Insolvency Auction Of A 3 Bedroom Family Home, Claremont, Western Cape#351

Live Auction, Started: 9 Apr 2019 3:00 AM PST

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Duly instructed by the trustees in the Insolvent Estate S.R Gersowsky to auction 50% share of the property. Masters Ref No: C447/2018

Insolvency Auction of 3 Bedroom Family Home, Claremont, Western Cape#351 - Purchaser to purchase 50% share only of Erf 51491 Cape Town

Featuring:

General description
Purchaser to purchase 50% share only of Erf 51491 Cape Town, City of Cape Town Municipality, Western Cape.
Featuring a cosy three bedroom family home. All Bedrooms have built-in cupboards, one bedroom enjoys an en-suite (shower, basin and toilet). Further boasting a family bathroom (toilet, basin and bath) a lounge and dining room with fire place and small sun sitting area with wooden stairs leading up to a small study/office area. Kitchen offers built in cupboards and kitchen nook sitting area. To to top it off the outside area enjoys a pool, garden with a single garage. The property is secured with an alarm system, automated gates and electrical wire fencing.

Locality
Located along Buchanan Road, a quiet street, enjoys easy walking distance to Golden Grove School and within the upmarket residential suburb of Claremont. It has convenient access to the M5 Metropolitan Road and N1 and N2 National Highways.
For locality of the property, click here

Executive Summary

Purchaser to purchase 50% share only of Erf 51491 Cape Town, City of Cape Town Municipality, Western Cape

4 Buchanan Road, Claremont

±446m²

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Auction notes:

Please note that in order to register to this auction we require; proof of payment and FICA documentation.

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: 31 March 2019 from 14:00 to 16:00
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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