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KEMPTON PARK EXT 2 - RESIDENTIAL PROPERTY, DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

ON SITE AUCTION - KEMPTON PARK EXT 2 - HOUSE WITH 10 RENTAL ROOMS

DESCRIPTION:

ON SITE AUCTION

KEMPTON PARK EXT 2

HOUSE WITH 10 RENTAL ROOMS

RE : DIVISION OF JOINT ESTATE

MASTER OF THE HIGH COURTS REF NO : GP/RANRC/757/2023

Duly instructed by the Receiver and Liquidator in the divorce matter of Ledwaba Vs Ledwaba we will sell the following fixed property entirely without reserve:

TERMS:

Property:

  • A registration equivalent to R50 000-00 strictly by way of EFT Day prior to the auction sale or morning of sale. Then a balance of 10% of the purchase price within 24 hours from date and time of sale.
  • Guarantees for balance of purchase price within 60 days from date of confirmation.
  • FICA Requirements in order to register

Private Bidding :

  • Certified Copy of proof of residence – not older than 3 months
  • Certified copy of ID.

Company Bidding :

  • Certified copies of current proof of home address of each member
  • Certified copies ID Document of each member
  • Representatives of a company must have a proxy letter and proxy’s ID
  • Certified copy of proof of business address
  • Certified copy of CK1
  • Certified copy of CIPRO
  • Certificate copy of SARS certificate

PLEASE NOTE WITHOUT THE ABOVE FICA DOCUMENTS AND DEPOSIT YOU CANNOT REGISTER AND WILL THEREFORE NOT BE ABLE TO BID.

All of the above is subject to change without prior notice.

FEATURES:

Fixed Property:

This income producing house comprising of 10 rental rooms, with a gross rental income of R 27 800-00. Constructed of brick and mortar under tiled roof with great potential to acquire a steady stream of income from tenants who are all up to date on their rentals with rentals being collected by one Manager. The property does require maintenance and minor repair work but would nonetheless create a great Investment opportunity.

The property is well situated in Kempton Park Ext 2 and is within close proximity to all major hospitals, shopping centers, schools, places of worship and all other necessary amenities.

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