House on large stand requires attention of DIY enthusiast
The auction of a Scarborough property will give those who love the sea and nature “the chance of a lifetime” to acquire a well-built house at below current market values for properties in the coastal village, says Dan van Zyl, auctioneer and owner of Ikaya Properties.
The movable assets at the property will be sold separately at the same auction.
Scarborough was designated a conservation area in 1996 and is surrounded by natural landscape.
“The mountains stand tall around it, the ocean lies before it, and the serene beach offers a place to relax,” Van Zyl says.
“The ocean offers opportunities for fishing, surfing, body-boarding, kite-surfing, kayaking, windsurfing and crayfishing.”
The home to be auctioned is situated on a large stand within sight and smell of the ocean, he says. The erf size is 1138m², and the house and outside buildings cover about 192m².
The property, at 4 Mimosa Street, forms part of a deceased estate.
“The family home offers an entrance hall; a spacious lounge and separate dining room which lead out to a partially enclosed veranda with limited sea views; three bedrooms, one of which is a double-sized bedroom converted from two smaller rooms; a kitchen; a huge pantry; and a bathroom.
“Inside, there are beautiful arches, and Oregon pine doors, frames and floors,” he says.
“In addition, there is an old two-room outbuilding at the back of the erf with access from Melkhout Street, and also a single garage in poor condition, which has no direct access from the road and can only be used for storage.”
The sturdy home, which requires a fair amount of attention and which Van Zyl describes as “a handyman’s dream”, will be sold without a reserve price, subject to confirmation by the executor.
Van Zyl believes that because of the poor condition of the property, it will attract attention from DIY enthusiasts who are looking for a “fixer-upper” that can later be sold at a profit, and also from investors and speculators.
He says early occupation of the property can be arranged, and all outstanding rates and taxes will be paid by the estate.
The auction will be held on site at 11am on June 12. The property may be viewed from 9am on the day of the auction.
Potential bidders will be required to provide copies of their identity document and proof of residence for registration.
There are no related registration fees. However, the conditions of sale by auction require that a 10% deposit, as well as the auctioneer’s commission, be paid by electronic transfer or bank guaranteed cheque on the day of the auction, or as previously arranged with the auctioneer.
“Guarantees must be provided within 30 days of confirmation of the sale,” Van Zyl says.
The movable assets on offer include antique furniture, such as dressing tables, wardrobes, chairs, tables, ball-and-claw pieces, a sideboard and a hall stand, as well as more modern pieces and household items such as fridges.
“All the furniture requires restoration, with some pieces needing more attention than others,” says Van Zyl, adding that payment for these items must be made in cash or by EFT on the day of auction.
For more details, photographs and a complete inventory of the auction items, call Dan van Zyl on 0218543711 or 0824583867 or email email@example.com