on-line zoom & live auction

1

Terms & Conditions

Please note that in order to be approved for bidding, you are required to send us: Proof of Payment & Original Proof of FICA Documents. R 50 000.00 Registration Deposit by EFT must be paid. All bids are exclusive of Commission + VAT.

Ian Wyles Auctioneers may bid up to reserve on behalf of the sellers. The above is subject to change without prior notification.

Auctioneer: Ian Wyles

ON-LINE ZOOM & LIVE AUCTION

LIQUIDATION PROPERTY

“EAGLES COUNTRY LODGE”

12 FYVIE ROAD, HOWICK

KWAZULU NATAL

WEDNESDAY, 24 FEBRUARY 2021 @ 11:00 AM VENUE: LEVEL 1, MAGNET BUILDING, EDSTAN BUSINESS PARK, RIVERHORSE VALLEY, DURBAN

CRAIG WOOD: 083 799 4403 | 031 579 4403

WWW.IANWYLES.CO.ZA

Viewing by Appointment only

2

Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person

Property Summary

Locality Maps

Pictures

Additional Information

Auction Information

Deposit 10% of bid price payable by The Purchaser on the fall of the hammer

Commission 6% plus VAT thereon of the bid price payable by the Purchaser on

the fall of the hammer

Terms and Conditions

If you are the successful bidder, the following is applicable:

• 45 Day Guarantee Period from confirmation of sale by the Seller

• Possession & occupation of property on registration

• Electrical (including electric fencing), woodborer and gas compliance for the

Purchaser’s account, if applicable

Banking Details

Ian Wyles Auctioneers and Appraisers (PTY) LTD - (EAAB Approved Trust Account)

Account Number – 40-9642-2381

Branch Name – Absa Bank Durban North

Swift Code – ABSA ZA JJ

Branch Code – 632005

Reference: Use Name and Property Address

CONTENTS 12 FYVIE ROAD, HOWICK

3


General

Property Address 12 Fyvie Road, Howick, KwaZulu Natal

Title Deed Information

Title Deed Number T15310/2009

Title Deed Description Ptn 134 [Ptn 115] Farm 950 Allemans Drift

Reg Div: Ft Kwazulu Natal

Extent 4469 m²

Municipal Value R 4 000 000.00

Locality

The subject property lies to the South of central Howick within anode of properties

comprising, commercial and residential estates.

Fyvie Road is a cul-de-sac road leading off the R103 at Howick West and has River Goose

Residential Estate at its end.

The Eastern boundary fronts onto the Umgeni River.

Local schools, the central business district, shopping centres and the Umgeni Hospital, are

all within 2km of the property.

General Comments

The subject property is in fair condition. Please note that we have not undertaken a structural

survey, nor have we arranged for tests of inspections of the service installations.

INFORMATION 12 FYVIE ROAD, HOWICK

4


Improvements

The subject property operates as “Eagles Country Lodge” and comprises 13 (thirteen)

buildings, mainly used for Residential Accommodation, a Bar & Restaurant, Conference

Room and Workshops.

Accommodation Includes:

Building 1 (± 726 m²):

• Pub & Restaurant Area

• Conference room

• Kitchen

• Office

• Male & Female Toilets

• Ablutions

• Staff Toilet


• Suite 1: tiled flooring fitted with 2 x ceiling fans and tiled en-suite bathroom, comprising:

2 x shower, 2 x hand basins and 2 x toilets

• Suite 2: tiled flooring and fitted with tiled en-suite bathroom, comprising:

2 x showers, 2 x basin and 2 x toilets


• Suite 3 (Angel Room): tiled flooring open plan room fitted with kitchenette, ceiling

fan and en-suite bathroom, comprising: bath, toilet and hand basin

• Suite 4 (Duck Room): tiled flooring open plan room fitted with kitchenette, ceiling

fan and en-suite bathroom, comprising: bath, toilet and hand basin


5



• Laundry

• Suite 5 (Bonamanzi): tiled open plan kitchen, lounge and dining area fitted with

ceiling fan, built-in cupboards and double bowl sink, 2 x dormitory-style bedrooms,

each having an en-suite bathroom, each comprising: 2 x showers, 2 x toilets, 2 x hand

basins


• 2 x bedrooms

• Open Plan Kitchen, Lounge & Dining Area

• Bathroom

• Garage


• Kitchen with Scullery

• Lounge / Dining Area

• 4 Bedrooms

• 2 Bathrooms

• Separate Toilet

• Linen Storeroom

• Front Porch


• Office

• Electrical Room

• Workshop


6



• Suite 6 (Orange Room): tiled open plan living area with kitchenette, ceiling fan,

4 door built-in cupboard, separate toilet with hand basin and separate shower

Buildings 9 & 10:

• Kitchen, Lounge & Dining Area

• 1 Bedroom: tiled flooring with 2 door built-in cupboard and en-suite bathroom, fitted

with shower, toilet and hand basin

Building 11:

• Bedrooms 1 – 7: tiled flooring, each fitted with kitchenette, ceiling fan and en-suite

bathrooms


• 6 x Back-To-Back Kennels with concrete flooring and steel mesh front


• Kitchen

• 3 x Bedrooms

• Bathroom

• Verandah

Other Improvements:

• 2 x Thatched Lapas (60 m² each) with gravel flooring

• Swimming Pool


7


Expenses

Monthly Rates : ± R 4 233.00 (Estimated)

Value Added TAX

The Seller is a VAT vendor. VAT applies over and above the Purchase price.

Lease/ Occupancy

The Property is owner occupied.


8


BUILDING 1

IMAGES 12 FYVIE ROAD, HOWICK

9


BUILDING 2

BUILDING 3


10


BUILDING 4


11


BUILDING 5

BUILDING 6


12


BUILDING 6


13


BUILDING 7

BUILDING 8


14


BUILDINGS 9 & 10


15


BUILDING 11

BUILDING 12 BUILDING 13


16


OTHER IMPROVEMENTS


17


AERIAL 12 FYVIE ROAD, HOWICK