Sale not to be missed!

Viewing, Auction Dates and Address

Viewing: By appointment with the Auctioneer

Property address: Sunset Lodge, Corner Selati and Essenhout Streets, Phalaborwa, Limpopo

Live Webcast Auction: Thursday 27 June 2024 at 11h00

Bid Online at https://online.assetauctions.co.za

Acting on instructions from the Trustee, in the matter of Nortje, M (Insolvent Estate) MRN T1010/09,

We will sell the following by way of Public Auction:

22 Existing Income producing townhouse units in Sunset Lodge & Vacant Land Phalaborwa
Existing 22 Sectional Title Townhouses “Sunset Lodge” Erf 2192 Phalaborwa:

  • 20 Bedsitter units with Kitchenet, Bathroom and separate shower
  • 2 x 2 Bedroom units with Kitchen, Bathroom, Open Plan Dining/Lounge
  • 22 Carports (one per unit)

The 22 Units are located in the middle-income group and is close to all amenities such as schools, shopping, hospital recreational facilities.

Remainder of Land Available for Development “Sunset Lodge” Erf 2192 Phalaborwa:

We will also sell the remaining Land available for development consisting of 616 SQM “Sunset Lodge”

In addition to the existing Lodge building containing 33 units and the two other buildings each containing 11 units the approved Sectional Tile Scheme permits an additional 4 blocks each containing 11 units to be built as well as an additional 44 carports.

Composition of additional blocks permitted:

  • 4 x 3-Storey blocks each containing 10 x Bedsitter Townhouse and 1 x 2 Bedroom Townhouse.

Composition of units:

  • 40 x Bedsitter Units with Kitchenettes, Bathrooms and separate showers4 x 2 Bedroom Units with Kitchens, Bathrooms, Diningroom cum Lounge
Development Opportunity – Vacant Land in Phalaborwa Ext 6:
  • Erf 2101 Ptn 12
  • Erf Size ± 5540 SQM

Auction Terms

  • Please register on online.assetauctions.co.za
  • R10 000.00 Refundable Deposit

  • ID document and proof of residence required for FICA

 

 

360 Tour

 

Contact us

Office: 011 4524191 or call Graham 082 573-3184/ e-mail graham@assetauctions.co.za for more information on this property.