no description published

Lephalale, Grootfontein, Portion 104

freehold · SheriffHQ · ref 394833

no comparable value held for this property

Recommendation Not a candidate the bid floor is not below the modelled walk-away

Bid from R 1 250 000.00 reserve published on the listing

Walk away above no comparable value to derive one from

All-in at the ceiling R 1 824 243.75 bid plus every cost, firm and provisioned

Why + Pass, reserve · ? Review, size · ? Review, market

What would change this · 4

nobody with standing has signed off the conveyancing fee bands, which moved a figure here
commission scale not recited in the notice - configured fallback used
the municipal arrears ceiling is aged to the 2020-opened case: R240000 against the R80000 base, at R30000 a judgment-year capped at R240000 - unconfirmed model parameters, and still a provision, not a quote
VAT status is not recited, and notices do not state it: modelled as a transfer-duty sale at R1200. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R187500 in its place.

The municipal arrears figure is a provision, not a quote. A non-owner may not obtain the clearance figure from the municipality; the sheriff gives an estimate on the day. Do not bid against the midpoint of this range.
Attorneys for the execution creditor: HANNES GOUWS & PARTNERS INC. ((012) 321-1008). This is the practical route to an arrears figure before auction day.
Transfer duty is normally paid to SARS through the conveyancer before registration, not on auction day. Section 7.2 includes it in the auction-day figure; confirm the timing with the conveyancer.