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.
Page | 1
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
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 | 2
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
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 3
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.
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 4
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
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 5
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.
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 6
6. SITE PHOTOGRAPHS
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 7
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 8
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 9
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 10
COTTAGE 1
COTTAGE 3 COTTAGE 2
ENTERTAINMENT AREA
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 11
7. MUNICIPAL ACCOUNTS
340 THE LANE /MAJUBA ROAD
Portion 139 Farm 196 IQ
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 | 12
Top Related