Portion 12 of Erf.5804 Northmead Ext.14 Unit 12 Kinabalu Complex, Dahlia Street IN LIQUIDATION :- ROADLINE CONSTRUCTION (PTY) LTD. Masters Reference G2398/09 Date : 30 November 2012 @ 10h30 Venue : On Site Contact : Grant 082 850 5175 / 011 872 1890 grant@cagp.co.za www.consolidatedauctioneers.com Terms & Conditions : No cash will be accepted on site. R25,000.00 refundable deposit on registration. Strictly bank cheque or EFT. 16.84 % deposit on fall of hammer and balance in suitable guarantees within 21 days of confirmation of sale. All above subject to change without prior notice. Further FICA requirements and Rules of Auction are contained in this Fact Sheet.
Content :- Attachments ;- 1. Property Detail 1. Photo Sheet 2. Improvements 2. Locality Map 3. Macro Area 3. SG Diagrams 1. PROPERTY DETAIL Legal Description : Portion 12 of Erf.5804 Northmead Extension 4 Address : Unit 12 Kinabalu Complex, Dahlia Street Land Size : 565 m² Zoning : Residential Local Authority : Ekurhuleni Metropolitan Municipality Province : Gauteng Registration Division : IR Deeds Registry : Johannesburg Title Deed No. : T5763/2008 (not inspected) Endorsements : ABSA Bank Limited Municipal Valuation : R1,743,000.00 01 July 2008 2. IMPROVEMENTS Description - In Extent 565 m² - The Site is Freehold - The site is improved by a double storey residential structure with double garaging and servants quarters. - Pan Handel stand with a slight northern gradient and of regular shape. - All Municipal Services are connected and in working order Improvements Double level residential dwelling constructed of a portal frame with plaster and painted brick infill under a pitched timber framed Harvey tiled roof with wooden window and door frames. Internal finishes comprise plaster and painted brick walls with ceramic floor tiles to high traffic areas and wood laminate to main bedroom, under plaster and painted Rhino Board ceilings with recessed and suspended lighting. Brick paved driveway leading to double automated garaging. The garden is landscaped and well established.
Accommodation Ground Floor Entrance / Foyer 1 Guest WC 1 Lounge 1 Dining Room 1 Kitchen 1 (Quality materials, fitted appliances and a scullery) Study 1 Upper Level Bedrooms 3 Main En-Suite with Dressing Room, second on-suite with BIC and third with BIC Bathrooms 3 Additional Features Security - Double automated garaging. - Air Conditioning to Study, Lounge and Main Bed Room - Serviced servants quarters with separate entrance - Under floor heating to Main Bedroom - Enclosed entertainment area with built in Gas Braai. 1. Three meter perimeter wall with electrified fencing. 2. Internal alarm system linked to Armed Response 3. The property falls within a security estate and is access controlled by 24 hour security with automated gate access control. Condition Property is in a good state of repair. Although no structural integrity test was performed, no structural defects were noticeable on day of inspection.
Servitudes No adverse noted and Standard for :- - Electrical - Sewer Location The property is within a Gated Community of 36 Units in a complex called Kinabalu. Architectural design is of Bali style. The entire complex has a 4 meter perimeter plaster and painted brick wall with electrified fencing. Access is security gate controlled. Well located within Northmead, and within close proximity to all amenities. The property is easily accessed and is within an established residential node. 3. Micro and Macro The property is located East of Great North Road north of Oak Street and west of High Road. Access is considered good. Well located within close proximity to all amenities. The upgrading of the road infrastructure has created an improved network linking the northern, southern and eastern suburbs to Johannesburg. The immediate area has seen increased retail, commercial and residential development. The subject areas proximity to major Industrial sectors including Benoni, Pomona, Jet Park, Isando and Spartan, favor future and further development. The sectors main industries include manufacturing, bulk storage, engineering, transport and commercial. Northmead Benoni is one the Eastern Commercialn and Residential nodes of Johannesburg located in close proximity to OR Tambo International Airport, and approximately 30-minutes from Johannesburg CBD.
