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Insolvency Auction Of Two Bedroom Flat within Parow, Western Cape

Live Auction, Started: 22 Nov 2019 12:00 AM PST

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Duly instructed by the trustees in the insolvent estate S Theron. Masters Ref No: C554/2019
Insolvency auction of two bedroom flat within Parow, Western Cape. Situated on the 1st Floor within a secure complex, conveniently situated along the public transport route and within close proximity to all main amenities. Ideal for scaling down, retirement or student accommodation! 
Featuring:
General description
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
  • Section 30 of SS Bremerhof of Plan 47/1992 situated on Erf 3720 Parow, City of Cape Town Municipality, Western Cape
  • Door no 13, Bremerhof, 11 Couch Crescent, Oostersee, Parow
  • ±90m²
  • To see a slide show of the property on auction, please CLICK HERE


    Auction notes:
    Please note that in order to be approved for bidding, you are required to send us: the participation form (under downloadable documents), proof of payment of a R 10 000 registration fee 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: 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
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    Currency: South Africa Rand
    Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
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    Event Closed
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    Downloadable Documents
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    Event Information
    Location: Unit 30, Bremerhof, 11 Couch Crescent, Oostersee, Parow
    Started: 22 Nov 2019 12:00 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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