UNIT 16, LA MER 103 MARINE DRIVE, MARGATE HIBISCUS …€¦ · Title Deed Description Sect 16 of Plan 18/2007, Known as La Mer, Situated at Erf 3228, Margate, Hibiscus Coast, Kwazulu

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Terms & Conditions R 50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and

residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of commission + VAT. Ian Wyles

Auctioneers may bid up to reserve on behalf of the sellers. Subject to change without notification.

Auctioneer: Ian Wyles

BEACHFRONT UNIT

UNIT 16, LA MER

103 MARINE DRIVE, MARGATE

HIBISCUS COAST, KZN

SATURDAY, 19 JANUARY @ 11:00 AM

ON SITE: 103 MARINE DRIVE, MARGATE

Andrew Giddy: 082 601 9278 | 031 – 579 4403

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 10% 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

Mercantile Bank

Durban Branch: 450126

Account Number: 1050653718

Reference: Use Name and Property Address

CONTENTS UNIT 16, LA MER, MARGATE

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General

Property Address 103 Marine Drive, Margate, Hibiscus Coast, Kwazulu Natal

Title Deed Information

Title Deed Number T41567/2007

Title Deed Description Sect 16 of Plan 18/2007, Known as La Mer, Situated at Erf

3228, Margate, Hibiscus Coast, Kwazulu Natal

Unit Size 137 m²

Municipal Value R 1 604 000.00

Locality

This subject property is set in LA MER, one of the most sought-after complexes in Margate, on

the South Coast.

This unit is situated on the second floor within walking distance to Margate Main Beach,

Restaurants and local shopping centres.

Condition

The property is in good condition. Please note that we have not undertaken a structural

survey nor have we arranged for tests of inspections of the service installations.

INFORMATION UNIT 16, LA MER, MARGATE

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Property Description

Beachfront Unit with Sea Views comprising;

Open Plan Kitchen, Lounge/ Dining Area

3 Bedrooms (MES)

1 Bathroom

Balcony

1 Covered Parking

Communal Pool

180 Degrees Sea Views

Expenses

Monthly Levies : R 2 900.00 (Estimated)

Monthly Rates : R 1 800.00 (Estimated)

Value Added TAX

Seller is not a VAT vendor. Transfer duty applies.

Lease/ Occupancy

The Property is Vacant.

INFORMATION UNIT 16, LA MER, MARGATE

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IMAGES UNIT 16, LA MER, MARGATE

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AERIAL VIEW UNIT 16, LA MER, MARGATE

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AERIAL VIEW UNIT 16, LA MER, MARGATE

Documents

UNIT 16, LA MER 103 MARINE DRIVE, MARGATE HIBISCUS …€¦ · Title Deed Description Sect 16 of Plan 18/2007, Known as La Mer, Situated at Erf 3228, Margate, Hibiscus Coast, Kwazulu