2 Bedroom Apartment
423590 · Germiston North · Primrose Hill · 2 bed · 67 m² · sectional · auction 5 Aug 2026
+Pass, reserve
?Review, market
2 days
Auction details
| Auction date | 5 Aug 2026 |
| Held by | Sheriff Germiston North |
Value indicators
| Last sold price | R 635 000.00 |
| Sale date | 2020/06/22 |
Gross yield
not computed
no rent held for Primrose Hill
Under market
—
no comparable value held
Firm, figures that exist
| Bid price, reserve published on the listing | R 320 000.00 |
| Sheriff's commission | R 13 700.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 2 055.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 360 755.00 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 90 000.00 |
| 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 258 500.00 |
Cash
| On auction day | R 97 755.00 |
| Balance by 15 Aug 2026 | R 288 000.00 |
| All-in, floor to ceiling | R 360 755.00 – R 652 543.00 |
| All-in per m² at the ceiling | R 9 739.45 |
Registered against the title · 1
| Bond, S B Guarantee Co Rf Pty Ltd SB25061/2020 | R 635 000.00 |
Recited by the notice · 9
| Registration to bid, refundable | R 50 000.00 |
| Case number | 129355/2023 |
| Evidence read | 2026-07-31 |
Flags · 4
!conveyancing_bands
!commission scale not recited in the notice - configured fallback used
!the municipal arrears ceiling is aged to the 2023-opened case: R90000 against the R80000 base, at R30000 a judgment-year capped at R240000 - unconfirmed model parameters, and still a provision, not a quote
!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 R48000 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: VEZI DE BEER ATTORNEYS (012 361 5640). This is the practical route to an arrears figure before auction day.