lenasia property auction 3 bedroom home ......3 bedroom home +plus 3 cottages erf size: 9974m² wh...

LENASIA PROPERTY AUCTION

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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FARM LIVING IN THE CITY

3 BEDROOM HOME +PLUS 3 COTTAGES

NORTHRIDING

ERF SIZE: 9974m²

WH Auctioneers Properties (PTY) Ltd

578 16th Road, Randjespark, Midrand

Tel: 0115745700

www.whauctions.com

AUCTION DATE & VENUE: Tuesday 29 September @ 11 AM – Live Via Webcast

Contact for further info:

Peter Skafidas

Cell: 083 226 7960 . Email: [email protected]

Daniel Pelkowitz

Cell: 072 360 7510 • Email: [email protected]

BID LIVE AND VIA WEBCAST

DECEASED ESTATE

340 THE LANE /MAJUBA ROAD

Portion 139 Farm 196 IQ



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Index

1. Guidelines for the auction Page 3

2. General Page 4

3. Title Deed Information Page 4

4. Locality Page 4

5. Description of Improvements Page 5

6. Site Photos Page 6-10

7. Municipal Accounts Page 11,12





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1. GUIDELINES FOR THE AUCTION

Auction date & venue: Tuesday 29th September 2020 @ 11am - LIVE VIA WEBCAST

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: 7 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 1500.00

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 = 1.5%

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.





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2. GENERAL

Property Address: 340 The Lane / Majuba Road

Erf & Suburb & City: Re: Portion 139 (a portion of portion 2) of the farm Olievenhoutpoort 196 IQ

Coordinates: -26.0583, 29.9302

3. TITLE DEED INFORMATION

Deeds Office: Johannesburg

Title Deed No. T113675/2005

Erf Size: 9974 m2

Zoning: AH

4. LOCALITY The subject property is located in North Riding Agricultural Holdings on the farm Olievenhoutpoort. Formally a farming area with

sparse infrastructure the area has seen tremendous growth. Town house complexes have sprung all around the area. Jackal Creek

Golf Estate is minutes away and the new Jackal Creek shopping centre in the process of been completed. North Riding College and

Trinity House are nearby. The property enjoys all services and is in close proximity to shopping centres, schools, churches and

entertainment venues. Northgate shopping mall is a 5-minute drive away.

THE

DOME





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5. DESCRIPTION OF IMPROVEMENTS

Main house

• 3 bedrooms (mes) Main bedroom has a walk-in closet

• Dining room

• 2 x Lounges

• 2 Bathrooms

• Kitchen (granite tops)

• Large fireplace

• Slate flooring

Outbuildings

• Large thatch lapa for entertainment

• 3 x Cottages (fully contained)

• Laundry room

• 4 x Storage rooms

• 2 x servant’s quarters

• Swimming pool

Extras

• Plenty of parking

• Alarm system, electric fence

• Borehole

• Generator

• Well-manicured garden

• Built in braai

Summary

Roof: IBR roof sheet

External Walls: Plastered

Internal Walls: Plastered and face brick

Floors: Slate tiling and tiles

Condition: The property is in good condition.





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6. SITE PHOTOGRAPHS





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COTTAGE 1

COTTAGE 3 COTTAGE 2

ENTERTAINMENT AREA





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7. MUNICIPAL ACCOUNTS





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lenasia property auction 3 bedroom home ......3 bedroom home +plus 3 cottages erf size: 9974m² wh...

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