SELF CATERING APARTMENTS AND ASSETS ON AUCTION

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1 SELF CATERING APARTMENTS AND ASSETS ON AUCTION 41 KINGS WAY WARNER BEACH Wednesday 20 July 11:00 am Durban Country Club, 101 Isaiah Ntshangase Road, Durban Andrew Giddy Viewing by Appointment only Terms & Conditions R refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Ian Wyles Auctioneers may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Ian Wyles

2 CONTENTS Property Summary Locality Maps Pictures Additional Information Auction Information Deposit 5% of bid price payable by The Purchaser on the fall of the hammer Commission 10% plus VAT thereon of the bid price payable by the Purchaser on the fall of the hammer Confirmation period Tuesday 2 nd August 2016 Terms and Conditions If you are the successful bidder, the following is applicable: 30 Day Guarantee Period from confirmation of sale by the Seller Possession & occupation of property on registration Electrical (including electric fencing), woodborer and gas compliance for the Purchaser s account, if applicable Banking Details Ian Wyles Auctioneers Mercantile Bank Durban Branch: Account Number: Reference: Use Name and Property Address 2

3 INFORMATION General Property Address 41 Kings Way Road, Warner Beach,Kwazulu Natal Title Deed Information Title Deed Number T8573/1986 Title Deed Description Erf 830 [Rem Of Kingsburgh] Kingsburgh, Ethekwini Kwazulu Natal Extent 2021m 2 Locality & General Comments Linger Longer is approximately 30 minutes drive from Durban City centre. The property has easy access to the N2 freeway and is in walking distance to the beach and local shopping centers. Condition The property is in good condition. Please note that we have not undertaken a structural survey nor have we arranged for tests of inspections of the service installations. 3

4 INFORMATION Property Details The subject property is ideally situated for whatever type of holiday, whether it be relaxing moments on the beach, sightseeing, shopping or business and comprises: The subject property offers: Twin Rooms en-suite Double Rooms en-suite Fully Furnished Flat suitable for a family Bachelor Flat Main Residence Open plan lounge/dining room Master bedroom and en-suite Reception area Double Garage Jacuzzi Braai deck area Undercover parking (4 Cars) Seller Vat Status The Seller is not a Vat vendor. Vat will not be applicable to the purchase price Leases The property is currently utilized as a Bed & Breakfast and we are not aware of any leases that may be in place Expenses Monthly Rates: ± R

5 INVENTORY LIST Family Unit All furniture Fridge, 2 Plate stove, T.V., Table 4 chairs Double sleeper couch Curtains Crockery Cutlery Microwave Extra wardrobe Double bed Pots Pans Bachelor Flat All furniture Cooking utensils T.V. Microwave Curtains Double Bed Fridge Twin Room All Furniture 2 Single beds Fridge Microwave Crockery Kettle T.V Chair Round table 5

6 INVENTORY LIST Double Room Double bed T.V Fridge Microwave Crockery Kettle Curtains Chair Round table All the rooms have Aircon. All outside furniture to be included in the sale. Except 2 white chairs on deck The Bar furniture will also remain. (We don t have a liquor License) All rooms exclusive of linen. 6

7 AERIAL 7

8 IMAGES 8

9 NOTES 9

10 JOIN US AGAIN FOR OUR NEXT PROPERTY AUCTION 24 AUGUST 11AM AT THE DURBAN COUNTRY CLUB EXCEPTIONAL SERVICE FROM EXCEPTIONAL PEOPLE OR VISIT OUR WEBSITE W W W. I A N W Y L E S. C O. Z A FOR MORE INFO AND UPDATES ON PROPERTY AND ASSET AUCTIONS EXCEPTIONAL SERVICE FROM EXCEPTIONAL PEOPLE 10

ON AUCTION 12 MINERVA DRIVE CHELMSFORDVILLE, GILLITTS, DURBAN 4 BEDROOM FAMILY RESIDENCE

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