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Private Treaty Sale of 2 bachelor flats in Springs Gauteng

Private Treaty Sale of 2 bachelor flats in Springs

Lots Closing: 30 Jul 2019 from 12:00 PM ZA

By order of ABSA Bank as Power of Attorney

Power of attorney auction of 2 bachelor flats in Springs - Gauteng - South Africa

Items that will be auctioned include:

1st floor bachelor flat in secured building
Unit 10: Situated on 1st floor and enjoys bedroom, kitchen, lounge/dining room, enclosed balcony and garage

3rd floor bachelor flat in security building
Unit 22: Situated on 3rd floor and enjoys bedroom, kitchen, lounge/dining room, enclosed balcony and garage.

Locality:
The building is well secured with access control via an intercom system. It is perfect as a bachelor flat, student accommodation or if you are scaling down! It has great rental potential as well. Situated along 2nd Avenue within Springs just a mere ±30kms away from Boksburg within the Gauteng Province. It enjoys convenient access to the R29 Regional Road and within close proximity to all major amenities.

Executive Summary:
Lot 1: Unit 10, Shorborough Court, Ekurhuleni Municipality, Gauteng Province
Lot 2: Unit 22, Shorborough Court, Ekurhuleni Municipality, Gauteng Province
100 2nd Avenue, Springs
Unit sizes: Unit 10 = ±74m² & Unit 22= ±78m²

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%
Payment type: Wire Transfer

Additional notes:
This sale 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 assets 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.

 Event Details
  • Bidding Opens:   04 Jul 2019 12:00 PM
    Bidding Closes:   30 Jul 2019 12:00 PM

    Asset Location:
    Door No 10 and 22 Shorborough Court, 100 2nd Avenue, Springs, Gauteng, South Africa

    Viewing Details:
    Please contact Pieter Rushmer

 Contact Details
  • Contact:   Pieter Rushmer

    Email:   pieter.rushmer@liquidityservices.com
    Mobile:   +27 (0) 83 710 7005
    Tel:   +27 (0) 21 702 3206

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