Property report · census 3 Aug 2026
425241 · 1 Bedroom Apartment
Foreshore, Unit 139 Grand Central
The auction
When
3 Aug 2026
Monday · 0 lead days
Held by
Sheriff Wynberg North
Western Cape
Where
Not re-read yet
the venue is on the notice and the source's page
Cash on auction day
R 21 644
balance R 120 443 by 24 Aug 2026
All-in cost
R 167 088
to R 446 087 at full provisions
Discount to market
0.0%
value R 446 087
Gross yield
—
market reference 10.9%
The money ladder · bid basis: anchored
| Bid band (anchored) | R 133 826 – R 163 145 |
| All-in ceiling | R 446 087 |
| Walk-away price | R 163 145 |
| Market value | R 446 087 |
Firm cost at the bid floor · R 167 088
| Bid price | R 133 826 |
| Sheriff's commission, incl VAT | R 8 262 |
| Transfer duty | R 0 |
| Conveyancing | R 25 000 |
| Firm cost per m² | R 4 641 |
Provisions, floor to ceiling · R 4 500 – R 248 500
Municipal arrears
R 80 000
Remediation
R 50 000
Levy arrears
R 60 000
Eviction
R 45 000
Holding cost
R 13 500
Evaluation states
○
reserve · no reserve
✓
size · pass
✓
walk away · pass
?
market · review
Apartments in this suburb · average sale price by year
Suburb context only — it corroborates a value and never produces one.
Provenance
| Case opened | 2024 |
| Oldest bond registered | 2022 |
| The firm's live book | 5 sales in this census |
Warnings · 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 R20074 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. Assumptions version 3. Modelled from the census of 3 Aug 2026; nothing here is a valuation of a property nobody has inspected.