1 Bedroom Apartment in Saxony
410960 · Durban Coastal · Durban Central · 1 bed · 61 m² · sectional · auction 6 Aug 2026
○No reserve
?Review, market
3 days
Auction details
| Auction date | 6 Aug 2026 |
| Auction venue | DURBAN COASTAL, 4 ARBUCKLE ROAD |
| Held by | Sheriff Durban Coastal |
Gross yield
not computed
no rent held for Durban Central
Under market
—
no comparable value held
Firm, figures that exist
| Bid price, modelled band floor | R 50 000.00 |
| Sheriff's commission | R 3 000.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 450.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 78 450.00 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 80 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| Levy arrears | R 0.00 – R 60 000.00 |
| Eviction | R 0.00 – R 45 000.00 |
| Holding cost | R 4 500.00 – R 13 500.00 |
| Provisioned range | R 4 500.00 – R 248 500.00 |
Cash
| On auction day | R 8 450.00 |
| Balance by 27 Aug 2026 | R 45 000.00 |
| All-in, floor to ceiling | R 78 450.00 – R 794 200.00 |
| All-in per m² at the ceiling | R 13 019.67 |
Recited by the notice · 5
| Evidence read | 2026-07-31 |
Flags · 3
!conveyancing_bands
!commission scale not recited in the notice - configured fallback used
!VAT status is not recited, and notices do not state it: modelled as a transfer-duty sale at R0. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R7500 in its place.
The municipal arrears figure is a provision, not a quote. A non-owner may not obtain the clearance figure from the municipality; the sheriff gives an estimate on the day. Do not bid against the midpoint of this range.
Attorneys for the execution creditor: J SAYED AND ASSOCIATES (031 266 4165). This is the practical route to an arrears figure before auction day.