Duly authorised by the Trustee of Insolvent Estate Piet Bakker Familietrust, we will sell by PUBLIC AUCTION, ON-SITE TOGETHER WITH WEBCAST FACILITY
PROPERTY OFFERING VERSATILE LONG- & SHORT-TERM ACCOMMODATION, LADISMITH, KLEIN KAROO
Auction date: Thursday, 14 November 2024 @ 14:00
Venue: 20 Koningin St, Ladismith, Western Cape
Online bidding: Webcast facility available for online bidding at online.vanrensburgsauctions
Property details:
(1) Erf 229 Ladismith, Kannaland Municipality
Meas: 2855m²
(2) Remainder of Erf 230 Ladismith, Kannaland Municipality
Meas :1828m²
Auction procedure:
One auction will be conducted. The two properties will be sold together (not separately).
Overview:
Little Karoo charm at its best! The properties are located at 20 and 22 Koningin
Street, in the Little Karoo town of Ladismith, on the R62 tourism route. The property was previously operated as guest accommodation on a short-term basis, together with long term rental of the cottages and flatlets. A potential income stream from the 6-bedroom manor house (former guesthouse), 2 separate 2-bedr cottages and 3 self-contained 1-bedroom flatlets, with the 4th flatlet requiring final finishes for completion, can be obtained.
Improvements on Erf 230 Ladismith
(1) Manor house (previously the guesthouse) (±520m²)
• Lounge with fireplace
• Dining room with fireplace
• Bathroom
• 6 x Bedrooms with en-suite bathrooms
• Bathroom
• Kitchen with partial built-in-cupboards and original fireplace
• Entrance hall
• Large undercover front veranda
• Undercover stoep (rear of property) with built-in-braai
(2) Other improvements
• 1 x Room (for caretaker) with small kitchen and bathroom (shower & toilet) (±16m²)
• 1 x Separate laundry (±35m²)
• 1 x Store-room (±30m²)
• 5 x Covered parking bays
• 2 x 2500l water tanks
Improvements on Erf 229 Ladismith
(1) Main dwelling / cottage (±270m²)
• Entrance hall
• Lounge / dining room with fireplace
• 2 bedrooms
• Study
• Bathroom
• Laundry
• Kitchen with enclosed stoep room
• Undercover verandas
(2) Smaller cottage (±100m²)
• Composition unknown
(3) Building with flatlets, office etc. (±360m²)
• Rooms 1 – 3 consisting of open plan kitchen / lounge, bathroom and bedroom on mezzanine level
• 4th room is incomplete
• Office
• Gym / store-room
(4) Other
• Swimming pool
• Braai lapa area
Summary of Auction Conditions of Sale
• Purchaser pays 10% deposit & 7% commission (plus VAT) on day of auction.
• There will be a period for higher offers after the auction. One confidential higher offer per purchaser is allowed after the auction, which will close on 21 November 2024 at 12:00 noon. Any offer made after the auction will only be regarded as a valid offer if the deposit and auctioneer’s commission have been paid and cleared into the auctioneer’s bank account and the offeror has signed the Conditions of Sale before November 21st at 12:00 noon. The sale shall be subject to confirmation by the Seller by 5 December 2024; however the Seller may accept or decline the offer before 5 December 2024.
• The highest bidder will be held bound to his bid until 5 December 2024.
• Balance of the purchase price is payable against registration of transfer.
• The Purchaser shall within 30 days of acceptance of this offer by the Seller, furnish the Seller’s Conveyancers with a guarantee by a registered financial institution and acceptable to the Seller, for the payment of the balance of the purchase price.
• VAT payable by the purchaser on the purchase price.
• OCCUPATION and POSSESSION of the property shall be given by the Seller to the Purchaser on the date of registration of transfer into the name of the Purchaser, when all benefit and risk in the property shall pass to the Purchaser.
• All conveyancing work in connection with the transfer of this property shall be effected by the Seller’s attorneys. All costs to the giving and taking of transfer and registration will be paid for by the Purchaser.
• Property sold VOETSTOOTS
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