Sheriff sale in execution·Vacant land·Standard Bank

vacant land in Western Cape

·Western Cape

Reserve price

R 710 000

Verified today

Auction date

29 Apr 2024

Case

1962/000738

Bond + transfer costs

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Your purchase

Property priceR 710 000

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Deposit10%

R 71 000

Interest rate11.50%

SA prime 11.50%

Term20 years

240 months

Monthly bond

Repayment

R 6 814

per month for 20 years

Total interest

R996k

Total repaid

R1.6m

Upfront costs (not in the bond)

SARS transfer duty

Below R1.1m threshold — none payable

R 0

Conveyancing fee

R 18 310

Bond registration

R 15 290

Deeds Office

R 1 460

Total upfront

R 35 060

All-in

Price plus every upfront cost you need at the deeds office

R 745 060

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

37 501 Maalgate Street, Herolds Bay MAGISTERIAL DISTRICT:George MEASURING: 974 (NINE HUNDRED AND SEVENTY FOUR) SQUARE METRES Improvements: The information given regarding the impro Foreclosing creditor: STANDARD BANK. Sale by Sheriff of the High Court Georgeat.

Property

Erf number: 501
Sale type: Sheriff sale in execution

Auction details

Sheriff: Sheriff of the High Court Georgeat
When: 29 Apr 2024

Attorney

Phone: 012) 817- 4843
Case: 1962/000738

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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.