LENASIA PROPERTY AUCTION

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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3 Bedroom, Beach Front Apartment

Dolphin Coast Ballito - KWAZULU NATAL

ERF 931, Portion 499

PROPERTY AUCTION

WH Auctioneers Properties (PTY)

Ltd

578 16th Road, Randjespark,

Midrand

Tel: 0115745700

www.whauctions.com

Auction Date: Tuesday 27 August 2020 @ 11h00

Venue: Online Webcast Bidding ONLY

Register to bid: www.whauctions.com

Viewing: Due to COVID-19 only online webcast bidding is available. See below for details.

Contact for further info:

Sergio Ferreira Cell: 072 826 4855 • Email: sergiof@whauctions.com

Donovan Piquita Cell: 064 101 2245 • Email: donovanp@whauctions.com

BID ONLINE VIA WEBCAST

BALLITO BEACH FRONT APARTMENT

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Index

1. Guideline to Auction Page 3

2. General Page 3

3. Title Deed Information Page 4

4. Locality Page 4 & 5

5. Description of Improvements Page 6

6. Site Photographs Page 7 & 8

7. Municipal & Levy Accounts Page 9 & 10

8. How to bid via Webcast Page 11 & 12

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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1. GUIDELINE FOR THE AUCTION

BIDDING OPTIONS

1. WEBCAST BIDDING (ONLY FOR REGISTERED BIDDERS, PLEASE SEE PROCEDURE ATTACHED)

Auction Date & Venue: Tuesday 27 August 2020 @ 11h00 Registration: Bidders can register at any time prior to auction on www.whauctions.com. Identity and FICA documents are required in order to register for the auction. All potential buyers are required to pay a registration fee of R25 000 in order to bid at the auction. This amount can be paid either by bank guaranteed cheque or EFT into the Auctioneer’s trust account. Once registered each buyer will be issued with a buyer’s number. Upon signature of the registration documents, all buyers will have acknowledged and accept the Terms and Conditions as set out in the Rules of Auction.

Registration Fee: R25 000.00 (Refundable to unsuccessful bidders) Buyer’s Premium: 10% (Excl. VAT) of the hammer price Deposit: 21.5% of hammer price Confirmation period: 7 business days. Balance of the purchase price payable within 21 business days after confirmation of sale.

The bid price excludes the buyer’s premium of 10% (Excl. VAT) which is payable over and above the purchase price by the highest bidder. The auctioneers have the right to regulate the bidding at the auction. When the auctioneer knocks down the property to the highest bidder the successful bidder will sign the Conditions of Sale on the day. A deposit of 21.5% is payable on the fall of the hammer. This percentage is made up of the commission payable by the successful bidder of 10% plus VAT (namely, 11.5%) plus a 10% deposit on the purchase price of the Property. The deposit is payable by way of a Bank Guarantee or electronic transfer into the WH Auctioneers Trust account. For queries regarding the properties on auction contact: Sergio Ferreira: 072 826 4855 WH Auctioneers offices: 011 574 5700

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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2. GENERAL Property Address: 94AB Compensation Beach Road, Unit 15 ERF & Suburb & City: Sect 15 of plan 219/1982 known as LA MUSTIQUE Situated at Ptn 499 Farm 931

LOT 56 Reg Div: FU KWAZULU NATAL

3. TITLE DEED INFORMATION

Deeds Office: Kwa-Dukuza KZN

Title Deed No. ST5809/2015

Section Size: 118m²

4. LOCALITY

Ballito is a highly sought-after area. Ballito is a thriving community of its own with ties to primary and high schools

in and around Ballito, Umhlanga, Stanger and Tongaat. Ballito has grown exponentially in recent times and has

two shopping malls, Lifestyle centre and The Junction. Fantastic family adventure attractions such as the

crocodile farm and microlight flights and tours. It is a holiday destination with hotels and self-catering

accommodation, swimming and surfing beaches. A promenade about 2.5 kilometres long along the beach front

allows for walking and jogging.

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 5

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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5. DESCRIPTION OF IMPROVEMENTS

The subject property consists of a beautiful 3-bedroom apartment in Ballito’s apartment is centrally located at on Compensation Beach Road, the property is situated in a convenient location, close to all local amenities The property can be broken down as follows: The property features the following: 3 Bedrooms – all well sized with built in cupboards. 2 bathrooms with glass showers (main-en suite) Open plan kitchen with a cherry wood and granite top finishes Open plan Living area & Dining area leading onto your personal patio. A short walk down from the apartment to Beach front access Formal living area and dining area Air conditioning units The property boasts the following extras: 1 single lock up Garage with extra parking space Security doors and alarm tiles throughout the apartment Situated in a secure estate The complex has a communal swimming pool A club house and braai facilities are available

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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6. SITE PHOTOGRAPHS

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 8

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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7. MUNICIPAL ACCOUNT & LEVY

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 10

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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8. How to bid via Webcast

3 Bedroom Apartment – Ballito

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 12

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