2-bed house in 2109 Likole Street, Likole Extension 1, Katlehong

Case No: 2024-072006 IN THE HIGH COURT OF SOUTH AFRICA ((GAUTENG DIVISION, JOHANNESBURG)) In the matter between: SB GUARANTEE COMPANY (RF) PROPRIETARY LIMITED, Execution Creditor and VUSI MUNDLOVU, Judgment Debtor NOTICE OF SALE IN EXECUTION: IMMOVABLE PROPERTY 26 AUGUST 2026, 09:00, Sheriff of the High Court PALM RIDGE at THE SHERIFF'S OFFICE, 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH In pursuance of a judgment granted by this Honourable Court on 23 APRIL 2025, and a Warrant of Execution issued thereafter, the undermentioned immovable property will be sold in execution with reserve price of R 500 000.00 by the Sheriff of the High Court PALM RIDGE at THE SHERIFF'S OFFICE, 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH on WEDNESDAY, 26 AUGUST 2026 at 09H00, to the highest bidder. Full Conditions of Sale may be inspected at the offices of THE SHERIFF OF THE HIGH COURT, PALM RIDGE, 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH, whom shall hold the sale and shall read out the Conditions of sale prior to the sale in execution. The Sheriff, Execution Creditor and/ or Execution Creditor's Attorneys do not give any warranties with regard to the description and/or improvements of the below-mentioned immovable property. ERF 2109 LIKOLE EXTENSION 1 TOWNSHIP, REGISTRATION DIVISION I.R., THE PROVINCE OF GAUTENG, MEASURING 300 (THREE HUNDRED) SQUARE METRES, HELD BY DEED OF TRANSFER NUMBER T14288/2019, SUBJECT TO THE CONDITIONS THEREIN CONTAINED ALSO KNOWN AS 2109 LIKOLE STREET, LIKOLE EXTENSION 1, KATLEHONG, GAUTENG. IMPROVEMENTS (not guaranteed): MAIN BUILDING: Single storey freestanding dwelling with block walls, corrugated iron roof, consisting of a lounge, 2 bedrooms, kitchen and toilet. TAKE FURTHER NOTICE: 1 This sale is voetstoots and subject to the conditions of the existing title deeds. The highest bidder shall be the Purchasers. The price bid shall be exclusive of VAT and the Purchasers shall pay VAT on the purchase price as provided for in the Conditions of Sale, subject to the provisions thereof. 2 Registration as a buyer is a pre-requisite subject to the following conditions, inter alia: 2.1 Directive of the Consumer Protection Act 68 of 2008. (URL http://www.info.gov.za/view/ DownloadFileAction?id=99961). 2.2 FICA-legislation: Requirement of proof of ID and residential address and other. 2.3 All bidders are required to pay R25 000.00 (at site) and R40 000.00 (online auction) (which is conditionally refundable after conclusion of the sale) registration fee prior to the commencement of the auction in order to obtain a buyer's card. 2.4 Sheriff's registration conditions. 3 The Purchasers shall pay a deposit of 10% immediately on sale and the balance against transfer by a bank and furnish a guarantee for such payment issued by the bank concerned within 21 days of sale by a bank. 4 The property may be taken possession of after signature of the conditions of sale, payment of the deposit and upon the balance of the purchase price being secured in terms of conditions. 5 Should the purchaser receive possession of the property, the purchaser shall be liable for occupational rental at the rate of 1% of the purchase price per month from date of possession to date of transfer. c/o TIM DU TOIT & CO INC. 33 The Valley Road c/o Jan Smuts Avenue Westville, JOHANNESBURG Tel: 011 274 9800 Dated at CAPE TOWN, 04 JUNE 2026. Attorneys for Plaintiff(s): TIM DU TOIT ATTORNEYS, 7th Floor, 56 Shortmarket Street, Cape Town City Centre, 8001. Tel: 021 529 7710. Fax: 021 529 7711. Ref: T Van der Spuy/ilr/M39870. -.