Insolvency Auction Of Two Bedroom Flat within Parow, Western Cape
Live Auction, Started: 22 Nov 2019 12:00 AM PST
Enjoys two bedrooms, main bathroom (shower, basin and bath), separate toilet, kitchen leading to a washroom/storeroom with a garbage shoot and open plan living area that leads out to an enclosed patio area. The complex is well secured with access control and undercover parking bay. Ideal investment opportunity, scaling down, retirement or student accommodation!
Locality
Situated on Couch Crescent within the residential suburban area known as Oostersee which lies within the greater Parow area. Enjoys convenient access to all public transport routes, main amenities, the N1 National Highway that leads towards the CBD of Cape Town of the northern areas of the Western Cape Province.
For locality of the property, click here
Executive Summary
To see a slide show of the property on auction, please CLICK HERE
VAT/Tax: 15%
Inspection details: Sunday, 17 November 2019 from 14:00 to 16:00 - Please contact Casper Rossouw
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 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
Currency: South Africa Rand
Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
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