One Bedroom Apartment

Secure Estate, Great Amenities

Parkview – Klippoortje

192 Soetdoring Street l Klippoortje, Ekurhuleni

Sections 53 Parkview SS 284/2007 Held on Erf 192 Klippoortje AL

PROPERTY AUCTION

WH Auctioneers Properties (PTY) Ltd

578 16th Road, Randjespark, Midrand

Tel: 0115745700

www.whauctions.com

SEQUESTRATION

Insolvent Estate: Paphitis, PJ Master’s Ref. G59/19

Auction Date: Tuesday 11 August 2020 – 12pm

Venue: online @ www.whauctions.com

Auctioneer: Daniel Pelkowitz

Webcast bidding available

Due to COVID-19 only registered bidders will be allowed to bid live at the property. No onlookers or walk-ins

will be granted access. Sanitizer and face masks available at the auction. Alternatively, WEBCAST bidding is

available. See below for details. Viewing by appointment ONLY

Contact for further info:

Daniel Pelkowitz Cell: 072 360 7510 Email: danielp@whauctions.com

ONLINE BIDDING VIA WEBCAST

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Insolvent Estate

Index

1. Guideline to Auction Page 3

2. General Page 6

3. Title Deed Information Page 6

4. Locality Page 6

5. Description of Improvements Page 7

6. Financial Information Page 7

7. Site Photographs Page 8

8. Levy Statements Page 10

9. Lease Extract Page 11

10. Rental Invoice Page 13

11. Liquidation Documents Page 14

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Insolvent Estate

1. GUIDELINE FOR THE AUCTION

Auction Date & Venue: Tuesday 11 July 2020 @ 12:00pm Online – www.whauctions.com

Registration: Bidders can register at any time prior to auction or from 11am on auction day at the above-

mentioned venue. Identity and FICA documents are required in order to register for the auction.

All potential buyers are required to pay a registration fee of R25 000 in order to bid at the auction. This amount

can be paid either by bank guaranteed cheque or EFT into the Auctioneer’s trust account.

Cash will NOT be accepted at the venue.

Once registered each buyer will be issued with a buyer’s card reflecting a buyer’s number.

Upon signature of the registration documents, all buyers will have acknowledged and accept the Terms and

Conditions set out in the Rules of Auction.

Registration Fee: R25 000.00 (Refundable to unsuccessful bidders)

Deposit: 16.9% of hammer price

Confirmation period: 14 business days.

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 purchase price.

Example: Highest bid with buyer’s premium

Bid Price: R 1 000 000

Buyers comm. (6%) R 60 000

VAT on the Buyer’s Premium R 9000

Total Purchase Price R 1 069 000

The auctioneers have the right to regulate the bidding at the auction and to bid on behalf of the seller up to (but

not exceeding) the reserve price as mandated by the seller. When the auctioneer knocks down the property to the

highest bidder the successful bidder will sign the Conditions of Sale on the day.

A deposit of 16.9% is payable on the fall of the hammer. This percentage is made up of the commission

payable by the successful bidder of 6% plus VAT (namely, 6.9%) plus a 10% deposit on the purchase price

of the Property.

The deposit is payable by way of a Bank Guaranteed cheque or electronic transfer. The deposit and buyer’s

premium are deposited into the WH Auctioneers Trust account.

For queries regarding the properties on auction contact:

Daniel Pelkowitz: 072 360 7510

WH Auctioneers offices: 011 574 5700

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 4

Insolvent Estate

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 5

Insolvent Estate

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 6

Insolvent Estate

2. GENERAL

Property Address: Soetdoring Street, Klippoortje

Erf Details: Sections 53 SS Parkview 284/2007 on Erf 192 Klippoortje AL

Building Name: Parkview

3. TITLE DEED INFORMATION

Deeds Office: Ekurhuleni

Title Deed No. ST59596/2007

Unit Sizes: Section 53: 46m2

Zoning: Residential 4 VIDEO WALKTHROUGH

https://youtu.be/lOKhhfxDpFg

4. LOCALITY

The subject property is situated in Klippoortje which is a small residential suburb in Boksburg.

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Insolvent Estate

5. DESCRIPTION OF IMPROVEMENTS

The subject properties are located in the Parkview Sectional Title Scheme Development. The buildings are

designed as 2 storey walk-ups. The façade of the building comprises plastered and painted brickwork as well as

glazing.

The unit is located on the 1st floor. Access to the unit is gained via staircase.

Section 53: 1 Bedroom, 1 Bathroom, ground floor garden apartment measuring 46m2. The unit has its own

covered parking bay – bay 53.

The unit is a 1-bedroom 1-bathroom unit consist of a living area complete with open plan kitchen with granite

table. The main bedroom is large and complete with built in cupboards. The bathroom has a bath single vanity

and toilet. The bath does have a fitted shower head. The kitchen has granite counter tops, wooden built-in

cupboards, stove oven and extractor fan. Internal floors tiled, Walls are plastered and painted while ceilings are

painted concrete.

The unit has pre-paid electricity.

Parking

Every unit has 1 shade net parking bay. There are ample visitors parking bays onsite.

Site Access and Security

Access to the property is gained through motorised security gates and booms which are manned by 24hr

security.

Communal Facilities

The communal facilities include gardens, well-maintained swimming pool, garden as well as a communal braai

area.

Condition: The unit appears to be in a good condition. The building is kept very clean and neat and is

serviced. All maintenance and upkeep is managed by the owners directly. A structural survey

of the building has not been undertaken and will not form part of this report. All

structural and maintenance information are as per information provided by the owners

upon visiting the site.

6. FINANCIAL INFORMATION

The unit is occupied by a tenant subject to a 12-month lease – 1 January 2020 to 31 December 2020. The monthly

rental is R4300 including water but excluding electricity which is metered by a pre-paid electricity metre.

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Insolvent Estate

7. SITE PICTURES

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 9

Insolvent Estate

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 10

Insolvent Estate

8. LEVY STATEMENTS

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Insolvent Estate

9. LEASE EXTRACT

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 12

Insolvent Estate

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Insolvent Estate

10. RENTAL INVOICE

1 Bedroom Apartment – Parkview, Klippoortje

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 14

Insolvent Estate

11. LIQUIDATION DOCUMENTS