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Insolvency Auction Of A 3 Bedroom Family Home, Somerset West, Western Cape#358

Live Auction, Started: 21 May 2019 3:00 AM PDT

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Duly instructed by the Insolvent Estate M.G Barriero. Masters Ref No: C1/2018
Insolvency auction of 3 bedroom family home, Somerset West, Western Cape#358 - Erf boasts an extent of ±1054m², offering a double garage, granny-flat and is well secured with an automated gate.
Featuring:
General description
Featuring a cosy family home, enjoys three bedrooms, a family bathroom, separate lounge, dining room and kitchen. The outside boasts double garage, granny-flat (for possible rental potential) and the property well secured with an automated gate.

Locality
The property is located along St Emillion Road within Die Wingerd, Somerset West. St Emillion Road can be accessed via the Helderberg College Road from the M9 as well as Irene Avenue (M156) and enjoys close proximity all major amenities.
For locality of the property, click here

Executive summary
  • Erf 6095 Somerset West, City Of Cape Town, Western Cape
  • 15 Saint Emillion Road, Die Wingerd, Somerset West
  • Extent: ±1054m²

  • 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) of the purchase price shall be paid at the fall of the hammer and balance of the purchase price on registration of transfer.
    VAT/Tax: 15%
    Inspection details: Sunday, 19 May 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 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;
    • 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: 15 Saint Emillion Road, Die Wingerd, Somerset West
    Started: 21 May 2019 3:00 AM PDT

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