Apartment / flat on auction in Sibaya Precinct

Duly instructed by the duly appointed liquidators in the matter of Redfair Investments (Pty) Limited (In Liquidation) Master’s Reference No. N000037/2025 Section number 2 SS Coral Point, Sectional Scheme no. 247/2019 situated at Portion 9 of Erf 3 Sibaya located in the eThekwini Municipality, Province of KwaZulu-Natal in extent of 59qm and known as Door number W002 Coral Point, 18 Heleza Boulevard, Sibaya Coastal Precinct, Tongaat Beach, Kwazulu-Natal The property is a sectional title unit located in Coral Point which is a modern, resort-style residential development situated within the Sibaya Coastal Precinct on the KwaZulu-Natal North Coast. The unit is located on the lower ground floor of the complex and comprises a one-bedroom flat. The accommodation includes a small open-plan lounge, dining, and kitchen area with access onto a veranda overlooking the garden, offering distant, uninterrupted sea views. The unit has one allocated parking bay and enjoys access to the complex clubhouse, gym, and pool facilities. The unit is in good condition. Coral Point is a secure, modern development offering residents: • 24-hour access-controlled security • Communal swimming pool • Fully equipped gym facilities • Clubhouse and landscaped communal areas • Direct integration with the natural coastal environment The estate is designed to deliver a resort-style living experience, making it highly desirable to both residents and tenants. The property is positioned within the prestigious Sibaya Coastal Precinct, one of KwaZulu-Natal’s fastest-growing residential and investment nodes. Key location benefits include: • Immediate access to the M4 and N2 highways • Close proximity to uMhlanga and Umhlanga Ridge • Approximately 10 minutes from King Shaka International Airport • Nearby retail, dining, and entertainment facilities, including Sibaya Casino • Easy access to beaches and coastal walkways This prime positioning ensures strong ongoing demand and long-term capital growth potential. Investment Appeal The Sibaya precinct continues to experience sustained demand due to: • Ongoing infrastructure and development expansion • Limited availability of secure sectional title units • Strong appeal to both local and out-of-town buyers • High rental demand, particularly for secure, low-maintenance apartments This property is ideally positioned as: • A rental income-generating asset • A short-term letting opportunity • A long-term capital growth investment Auction Details: Timed Online Auction Bidding Opens: 24th June 2026 @ 11h00 Bidding Closes: From 11h00, 25th June 2026 Auction registration terms apply. *Online Auction Notes • If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min • If any further bidding occurs, the extension timer will reset to 10 min. • If no further bidding activity occurs, the lot closes when the timer runs out

18 Heleza Boulevard, Sibaya Precinct, Umhlanga, KwaZulu-Natal