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Sheriff sale in execution·Sectional title·Nedbank

2-bed sectional title in Ekurhuleni, Gauteng

·Gauteng
Reserve price
R 500 000
Verified today
Auction date
26 Aug 2026 · 09:00
Case
2024-090014

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Bond + transfer costs

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Your purchase
Property priceR 500 000
Drag or type the number below
Deposit10%
R 50 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 4 799
per month for 20 years
Total interest
R702k
Total repaid
R1.2m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 16 000
Bond registration
R 13 350
Deeds Office
R 1 000
Total upfront
R 30 350
All-in
Price plus every upfront cost you need at the deeds office
R 530 350

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

Floor area 72 m². 2 bed, 2 bath. Foreclosing creditor: NEDBANK. Sale by Sheriff PALM RIDGE.

Property

Bedrooms
2
Bathrooms
2
Floor area
72 m²
Sale type
Sheriff sale in execution

Auction details

Venue
39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH
Sheriff
Sheriff PALM RIDGE
When
26 Aug 2026 · 09:00

Attorney

Firm
Hammond Pole Majola Inc C/o VERMAAK & PARTNERS INC
Phone
0118741800
Ref
MAT459982/VM/MM
Case
2024-090014

How you buy this

  1. Every listing is free, and there's no account. You don't register with RepoLens and there's no login — every sale we hold is free to read, including the reserve, the auction date and who to contact. A paid subscription only adds earlier alerts and a comparison against similar lots. We publish what's up for auction; we don't sell it.
  2. You buy at the sheriff's auction, not from us. Contact Hammond Pole Majola Inc C/o VERMAAK & PARTNERS INC on 0118741800 — quote ref MAT459982/VM/MM for the Nedbank sale. They give you the conditions of sale and confirm the auction is going ahead.
  3. Ask what's owing before you bid. The reserve isn't the whole story — rates, municipal charges and body-corporate levies can land on the buyer. Ask the attorney or sheriff what rates and levies are outstanding before you bid.

Full detail on deposits, FICA and registering as a bidder is in the buyer FAQ.

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Source notice

Case No: 2024-090014 IN THE HIGH COURT OF SOUTH AFRICA (GAUTENG DIVISION, JOHANNESBURG) In the matter between: NEDBANK LIMITED Judgement Creditor and JOHAN LABUSCHAGNE, 1st Judgment Debtor and HELENA RIEGER 2nd Judgment Debtor NOTICE OF SALE IN EXECUTION 26 AUGUST 2026, 09:00, 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH IN Execution of a Judgment of the High Court of South Africa, (Gauteng Division, Johannesburg) in the abovementioned suit, the Property shall be sold by the Sheriff PALM RIDGE to the highest bidder subject to a reserve price of R500 000.00 and will be held at 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH on 26 AUGUST, 2026 at 09H00 of the undermentioned property of the Execution Debtors on the conditions which may be inspected at 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH, prior to the sale. A UNIT CONSISTING OF: SECTION NO. 42 as shown and more fully described on Sectional Plan No. SS95/2021 in the scheme known as CASTLE GATE in respect of the land and building or buildings situate at UNION EXTENSION 51 TOWNSHIP, LOCAL AUTHORITY: CITY OF EKURHULENI METROPOLITAN MUNICIPALITY, of which section the floor area, according to the said sectional plan, is 72 (SEVENTY TWO ) square metres in extent; and an undivided share in the common property in the scheme apportioned to the said section in accordance with the participation quota as endorsed on the said Sectional Plan. HELD under Deed of Transfer No. ST37860/2021 situated at UNIT 42 CASTLE GATE, CNR CHRIS AND JACOBA STREET, UNION EXTENSION 51 Situated in the Magisterial District of PALM RIDGE. The following information is furnished re the improvements, though in this respect nothing is guaranteed and no warranties are given in respect thereof. It is the buyers' responsibility to verify what is contained herein. MAIN BUILDING: 2 BEDROOMS, 2 BATHROOMS, KITCHEN, LOUNGE OUTSIDE BUILDINGS: NONE SUNDRIES: NONE The purchaser shall pay the Sheriff a deposit of 10 per cent of the purchase price in cash of bay bank guaranteed cheque or eft on the day of the sale. The balance shall be paid against transfer and shall be secured by a guarantee issued by a financial institution approved by the execution creditor or her attorney, and shall be furnished to the Sheriff within days after the sale. The property may be take possession of after signature of the conditions of sale, payment of the deposit and upon the balance of purchase price being secured in of condition. Should the purchaser receive possessions of the property, the purchaser shall be liable for occupational rent at the rate of. All bidders are required to present their Identity Document together with their Proof of residence for FICA compliance. All bidders are required to pay R25 000.00 (PHYSICAL AUCTION) / R40 000.00 (ONLINE AUCTION) (refundable) registration fee prior to the commencement of the auction in order to obtain a buyers card. All prospective purchasers will be required to register as such in terms of the Consumer Protection Act 68 of 2008 and will be req Dated at Hammond Pole Majola Inc, Boksburg, 30 JUNE 2026. Attorneys for Plaintiff(s): Hammond Pole Majola Inc C/o VERMAAK & PARTNERS INC, 3RD FLOOR 54 ON BATH, 54 BATH AVENUE, ROSEBANK. Tel: 0118741800. Fax: 0866781356. Ref: MAT459982/VM/MM. Hammond Pole Majola Inc, Boksburg.

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.