april, 2024

16apr10:00 amON-SITE AUCTION - RESIDENTIAL PROPERTY WITH SUBDIVISION APPROVAL, HEATHER PARK, GEORGE

Event Details

AUCTION RESULTS

Auction 1 –  Property of ±1500m² with 5-bedroom dwelling fetched R 3 250 000 plus 6.9% auctioneer’s commission on auction.

Auction 2 –  Property of ±1000m² with 2-bedroom cottage fetched R 1 800 000 plus 6.9% auctioneer’s commission on auction.

The period for higher offers closes on 23 April 2024 at 12:00 noon. Contact Daniel van Schalkwyk 083 255 4245 for more information. 

 

Duly authorised, we will sell the following property by PUBLIC AUCTION, on-site

This well-located corner stand of 2538m² in the leafy neighbourhood of Heather Park, is currently improved with two dwellings.

Subdivision of this erf is approved by the George Municipality in terms of Section 60 of the George Municipality: Land Use Planning By-Law (2015). All costs relating to effect the subdivision(s) will be for the Seller’s account. Subdivision(s) will simultaneously take place with registration of transfer.

The two erven (after subdivision) measure ±1537m² and ±1002m² respectively, with approval to build a second dwelling on each of these erven.

Several possibilities for the new owner are on offer. For the developer, the opportunity lies in the subdivision creating two erven and future construction of additional dwellings for resale and/or letting of two stands.

For the owner/developer, the opportunity to occupy a well-located dwelling, with rental income from additional dwellings.

For owner/developer: the 5-bedroom, 5-bathroom dwelling offers perfect opportunity for guest house or rental accommodation of separate rooms, for communal living, ideal for young working individuals, students, single retirees etc.

Auction date: Tuesday, 16 April 2024
Time: 10:00
Venue: on-site, cnr of Witfontein and Aalwyn Road, Heather Park, George

Auction proceedings:

1) Auction 1 – PROPERTY (1537m²) WITH 5-BEDROOM DWELLING & APPROVAL FOR 2ND DWELLING

2) Auction 2 – PROPERTY (1002m²) WITH NEAT 2-BEDROOM COTTAGE & APPROVAL FOR 2ND DWELLING

3) Auction 3 – PROPERTY (2538m²) WITH 2 EXISTING DWELLINGS, APPROVAL FOR SUBDIVISION & THE BUILDING OF 2 ADDITIONAL DWELLINGS

Please click on the link to download the auction information brochure AUCTION BROCHURE

 

Approved subdivision plans and diagrams:

 

AUCTION 1
Property description
“Remainder” of Erf 608 George (as per approved subdivision plan)
Extent:1537m²

Current improvements 
Dwelling (±356m²) with Heritage Status comprising
• 5 bedrooms
• 5 bathrooms
• Kitchen
• Laundry
• Dining room
• Lounge with built-in fireplace
• Double garage

Approved 2nd dwelling to be built
• Granny flat (±126m²)
• Single garage (±23m²)
• Open patio (±14m²)
• Separate entrance from Aalwyn Road

This property is vacant.

AUCTION 2
Property description
“Portion A” of Erf 608 George (as per approved subdivision plan above)
Extent:1002m²

Current improvements
Granny flat (±115m²) comprising
• 2 bedrooms
• 1 bathroom
• Open plan kitchen / living area
• Single carport

Approved 2nd dwelling to be built
• Dwelling (±136m²)
• Double garage (±41m²)
• Covered patio (±19m²)
• Separate entrance from Aalwyn Road

This property is tenanted with a monthly rental of R 6 700.

AUCTION 3
The combination of Auction 1 and Auction 2 : A property of 2538m² with approval for subdivision into two erven, each erf already improved with a dwelling, together with approved plans to further build a second dwelling on each.

Municipal information on property prior to subdivision
• Municipal Rates & Taxes: ± R 1427 pm
• Municipal services: ± R 2900 pm
• Municipal Valuation R 3 160 000

Enquiries
Viewings – please contact the office for dates and times, or revisit the website for updates
Auctioneer Daniel van Schalkwyk 083 255 4245
Lize van Rensburg 082 352 8992
Office in George 044 878 2877

Summary of Auction Conditions of Sale
• Purchaser pays 10% deposit & 6% commission (plus VAT) on day of auction.
• There will be a period for higher offers after the auction. One confidential higher offer per purchaser is allowed after the auction, which will close on 23 April 2024 at 12:00 noon. Any offer made after the auction will only be regarded as a valid offer if the deposit and auctioneer’s commission have been paid and cleared into the auctioneer’s bank account and the offeror has signed the Conditions of Sale before April 23rd at 12:00 noon. The sale shall be subject to confirmation by the Seller by 25 April 2024; however the Seller may accept or decline the offer before 25 April 2024.
• The highest bidder will be held bound to his bid until 25 April 2024.
• Balance of the purchase price is payable against registration of transfer.
• The Purchaser shall within 30 days of acceptance of this offer by the Seller, furnish the Seller’s Conveyancers with a guarantee by a registered financial institution and acceptable to the Seller, for the payment of the balance of the purchase price.
• TRANSFER DUTY payable by the purchaser on the purchase price.
• OCCUPATION and POSSESSION of the property shall be given by the Seller to the Purchaser on the date of registration of transfer into the name of the Purchaser, when all benefit and risk in the property shall pass to the Purchaser.
• All conveyancing work in connection with the transfer of this property shall be
effected by the Seller’s attorneys. All costs to the giving and taking of transfer and
registration will be paid for by the Purchaser.
• Property sold VOETSTOOTS

Enquiries
Auctioneer Daniel van Schalkwyk 083 255 4245
Office in George 044 878 2877

 

Time

(Tuesday) 10:00 am

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