RepoLens
Sheriff sale in execution·Sectional title·Nedbank

sectional title in Cape Town, Western Cape

·Western Cape
Reserve price
R 375 000
Verified today
Auction date
09 Sept 2026 · 10:00
Case
22574/2024

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We compare this reserve against 12 other sectional-title units we have gazetted in Cape Town, and against what the open market has actually done in the past year.

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Bond + transfer costs

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Your purchase
Property priceR 375 000
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Deposit10%
R 37 500
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 3 599
per month for 20 years
Total interest
R526k
Total repaid
R864k
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 14 500
Bond registration
R 12 113
Deeds Office
R 1 000
Total upfront
R 27 613
All-in
Price plus every upfront cost you need at the deeds office
R 402 613

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 45 m². Foreclosing creditor: NEDBANK.

Property

Floor area
45 m²
Sale type
Sheriff sale in execution

Auction details

Venue
sheriff's office, Unit 15, Macias Industrial Park, Cnr Montague Drive and BP Road, Montague Gardens, Western Cape
When
09 Sept 2026 · 10:00

Attorney

Firm
FOURIE BASSON & VELDTMAN
Phone
(021) 929 2600
Ref
JF/MVH/N2885
Case
22574/2024

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 FOURIE BASSON & VELDTMAN on (021) 929 2600 — quote ref JF/MVH/N2885 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 — Government Gazette No. 55211, 21 August 2026

Case No: 22574/2024 IN THE HIGH COURT OF SOUTH AFRICA (WESTERN CAPE DIVISION, CAPE TOWN) In the matter between: NEDBANK LIMITED (Plaintiff) and PROGRESS NOMPUMELELO GOGA (Defendant) NOTICE OF SALE IN EXECUTION: IMMOVABLE PROPERTY 09 SEPTEMBER 2026, 10:00, at the sheriff's office, Unit 15, Macias Industrial Park, Cnr Montague Drive and BP Road, Montague Gardens, Western Cape In pursuance of a judgment granted by the above honourable court dated 26 January 2026, the undermentioned immovable property will be sold in execution on WEDNESDAY, 9 SEPTEMBER 2026 at 10:00 by the sheriff for Cape Town East at the sheriff's office, Unit 15, Macias Industrial Park, Cnr 128 No. 55211 GOVERNMENT GAZETTE, 21 AUGUST 2026 CONTINUES ON PAGE 130 OF BOOK 2 Printed by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001 Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.za Publications: Tel: (012) 748 6053, 748 6061, 748 6065 Vol. 734 Pretoria, 21 August Augustus 2026 No. 55211 PART 2 OF 2 B LEGAL NOTICES WETLIKE KENNISGEWINGS SALES IN EXECUTION AND OTHER PUBLIC SALES GEREGTELIKE EN ANDER OPENBARE VERKOPE 5 5 2 1 1 130 No. 55211 GOVERNMENT GAZETTE, 21 AUGUST 2026 Montague Drive and BP Road, Montague Gardens, Western Cape, to the highest bidder subject to a reserve price of R375 000,00; also subject to the following and further conditions which will be read out by the sheriff at the sale: A Unit consisting of; (a) Section 102 as shown and more fully described on Sectional Plan No. SS81/2021, in the scheme known as AVENOIR, in respect of the land and building or buildings situated at BROOKLYN, in the City of Cape Town, Division Cape, Province Western Cape, of which section the floor area, according to the said section plan, is 45 (Forty Five) square metres in extent; and (b) an undivided share in the common property in the scheme apportioned to tbe said section in accordance with the participation quota as endorsed on the said sectional plan. HELD by Deed of Transfer no ST6025/2023. Description: The following information is supplied, but nothing is guaranteed: The property is improved and consists of a double story flat with plastered walls, two bedrooms, bathroom, toilet, kitchen, balcony and parking bay, with fencing around the property. Conditions of payment: Ten percent (10%) of the purchase price plus all sheriff's commission must be paid in cash immediately after the sale. The balance is payable against transfer and must be guaranteed by a bank guarantee approved by Plaintiff's Attorneys, which guarantee must be handed to them within 21 days after the date of sale. Conditions of sale: The full conditions lie for inspection at the offices of the sheriff for the High Court, Cape Town East. (Ref. X A Ngesi; Tel. 021 465 7580). Dated at TYGER VALLEY, 21 AUGUST 2026. Attorneys for Plaintiff(s): FOURIE BASSON & VELDTMAN, Tijgerpark 5, Uit Willie van Schoor Rylaan, Tygervallei. Tel: (021) 929 2600. Fax: (021) 914 6600. Ref: JF/MVH/N2885. -.

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.