3-bed house in Albertsdal, Gauteng

Case No: 2024/001291 DX 31 SANDTON SQUARE IN THE HIGH COURT OF SOUTH AFRICA (Gauteng Local Division, Johannesburg) In the matter between: Absa Home Loans Guarantee Company (RF) PTY Limited, First Execution Creditor and Absa Bank Limited, Second Execution Creditor and Levy Maloshe Masete, Execution Debtor NOTICE OF SALE IN EXECUTION 26 AUGUST 2026, 09:00, 39A Louis Trichardt Avenue, Alberton North This is a sale in execution pursuant to a judgment obtained in the above Honourable Court dated 05 JUNE 2025,in terms of which the below property will be sold in execution by the office of Sheriff PALM RIDGE, MR IAN BURTON OR HIS DEPUTY on 26 AUGUST 2026, at 09:00, at 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH, to the highest bidder subject to a court reserve price of R1 070 000.00. ERF 6489 ALBERTSDAL EXTENSION 43 TOWNSHIP, REGISTRATION DIVISION I.R., THE PROVINCE OF GAUTENG MEASURING 209 (TWO HUNDRED AND NINE) SQUARE METRES HELD BY DEED OF TRANSFER NUMBER T3337/2021 114 No. 55117 GOVERNMENT GAZETTE, 07 AUGUST 2026 SUBJECT TO THE CONDITIONS THEREIN CONTAINED AND MORE ESPECIALLY SUBJECT TO THE CONDITIONS IMPOSED IN FAVOUR OF LEOPARDS REST HOMEOWNERS' ASSOCIATION, NPC REGISTRATION NUMBER 2016/237127/08. (The “property”) which is certain, and is zoned as a residential property inclusive of the following: Main Building : 3 bedrooms, 2 bathrooms, 1 kitchen and 1 lounge. WHICH CANNOT BE GUARANTEED. The property is situated at: ERF 6489 MEPPS BLACK FURY STREET, ALBERTSDAL, ALBERTON, EXTENSION 43and falling within the Magisterial District of EKURHULENI. The Purchaser shall in addition to the Sheriff's commission, which is 6% (six percent) on the first R100 000.00 (One Hundred Thousand Rand) of the proceeds of the sale and thereafter 3.5% (Three comma Five percent) on R100 001.00 (One Hundred Thousand and One Rand) to R400 000.00 (Four Hundred Thousand Rand) and 1.5% (One point Five percent) on the balance of the proceed of the Sale plus VAT, subject to a maximum commission of R40 000.00 plus VAT in total and a minimum of R3 000.00 plus VAT, pay a deposit of 10% of the purchase price in cash or by bank guarantee cheque or EFT into the Sheriff's trust account immediately upon closing of the bid and the balance against transfer which shall be secured by a Bank or Building Society guarantee in a form acceptable to Judgment Creditor's conveyancers, which guarantee shall be delivered by the Purchaser to the Sheriff within (21) days from the date of the sale and shall provide for the payment of the full balance and any such interest payable as provided for hereunder. 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 the conditions of sale. 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. Advertising costs at current publication rates and sale costs according to court rules apply. The rules of this auction will be available at least 24 hours before the auction at the office of the Sheriff PALM RIDGE at 39A LOUIS TRICHARDT STREET, ALBERTON NORTH. Registration as a buyer is a pre-requisite subject to conditions including, inter alia: 1. Directive of the Consumer Protection Act 68 of 2008. (URL http://www.info.gov.za/view/ DownloandFileAction?id=99961). 2. FICA - legislation i.r.o. proof of identity and address particulars. 3. 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. 4. Registration conditions. 5. The auction will be conducted by the Sheriff, Mr Ian Burton, or his Deputy 6. Advertising costs at current publication rates and dale costs according to court rules, apply. The aforesaid sale shall be subject to the provisions of the Consumer Protection Act 68 of 2008 and Conditions of Sale which may be inspected at the office of the Sheriff PALM RIDGE at 39A LOUIS TRICHARDT STREET, ALBERTON NORTH during normal office hours from Monday to Friday. Dated at Johannesburg, 29 JUNE 2026. Attorneys for Plaintiff(s): Lowndes Dlamini, 1st floor, 56 Wierda Road East, Wierda Valley, Sandton. Tel: 011-292-5777. Fax: 011-2925775. Ref: M ROOS/NM/MAT45182. The Citizen.