Date : 28-01-2020

Donga, Francistown

Residential

Plot 5613 Francistown (Donga)

Bids commence at 320000

 

Agent

Property Location

Street Name :

Area : Donga

City : Francistown

Overview

A unique residential investment opportunity likely to offer a good return on investment for both occupiers and investors. The property is easily accessible and centrally located in close proximity of schools, clinics, leisure and shopping facilities, as well as major business centres.

Key Features

Possession Status : Owner

Status : Available

Internal Specifications

House Type : Independent House

Plot Size : 420

Building Size : 135

Bed Rooms : 3

Bath Rooms : 1

Dinning? : Yes

Kitchen Open Plan? : Yes

External Specifications

Electric Fence? : Yes

Screen Wall? : Yes

Utilities and Levies

Services with Power and Water? : Yes

Tenure : Fixed Stat Grant

Sale Format

Deed of Fixed Period State Grant for a period of 99 years from 18th June 2013. The sale format is a sale in execution (deed of transfer), transfer of the Property into the name of the Purchaser.

Description

The property is easily accessible just off a tarred road and is encompassed by a boundary wall and accessed via a sliding gate. This lovely home comprises of three bedrooms with quality finishes. Two of the bedrooms have fitted cupboards. There is a spacious lounge, open plan fitted kitchen (cupboards and sink), dining, common bathroom (bath, toilet and wash-hand basin) and guest toilet.
This lovely home is complete with ceramic tiling. The property is serviced with power, water and sewerage.
There is ample space at the back of the property for more developments/ extensions.

Auction Details

Viewing Date : February 25, 2020

Auction Date : February 25, 2020

Auction Venue : The auction will take place at the Property

Getting there

From Francistown’s CBD, drive eastwards in the direction of Marang Hotel/ Tati River Lodge/ Molapo Estate. Pass Nyangabwe Hospital on the left and turn left by KFC. Take 2nd left turn and immediate right. It’s the 3rd property on the left with a brown sliding gate. Plot 5612.

IMPORTANT NOTICE TO BIDDERS

Transfer will be undertaken by the Conveyancers appointed by SFB Auctions

  1. When doing your budget for the auction, please remember that you are required to add 7.5% exc. VAT (fees) on top of your final bid price.
  2. If you are the highest bidder, ON THE DAY OF AUCTION, you will be required to pay 12.5% as a deposit, that is 5% plus the 7.5% Fees mentioned in Point 1 above.
  3. 5% goes towards the Purchase Price. Therefore your BALANCE will be the bid price less the 5% deposit paid immediately post-auction, the balance is payable within 14 days of the auction date.
  4. Note that for your own security a Bank Guaranteed Cheque and NOT Cash is recommended.

 

NB: The above fees DO NOT affect your budget. All you need to remember is to calculate the fees onto your final bid price so that you do not exceed your budget. Each and every bidder is subject to these fees.

An example based on a final Bid Price of P1 million:

Deposit = P12.5% of P1,000,000; therefore the deposit is P134,000 (inc. VAT on fees);
Made up of P84,000 (inc. VAT) as fees and P50,000 towards the bid/ purchase price;
The balance payable is therefore P1,000,000 minus P50,000 = P950,000