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Liquidation auction of residential property within Lotus River - Western Cape

Liquidation auction of residential property within

Lots Closing: 11 Dec 2019 from 11:00 AM ZA

By order of The Liquidators representing Express Auctioneers and Shared Services

Liquidation auction of residential property within Lotus River, Western Cape. Boasting an extent of ± 207m² within a well sought-after residential area. This property is suited for refurbishment or redevelopment

Featuring a semi- detached residential house with kitchen, lounge and open plan section which has been partitioned into 4 sections. It offers an external toilet and storage sheds. This property is suited for refurbishment or redevelopment.

Locality

Situated on Duiker Street within Lotus River which is located within the greater Grassy Park area. Grassy Park is situated approximately 20km southeast from the CBD of Cape Town.

Executive Summary

Erf 9861 Grassy Park , City of Cape Town , Western Cape
24 Duiker Avenue, Lotus River
Extent: ± 207m²

Auction Notes

Please note that in order to be approved for bidding, you are required to send us: the participation form (under downloadable documents), proof of payment of a R 10 000 registration fee and FICA documentation

Notice To Purchasers

Buyers Premium : 5% Deposit of 10% and Buyer's Premium of 5% (plus vat on buyer's premium only) to be paid at the fall of the hammer and the balance of the purchase price shall be paid within 30 (thirty) days from receipt of a written request to that effect from the transferring attorneys
VAT / Tax : 15%
Payment Type : Wire Transfer

Additional Notes

This auction 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 property 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.
The Sale of the property is non-suspensive and not subject to any feasibility or any other condition required by the buyer.

Sale / Auction Is Subject To

A reserve or upset price
All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
A refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price

 Event Details
  • Bidding Opens:   11 Dec 2019 11:00 AM
    Bidding Closes:   11 Dec 2019 11:00 AM

    Asset Location:
    24 Duiker Avenue, Lotus River, Cape Town

    Viewing Details:
    Please contact Casper Rossouw

 Contact Details
  • Contact:   Casper Rossouw

    Email:   casper.rossouw@liquidityservices.com
    Mobile:   +27 (0) 82 459 8877
    Tel:   +27 (0) 21 702 3206

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