2 Cathkin Peak South, 10 Goerge Street
- MR483001
Up to R 400,000
2 Cathkin Peak South, 10 Goerge Street - MR483001
Sectional Title in Windsor, Johannesburg - Central West, Gauteng
Up to R 400,000
Sheriff Auction
Conditions of sale at a sheriff auction:
A sale agreement is signed by the sheriff and the buyer. The buyer's responsibilities include:
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Paying a deposit of 10% of the purchase price in cash or a bank guaranteed cheque, immediately on buying.
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Paying commission on date of purchase by the buyer.
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Guarantees for the balance of the purchase price, together with interest within 14 or 30 days
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The buyer is responsible for the payment of any outstanding levies, water and electricity, rates and taxes.
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The buyer is responsible for occupation of the property
A sale in execution is a public auction held by a Sheriff of the Court. This means a court order has been
obtained by us to attach and sell the property to recover the money that has not been repaid on a home
loan. We cannot accept or decline offers on these properties as we are not the legal owners.
These properties are advertised in the Government Gazette as well as in any two local newspapers
distributed in the area in which the property is situated. We also market these properties to estate
agents and the public.
The purchaser shall immediately on demand pay the sheriff's commission calculated as follows:
- 6% on the first R100 000.00, and
- 3.5% on R100 001.00 to R400 000.00, and
- 1.5% on the balance of the proceeds of the sale,
subject to a maximum commission of R40 000.00, plus VAT, in total and a minimum of R3 000.00, plus VAT, (inclusive in all instances of the sheriff’s bank charges and other expenses incurred in paying the proceeds into his or her trust account).
Notes about this property by MyRoof
This sectional title is for sale in Windsor. This is a FNB SIE Sale In Execution Property .
Continue reading...This single storey sectional title floor area was not measured but the erf size was measured at 991m2.
This sectional title has monthly rates or ground taxes payable to the amount of R 704 and a monthly levy of R 171.
To buy this property you need to be present at the Sheriff auction as indicated when
clicking the "Contact Details" button.
Many people buy bank private properties because they are priced right and offer great
value for money.
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