LIQUIDATION AUCTION OF PRIME PROPERTIES LOCATED IN THE SOUGHT AFTER AREA OF PIETERMARITZBURG RESIDENTIAL PROPERTY AUCTION IN PIETERMARITZBURG, KWAZULU-NATAL AUCTIONED BY PETER MASKELL AUCTIONS CC

Timed online auction: https://bidlive.maskell.co.za/ 

Bidding opens on Wednesday, 6 Nov. 2024 at 10h00 & closes *from 10h00, Thursday, 7 Nov. 2024

*Online Auction Notes: 

• If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min

• If any further bidding occurs, the extension timer will reset to 10 min.

• If no further bidding activity occurs, the lot closes when the timer runs out.

Portion 2 of Erf 2302 Pietermaritzburg: 27 Pietermaritz Street, Pietermaritzburg - A single storey residential dwelling converted into a supermarket. There is an additional area which has been added to the front of the existing building which is currently been used for extra space for the supermarket. The property has numerous improvements comprising of individual rooms to let. 

Consolidated Erven (under Portion 7 of Erf 2302 Pietermaritzburg): 2 Portion 6 (of 5) of Erf 2302 Pietermaritzburg: 20 Hoosen Haffejee Street; Remainder of Portion 5 of Erf 2302 Pietermaritzburg: 22 Hoosen Haffejee Street; Remainder of Erf 2302 Pietermaritzburg: 24 Hoosen Haffejee Street - This property is Improved by 2 single storey residential dwellings converted to individual rooms to let with other outbuildings at the rear of the property converted into rooms. Undercover parking available.

Portion 5 of Erf 2301 Pietermaritzburg: 101 Pine Street, Pietermaritzburg; Portion 4 of Erf 2301 Pietermaritzburg: 101 Pine Street, Pietermaritzburg - This property is a single storey residential dwelling converted into individual rooms to let with other various outbuildings at the rear of the property that have also been converted into rooms that are available to let individually. 

Portion 1 of Erf 2301 Pietermaritzburg: 10 Hoosen Haffejee Street, Pietermaritzburg - This is a corner site, single storey residential property which has been converted into individual rooms to let with other various rooms located behind the original dwelling that are available to let individually.

IMPORTANT NOTE: Due to the age of the improvements, the older improvements on all the properties will be subject to AMAFA Regulations and any future alterations or development of these buildings or sites may be subject to the approval of Amafa/Heritage Board KZN. 

Terms: 

• R50,000 buyer's card deposit payable by EFT 

• FICA to be provided 

• “Above subject to change without prior notice 

• Sale is subject to confirmation 

• E&OE 

• *Bidding is subject to Automatic staggered ending times

Buyer’s costs and liabilities

• VAT or Transfer Duty shall be applicable;

• 15% deposit on the purchase price payable on fall of hammer by successful bidder;

• 6% + VAT auctioneer’s commission is payable by successful bidder on fall of hammer;

• Occupation and possession of the property will be given by the seller to the purchaser on date of registration of transfer;

• Should occupation be prior to transfer, the Purchaser shall pay Interest to the Seller from the date of occupation until date of registration of transfer - The monthly interest shall be 12% per annum of the purchase price;

• The PURCHASER shall at his own cost obtain all compliance certificates (as applicable) and any further or additional documentation for effective registration of transfer or occupation of the property.

• The sale is subject to the seller confirming his acceptance of the sale within 14 working days;

• The Seller in no way gives warranty that the Purchaser shall obtain vacant occupation, on the date of occupation.