Date : 28-01-2020

Satellite, Francistown

Residential

Plot 15624 Francistown (Satellite)

Bids commence at 280000

 

Agent

Property Location

Street Name :

Area : Satellite

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, 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 : 632

Building Size : 102

Bed Rooms : 2

Bath Rooms : 2

Lounge? : Yes

Kitchen Open Plan? : Yes

External Specifications

Utilities and Levies

Services with Power and Water? : Yes

Billing : Utilities meters Separate

Tenure : Fixed Stat Grant

Sale Format

Deed of Fixed Period State Grant for a period of 99 years from 14th December 2016. 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 by tarred road, it comprises of main house, an outbuilding and an ‘outhouse’ toilet (not a house pit-latrine).
The main house is complete with modern, high quality finishes throughout, and comprises of two spacious bedrooms, fitted cupboards, a common bathroom (bath, toilet and basin), an open plan lounge and fitted kitchen with stove, oven and fitted cupboards with granite tops.
The outbuilding is comprises of three rooms and a separate outhouse comprises of a toilet and a wash hand basin. The property is serviced (utilities connected and there is ample space at the back of the property for more developments/ extensions.

Auction Details

Viewing Date : September 12, 2019

Auction Date : September 12, 2019

Auction Venue : The auction will take place at the Property

Getting there

From Francistown’s CBD, drive eastwards in the direction of Marang Hotel. Pass Nyangabwe Hospital on the left and then KFC and Sefalana (both on the left). Turn left at the next traffic light with Sunshine Plaza on the right. Take the 2nd left turn and get to a T-junction and turn left then take immediate right turn and it’s the 4th property on the right. Plot 15624.

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