SALE BY TENDER
The estate has been placed under sequestration and the Trustees (being Messrs Glen Vivian Usher N.O. and Jeannine Elizabeth Saffy N.O. (the “Trustees") have made the decision to dispose of the Immovable Property by way of a Tender Process. The Trustees have appointed Peter Maskell's Auctions ("Peter Maskell Auctioneers") as their agent.
We are pleased to invite you to participate in the Tender Process in respect of the Proposed Transaction. Details are set out hereunder.
Tender closing date: Wednesday, 12th April 2023 at 12h00
Tender delivery: Tenders are to be delivered in a sealed envelope to JV Hart Executors of Estates Unit 1, Building C, 460 Townbush Office Park, at Cascades, Pietermaritzburg, 3201, South Africa & marked “Insolvent Estate TK & VTZ Khanyile - Tender document” - Attention: Kate Guiot
PROPERTY DESCRIPTION
Remainder of Portion 25 of Erf 1 Kloof (Extension no. 1), Registration Division FT in the EThekwini Municipality, Province of KwaZulu-Natal with a total extent of 7842sqm
Lower level: large double volume reception area, formal lounge, study, 2nd lounge, large glass enclosed verandah, O/P lounge and kitchen serviced by a pantry & scullery. Entertainment area with bathroom, billiards room and a fully fitted cinema room, further two en suite bathrooms located in this area.
Upper area: fitted office, 5 en-suite bedrooms with a large main bedroom comprising of a dressing room, and a large bathroom. The upper bedrooms have access onto the wrap around veranda which has views over the sprawling garden and entertainment area.
Further improvements: Two double garages; Covered entertainment area overlooking the swimming pool; Servant’s quarters comprising of 3 rooms, ablutions and an open plan lounge kitchen area. Site improvements: Boundary walls with electric gate; Swimming pool; Tennis court; Asphalt driveway and paved driveway area.