PROPERTY ON AUCTION OPPORTUNITY NOT TO BE MISSED!!!!! 3 BEDROOM CLUSTER IN Unit 17 Loudoun Lane l, JOHANNESBURG Auction Date & Time: Saturday, 2 July 2016 11H00 Venue: On Site Unit 17 Loudoun Lane, Loudoun Road, Morningside, Johannesburg Auctioneer: Tim Varenzakis 082 371 1069 Show Days: WH Auctioneers Properties (PTY) Ltd Sunday 12 June 2016 14h00 to 16h00 Sunday 26 June 2016 14h00 to 16h00 578 16 th Road, Randjespark, Midrand Tel: 0115745700 www.whauctions.com Contact for further info: Joshua Pelkowitz Cell: 072 536 5482 Email: joshuap@whauctions.com Daniel Pelkowitz Cell: 072 360 7510 Email: danielp@whauctions.com
Index 1. Guidelines for the Auction Page 3 2. General Page 4 3. Title Deed Information Page 4 4. Property Description Page 4 5. Site Photographs Page 5 6. Levy Statement Page 7 7. Municipal Accounts Page 8 8. Lease Schedule (Abridged) Page 9 Page 2
1. GUIDELINES FOR THE AUCTION Auction date & venue: Saturday, 2 nd of July 2016 @ 11am at 17 Loudoun Lane, Morningside, Johannesburg. Registration: Bidders can register any time prior to the auction or from 10am to 11am on auction day at the property. Identity document and FICA documents required. All potential buyers need to lodge the required registration fee (R50 000), by bank guaranteed cheque or EFT. No cash will be accepted. Banking info will be provided when requesting registration forms. Once registered each buyer will be issued with a buyer s card reflecting a buyer s number. Signature of the registration form means you have acknowledged and accepted the Terms and Conditions as set out in the Rules of Auction. Buyers will bid by raising hands, nodding or glancing at the auctioneer. Registration Fee: R50 000.00 (Refundable to unsuccessful bidders) Deposit: 21.4% of Hammer Price. Confirmation period: 7 Business days. Guarantees: Balance of the purchase price payable within 21 business days after confirmation of sale. The bid price excludes the buyer s premium which is payable over and above the hammer price. Example: Bid Price: R 100 000.00 Buyer s Premium: 10% on bid price equating to R 10 000.00 plus VAT on the Buyer s Premium VAT on Buyer s Premium: R 1,400.00 Total Purchase Price R 111 400.00 The auctioneers have the right to bid on the auction up to a reserve price as mandated by the seller. When the auctioneer knocks down the property to the highest bidder the successful buyer will sign the Conditions of Sale and comply with all the terms laid out within the agreement. A deposit of 21.4% is payable on the fall of the hammer. This is made up of the Buyer s commission 10% plus VAT = 11.4% and 10% deposit on the property price The deposit is payable by way of a Bank Guaranteed cheque or electronic fund transfer. The deposit and buyer s premium are deposited into the WH Auctioneers Trust account. For queries contact: Joshua Pelkowitz: 072 536 5482 Daniel Pelkowitz: 072 360 7510 WH Auctioneers offices: 011 574 5700 Page 3
2. GENERAL Property Address: Erf & Suburb & City: Unit 17 Loudoun Lane, Loudoun Road, Morningside, Johannesburg Portion 17 of Erf 8 Northernacres, Morningside, Johannesburg, Gauteng. 3. TITLE DEED INFORMATION Deeds Office: Pretoria Title Deed No.: T98719/2008 Zoning: Residential Erf Size: 405.00m 2 Floor Size: Approx. 472.00m 2 4. PROPERTY DESCRIPTION Double volume design with an excellent architectural touch, mixing glass and steel in perfect harmony with an emphasis on space and a focus on entertainment. 3 large bedrooms, all En-Suite with 4 reception rooms and a pyjama lounge, covered tiled patio and pool also including staff accommodation and double garage. Additional features include: - Study - Kitchen - Guest Toilet - Pool - Patio - Well maintained Garden - Staff Accommodation - 2 Motorised Garages Rates: R2100.00/month Levies: R1850.00/month 24hr secured complex, close to Crawford and Redhill schools and 1km from Sandton CBD. Ideal lock up and go, small garden - low maintenance. There is a tenant currently occupying the property. The lease expires on 31 July 2016. See abridged lease schedule below. Page 4
5. SITE PHOTOGRAPHS Page 5
Page 6
6. LEVY STATEMENT Page 7
7. MUNICIPAL ACCOUNTS Page 8
8. LEASE SCHEDULE (ABBRIDGED) Page 9