PROPERTY AUCTION LENASIA PROPERTY AUCTION
INVESTMENT OPPORTUNITY NEAR CBD 2 BED 1 BATH APARTMENT
ZONNEBLOEM, CAPE TOWN
Unit 67 Chapel Towers, 47 Stuckeris Street, Cape Town
DISTRESSED SELLER
BID ONLINE VIA WEBCAST
Auction Date: Tuesday 11 MAY @ 11h00 Online Bidding: Webcast Live Bidding
Due to COVID-19, WEBCAST bidding is the method available. See below for details.
WH Auctioneers Properties (PTY) Ltd Contact for further info: 578 16th Road, Randjespark, Midrand
Tel: 0115745700 The auction is conducted in terms of theZain Regulations Teegler relating to auctions contained in The Consumer ProtectionRob Act Shaff 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. www.whauctions.com Cell: 067 402 4549 072 195 1211 Page | 1
Email: [email protected] [email protected]
2 BED 1 BATH APARTMENT ZONNEBLOEM
Index
1. Guideline to Auction & Webcast Page 3
2. General Page 4
3. Locality Page 4
4. Description of Property Page 5
5. Site Photographs Page 6
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
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2 BED 1 BATH APARTMENT ZONNEBLOEM
1. GUIDELINE FOR THE AUCTION
THIS IS A LIQUIDATION AUCTION:
• WEBCAST BIDDING (PROCEDURE BELOW)
Auction Date: Tuesday 11 May 2021 @11h00, Online at www.whauctions.com
Registration: Bidders can register at any time prior to auction online. Instructions on the website.
All potential buyers are required to pay a registration fee of R50 000 in order to bid at the auction.
Upon signature of the registration documents, all buyers will have acknowledged and accept the Terms and Conditions set out in the Rules of Auction.
Registration Fee: R50 000.00 (Refundable to unsuccessful bidders) Deposit: 16.9% of hammer price Confirmation period: 7 Business days. Balance of the purchase price payable within 21 business days after confirmation of sale.
The bid price excludes the buyer’s premium which is payable over and above the purchase price.
Example: Highest bid with buyer’s premium Bid Price: R 1 000 000 Buyers comm. (6%) R60 000 15% VAT on the Buyer’s Premium R9 000 Total Purchase Price R 1 069 000
The auctioneers have the right to regulate the bidding at the auction and to bid on behalf of the seller up to (but not exceeding) the reserve price as mandated by the seller. When the auctioneer knocks down the property to the highest bidder the successful bidder will sign the Conditions of Sale on the day.
A deposit of 16.9% is payable on the fall of the hammer. This percentage is made up of the commission payable by the successful bidder of 6% plus VAT (namely, 6.9%) plus a 10% deposit on the purchase price of the Property.
The deposit is payable by way of a Bank Guaranteed cheque or electronic transfer. The deposit and buyer’s premium are deposited into the WH Auctioneers Trust account.
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
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2 BED 1 BATH APARTMENT ZONNEBLOEM
2. GENERAL
Registered owners: LOAMEEN PTY LTD Sheme no and name: 162/2020 Chapel Towers, Zonnebloem Address: Unit 67 Chapel Towers, 47 Suckeris Street, Zonnebloem, Cape Town Zoning: Single Residential 1 City/Town/District: Cape Town Local Authority: City of Cape Town Province: Western Cape Title Deed: ST9598/2020 Extent: 45m²
3. LOCALITY
The property is situated in Zonnebloem in Cape Town. Zonnebloem was part the area formally known as District Six. It is within walking distance of the Cape Town CBD and the three main highways utilised are the N1,N2 and M3. Zonnebloem is near to the Atlantic seaboard and has many amenities nearby such as Beaches, fuel stations, educational and healthcare facilities.
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
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2 BED 1 BATH APARTMENT ZONNEBLOEM
4. DESCRIPTION OF IMPROVEMENTS
This property is situated in an affluent area close to the city centre and the sale includes two
exclusive areas such as a single parking bay and a storeroom.
The property can be broken down as follows:
- 2 Bedrooms - Built in cupboards in both bedrooms - Laminated flooring in both bedrooms - Lounge area - Open plan Kitchen - Floor tiled throughout the passage, lounge and kitchen - 1 Bathroom with a shower - Balcony with tiled floor and view
Exclusive areas:
- Storeroom: Registered as B67 and measures at 5m² - Basement parking bay registered as P20 and measures at 14m²
Facilities at Chapel Towers:
- Wi-fi access - Concierge - Biometric access control - Roof top deck with pool and braai facilities - Gym - Laundry
EXPENSES (ESTIMATED)
RATES: TBC
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
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2 BED 1 BATH APARTMENT ZONNEBLOEM
5. SITE PHOTOGRAPHS
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
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2 BED 1 BATH APARTMENT ZONNEBLOEM
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 7
2 BED 1 BATH APARTMENT ZONNEBLOEM
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 8
2 BED 1 BATH APARTMENT ZONNEBLOEM
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
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