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3 BED/R House in Rivonia

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3 BED/R House in Rivonia LENASIA PROPERTLY IAQUCTUIONIDATION AUCTION Insolvent Estate - Mark Mckenzie Master reference No T.21231/14 3 BED/R House in Rivonia 8 Cheetah Crescent, Corner Gemsbok ST, Rivonia Auction Date: Tuesday, 20 August 2019 – 12H00 Venue: On - Site at the property Auctioneer: Tim Varenzakis For more information regarding auction registration, see Guideline for the Auction on page 3. WH Auctioneers Properties (PTY) Ltd Contact for further info: 578 16th Road, Randjespark, Midrand Tel: 0115745700 Sergio Ferreira Cell: 072 826 4855 www.whauctions.com The auction is conducted in termsEofmtheaRielg:uslaetiorngs rieolatfin@g towauhctaiounscctoniotainesd.icn oThme 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 | 1 3 Bedroom House, Rivonia Index 1. Guideline for the Auction Page 3 2. General Page 4 3. Title Deed Information Page 4 4. Locality Page 4 and 5 5. Description of Improvements Page 6 6. Site Pictures Page 7 and 8 7. Liquidation Documents Page 9 8. Municipal Accounts Page 10 & 11 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 3 Bedroom House, Rivonia 1. GUIDELINE FOR THE AUCTION Auction Date & Venue: Thursday, 22 August 2019 @ 12:00pm ON SITE . Registration: Bidders can register at any time prior to auction or from 11 am to 11 45am on auction day at the above mentioned venue or online at www.whauctions.com for webcasting. Identity and FICA documents are required in order to register for the auction. All potential buyers are required to pay a registration fee of R25 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. Cash will NOT be accepted at the venue. 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 set out in the Rules of Auction. Registration Fee: R25 000.00 (Refundable to unsuccessful bidders) Deposit: 21.5% of hammer price Confirmation period: 21 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. (10%) R 100 000 VAT on the Buyer’s Premium R 15 000 Total Purchase Price R 1 115 000 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 21.5% 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 Guaranteed cheque or electronic transfer. The deposit and buyer’s premium are deposited into the WH Auctioneers Trust account. For queries regarding the properties on auction contact: Sergio Ferreira: 072 826 4855 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 3 Bedroom House, Rivonia 2. GENERAL Property Address: 2 Gemsbok Street, Corner Cheetah Crescent, Rivonia, Sandton Portion, Erf & Suburb & City: Portion 1 of Erf 212, Rivonia, Sandton EXT 12 3. TITLE DEED INFORMATION Deeds Office: City of Johannesburg Title Deed No. T54094/2001 Erf Size: 891 m2 4. LOCALITY Rivonia is a suburb of Johannesburg, South Africa in the Sandton area. It is located in Region E of the City of Johannesburg Metropolitan Municipality. Rivonia is one of the most affluent residential and business suburbs of Johannesburg, and regarded as the hub of upstart and established I.T. companies. The main retail thoroughfare in the area, Rivonia Boulevard, is the location of several shopping complexes as well as many other shops and restaurants. The area maintains its medium to high value residential values. The GPS Co-ordinates of the property are as follows: S – 26˚04’93.97” E – 28˚05’15.22” 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 3 Bedroom House, Rivonia 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 Bedroom House, Rivonia 5. DESCRIPTION OF IMPROVEMENTS Main building consists of: 3 bedrooms all with built in cupboards Main bedroom has an on suite bathroom with a walk in closet. The main bedroom also has access into the main lapa area on the top section of the property. It is also north facing TV/Dining room area Entertainment section with built in braai and stack doors leading out into to the entertainment lapa Kitchen with pantry, abundant cupboard space External features: 2x thatched lapas Swimming pool with a rock formation style finish Outside entertainment area Washing line Maids quarters Additional features: There is a flatlet located at the bottom section of the property with its own access Double Garage with cupboards Corner stand overlooking the Rivonia/Braamfontein Spruit Trail PLEASE NOTE THE FOLLOWING: The total amount owing to the municipality is R830 546,55. The buyer is liable for 40% of these costs. 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 3 Bedroom House, Rivonia 5. SITE PICTURES 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 3 Bedroom House, Rivonia 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 3 Bedroom House, Rivonia 6. LIQUIDATION DOCUMENTS 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 3 Bedroom House, Rivonia 7. Municipal account PLEASE NOTE THE FOLLOWING: The total amount owing to the municipality is R830 546,55. The buyer is liable for 40% of these costs. 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 3 Bedroom House, Rivonia PLEASE NOTE THE FOLLOWING: The total amount owing to the municipality is R830 546,55. The buyer is liable for 40% of these costs. 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.
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