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Sheriff sale in execution·Commercial·Standard Bank

2-bed commercial property in Unit 93 Loerie Park, 33 Olienhoutkoppie, Arboretum Extension 7, Richards Bay

·KwaZulu-Natal
Reserve price
R 600 000
Verified today
Auction date
29 Jul 2026 · 11:00
Case
11833/23

Bond + transfer costs

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Your purchase
Property priceR 600 000
Drag or type the number below
Deposit10%
R 60 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 5 759
per month for 20 years
Total interest
R842k
Total repaid
R1.4m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 17 100
Bond registration
R 14 300
Deeds Office
R 1 000
Total upfront
R 32 400
All-in
Price plus every upfront cost you need at the deeds office
R 632 400

Estimate only. Transfer duty is the SARS Budget 2024 scale (still in force). Conveyancing and bond-registration fees use the LPC recommended scale — actual fees vary by attorney. Confirm with the conveyancer the seller bank appoints before bidding at a sheriff sale.

Description

Unit 93 Loerie Park, 33 Olienhoutkoppie, Arboretum Extension 7, Richards Bay Floor area 84 m². Erf size 11 m². 2 bed, ? bath. Foreclosing creditor: STANDARD BANK. Sale by Acting Sheriff of the High Court Umfolozi at no.

Property

Bedrooms
2
Floor area
84 m²
Erf size
11 m²
Sale type
Sheriff sale in execution

Auction details

Venue
Acting Sheriff of the High Court Umfolozi at no 37 Union, Empangeni
Sheriff
Acting Sheriff of the High Court Umfolozi at no
When
29 Jul 2026 · 11:00

Attorney

Firm
LGR Incorporated
Phone
(012) 817- 4843
Ref
BH/LH/IC001077
Case
11833/23
Know your total buy-in cost
Use the bond calculator above to estimate monthly instalments, transfer duty, and total costs at the current prime rate.
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RepoLens aggregates publicly published Government Gazette sale-in-execution notices and bank repo feeds. Reserve prices, auction dates and venue details should always be confirmed with the listed attorney before attending. Property descriptions are extracted from the Gazette text. RepoLens is not affiliated with any bank, attorney, bond originator, or financial services provider.