FICA Requirements All bidders are required to register for the auction. Please ensure you comply with the underlying FICA documentation when registering. A. Purchasing in private capacity :- Valid ID Document or Certified Copy thereof Utility Bill or other proof of residence B. Purchasing on behalf of a Company, CC or Trust Certified Copy of the Resolution passed by the Company, CC or Trust authorising you to bid on their behalf and to execute all documents and instruments relating to the auction. The Resolution is to be accompanied by a letter of authority on the letterhead of the company. C. Purchasing for or on behalf of a third party :- A signed letter of authority from the third party, giving you authority to bid on their behalf
Rules of Auction Venue of Auction : Date and Time of Auction : 1. The rules of auction comply with Section 45 of the Consumer Protection Act, Act 68 o f 2008 ( the Act ). 2. The sale by public auction is subject to a reserve price. 3. The Auctioneer or his agent shall be entitled to bid up to the reserve price on behalf of the Seller, but shall not be entitled to make a bid equal to or exceeding the reserve price. 4. The following provisions are brought to your attention : Section 45 subsection 1, 2 and 3 of the Act provides :- 4.1 includes a Sale in Execution of or pursuant to a court order to the e xtent tha t the o rder c ontemplates tha t the s ale is to be conducted by an auction 4.2 When goods are put up for sale b y auction in lots, each lot is, unless t here i s e vidence t o t he contrary, r egarded t o be t he subject of a separate transaction. 4.3 A sale by auction is complete when the auctioneer announces its completion by the fall of the hammer, or in any other customary manner a nd unt il t hat a nnouncement i s m ade, a bi d m ay b e retracted. 5. The auction will commence at the published time and will not be delayed to allow any specific person or more persons to take part in the auction. 6. A person who attends the auction to bid on b ehalf of another person (i.e. on behalf of a company) must produce a letter of authority that expressly authorises him or her to bid on behalf of t hat pe rson. Where a pe rson i s bi dding on be half o f a c ompany t he l etter of authority must appear on the letterhead of the company and must be accompanied by a certified copy of the resolution authorising him or her to bid on behalf of the company. 7. Total A uctioneering S ales a nd S ervices C C, trading as C onsolidated A uctioneers ( Consolidated ) has a trust account into which all money will be paid for the benefit of the seller, minus any commission payable to Consolidated in terms of the Conditions of Sale that applies to the auction sale ( the Conditions of Sale ). INITIAL
8. The auctioneer will during the auction announce the reason for the auction unless that reason is the normal and voluntary disposal of property by the seller. 9. Anyone that intends to bid at the auction must register his or her identity on the bidder s record prior t o commencement of t he a uction a nd s uch r egistration m ust m eet t he requirements of FICA (Financial Intelligence Centre A ct, 2001) i n respect o f t he establishment a nd ve rification of i dentity of t he pe rson a nd t he pe rson m ust s ign t he registration entry. 10. The bidder s record and t he ve ndor r oll w ill be m ade a vailable for i nspection a t t he offices of C onsolidated dur ing nor mal bus iness hour s w ithout c harge of a f ee. T he bidder s record will also be available for inspection at the auction. 11. The conduct of the auction is subject to the control of the auctioneer who has the sole right to regulate the bidding procedure. 12. The sale shall be by the rise and the property shall be sold to the highest bidder subject to the auction rules and Conditions of Sale. 13. Every prospective bidder must read the Conditions of Sale and must not bid unless he or she has done so. 14. Every bid shall constitute an offer to purchase the property for the amount bid, which the seller or the auctioneer may accept or reject in their absolute discretion. The seller and the auctioneer a re e ntitled, i n t heir a bsolute di scretion t o w ithdraw t he p roperty from s ale prior to acceptance by the seller. 15. If no bi d equals or exceeds the reserve price, the property may be withdrawn from the auction. The seller shall be entitled to instruct the auctioneer to accept any lower bid. 16. In the event of any dispute between the bidders, the decision of the auctioneer shall be final and binding. 17. Any error by the auctioneer shall be entitled to be corrected by the auctioneer. 18. No bid may be withdrawn after the fall of the hammer until the expiry of the confirmation period that is provided for in the Conditions of Sale, during which time the offer shall be open for acceptance by the seller or his agent and if the offer is accepted, the sale shall be deemed to be a sale by auction for purposes of the Act. 19. The highest bidder ( the purchaser ) shall sign the Conditions of Sale immediately on the fall of the hammer. 20. The purchasers offer shall remain open for acceptance by the seller or by the auctioneer on be half of t he s eller, until e xpiry of t he c onfirmation pe riod. T he pur chaser and t he auctioneer acknowledge and agree that this provision is for the benefit of the seller. INITIAL
21. The purchasers offer shall be deemed to have been accepted only when the seller or the auctioneer, whichever may be applicable, has signed the Conditions of Sale on behalf of the seller in the space provided at the end of the Conditions of Sale and the seller shall not be required to notify the purchaser of the acceptance of its offer prior to expiry of the confirmation period. 22. Should the seller reject the purchasers of fer, t he auctioneer will repay t o the pur chaser any deposit and commission paid to it in terms of the Conditions of Sale. 23. In the event of the sale requiring the consent of any statutory authority or any court of law, then this auction sale is subject to the granting of such consent. 24. AUCTIONEERS COMMISSION The purchaser shall be liable for and pay, in addition to the amounts payable in terms of the C onditions of Sale, a uctioneers c ommission of 6 % (Six Per Centum) of his bi d, plus VAT t hereon, w hich c ommission shall be pa yable i nto the trust account of t he auctioneer immediately upon the seller signing t he Conditions of Sale as acceptance of the purchasers bid. I hereby certify that the auction rules to the best of my knowledge meet the requirements of draft regulation 27 AUCTIONEER AUCTIONEER FULL NAME/S : ADDRESS : CONTACT NUMBER/S : Registered Bidder / s : I have read and understood the rules of auction and have no objection to the rules of auction not being read out at the auction to be valid REGISTERED BIDDER / S