3-bed house in 28166 Icelandite Street, Palm Ridge Ext

Case No: 2023/112215 IN THE HIGH COURT OF SOUTH AFRICA (Gauteng Local Division, Johannesburg) In the matter between: Nedbank Limited, Execution Creditor and Mbeya, Jimmy James William (Id No. 8103305905188), Defendant NOTICE OF SALE IN EXECUTION 26 AUGUST 2026, 09:00, Sheriff Palm Ridge, 39A Louis Trichardt Street, Alberton North In execution of a judgment of the High Court of South Africa, Gauteng Local Division, Johannesburg in the abovementioned suit, a sale with a reserve price of R360000.00 will be held by the Sheriff Palm Ridge at 39A Louis Trichardt Street, Alberton on the 26th day of August 2026 at 09h00 of the undermentioned property of the Judgment Debtor on the conditions to be read out by the Auctioneer at the time of the sale, which conditions will lie for inspection, prior to the sale, at the offices of the Sheriff Palm Ridge at 39A Louis Trichardt Street, Alberton (short description of the property, situation and street number). Certain: Erf 28166 Palm Ridge Extension 32 Township, Registration Division I.R., The Province of Gauteng and also known as 28166 Icelandite Street, Palm Ridge Ext. 32 (Held by Deed of Transfer No. T91863/2022. Measuring: 151 (One Hundred and Fifty One) square metres. Improvements (none of which are guaranteed) consisting of the following: Main building: A single storey dwelling consisting of Lounge, Kitchen, 3 Bedrooms, 2 Bathrooms, 2 Toilets, Shower. Outbuildings: None. Constructed: Brick under tiles. Terms: 10% (ten percent) of the purchase price on the day of the sale; the balance payable against registration of transfer to be secured by a bank or other acceptable guarantee to be furnished within 21 (twenty one) days from the date of sale. Auctioneers charges, payable on the day of sale, to be calculated as follows: 6% (six percent) on the first R100000.00; 3.5% on R100001.00 to R400000.00 and 1.5% on the balance of the proceeds of the sale, subject to a maximum commission of R40000.00, plus VAT if applicable and a minimum of R3000.00, plus VAT if applicable. TAKE NOTICE FURTHER THAT - 1) The sale in execution is conducted in accordance to the Consumer Protection Act 68 of 2008 as amended, in pursuance of an order granted against the Judgment Debtor for money owing to the Execution Creditor. 2) The rules of this auction and conditions of sale may be inspected at the Sheriff's office, 39A Louis Trichardt Street, Alberton North, 24 hours prior to the auction. 3) Registration as a buyer is a pre-requisite subject to conditions, inter alia: A) Directive of the Consumer Protection Act 68 of 2008. (URL http://www.info.gov.za/view/ DownloadFileAction?id=99961). B) FICA - legislation i.r.o. proof of identity and address particulars. All bidders are required to present their identity document together with their proof of residence for FICA compliance. C) All bidders are required to pay R25000.00 (physical auction) / R40000.00 (online auction) (refundable) registration fee prior to the commencement of the auction in order to obtain a buyer's card. D) The Purchaser shall pay to the Sheriff a deposit of 10% of the purchase price in cash or by bank guaranteed cheque 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 its attorney and shall be furnished to the Sheriff within (21) days after the sale. E) 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 condition 7.1 of the conditions of sale. F) 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 the date of possession of the property to date of registration. The auction will be conducted by the Sheriff, Mr Ian Burton, or his deputy. Advertising costs at current publication rates and sale costs according to court rules, apply. Dated at Johannesburg, 09 JUNE 2026. Attorneys for Plaintiff(s): Rossouws Lesie Inc., 8 Sherborne Road, Parktown, Johannesburg. Tel: (011)7269000. Fax: -. Ref: M0030261/N Roets/R Beetge. -.