Property Prospectus

NEDEK CONSULTING CC (IN LIQUIDATION) MASTER‘S REFERENCE NUMBER: T1305/18

PROPERTY PROSPECTUS

PORTION 116 OF THE FARM NIETGEDACHT NO. 535, JQ DISTRICT OF THE CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY, GAUTENG PROVINCE

PORTION 116 OF THE FARM NIETGEDACHT R114, NIETGEDACHT JOHANNESBURG, GAUTENG PROVINCE

AUCTION: Day….Month…2020 AT …….

Auctioneer: Roy Lazarus

Unit Number 10, Ferndale Mews North, Cnr Oak & Dover Road, Ferndale, Randburg, 2194 Tel: (011) 789-4375 Fax: (011) 789-4369

CONTENTS

1. Disclaimer ...... 2 2. Conditions of Sale ...... 3 3. Property Description ...... ………………………….. 4 a. The Stand b. The Improvements c. Municipal Information 4. Attachments ...... …………………………... 6 - 14

DISCLAIMER

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information and neither will be held liable for any loss or damages resulting from any errors or omissions in the information herein provided, whether due to the negligence or otherwise of Park Village Auctions or the Sellers or any other person.

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

CONDITIONS OF SALE

Deposit: 15% of the Purchase Price payable on the day of the auction

Commission: Buyer’s commission of Six (6%) plus VAT payable on the day the auction

Confirmation Period: Fourteen (14) Business Days from date of signature

Occupation: Occupation is the date of written acceptance of the offer by the Seller

Risk, Control & Insurance: The sole risk and control and benefit in and to the property shall, unless otherwise agreed in writing and signed by both parties, pass to the Purchaser on the date of written acceptance of the offer by the Seller and from that date, the Purchaser shall be liable for all imposts levied on the property, inclusive of and without limiting the generality hereof, all municipal rates and taxes, licences and other official and/or municipal and consumable charges.

Transfer Duty / VAT: Transfer Duty is Payable on the Purchase amount

FOR MORE INFORMATION PLEASE CONTACT:

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

PROPERTY DECRIPTION

REGISTERED DESCRIPTION: Portion 116 of the Farm Nietgedacht No. 535, JQ, District of the City of Johannesburg Metropolitan Municipality, Gauteng Province

TITLE DEED NUMBER: T57937/2012

REGISTERED EXTENT OF STAND: 2.0000 Hectares

LOCATION: Portion Number 116 Nietgedacht located just off the R114, Chartwell, Johannesburg, Gauteng Province at GPS co-ordinates;

-25.975391, 27.941737

The subject property is located in a small industrial node located towards the North Western periphery of the Johannesburg along the R114 between the R512 (Malibongwe Drive) to the West and Cedar Road to the East.

THE STAND:

The stand is roughly rectangular in proportion. The topography of the stand is fairly even with a slight decline from North West to South East across the width of the stand.

THE IMPROVEMENTS:

Main Office Building: Located in a fenced off area in the South Western corner of the stand is a double storey office building of plastered and painted brick walling fitted with steel framed glazing under a pitched IBR roofing structure and comprising on the Ground Level of a reception, meeting room, cloakrooms, open plan office area, walk-in strong room, server room, staff kitchen and seven (7) air-conditioned private offices. A pedestrian staircase from the reception passage lead to the Upper Level comprising a boardroom and lounge and four (4) private offices.

Light Industrial Workshop: Located at the side of the office building and forming part of the same building structure is a double volume workshop building of plastered and painted brick walling fitted with steel framed glazing under a pitched IBR roofing structure fitted at the back and front thereof with industrial type roller type garage doors and comprising a light industrial workshop with internal office, kitchen area and cloakroom.

Workshop, Storerooms and Staff Room: Situated at the front of the office building is a freestanding single-story building of rough plastered brick walling fitted with steel framed glazing under a pitched IBR roofing structure and comprising a workshop and storerooms. Situated at the back of the workshop building is a staff room comprising a kitchen cum lounge, one (1) bedroom and a bathroom.

