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SAIA - South African Institute of Auctioneers

VACANT LAND RESIDENTIAL FOR SALE IN RIVER VIEW DEVELOPMENT PROPERTY AUCTION IN WORCESTER, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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WORCESTER - DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

VACANT LAND RESIDENTIAL FOR SALE IN RIVER VIEW

DESCRIPTION:

28A Yssel Street River View Worcester

FEATURES:

Details:

Erf no: Ptn of Erf 1 (Yssel Street Thoroughfare)

Erf size: 422.61m²

Zoning: Residential Zone I

Special Conditions:

1. That the erf be offered to first time homeowners with the means to purchase and develop the property;

2. that all costs pertaining to the transaction be borne by the Purchaser, e.g. transfer costs, survey, connection fees of municipal services, rezoning, provision of services and a direct access road;

3. that the development of the erf be completed within two (2) years of registration and be included in the Deed of Sale;

4. that a suspensive condition in respect of the subdivision of the property be included in the Deed of Sale stipulating that the disposal of the property be made subject to approval of the subdivision (Town Planning) processes in terms of land use planning legislation;

5. A reversion condition be registered against the Title Deed and that the subject property to be utilized for Residential Zone I purposes only and should the Purchaser fail to erect a building within two (2) years from date of registration and not use the property as specified, the erf will revert back to the Municipality free of charge;

6. that the Purchaser will be responsible for the payment of all municipal services including rates and taxes in respect of the property following transfer of the property; and

7. that the Deed of sale is subject to the relevant internal comments and the right be reserved to supplement internal comments.

Registration requirements:

• Proof of address (not older than 3 months)

• Copy of ID

Payment terms:

2.5% Deposit & 2.9% Commission (excl. VAT on fee), Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.


 
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