7 Lagoon Street - MR144825

Apartment in Durban Central, Durban - CBD, Kwa-Zulu Natal

R 850,000

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Standard Bank Insolvent Property

Transaction in Progress for R 620,000

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2
74m2
7 Lagoon Street - MR144825
Apartment in Durban Central, Durban - CBD, Kwa-Zulu Natal
R 850,000
Standard Bank Insolvent 2 Bedroom Apartment for Sale For Sale in Durban Central - MR144825
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Front View of property in Durban Central
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Spaces of property in Durban Central
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Spaces of property in Durban Central
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Spaces of property in Durban Central
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2
74m2
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Key Features

Rooms

  • 2 Bedrooms
  • 2 Bathrooms
  • 3 Living Rooms

Services

  • Rates and Taxes R59375

Kitchen

  • Kitchen 1 Kitchen

More Features

  • Property Type - Apartment
  • Seller Type - Standard Bank Insolvent
  • Erf Size - 74m2
  • Price per square erf meter - R11,486 per m2

MyRoof Stats

  • 1468 Views
PID=144825 DID=135009 SID=14

Location

Please note that while we do our best to ensure that every property’s floor plan and location is correctly mapped, we cannot guarantee accuracy.
Please Contact Us should you have any queries.

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Bank Insolvent

General information on buying this type of Bank Insolvent property:

  • The offer, once signed by the Purchaser, will be open for acceptance by the Seller for a period of 30 days. Should the Seller elect not to accept the offer, the Purchaser shall have no claim against the Seller or MyRoof for failure of such acceptance.
  • If accepted, the offer is subject to approval of the sale by the Court of the Master of the High Court within 60 days of the Seller accepting the offer (or such extended date as parties may agree to).
  • A 10% deposit of the purchase price is payable by the Purchaser within 3 days of the offer being accepted by the Seller.
  • Transfer duty and legal conveyancing costs are payable by the Purchaser.
  • Should the Seller be a VAT vendor, then the purchase price will be exclusive of VAT and shall be for the account of the Purchaser. Either transfer duty or VAT will be payable (not both), depending on the circumstances
  • The property is sold voetstoots (meaning "as is").
  • Occupation will be given on date of transfer, unless otherwise agreed. The Seller does not warrant that the Purchaser will be able to obtain vacant occupation of the property. The property is sold subject to existing tenancies.
  • Where the property is guarded, an appointment must be made with the specific security company prior to viewing the property.
  • The Purchaser shall be liable to obtain all compliance certificates in respect of the property (e.g. electrical compliance certificate).

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Notes by Standard Bank

This is a Standard Bank Mandated Property. If you are interested in this property, use our online Make An Offer process. Standard Bank only accepts offers made in this manner. Email any queries to StandardBank@myroof.co.za.

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The steps involved in buying this property is similar to that of buying any other property. All offers are made Online on MyRoof.co.za. Once your Online Offer has been accepted, Standard Bank will require you to complete and sign the Offer to Purchase and fax it to 086 517 0269. You need to send us certified copies of your ID book as well as proof of residential address (water and electricity bill). If you require finance for this property, you can apply at any bank for a bond, as you would do on any other property. You need to take the signed Offer to Purchase to them with the application documentation. Read Standard Bank frequently asked questions for more info about Standard Bank Insolvent Property

Standard Bank Disclaimer
This list is produced by the Standard Bank of South Africa Ltd ("the Bank") for information purposes only. All properties are sold "voetstoots" (meaning as is), and prospective purchasers' are advised that the Bank does not guarantee vacant occupation of the properties being sold, and purchasers will have to obtain vacant occupation at their own cost. You are advised to consult the relevant Deeds Registry Office for accurate information pertaining to a particular property, such as size, endorsements, servitudes etc. By making an offer on any property advertised on MyRoof.co.za, online, or using any other medium you warrant that you understand that making an offer is not a bidding process and Standard Bank, in its sole and unbiased discretion, and for whatever reason retains the right to accept or reject any offer at any time for whatever reason and is not obliged to accept the highest offer. All users of the information on this website do so at their own risk. Neither the Bank nor MyRoof.co.za will be liable for any losses of whatsoever nature incurred, as a direct or indirect result of the use of the information on this list.

Erf Details: 7 Lagoon Street - ERF UNIT 151 SS SHANGRILA KINGSBURGH DURBAN

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Notes about this property by MyRoof

This apartment is for sale in Durban Central. This is a Standard Bank Insolvent Property .

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Durban Central has the following point of interest, these include Amanzimtoti (29km), Durban Int Airport (17.4km), Kings Park Stadium (3.7km), North Beach (1.7km), The Pavillion Centre (10.8km), Umhlanga Rocks (13.9km), Ballito (41.8km), Ushaka Marine World (3.1km), N2 (7.9km) and N3 (0.7km)

This single storey apartment floor area was not measured but the erf size was measured at 74m2.
This apartment has monthly rates or ground taxes payable to the amount of R 59,375.

If you make an online offer using the Make An Offer button MyRoof will let you know if your offer was successful with the bank. To make an offer takes less than a minute.

Many people invest in Mandated or distressed property because these properties are competitively priced and offer excellent value for money.

Looking to sell your property in Durban Central? Via MyRoof, you can sell house in a few easy steps, with professional help, every step of the Sell My House way. We've achieved 179 private property sales in Durban Central. Because of our superior offering, there is a high demand from people to sell property in Durban Central. To market your house online for free, click on the "Sell My Property" tab at the top of the page or the "Sell House" button on the right of this page.

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