Auction News
Auction > Prime Bishops Court Residence
Auction Date: 23-02-2012 @ 13h30
| Auction: | Prime Bishops Court Residence |
| Date: | 23-02-2012 / 13h30 |
| Location: | Western Cape / Cape Town |
| Auctioneer: | Julius Buchinsky Group |
AUCTION view lot(s) view catalog pdf
Auction Venue:
2 Maclear Avenue, Bishops Court
Auction Type:
Liquidation
Description:
* Erf No. 169075 measuring approx 475 m2.
* 6 En-suite bedrooms and guest bathroom.
* 3 Level structure.
* 2 Granny flats.
* This property is situated in a quiet cul-de-sac.
* Lounge with fireplace.
* Open Plan kitchen and dining room.
* Drawing room.
* Building footprint 450 m2.
* Secure perimeter wall.
* Current valuation - R4,500,000.00.
NOTES AND AUCTIONEER'S DISCLOSURE:
This house was rented out and later illegally occupied by several foreign tenants.
These tenants have during their illegal occupation period, vandalised the interior of the residence to such a degree that it needs a complete renovation i.e:
* internal painting;
* ceilings;
* internal sections to be re-plastered;
* internal sections to be re-tiled;
* interior and exterior painting;;
* the kitchen needs re-modelling;
* certain doors need to be replaced.
The super-structure, roof and all aluminium window frames and glazing are in perfect condition.
We estimate that the total renovation costs will not exceed R500,000 for all labour and materials.
This auction will be conducted on site in order for prospective bidders to view and realise the tremendous potential of this property, whether from an investment or occupation perspective.
This will be a no reserve, subject to confirmation auction.
Contact: Ron Shaked on 083 601 8272
Viewing: Strictly by appointment
Registration: Day of auction
Requirements: Valid ID & Proof of Residence
Terms: 5% deposit plus auctioneer's fee on acceptance
* 6 En-suite bedrooms and guest bathroom.
* 3 Level structure.
* 2 Granny flats.
* This property is situated in a quiet cul-de-sac.
* Lounge with fireplace.
* Open Plan kitchen and dining room.
* Drawing room.
* Building footprint 450 m2.
* Secure perimeter wall.
* Current valuation - R4,500,000.00.
NOTES AND AUCTIONEER'S DISCLOSURE:
This house was rented out and later illegally occupied by several foreign tenants.
These tenants have during their illegal occupation period, vandalised the interior of the residence to such a degree that it needs a complete renovation i.e:
* internal painting;
* ceilings;
* internal sections to be re-plastered;
* internal sections to be re-tiled;
* interior and exterior painting;;
* the kitchen needs re-modelling;
* certain doors need to be replaced.
The super-structure, roof and all aluminium window frames and glazing are in perfect condition.
We estimate that the total renovation costs will not exceed R500,000 for all labour and materials.
This auction will be conducted on site in order for prospective bidders to view and realise the tremendous potential of this property, whether from an investment or occupation perspective.
This will be a no reserve, subject to confirmation auction.
Contact: Ron Shaked on 083 601 8272
Viewing: Strictly by appointment
Registration: Day of auction
Requirements: Valid ID & Proof of Residence
Terms: 5% deposit plus auctioneer's fee on acceptance
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