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Live Auction of Insolvent Estate in Cape Town CBD - Western Cape - South Africa -#77

Live Auction, Started: 19 Nov 2014 2:00 AM PST

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Duly instructed by Planet Administrators C.C representing the Insolvent Estate. Masters Ref No: C20206/2014
Live auction of Insolvent Estate, conveniently located on first floor and comprising of 2 bedrooms and well located within the Cape Town CBD - South Africa
Featuring:
2 Bedroom unit in the Cape Town City Centre

General Description


This property is situated on first floor offers two bedrooms, a family bathroom, kitchen and lounge.

Locality

This unit is situated in the Sectional Scheme known as Lynwol Flats, located at 13 Hope Street Cape Town. It is located in Cape Town City Centre and located to all essential amenities including retailers, all major banking institutions, hotel and lodging facilities, as well as emergency services. This apartment is also closely positioned near public transport nodes including bus and train stations.

For locality of the property,click here

Executive Summary
  • Section No.9, Flat 101 “Lynwol Flats” ,13 Hope Street, Cape Town
  • Extent: 66m²
  • Zoning: Mixed use 3

  • Auction notes:
    14 % VAT is applicable to the Buyers Premium Only and Purchase Price may be subject to transfer duty
    Notice to purchasers:
    Buyers premium: 10%   Deposit of 10% and Buyers Premium of 10% 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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    Event Information
    Location: Section No.9, Flat 101 Lynwol Flats, 13 Hope Street, Cape Town
    Started: 19 Nov 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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