3-bed house in East London, Eastern Cape

Case No: 4287/2023 - IN THE HIGH COURT OF SOUTH AFRICA (Eastern Cape Division, Makhanda) In the matter between: SB Guarantee Company (RF) Proprietary Limited, Execution Creditor and Yamkela Masekwana, Judgment Debtor NOTICE OF SALE IN EXECUTION 04 SEPTEMBER 2026, 10:00, 75 Longfellow Street, Quigney, East London A Sale In Execution of the undermentioned property is to be held by the Sheriff of the High Court East London at the Sheriff's Office, 75 Longfellow Street, Quigney, East London on Friday, 04 September 2026 at 10h00, subject to a reserve price of R 627 000.00. Full conditions of sale can be inspected at the Sheriff of the High Court East London at 75 Longfellow Street, Quigney, East London - Tel: 043 722-1712 and will be read out prior to the sale taking place. No warranties are given with regard to the description, extent and/or improvements of the property. Erf 90414, East London Buffalo City Metropolitan Municipality Division of East London, Eastern Cape Province, Measuring 385 (three hundred and eighty five) square metres, Held by Deed of Transfer: T8476/2021 SUBJECT TO THE CONDITION IMPOSED IN FAVOUR OF A HOMEOWNER'S ASSOCIATION Also known as Stand No. 90414, Riverwood Eco Estate, Cove Rock, East London. Magisterial District: Buffalo City. Improvements: Main Building: 3 bedrooms, 2 bathrooms, lounge, dining room, kitchen. Zoned residential. Take further notice that: 1. This sale is a sale in execution conducted in accordance to the Consumer Protection Act 68 of 2008 as Amended, in pursuant of an order granted against the Defendant for money owing to the Plaintiff. 2. The purchaser shall pay auctioneer's commission subject to: a) 6% on the first R 100 000.00 b) 3.5% on R 100 000.00 to R 400 000.00 c) 1.5% on the balance of the proceeds of the sale subject to: A maximum commission of R 40 000.00 plus VAT - and a minimum commission of R 3 000.00 plus VAT. 3. A deposit of 10% of purchase price immediately on demand by the Sheriff. The balance of the purchase price and any such interest payable, shall be paid to the Sheriff against transfer and shall be secured by a bank guarantee, to be approved by the Plaintiff's attorney, which shall be furnished to the Sheriff within 21 days after the date of sale. 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 condition 3. 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 sale to date of transfer. 6. The rules of the auction and conditions are available 24 hours prior to the auction at the offices of the Sheriff East London, 75 Longfellow Street, Quigney, East London, 5201. Registration as a buyer is a pre-requisite subject to 96 No. 55211 GOVERNMENT GAZETTE, 21 AUGUST 2026 conditions, inter alia: i. Directive of the Consumer Protection Act 68 of 2008 (URL http:// www.info.gov.za/view/DownloadFileAction?id=99961) ii. FICA-legislation i.r.o. proof of identity and address particulars iii. Registration conditions The auction will be conducted by the Sheriff, N Ndabeni. Advertising costs at current publication rates and sale costs according to court rules, apply. Dated at Pretoria, 13 AUGUST 2026. Attorneys for Plaintiff(s): Findlay & Niemeyer Attorneys, 1027 Francis Baard Street, Hatfield, Pretoria. Tel: (012) 342-9164. Fax: (012) 342-9165. Ref: Mr M Coetzee/AN/F7436. -. FREE STATE / VRYSTAAT