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					                     PROPERTY FACT SHEET
         Section 8 of Sectional Scheme Cest-Si-Bon
                        (no.101/1994)
          Main Road, Shelly Beach, Margate




Date                   : 17 November 2012 @ 10h30
Venue                  : 10 President Street, Germiston
Contact                : Dayle 0725603157/0312630108
Terms & Conditions     :   No cash will be accepted on site. R25,000.00 refundable deposit on
                           registration. Strictly bank cheque or EFT. 16.84% deposit on fall of hammer
                           and balance in suitable guarantees within 21 days of confirmation
                           of sale. All above subject to change without prior notice.
                       PROPERTY FACT SHEET
Content :-
Property Detail
General
Improvements
Locality Map– Macro and Micro Area


PROPERTY DETAIL
Property Type                : Sectional Title Unit
Unit Number                  : 8/ door 63
Scheme Name                  : Cest-Si-Bon
Scheme Number/Year           : 101/1994
Situated At                  : Shelly Beach, Margate
Local Authority              : Margate Transitional Local Council
Province                     : Kwazulu-Natal
Extent                       : 95.0000SQM
Title Deed Number            : ST3909/1994




IMPROVEMENTS
Description
       -      The subject property is in a gated complex
       -      The property is well maintained with a low maintenance garden
       -      Property is managed by Crawford & Company


Construction / Accommodation
The property is constructed of Brick, Plastered, with Clay Roof Tiles, Wooden Window and Wooden
Door Frames.
                         PROPERTY FACT SHEET
Property consists of the following:

Small Semi Open Plan Kitchen/Lounge
2 Bedrooms
1 En-suit
1 Full Bathroom
Single Lock Up Garage

Features
BIC
Pool in Complex

Annual Rates: R5665.53

Levy: R626.15

Security
Gated Complex
Access Controlled Security Gates
24hr Security Guards

Condition
Fair

Servitudes
No adverse noted and Standard for:-
       -       Electrical
       -       Sewer
       -       Road
       -       Railway

Best Use
Starter Family Home/Young Couple/Investment for Rental Option/Holiday Home
                      PROPERTY FACT SHEET

Macro Area

    Shelly Beach is nestled between Port Shepston and the Wild Coast Sun on the Kwazulu Natal
    South Coast.
    The facilities and infrastructure is everything that you would expect from one of South Africa’s
    tourist destinations, with banks, hospitals, communications, restaurant, hotels, accommodation
    ranging from luxury to budget, golf estates to camping grounds are on a par with the rest of South
    Africa.
    A rich and varied arts and crafts route attracts visitors from far and wide, while the upmarket
    shopping centres and malls have all the latest gear on sale including movie houses and franchised
    restaurants.
    The beaches are the main attraction to the South Coast, besides golf –
    Endless bays, beaches and coves stretch on forever, against a back drop of the lush subtropical
    vegetation.
    There are busy holiday towns and commercial centres, but in between there is plenty of space for
    those who prefer enjoying the quiet life.
    Every year in June/July massive shoals of sardines migrate along the coast, attracting visitors
    from around the world and locals alike to experience this unique marine phenomenon.
    The South Coast enjoys a warm, subtropical climate with temperatures averaging 23.70C.
    Winter temperatures rarely fall below 100C and summers rarely exceed 270C.
    The rainy season is from October to March.
    In summer sea temperatures are in the low 20s and seldom drop below 190C
    Subject property close to all amenities
             PROPERTY FACT SHEET
SG DIAGRAM
PROPERTY FACT SHEET
       Google Image




       Locality Map
            PROPERTY FACT SHEET




Kitchen                 Lounge




Bedroom 1              Bedroom 2




Bathroom               Toilet
                        PROPERTY FACT SHEET

                               “FICA” Requirements

All bidders are required to register for the auction.

Please ensure you comply with the underlying FICA documentation when
registering.


   A. Purchasing in private capacity :-

                 Valid ID Document or Certified Copy thereof
                 Utility Bill or other proof of residence



   B. Purchasing on behalf of a Company, CC or Trust

                 Certified Copy of the Resolution passed by the Company, CC or Trust
                  authorising you to bid on their behalf and to execute all documents and
                  instruments relating to the auction.
                 The Resolution is to be accompanied by a letter of authority on the letterhead
                  of the company.




   C. Purchasing for or on behalf of a third party :-

                 A signed letter of authority from the third party, giving you authority to bid on
                  their behalf
                     PROPERTY FACT SHEET



                                 Rules of Auction
     Venue of Auction                                     10 President Street Germiston

     Date and Time of Auction              :              17 November 2012
1. The rules of auction comply with Section 45 of the Consumer Protection Act, Act 68 of
   2008 (‘the Act’).

2.   The sale by public auction is subject to a reserve price.

3. The Auctioneer or his agent shall be entitled to bid up to the reserve price on behalf of
   the Seller, but shall not be entitled to make a bid equal to or exceeding the reserve
   price.

