Highest offer received on auction was R2,675 000 + commission.
Period for higher offers ends on Thursday, 1 June @ 12:00. For more information, contact our office @ 044-8782877. 

Duly authorised by Rauch Gertenbach Trustees, the Joint Trustees of Insolvent Estate J.D & A. Buys, we will sell by PUBLIC AUCTION WITH WEBCAST FACILITY

COSY BEACH COTTAGE,

PATERNOSTER

Auction date  Friday, 26 May 2023
Time               10:00
Venue             on-site, 18 Die Kom, Seeduiker Street, Paternoster
Online            Webcast facility available for online bidding https://online.vanrensburgsauctions.co.za/#!/ 

Property description
Sectional Title Unit 18 in Sectional Scheme Die Kom (Scheme No. 66/2009), Paternoster
Measuring 84m²

Overview
Die Kom is a seafront sectional title complex in Paternoster. Die Kom is well-maintained and comprises 28 sectional title units in total. The cottage on auction has very good sea views.

Total improvements
• Cottage with covered stoep (±84m²)
• 1 x parking bay

Cottage of ±84m² comprises
• 2 bedrooms
• 2 bathrooms (each with shower & WC)
• Open plan kitchen / living room
• Covered stoep of ±15m²

Viewing dates:
Friday, 19 May @ 16h – 16h30
Thursday, 25 May @ 16h – 16h30

This cottage can be rented out on a short-term basis with the following rates potential.
High and Low season rates (received from Stay in Paternoster’s website):

RATES PER SEASON
MID (16/01/23 TO 30/04/23)
PER NIGHT (SUN-THU): R1,600
PER NIGHT (FRI, SAT): R1,850

LOW (01/05/2023 – 31/08/2023)
PER NIGHT (SUN-THU): R1,400
PER NIGHT (FRI, SAT): R1,700

MID (01/09/2023 – 14/12/2023)
PER NIGHT (SUN-THU): R1,600
PER NIGHT (FRI, SAT): R1,850

HIGH (15/12/2023 – 14/01/2024)
PER NIGHT: R2,500

Occupancy potential:
15 Jan – 30 Apr ’22 – 82.11%
1 Mei – 31 Aug ’22 – 64.37%
1 Sep – 14 Dec ’22 – 68.60%
15 Dec – 14 Jan ’23 – 95.24%
15 Jan – 30 Apr ’23 – 78.13%

Levies & Municipal information
• Click here to view the Municipal Rates & Taxes account: Paternoster municipal account
• Municipal Valuation: R 2 201 000 (01/07/2021)
• Levies: Levies account

* Levy fee includes: insurance, refuse removal, garden services, general maintenance on common property, audit fees, security & management fees.

Click here to download Die Kom Conduct rules: Die Kom – Conduct Rules 2019

Click here to download Die Kom Managenent rules: Die Kom – Management Rules 2019

The furniture will be included in the sale, click here to view the list: Estimated list of movables of Unit 18

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 & 7% 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 2 June 2023 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 June 2nd at 12:00 noon. The sale shall be subject to confirmation by the Seller by 16 June 2023; however the Seller may accept or decline the offer before 16 June 2023.
• The highest bidder will be held bound to his bid until 16 June 2023.
• 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