Hoki or stand or shack for sale in cape town8532 in Khayelitsha

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Live & Online Multi Property Auction – 29 May 2025 @ 11:00 Cape Town Auction VenueDHL Stadium formerly known as Cape Town Stadium (Players Mixed Zone - Level 00, Parking - Level 1 Foyer A) Fritz Sonnenberg Road, Green Point, Cape Town JHB Auction VenueBryanston Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, BryanstonERF 555Stand Size: +/- 179sqmZoning: Single Residential 2 (SR2)Special Conditions for Registration:The Property is sold subject to the following conditions:The Purchaser must be South African citizen with a valid ID; or permanent resident with a valid permit;The purchaser must be over 18 (eighteen) years and competent to legally contract;The Purchaser must be First Time Home Buyers meaning that the Purchaser may not be the owner of property.The Purchaser must qualify in terms of the financial requirements of the Council in respect of affordable GAP housing, such requirements being that the Purchaser must earn a monthly gross salary of between R13000.00 (Thirteen Thousand Five Rand) and R22 000.00 (Twenty Two Thousand Rand);May not have received a government housing subsidy before;No informal dwellings may be constructed the Property;The Property may only be used for the erection of a residential dwelling;The Property may be sold at any time after transfer of registration in the name of the Purchaser, on condition that it was improved by the erection of a residential dwelling (no informal dwellings);The Property may not be sold within 5 (Five) years of date of purchase, if it was not developed by the building of a residential dwelling; andShould the Purchaser wish to sell the undeveloped Property be after 5 (Five) years of date of signature of this agreement, the Council will have the first right of refusal to purchase the Property at the same price as the Purchase Price. Should the Council elect not to exercise this first right of refusal, the Purchaser may sell the Property to any prospective buyer.In the event of the subject property ceasing to be used for the purpose originally intended, reversionary rights are triggered as provided for in clause 1.3 of this agreement. In addition to these reversionary rights or as an alternative to them the Seller reserves the right to demand compensation equal to the difference between the actual purchase price and the current fair market value of the property.Property Reference #: 117906Agent Details:Myron LouwThe High Street Auction Company (Pty) LtdThe High St Auction Co.Ground Floor, Building C, Knightsbridge33 Sloane StreetBryanston219

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The High Street Auction Company (Pty) Ltd

Khayelitsha