4. The following provisions are brought to your attention : Section 45 subsection 1, 2 and 3 of
   the Act provides :-

            4.1               includes a Sale in Execution of or pursuant to a court order to
                              the extent that the order contemplates that the sale is to be
                              conducted by an auction
            4.2               When goods are put up for sale by auction in lots, each lot is,
                              unless there is evidence to the contrary, regarded to be the
                              subject of a separate transaction.
            4.3               A sale by auction is complete when the auctioneer announces
                              its completion by the fall of the hammer, or in any other
                              customary manner and until that announcement is made, a bid
                              may be retracted.

5. The auction will commence at the published time and will not be delayed to allow any
   specific person or more persons to take part in the auction.

6. A person who attends the auction to bid on behalf of another person (i.e. on behalf of a
   company) must produce a letter of authority that expressly authorises him or her to bid
   on behalf of that person. Where a person is bidding on behalf of a company the letter of
   authority must appear on the letterhead of the company and must be accompanied by
   a certified copy of the resolution authorising him or her to bid on behalf of the company.

7. Total Auctioneering Sales and Services CC, trading as Consolidated Auctioneers
   (‘Consolidated’) has a trust account into which all money will be paid for the benefit of


                                                                                    INITIAL
                     PROPERTY FACT SHEET
     the seller, minus any commission payable to Consolidated in terms of the Conditions of
     Sale that applies to the auction sale (‘the Conditions of Sale’).


8.    The auctioneer will during the auction announce the reason for the auction unless that
     reason is the normal and voluntary disposal of property by the seller.

9. Anyone that intends to bid at the auction must register his or her identity on the bidder’s
   record prior to commencement of the auction and such registration must meet the
   requirements of FICA (Financial Intelligence Centre Act, 2001) in respect of the
   establishment and verification of identity of the person and the person must sign the
   registration entry.

10. The bidder’s record and the vendor roll will be made available for inspection at the
    offices of Consolidated during normal business hours without charge of a fee. The
    bidder’s record will also be available for inspection at the auction.

11. The conduct of the auction is subject to the control of the auctioneer who has the sole
    right to regulate the bidding procedure.

12. The sale shall be by the rise and the property shall be sold to the highest bidder subject to
    the auction rules and Conditions of Sale.

13. Every prospective bidder must read the Conditions of Sale and must not bid unless he or
    she has done so.

14. Every bid shall constitute an offer to purchase the property for the amount bid, which the
    seller or the auctioneer may accept or reject in their absolute discretion. The seller and
    the auctioneer are entitled, in their absolute discretion to withdraw the property from
    sale prior to acceptance by the seller.

15. If no bid equals or exceeds the reserve price, the property may be withdrawn from the
    auction. The seller shall be entitled to instruct the auctioneer to accept any lower bid.

16. In the event of any dispute between the bidders, the decision of the auctioneer shall be
    final and binding.

17. Any error by the auctioneer shall be entitled to be corrected by the auctioneer.

18. No bid may be withdrawn after the fall of the hammer until the expiry of the confirmation
    period that is provided for in the Conditions of Sale, during which time the offer shall be
    open for acceptance by the seller or his agent and if the offer is accepted, the sale shall
    be deemed to be a sale by auction for purposes of the Act.

19. The highest bidder (‘the purchaser’) shall sign the Conditions of Sale immediately on the
    fall of the hammer.
                                                                               INITIAL
                          PROPERTY FACT SHEET




   20. The purchasers offer shall remain open for acceptance by the seller or by the auctioneer
       on behalf of the seller, until expiry of the confirmation period. The purchaser and the
       auctioneer acknowledge and agree that this provision is for the benefit of the seller.


   21. The purchasers offer shall be deemed to have been accepted only when the seller or
       the auctioneer, whichever may be applicable, has signed the Conditions of Sale on
       behalf of the seller in the space provided at the end of the Conditions of Sale and the
       seller shall not be required to notify the purchaser of the acceptance of its offer prior to
       expiry of the confirmation period.

   22. Should the seller reject the purchasers offer, the auctioneer will repay to the purchaser
       any deposit and commission paid to it in terms of the Conditions of Sale.

   23. In the event of the sale requiring the consent of any statutory authority or any court of
       law, then this auction sale is subject to the granting of such consent.


   24. AUCTIONEERS COMMISSION
       The purchaser shall be liable for and pay, in addition to the amounts payable in terms of
       the Conditions of Sale, auctioneers commission of 6 % (Six Per Centum) of his bid, plus
       VAT thereon, which commission shall be payable into the trust account of the auctioneer
       immediately upon the seller signing the Conditions of Sale as acceptance of the
       purchasers bid.


       I hereby certify that the auction rules to the best of my knowledge meet the requirements
       of draft regulation 27


_____________________________
AUCTIONEER

AUCTIONEER FULL NAME/S       :       Chico Da Silva

ADDRESS                      :       10 President Street Germiston

CONTACT NUMBER/S             :       0118721890

Registered Bidder / s :
                        PROPERTY FACT SHEET
I have read and understood the rules of auction and have no objection to the rules of auction
not being read out at the auction to be valid

_____________________________
REGISTERED BIDDER / S

				
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