SELCOURT, SPRINGS RESIDENTIAL HOME WITH 12 INCOME PRODUCING ROOMS, FURNITURE & APPLIANCES

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DECEASED ESTATE

ESTATE LATE: L.P. VAN WYK

        MASTER OF THE HIGH COURTS REFERENCE NO: 018444/2015

 Duly instructed by the Beneficiaries in the above matter we will sell, entirely without reserve, subject to confirmation, the following fixed property:

Fixed Property: This residential property, under tiled roof, has 12 income producing rooms with a monthly potential income of R25 000.  Outbuildings comprise of three garages with automated doors and two carports.  In addition to this, the property is fully walled and alarmed with CCTV.

INCOME POTENTIAL

When fully let the income generated was R25 260-00

The property is currently generating an income of R12 000-00

Each room is fitted with a separate water and electricity meter

Furniture & Appliances: Lounge furniture, Diningroom furniture, Bedroom furniture, television sets, appliances, small selection of tools, pictures and prints, crockery, cutlery, ornaments, garden furniture, etc… etc…    

ON   :             WEDNESDAY 28th MARCH 2018 @ 10:30 a.m. SHARP ON SITE

VIEWING:   TUESDAY 27th  MARCH 2018     10:00 a.m. – 3:00 p.m.  STRICTLY!

AT    :            NO 33 STAR ROAD, SELCOURT, SPRINGS        

TERMS:

Property:

A deposit equivalent to R50 000-00 strictly by way of EFT day prior to sale

OR

R15 000-00 cash and balance of R35 000-00 by EFT on the fall of the hammer.

OR

Bank cheque made out to LRA TRUST ACCOUNT in the sum of R50 000-00

NO EXCEPTIONS!!

Guarantees within 60 days from date of confirmation. No buyer’s commission.

FICA documents required to register. (Copy of proof of residence – not older than 3 months and ID)

Furniture:

R2 000-00 CASH REGISTRATION FEE.  NO EXCEPTIONS!! 

Balance payable by way of cash or EFT only.

10% buyer’s commission & 14% vat on commission on movable assets.

All of the above is subject to change without prior notice.