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Bid Online Via Webcast PROPERTY AUCTION LENASIA PROPERTY AUCTION MODERN 2 BED, 2 BATH APARTMENT CEDAR ACRES ESTATE - FOURWAYS COMPLEX OFFERS INFINITY POOL, CLUBHOUSE, TENNIS COURT & CHILDREN’S PLAY AREA Unit 12 Cedar Acres Estate | Inchanga Road | Maroeladal, Fourways OWNER EMIGRATING BID ONLINE VIA WEBCAST Auction Date: Saturday, 18 September 2021 @ 11h00 Register to bid: www.whauctions.com Viewing: By appointment ONLY – Subject to COVID 19 Regulations WH Auctioneers Properties (PTY) Ltd th 578 16 Road, Randjespark, Midrand Contact for further info: Tel: 0115745700 Mark Nossel www.whauctions.comThe auction is conducted in termsCell: of the Regulations 074 154 relating 0777 to auctions contained• Email: in The Consumer markn [email protected] 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. Almarie Croucam Cell: 076 067 8761 Page• | Email:1 [email protected] Index 1. Guideline to Auction Page 3 2. How to Bid via Webcast Page 4-5 3. General Page 6 4. Title Deed Information Page 6 5. Locality Page 6 6. Description of Improvements Page 7 7. Site Layout Page 8 8. Site Photographs Page 9 9. Levy Statement Page 11 10. Municipal Account Page 12 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 | 2 1. GUIDELINE FOR THE AUCTION BIDDING OPTIONS 1. WEBCAST BIDDING (ONLY FOR REGISTERED BIDDERS, PLEASE SEE PROCEDURE ATTACHED) Auction Date & Venue: Saturday, 18 September 2021 @ 11h00 Registration: Bidders can register at any time prior to auction on www.whauctions.com. Identity and FICA documents are required in order to register for the auction. All potential buyers are required to pay a registration fee of R10 000 in order to bid at the auction. This amount can be paid either by bank guaranteed cheque or EFT into the Auctioneer’s trust account. Once registered each buyer will be issued with a buyer’s card reflecting a buyer’s number. Upon signature of the registration documents, all buyers will have acknowledged and accept the Terms and Conditions as set out in the Rules of Auction. Registration Fee: R10 000.00 (Refundable to unsuccessful bidders) Buyer’s Premium: 10% (Excl. VAT) of the hammer price Deposit: 21.5% 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 of 10% (Excl. VAT) which is payable over and above the purchase price by the highest bidder. The auctioneers have the right to regulate the bidding at the auction. 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 11.5% is payable on the fall of the hammer. This percentage is made up of the commission payable by the successful bidder of 10% plus VAT (namely, 11.5%) plus a 10% deposit on the purchase price of the Property. The deposit is payable by way of a Bank Guarantee or electronic transfer into the WH Auctioneers Trust account. For queries regarding the properties on auction contact: Joshua Pelkowitz: 072 536 5482 WH Auctioneers offices: 011 574 5700 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 | 3 2. HOW TO BID VIA WEBCAST 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 | 4 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 | 5 3. GENERAL Property Address: Unit/Door 12 Cedar Acre Estate | Inchanga Road | Maroeladal, Fourways Erf & Suburb & City: Section 279 of SS Cedar Acres Estate (278/2017) 4. TITLE DEED INFORMATION Deeds Office: Pretoria Title Deed No. T35314/2017 Erf Size: 77m² 5. LOCALITY Fourways is the fastest-developing commercial and residential hub in the greater Johannesburg area. The main access routes to Fourways are off the N1 at R511 William Nicol Drive, or alternatively along R564 Witkoppen Road. It is located mostly in Region E of the City of Johannesburg Metropolitan Municipality. The Fourways area is also home to the Fourways Mall which became the largest shopping centre in Africa post an extensive upgrade. Montecasino, which is a leisure and casino complex, is also located in the Fourways district The subject property is located in the residential node of Maroeladal. Surrounding properties consist of freestanding houses, small business properties. 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 | 6 6. DESCRIPTION OF PROPERTY The property consists of a 77m2, 2-bedroom, 2-bathroom, apartment within the sought-after Cedar Acres Estate. The unit can be broken down as follows: - 2 bedrooms (main en-suite) - 2 full bathrooms - Open plan kitchen, dining and living area - Balcony - Covered parking bay This lovely unit is situated at the top floor on the 3rd floor of the complex. The living area and bathroom are fully tiled, and the bedrooms have carpets. Internal finishes are modern with built-in appliances. The apartment measures 77m2 as well as 1 parking bay covered with shade cloth, and ample visitors parking. The complex offers a large infinity pool & clubhouse, tennis court and children’s play area with jungle gym. Site Access and Security The estate is well secured, and access is gained via the main access security gate with biometric access systems as well as 24/7 on-site security. Disclaimer: A structural survey of the building has not been undertaken and will not form part of this report. All structural and maintenance information are as per information provided by the owners upon visiting the site. We have not received nor had site of building plans. Neither the Seller nor the Auctioneer warrant the availability of any buildings plans and the property is not being sold subject to the provision of such plans. 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 7. SITE LAYOUT 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 8. 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. Page | 9 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 | 10 9. LEVY STATEMENT 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 | 11 10. MUNICUPAL 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. Page | 12 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 | 13 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 | 14 .
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