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Deceased Estate – Two Bedroom Apartment in Germiston on Auction!

Auction Date:
Sat 02 Aug 2025 12:00

Viewing:
Sat 02 Aug 2025, 11:00 - 12:00.

Venue:
1104 Lake Club Apartments, William Hills Avenue, Denlee, Germiston.

Property Information:
  • Apartment Size: 91 m²
  • Bedrooms: 2
  • Bathrooms: 2
  • Open plan lounge & dining room, with stunning lake view
  • Modern Kitchen
  • Communal amenities: Swimming Pool, Braai areas, Tennis court & Parking
  • 24 Hour Security
  • Levy: R2 550.25 per month (water included)

Terms and Conditions:

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  • Viewing will be available 1 Hour Prior to the Auction.
  • REGISTRATION/BIDDING DEPOSIT OF R5 000.00 EFT (ELECTRONIC FUNDS TRANSFER). REFUNDABLE FOR UNSUCCESSFUL BIDS ONLY. FOREIGN NATIONALS ARE REQUIRED TO PAY A R20 000.00 DEPOSIT. PLEASE NOTE THAT BIDDING DEPOSITS FOR UNSUCCESSFUL BIDS WILL BE REFUNDED BETWEEN 7 AND 10 BUSINESS DAYS AFTER AUCTION.
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  • A DEPOSIT AMOUNT OF 10% OF THE PURCHASE PRICE, OR SUCH AMOUNT AS AGREED TO PER THE AGREEMENT OF SALE / OFFER TO PURCHASE SHALL BE PAYABLE ON FALL OF THE HAMMER, OVER & ABOVE THE AMOUNTS PREVIOUSLY
    OUTLINED HEREIN.
  • ALL REGISTRATION PAYMENTS TO BE MADE BY EFT PRIOR TO COMMENCEMENT OF AUCTION (NO CHEQUES WHATSOEVER ACCEPTED).
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  • BID RIGGING AND COLLUSSION IS A CRIME AND A VIOLATION OF ANTI-TRUST LAWS AND WILL NOT BE TOLERATED. ANYONE FOUND ENGAGED IN THIS ACTIVITY WILL HAVE THEIR BIDDING PRIVILEGES PERMANENTLY REVOKED AND WILL BE REPORTED TO THE AUTHORITIES WHICH COULD RESULT IN PROSECUTION.
  • ANY PERSON/COMPANY BUYING MORE THAN ONE ASSET IS RESPONSIBLE FOR PAYMENT OF ALL THE ASSETS PURCHASED.
  • EACH AND EVERY LOT WILL BE SOLD AS IS, WHERE IS, WITH NO GUARANTEES OR WARRANTIES, EXPRESS OR IMPLIED. ALL INFORMATION REGARDING THE LOTS IN THE CATALOGUE ARE STATEMENTS OF OPINION ONLY AND SHALL NEVER IMPLY ANY GUARANTEES AS TO THE CORRECTNESS OF ANY INFORMATION SUPPLIED EITHER VERBALLY OR IN WRITING ABOUT ANY LOT. THE BUYER IS RESPONSIBLE FOR CHECKING THE GOODS AND IN MAKING A BID SHALL BE DEEMED TO HAVE MADE HIMSELF FULLY ACCQUAINTED WITH THE GOODS FOR WHICH HE/SHE BIDS.
  • THE SELLER ACKNOWLEDGES THAT ALL CURRENT AND OUTSTANDING RATES & TAXES AND OTHER MUNICIPAL ACCOUNTS, AS WELL AS ANY SECTIONAL SCHEME & ESTATE LEVIES ARE HIS/HER/ITS RESPONSIBILITY & WILL BE SETTLED AS PART OF THE SALE.
  • THE SELLER SHALL, IF REQUIRED, AT HIS/HER/ITS EXPENSE OBTAIN A NEW ELECTRICAL CERTIFICATE OF COMPLIANCE ACCORDANCE WITH THE REGULATIONS UNDER THE MACHINERY AND OCCUPATIONAL SAFETY ACT OF 1993 (ACT NO: 85 OF 1993) AND ANY OTHER COMPLIANCE CERTIFICATES THAT MAY BE REQUIRED, INCLUDING BUT NOT LIMITED TO GAS INSTALLATION, ELECTRIC FENCE, BOREHOLE & BEETLE INFESTATION.
  • THE PROPERTY WILL BE SOLD TO THE HIGHEST BIDDER (HEREIN REFERRED TO AS THE PURCHASER) BUT SUBJECT TO CONFIRMATION OF ACCEPTANCE BY THE SELLER AS OUTLINED & AGREED IN THE AGREEMENT OF SALE / OFFER TO PURCHASE. THE PURCHASER IS UNCONDITIONALLY AND IRREVOCABLY BOUND TO HIS/HER/ITS BID. THE AGREEMENT OF SALE / OFFER TO PURCHASE SHALL BE CONCLUDED & SIGNED BY THE HIGHEST BIDDER ON CONCLUSION OF THE AUCTION, ON THE DAY THEREOF.
  • THE HIGHEST BIDDER SHALL IMMEDIATELY, ON CONCLUSION OF THE AUCTION, SIGN THE CONDITIONS OF SALE AND MAKE PAYMENT FOR THE AGREED DEPOSIT AND BUYER’S PREMIUM (AUCTIONEERS COMMISSION) PLUS VAT AS PROVIDED FOR IN THE COMMISSION OF SALE.
  • IN THE EVENT OF A DISPUTE ARISING REGARDING A BID OR BIDS MADE, THE AUCTIONEER RESERVES SOLE DISCRETION TO PUT THE PROPERTY UP FOR AUCTION AGAIN WITH THE OUTCOME OF THE EXISTING AUCTION BEING NULL & VOID.
  • ALL GOODS ARE SOLD WITHOUT ANY WARRANTIES WHATSOEVER AND THE ASSET SUPPLIERS AND AUCTION OPERATION ARE NOT LIABLE TO DISCHARGE THE DUTY OF REPAIRS.
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  • NO CANCELLATIONS OF PURCHASES ARE PERMITTED.
  • ALL CUSTOMERS, BUYERS AND PERMANENT BUYERS MUST REPORT AND SIGN-IN ON AN ATTENDANCE REGISTER ON THE DAY OF AUCTION

APPLY FOR AUCTION FINANCE.


1 - 1104 LAKE CLUB APARTMENTS- WILLIAM HILLS AVENUE- DENLEE- GERMISTON -Apartment Size: 91 m² -Bedrooms: 2 -Bathrooms: 2 -Open plan lounge & dining room, with stunning lake view -Modern Kitchen -Communal amenities: Swimming Pool, Braai areas, Tennis court & Parking -24 Hour Security -Levy: R2 550.25 per month (water included). CONDITION: PLUS 10% BUYERS PREMIUM PLUS 15% VAT ON PREMIUM
 

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