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POA

House On Auction in Glen Hills

29 and 27 Tibouchina Place, Glen Hills, Durban North

AUCTION

Contact Agent

Danielle Hoskins

Show Contact Number

Liquidation Auction of a ±2044m² Residential Property Located in Glen Hills, Durban

An Ideal Opportunity for Investors or End-Users

Erf 387 and Erf 388 Kenhill, with a total extent of 2044sqm and known as 29 and 27 Tibouchina Place, Glen Hills, Durban, Kwazulu-Natal:

Erf 387 comprises of a single storey dwelling. Access to this property is via Erf 388 due to the steep gradient of the Erf.

Timed online auction:

Bidding opens on Wednesday, 6 Nov. 2024 at 10h00 & closes *from 10h00, Thursday, 7 Nov. 2024

*Online Auction Notes:

• If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min

• If any further bidding occurs, the extension timer will reset to 10 min.

• If no further bidding activity occurs, the lot closes when the timer runs out.

Terms:

• R50,000 buyer's card deposit payable by EFT

• FICA to be provided

• “Above subject to change without prior notice

• Sale is subject to...

An Ideal Opportunity for Investors or End-Users

Erf 387 and Erf 388 Kenhill, with a total extent of 2044sqm and known as 29 and 27 Tibouchina Place, Glen Hills, Durban, Kwazulu-Natal:

Erf 387 comprises of a single storey dwelling. Access to this property is via Erf 388 due to the steep gradient of the Erf.

Timed online auction:

Bidding opens on Wednesday, 6 Nov. 2024 at 10h00 & closes *from 10h00, Thursday, 7 Nov. 2024

*Online Auction Notes:

• If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min

• If any further bidding occurs, the extension timer will reset to 10 min.

• If no further bidding activity occurs, the lot closes when the timer runs out.

Terms:

• R50,000 buyer's card deposit payable by EFT

• FICA to be provided

• “Above subject to change without prior notice

• Sale is subject to confirmation

• E&OE

• *Bidding is subject to Automatic staggered ending times

Buyer’s costs and liabilities

• VAT or Transfer Duty shall be applicable;

• 15% deposit on the purchase price payable on fall of hammer by successful bidder;

• 6% + VAT auctioneer’s commission is payable by successful bidder on fall of hammer;

• Occupation and possession of the property will be given by the seller to the purchaser on date of registration of transfer;

• Should occupation be prior to transfer, the Purchaser shall pay Interest to the Seller from the date of occupation until date of registration of transfer - The monthly interest shall be 12% per annum of the purchase price;

• The PURCHASER shall at his own cost obtain all compliance certificates (as applicable) and any further or additional documentation for effective registration of transfer or occupation of the property.

• The sale is subject to the seller confirming his acceptance of the sale within 14 working days;

• The Seller in no way gives warranty that the Purchaser shall obtain vacant occupation, on the date of occupation.