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Insolvency Auction Of Modern And Elegant Family Home, Hout Bay- Western Cape #311

Live Auction, Started: 26 Jun 2018 3:00 AM PDT

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Duly instructed by the trustees representing Massador Nine (Pty) Ltd. Masters Ref No: C833/2016
Insolvency auction of a modern and elegant family home, Hout Bay- Western Cape #311 - offering four bedrooms (in the main house), with various rooms overlooking Hout Bay Sand Dunes, one bedroom flatlet and boasting an extent of 1036m²
General description

Ground floor:
Enjoys 1 single garage and 1 double garage with electric doors.

First floor:
Flat-let: enjoys open plan bedroom/study, built-in cupboards and modern en-suite bathroom with shower.

Main house:
Enjoys 3 bedrooms (all carpeted with BIC and leads onto covered balcony), one family bathroom, entrance hall, office and stairwell leading to second and third floor.

Second floor:
Enjoys large master bedroom (carpeted with walk-in closet, built-in cupboard, master en-suite bathroom (with bath, shower, toilet, bidet and double sink).

Three floor:

Enjoys living room (with laminated flooring) which leads onto balcony overlooking Hout Bay Sand Dunes, dining room (with laminated flooring), TV room (with back to back fire place and carpet), modern kitchen (with built in cupboards, stove, oven and extractor), pantry, scullery, kitchenette/ laundry and a guest bathroom(with toilet and shower).

There is a garden, paved drive way and parking for approximately four vehicles.
The property is well secured with six strand electric fencing on top of perimeter walls, steel entrance gate, alarm security beams, irrigation, CCTV, Trelli-door, interior burglar bars and intercom.

Set out in a quiet neighbourhood along Edmondia Close within Kronenzicht, Hout Bay. Just a mere ±25 minute drive to the city in rush hour traffic along the beautiful coast road with terrific sea and mountain views. The area enjoys superb restaurants, shopping centre's, beaches, close to golf courses schools, including the new International School Hout Bay.

For locality of the property, click here

Executive summary
  • Erf 8082, Hout Bay, City of Cape Town, Western Cape
  • 4 Edmondia Close, Kronenzicht, Hout Bay
  • Extent: 1036m²

  • Auction notes:
  • Please note that in order to register to this auction we require; proof of payment and FICA documentation.
  • 15% VAT is applicable to the buyer's premium and purchase price may be subject to VAT
  • 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: 15%
    Inspection details: Viewing: 10 & 17 June 2018 from 14:00 to 16:00. For more information, 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
    Consumer Protection Act 68 of 2008 - Regulations

    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 assets prior to the auction.
    • The Sale of the assets 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;
    • A 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: 4 Edmondia Close, Kronenzicht, Hout Bay
    Started: 26 Jun 2018 3:00 AM PDT

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