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DALRIACH HOUSE, OFFICE BUILDING UP FOR GRABS

17/08/2018 03:53:00 BY PHEPHILE MOTAU

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MBABANE – An office building in Ngwenya and property in Dalriach will be sold by public auction today.

The two properties will be sold at the High Court of Eswatini, starting from 10.30am. The properties failed to attract bids in the previous actions. The office building will be sold pursuant to a writ of execution that was issued in the matter of First National Bank against Kapson Investment (Pty) Ltd.
Other respondents in the matter are Frederick Bonginkosi Mapandzene, Nomvuyo Kua Mgulwa Mapanzene.

The property measures 2670 square metres. It has a wall fence with palisades.
The structure, with four offices and a conference room, is located at portion number 60 of farm number 1209 at Ngwenya. The plot, which has vacant land suitable for the construction of either a house or more offices, sits on a plot measuring 2670 square metres.

The property has adequate parking space with carports that could accommodate up to eight motor vehicles and air conditioned rooms including the reception area.
The office space that could accommodate up to 10 employees has a reserve price of E900 000.

Meanwhile, the Dalriach property includes a double-storey, three-bedroom house, a cottage and a detached two-bedroom house. The property which sits on land measuring 2 000 square metres has a reserve price of E2.1 million.
The house will be sold after a writ of attachment was issued in the matter between First National Bank and Odelle Adams.

The houses sit on the remaining extent of portion 379 (a portion of portion 52) of Farm Dalraich No.188 on land measuring 2 000 square metres.
The conditions of sale include that the purchaser shall pay a deposit of 10 per cent of the purchase price upon the fall of the hammer, immediately after being called to do so by the auctioneer.

The balance against transfer shall be secured by a bank of Building Society guarantee cheque, and is to be furnished to Adams’ attorney within 21 days after the date of sale.
The purchaser will also be required to pay auctioneer’s charges on the day of sale, and in addition, transfer duties, costs of transfer and arrear rates, taxes and other charges necessary to effect transfer.