PTN 1 OF ERF 2204 & PTN 1 OF ERF 2230 317 CURRIE ......Floors G – 6: A constructed shell with...
Transcript of PTN 1 OF ERF 2204 & PTN 1 OF ERF 2230 317 CURRIE ......Floors G – 6: A constructed shell with...
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Terms & Conditions
Please note that in order to be approved for bidding, you are required to send us: Proof of Payment & Original Proof of FICA Documents). R 50 000 refundable deposit (strictly cash transfer only). All bids are exclusive of commission + VAT.
Ian Wyles Auctioneers may bid up to reserve on behalf of the sellers. The above is subject to change without notification.
Auctioneer: Ian Wyles
DEVELOPMENT PROPERTY
ONLINE “ZOOM” AUCTION
PTN 1 OF ERF 2204 & PTN 1 OF ERF 2230 317 CURRIE ROAD, MUSGRAVE, DURBAN
WEDNESDAY, 26 AUGUST 2020 @ 11:00 AM IAN WYLES: 082 490 3517 | ANDREW GIDDY: 082 601 9278
031 579 4403 | WWW.IANWYLES.CO.ZA
VIEWING BY APPOINTMENT ONLY
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
Property Summary
Locality Maps
Pictures
Additional Information
Auction Information
Deposit 5% of bid price payable by The Purchaser on the fall of the hammer
Commission 5% plus VAT thereon of the bid price payable by the Purchaser on
the fall of the hammer
Terms and Conditions
If you are the successful bidder, the following is applicable:
• 30 Day Guarantee Period from confirmation of sale by the Seller
• Possession & occupation of property on registration
• Electrical (including electric fencing), woodborer and gas compliance for the
Purchaser’s account, if applicable
Banking Details Ian Wyles Auctioneers and Appraisers (PTY) LTD - (EAAB Approved Trust Account)
Account Number – 40-9642-2381
Branch Name – Absa Bank Durban North
Swift Code – ABSA ZA JJ
Branch Code – 632005
Reference: Use Name and Property Address
CONTENTS 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
General
Property Address 317 Currie Road, Musgrave, Durban, Kwazulu Natal
Title Deed Information
Title Deed Number T34345/2009
Title Deed Description Ptn 1 of Erf 2230 & Ptn 1 of Erf 2204, Durban, KZN
Extent:
Erf 2230 Portion 1 620 m² (Cadastral)
Erf 2204 Portion 1 1226 m² (Cadastral)
Municipal Information
Zoning General Residential 5
FAR (Bulk) 5.3
Coverage N/A
Minimum Side & Rear Spaces N/A
Municipal Value R2 475 000.00
INFORMATION 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
Locality
The subject property is centrally located within the residential area of Musgrave, enjoying
unsurpassed views of the Central Bowl. Musgrave is a mixed-use suburb of high and medium
residential density with Botanic Gardens, Musgrave Shopping Centre, quality schools,
professional and social amenities located therein.
Ideally located with ready access to the N3 and N2, bordered by Berea, Overport and
Greyville suburbs.
Properties range from grand old houses, to smaller apartments and flats. The suburb is
extremely popular with the Indian Community.
Condition
The property is incomplete. Please note that we have not undertaken a structural survey,
nor have we arranged for tests of inspections of the service installations.
INFORMATION 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
Description of Improvements
Existing development presently comprises an incomplete proposed residential up-market
block of apartments, being constructed in compliance with a re-zoning application an FAR
of 5.3. According to the relevant information provided, development is 75% complete.
A Sectional Title Plan SG No. D61/2019 – Serengeti Rise has been approved but unregistered
at Deeds Office.
The development is being built in accordance to the FAR of 5.3 which permitted a nine (9)
storey residential block of upmarket apartments, viz. Basement, Floors “G – 6” and
penthouses on the remaining floors.
The Property enjoys unsurpassed views of the City “Bowl” and Coastlines.
Typical Layout of the floors comprise:
Two (2) residential apartments with double parking garage, staff quarters and terrace per
apartment per floor. (4 Bedroom Apartment with staff accommodation averaging 430
m²/unit).
The Basement Floor will comprise:
Access to the development will be by pedestrian lift and a motor vehicle lift (Shafts have
already been constructed); Undercover Parking, Entrance Foyer, Gym Area, Board Room,
Prayer Room.
The intention of the developers was to sell the units individually as a shell, with electricity and
water services, the onus of the internal finishes, flooring, etc being left to the owner to
complete.
At present the building is incomplete and the following description of the existing state of
development is as follows:
Basement: 2 x Swimming Pools (Shells), Security, Boardroom, Prayer Room, Gymnasium
and entrance to lifts
Floors G – 6: A constructed shell with division wall separating the two apartments per
floors; services to floors 1 to 5 exist; separate Staff Accommodation
Penthouse (x 2 Floors): No evidence of construction – access blocked
Lifts: Shafts Partially Constructed
Note: Auction Excludes Scaffolding/ Decking & Hoist
INFORMATION 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
Expenses
Monthly Rates : ± R 2 805.00 (Estimated)
Value Added TAX
The Seller is a VAT vendor. VAT applies over and above the Purchase Price.
Lease/ Occupancy
The Property is vacant. No lease.
INFORMATION 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
ZONING 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
PLANS 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
PLANS 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
PLANS 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
PLANS 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
PLANS 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
PLANS 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
BASEMENT
PROPOSED BASEMENT GYMNASIUM
PROPOSED BASEMENT ENTERTAINMENT AREA & POOL
BASEMENT – LIFT ACCESSES
IMAGES 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
TYPICAL OPEN AREA
IMAGES 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
APARTMENT SHELLS
TYPICAL APARTMENT VERANDAH
LIFT ACCESSES
IMAGES 317 CURRIE ROAD, MUSGRAVE
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Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person
AERIAL 317 CURRIE ROAD, MUSGRAVE