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Live Auction of a 3 bedroom family home in Somerset West Cape Town

Live Auction of a 3 bedroom family home in Somerse

Lots Closing: 21 May 2019 from 01:00 PM ZA

By order of Insolvent Estate M.G Barriero. Masters Ref No: C1/2018

Live Insolvency Auction of a 3 Bedroom Family Home in Somerset West - Western Cape

Items that will be auctioned include:

Insolvency auction of 3 bedroom family home to be auctioned live

Erf boasts an extent of ±1054m², offering a double garage, granny-flat and is well secured with an automated gate.

Featuring a cosy family home, enjoys three bedrooms, a family bathroom, separate lounge, dining room and kitchen. The outside boasts double garage, granny-flat (for possible rental potential) and the property well secured with an automated gate.

Executive summary:
Erf 6095 Somerset West, City Of Cape Town, Western Cape
15 Saint Emillion Road, Die Wingerd, Somerset West
Extent: ±1054m²

Locality:
The property is located along St Emillion Road within Die Wingerd, Somerset West. St Emillion Road can be accessed via the Helderberg College Road from the M9 as well as Irene Avenue (M156) and enjoys close proximity all major amenities.

Auction notes:
Please note that in order to register to this auction we require; proof of payment and FICA documentation

Notice to purchasers:
Buyers premium: 5% Deposit of 10% and buyer's premium of 5% (plus VAT) of the purchase price shall be paid at the fall of the hammer and balance of the purchase price on registration of transfer.
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 from 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.
The Sale of the assets is non-suspensive and not subject to any feasibility or any other condition required by the buyer.

The Sale by 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:   21 May 2019 12:00 PM
    Bidding Closes:   21 May 2019 01:00 PM

    Asset Location:
    15 Saint Emillion Road, Die Wingerd, Somerset West, Cape Town, Western Cape

    Viewing Details:
    Sunday, 19 May 2019 from 14:00 to 16:00

 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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