PROPERTY AUCTION
LENASIA PROPERTYLARGE AUCTION HOME & 5 COTTAGES HUGE INCOME OPPORTUNITY 895 Drommedaris Avenue, Bloubosrand, Randburg
Measuring 2304m²
LIQUIDATION
VIA INTERNATIONAL (PTY) IN LIQUIDATION, Master’s Ref G138/2016
BID LIVE AND VIA WEBCAST Auction Date: Wednesday 20 May – 12H00 Venue: 895 Drommedaris Avenue, Bloubosrand, Randburg Auctioneer: Daniel Pelkowitz WH Auctioneers Properties (PTY) Ltd Webcast bidding available 578 16th Road, Randjespark, Midrand Due to COVID-19 only registered bidders will be allowed to bid live at the property. No onlookers Tel: 0115745700 or walk-ins will be granted access. Sanitizer and face masks available at the auction. Alternatively, WEBCAST bidding is available. See below www.whauctions.com for details. Viewing by appointment ONLY
Contact for further info: 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 reservePeter unless otherwiseSkafidas stated. Descriptions mentioned herein are Daniel not guaranteed Pelkowitz by the auctioneers and are as supplied. Cell: 083 226 7960 Page | 1 Cell: 072 360 7510 Email: [email protected] Email: [email protected] LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
Index
1. Guidelines for the auction Page 3
2. General Page 6
3. Title Deed Information Page 6
4. Locality Page 6
5. Description of Improvements Page 6-8
6. Site Photos Page 9-11
7. Municipal Statements Page 14,15
8. Legal Instruction Page 17- 19
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
1. GUIDELINES FOR THE AUCTION
BIDDING OPTIONS
1. LIVE ON-SITE BIDDING (ONLY FOR REGISTERED BIDDERS) 2. WEBCAST BIDDING (PROCEDURE BELOW)
Auction date & venue: Wednesday 20 May 2020 @ 12pm, ON SITE
Registration: Bidders can register any time prior to the auction or on auction day at the property. Identity document and FICA documents required.
All potential buyers are required to pay a registration fee of R25 000 in order to bid at the auction. This fee can be paid either by bank guaranteed cheque or EFT payment into the Auctioneers’ Trust Account.
Cash will NOT be accepted at the auction venue. Banking information will be provided when requesting registration forms. 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 accepted 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: 14 Business days. Guarantees: 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 hammer price.
Example: Bid Price: R 100 000.00 Buyer’s Premium: 10% on bid price equating to R 10 000.00 plus VAT on the Buyer’s Premium VAT 15% on Buyer’s Premium: R 1,500.00 Total Purchase Price R 111 500.00
The auctioneers have the right to regulate the bidding and to bid on behalf of the seller at the auction 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 is made up of the Buyer’s commission 10% plus VAT = 11.5% and 10% deposit on the property price
The deposit is payable by way of a Bank Guaranteed cheque or electronic fund 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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
2. GENERAL
Property Address: 895 Drommedaris Avenue, Bloubosrand Ext 2, Randburg, Gauteng.
Erf & Suburb & City: Erf 895 Bloubosrand Ext 2
Coordinates: -26.0237480986 27.9721139091
3. TITLE DEED INFORMATION
Deeds Office: Johannesburg
Registered Owner: Via International CC
Registration No: 199103209423
Title Deed No. T111431/2000
Erf Size: 2304 m2
Zoning: Residential
4. LOCATLITY
Bloubosrand is a suburb northwest of Johannesburg, South Africa. It is located in Region A of the City of Johannesburg Metropolitan Municipality. It is predominantly a residential suburb close to schools, churches, entertainment venues and shopping centres. Surrounding areas are mostly light industrial nodes such as Kya Sands and Riverbend
The subject property is situated at 895 Drommedaris Avenue. Bloubosrand Ext 2, Randburg.
5. DESCRIPTION OF IMPROVEMENTS
The property can be split into several areas consisting of cottages, main house, storerooms and workshop.
There are 3 separate entrances to the property, one from Drommedaris Avenue (main entrance) the other on Teuton Avenue and one from a Municipal owned service road. The service road can be accessed via Teuton road. The land measures approximately 2304m² and is one of the largest stands for any residential properties in the suburb.
When entering the property through Drommerdaris avenue entrance, the first building you come across is a double storey structure. It contains 3 self-contained cottages comprising of:
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
Main House:
• 3 bedrooms • 2 full bathrooms • Dining room • Lounge • Kitchen & pantry • Jacuzzi • Loft room • Adjoining the main house is another self-contained cottage comprising of open plan kitchen/ lounge, 1 bedroom, toilet and shower.
Ground floor 1st cottage:
• 2 bedrooms • Lounge • Open plan kitchenette and dining room • Lounge leading to small enclosed garden • Toilet and shower • Tiled
2nd cottage:
• 2 bedrooms • Open plan kitchen dining room • Kitchen • Toilet and shower • Tiled • Small enclosed garden
3rd cottage: 1st floor
• 2 bedrooms • Open plan kitchen and dining room • Toilet and shower • Wood floors • Veranda / balcony
Outbuildings
• Cottage comprising of open plan kitchen /dining room, large bedroom with build in cupboards, toilet and shower. • 2 X storerooms • Workshop
The garden is aesthetically pleasant with many large trees in the perimeter of the property. There is ample space for parking.
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
Summary
Roof: Tiled and IRB roofing
External Walls: Plastered and painted brickwork
Internal Walls: Plastered and brickwork
External Floors: Paved and tiled
Internal floors: Tiles carpets & wooden
Condition: The property requires maintenance.
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.
NEITHER THE AUCTIONEER NOR THE LIQUIDATOR HAVE HAD SITE OF ANY BUILDING PLANS. CITY COUNCIL DO NOT HAVE COPIES OF BUILDING PLANS EITHER. PROPERTY TO BE SOLD WITHOUT PLANS.
ELECTRICAL COMPLIANCE SHALL BE FOR THE PURCHASER’S ACCOUNT – INDICATIVE QUOTE RECEIVED – FULL REPORT AVAIALABLE ON REQUEST
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
6. SITE PHOTOS
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
COTTAGE 1
COTTAGE 2
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
COTTAGE 3
COTTAGE 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.
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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
COTTAGE 5
MAIN HOUSE
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
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
LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
7. MUNICIPAL STATEMENTS
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
8. LEGAL INSTRUCTION
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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LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
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 | 18
LIQUIDATION
895 DROMMEDARIS AVENUE, BLOUBOSRAND Erf 895 BLOUBOSRAND, EXT 2 RANDBURG
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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