PROPERTY AUCTION BACHELOR UNIT UNIT NO. 8 SS STIRLING COURT 163 ANTON LEMBEDE ROAD, DURBAN Wednesday 21 September 2016 @ 11:00 am Venue: The Durban Country Club, 101 Isaiah Ntshangase Road, Durban Jared Van Heerden 082 076 2949 Viewing by Appointment only Terms & Conditions R50 000 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
CONTENTS Property Summary Locality Maps Pictures Additional Information Auction Information Deposit 10% 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 04 October 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: 450126 Account Number: 1050653718 Reference: Use Name and Property Address 2
INFORMATION General Property Address Section 8 SS Stirling Court,163 Anton Lembede Road, Durban Title Deed Information Title Deed Number ST56301/2007 Title Deed Description Section 8 of the scheme SS Stirling Court (92/1997) Extent 44m 2 Durban, Ethekwini, Kwazulu Natal Locality The subject property is located within the Durban CBD area. It is in close proximity to the Durban Harbour, South Beach beachfront, Durban ICC and The Workshop Shopping Centre. 3
INFORMATION Improvements This unit has been renovated, floors have been tiled and window and doors have been replaced with aluminium. This unit comprises of: 1.5 Bedrooms Open plan living Kitchen Bathroom With the option to keep on long standing tenant Safe and secure block with fingerprint access and 24hr security Condition The property is in fair condition. Please note that we have not undertaken a structural survey nor have we arranged for tests of inspections of the service installations. Seller Vat Status The Seller is not Vat registered. Vat will not be applicable to the purchase price. Leases The subject unit is currently occupied with a rental income of R3800.00 per month. The current lease expires on the 30 August 2016 with option to extend the lease and increase the rental income by 8%. Expenses Monthly Rates: ± R102.20 Monthly Levies: ± R883.00 the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person 4
AERIAL Section 8 SS Stirling Court,163 Anton Lembede Road, Durban 5
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