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Real Estate Property In Parks Estate, Strand - Western Cape - South Africa #92

Live Auction, Started: 24 Mar 2015 2:00 AM PST

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Duly instructed by the Liquidators representing the Southern Palace Investments 379 (Pty) Ltd (In Liquidation). Masters Ref No: C20411/2014
Live liquidation auction - top floor penthouse apartment  comprising of 3 bedrooms  with large balconies overlooking the False Bay Coastline in Cape Town, South Africa
Top floor penthouse apartment, excellently positioned with stunning sea views

General description

Stunning penthouse apartment situated on the top floor, enjoys three bedrooms (all en-suite), two bathrooms and a separate additional water closet . It boasts a spacious open plan living area with two large balconies including one braai area overlooking the False Bay coastline to the west, modern kitchen with built-in oven & hob on granite counter tops and a pantry.
This apartment also enjoys a secure parking bay.

The apartment is situated in the”Peninsula Bay” located along Beach Road in Parks Estate, Strand. Excellent accessibility to the popular Somerset West and Gordons Bay suburbs.

For locality of the property, click here

Executive summary
  • Section 78, Peninsula Bay (Apartment 106)
  • Extent: 221m²
  • General residential 2

  • Auction notes:
    14% VAT is applicable to the buyer's premium and purchase price
    Body Corporate Conduct Rules
    Conditions of Sale and Rules of Auction
    Registration Form
    Notice to purchasers:
    Buyers premium: 10%   Deposit of 10% and buyer's 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 +27 (0)82 459 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 below 'Auction notes'
    • 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: Apartment 601, Ocean Breeze, 16 Beach Road, Strand
    Started: 24 Mar 2015 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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