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Insolvent Estate - Residential Property In Montague Gardens, Western Cape #69

Live Auction, Started: 7 Oct 2014 2:00 AM PST

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By order of the liquidators. Masters Ref No: C385/2009
Live auction of residential property in Summer Greens, Montague Gardens - South Africa enjoys 2 bedrooms and well located in the heart of Milnerton
Residential property in Summer Greens

General description

This property is a perfect home for a starter family or young professional. It enjoys 2 bedrooms, a bathroom, lounge, kitchen and single garage. It is well secured with a boundary perimeter wall and motorised automatic access gate which encloses the front yard of the property.


The property is situated in Sailers Green Street in the residential suburb known as Summer Greens. Summer Greens is in the heart of Montague Gardens. The property is within close proximity to all major freeways and the iconic super-regional centre, Canal Walk. All essential amenities can be found in close proximity including hotel and lodging facilities, major banking institutions as well as emergency services.

For locality of the property, click here

Executive Summary
  • Erf 4820, Montague Gardens
  • 7 Sailors Green Street, Summer Greens, Montague Gardens
  • Extent: 225m²

Auction notes:
14% VAT is applicable to the buyer's premium only and purchase price may be subject to transfer duty
Notice to purchasers:
Buyers premium: 5%   Deposit of 10% and buyer's premium of 5% plus VAT immediately after the sale, balance of the purchase price on registration of transfer
VAT/Tax: 14%
Inspection details: For more information; kindly contact Casper Rossouw on 082 459 8877
Payment type: Wire Transfer
Additional notes: This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
Consumer Protection Act 68 of 2008 click here
Consumer Protection Act 68 of 2008 - Regulations click here
The Bidders attention is drawn to the following:
  • The Rules of Auction can be found under the downloadable documents tab
  • The property will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the property prior to the auction.
  • The Sale of the Property is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
The Sale by auction is subject to
  • A reserve or upset price
  • All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
  • R10 000 refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
  • The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
  • The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price
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Currency: South Africa Rand
Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
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Downloadable Documents
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Event Information
Location: 7 Sailors Green Street, Summer Greens, Milnerton
Started: 7 Oct 2014 2:00 AM PST

Contact Details
Contact: Casper Rossouw
Telephone: +27 (0)82 459 8877
Telephone 2: +27 (0)21 702 3206
Shipping Information
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