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

Staff Accommodation: Situated at the side of the light industrial workshop building and forming part of the same building structure is a single storey building of rough plastered brick walling fitted with steel framed glazing under a pitched IBR roofing structure and comprising seven (7) staff rooms and communal bathroom. Located at the front of the staff rooms are two (2) additional free-standing staff rooms.

Thatch Entertainment Lapa: Located at the front of the double storey office building is a thatch roofed single storey building of plastered and painted brick walling fitted with steel framed glazing comprising an entertainment lapa and cloakroom.

Mechanical Workshop with ancillary Office: Located outside of the fenced of office complex, is a free-standing double volume workshop building of face painted brick walling fitted with steel framed glazing under a pitched IBR roofing structure fitted at the thereof with industrial type roller type garage doors and comprising a mechanical workshop and garage with storeroom, two (2) offices and a steel framed under IBR roof sheeting lean-to structure at the front of the building.

Other Improvements: Other improvements include twelve (12) steel framed under shade-net carports, an equipped borehole, staff room and bathroom at the side of the mechanical workshop and security office at the entrance and egress main gate.

APPROXIMATE EXTENT OF IMPROVEMENTS: Main Office Building: 558 Square Metres Light Industrial Workshop: 504 Square Metres Workshop, Storeroom and Staff room: 282 Square Metres Staff Accommodation: 225 Square Metres Thatch Lapa: 78 Square Metres Mechanical Workshop & Offices: 425 Square Metres Lean-to 150 Square Metres Total: 2 222 Square Metres

BOUNDARY: The property is bound by a combination of wire mesh and palisade fencing.

MUNICIPAL VALUATION: R 4 150 000.00

RATES & TAXES: Account Number: 551991439 Monthly Charges: R 5 593.24

USE ZONE: Agricultural for Business

CURRENT USAGE: Light industrial workshop with offices, storage yard.

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

WINDEED

WinDeed Property Report

Name NIETGEDACHT, Number 535, Portion 116 REGISTERED PROPERTY DETAILS Property Type FARM Diagram Deed T68337/2007 Farm Number 535 Registered Size 2.0000H Portion Number 116 Municipality CITY OF JOHANNESBURG Farm Name NIETGEDACHT Province GAUTENG Registration Division JQ Coordinates (Lat/Long) - Deeds Office PRETORIA

OWNER DETAILS Owner 1 of 1 Person Type COMPANY Title Deed T57937/2012 Name NEDEK CONSULTING CC Purchase Date 2011/11/10 Registration Number 200516442623 Purchase Price (R) 4,000,000 Share (%) - Registration Date 2012/08/07

PROPERTY INFORMATION

No property information available.

BONDS AND OTHER DOCUMENTS Document Number Amount (R) Holder B2577/2013 3,275,000 STANDARD BANK OF SOUTH AFRICA LTD K3830/2007S - - B10697/2017 2,000,000 STANDARD BANK OF SOUTH AFRICA LTD

PROPERTY HISTORY Document Number Amount (R) Holder B18570/2009 1,400,000 - B22815/2008 1,800,000 - T22685/2008 3,400,000 REHARVEST CC T68337/2007 250,000 AFRO RAIL INV CC

This report contains information gathered from the WinDeed database and we do not make any representations about the accuracy of the data displayed nor do we accept responsibility for inaccurate data. WinDeed will not be liable for any damage caused by reliance on this report and for legal purposes encourage validation on ownership details with the Deeds Office. This report is subject to the terms and conditions of the WinDeed End User Licence Agreement (EULA).

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

LOCALITY & LAYOUT

SG DIAGRAM

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

MUNICIPAL GIS

CITY OF JOHANNESBURG: Corporate Geo-Informatics Farm information

Township NIETGEDACHT 535-JQ SG ID T0JQ0000535000005350011600 Status REGISTERED Stand number 116/535-JQ Region A Ward Number 96 Area(mÂ²) 20001.83601627 Market value 4150000 Owner NEDEK CONSULTING CC

Map of the location

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

SG DIAGRAM

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

PHOTOGRAPHS

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information

NOTES ______

Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information