Tungsten Industrial Park - 413 C.R

Strijdompark

Strijdompark Tenanted Industrial Park with 22 Mini-Industrial Units Randburg GLA ±10,364.68m2 (Seller Supplied)

Tungsten Industrial Park - 413 C.R. Swart Drive

Wednesday, 4 December 2019 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg John Hislop | 083 265 6867 | [email protected]

Version 1: 14 November 2019 LK

Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Index

Disclaimer, Auction Information and Terms & Conditions Page 3

Property Images Page 4

Executive Summary & Key Investment Highlights Page 6

General Information Page 7

Locality Information Page 8

Property Description Page 10

Tenancy Schedule Page 13

Rent Roll Page 14

Cashflow Projection Page 15

Cashflow Projection Summary Page 16

Lease Summaries Page 17

Rates Statements Page 27

Surveyor General Diagram Page 31

/AucorProperty www.aucorproperty.co.za 2

Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Disclaimer, Auction Information and Terms & Conditions

Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither Aucor Corporate (Pty) Ltd T/A Aucor Property nor the Seller/s guarantee the correctness of the information provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or otherwise of Aucor Corporate (Pty) Ltd T/A Aucor Property or the Seller/s or any other person.

______

Auction Information Deposit 5% of bid the price Commission 10% plus 15% VAT thereon of the bid price Confirmation period 10 Business Days

Rules of auction and conditions of sale are available at www.aucorproperty.co.za/

______

Terms & Conditions R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Pieter Geldenhuys.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Property Images Exterior Images of the Park

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Property Images Interior Images of Typical Units

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Executive Summary & Key Investment Highlights Street Address: Tungsten Industrial Park - 413 C.R. Swart Drive - Strijdompark, Randburg GPS Coordinates: -26.0785, 27.9717

Registered Land Size: 2.21950ha/21,950.00m² Zoning: To be verified Assessment Rates: R47 513.34 / month - excluding consumption charges and city levies.

Improvements on the property comprise an industrial park with 22 mini- industrial units across several rectangular shaped buildings. The park Accommodation: and subsequent units are configured for the purpose of light manufacturing and service-related activities.

Approx. Total Gross Lettable Area:

Occupation: The property is multi-let. See from page 13 for details.

Investment Opportunity - Tenanted Industrial Park in Strijdompark, Randburg. Key Investment Highlights: A projected first-year net-income of approximately R5,4million. Advantageously located on a the coner of the N1 Westenr Bypass and C.R. Swart Drive with highway visibility.

By bidding on this property, the purchaser acknowledges that he has acquainted himself with the extent and the nature of the property he is buying, and that he accepts the property as such.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

General Information

Street Address Tungsten Industrial Park - 413 C.R. Swart Drive - Strijdompark, Randburg GPS Co-Ordinates -26.0785, 27.9717 ______Title Deed Information Title Deed Number T10418/2017 Registered Owner Gemgrow Properties Limited Title Deed Description Erf 413, Strijdompark Extension 23 Registered Land Size 2.21950ha/21,950.00m² Title Deed Conditions A copy of the Title Deed is on hand and will be made available to bona fide prospective purchasers upon request. Servitudes The property is subject to servitude of 5m wide for sewer purposes in favour of the City of Johannesburg Metropolitan Municipality as appear in S.G. No. A8327/1988 and detailed in the Deed of Cession K274/1988S. ______Municipality Information Municipality City of Johannesburg Metropolitan Municipality Rates Excluding consumption charges and city levies – Based on the tax invoices for the October 2019 billing period received from the Municipality (see copies attached to this brochure for these and other charges).

2019 / 2020 Municipal Rates Rebate 2019 / 2020 2019 / 2020 Exclusion Monthly Rates Valuation Category (Annual) Tariff Annual Rates (Annual ÷12) R 28 300 000 Business N/A N/A 0,0201470 R 570 160,10 R 47 513,34 ______Zoning Information

Zoning To be verified

A copy of the Zoning Certificates has been requested from the City of Johannesburg Municipality. In addition to the land use parameters of the zoning, the activity on the property is further regulated by the House Rules. A copy of the House Rules is available on request.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Locality Information Macro Locality Tungsten Industrial Park is located on the corner of N1 Western Bypass and C.R. Drive in the prominent industrial suburb of Strijdompark, Randburg. The Park features excellent highway visibility and is home to a number of light manufacturing and service industries. The larger Strijdompark node is characterised by a number of small to medium-sized enterprises engaging in light to heavy industrial and distribution activity across an array of industries. Strijdompark is conveniently nestled between the suburbs of Ferndale, Bromhof and Malanshof. The subject property is highly accessible with easy access to major arterials, including CR Swart Drive, Hans Schoeman Street and Malibongwe Drive, which links to the broader Gauteng City Region via the N1 Western Bypass. All major amenities are located in close proximity to the Park. GPS coordinates for the site are as follows: -26.0785, 27.9717.

Bromhof Strijdompark

Ferndale

Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe N

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Locality Information Micro Locality

Malibongwe Drive Malibongwe ImageData: Google, AfriGIS Ltd, (Pty) DigitalGlobe

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Property Description Approximate Boundaries

CityJohannesburg of

ImageData:

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Property Description

Accommodation Improvements on the property comprise an industrial park with 22 mini-industrial units across several rectangular shaped buildings. The park and subsequent units are configured for the purpose of light manufacturing and service-related activities.

The units vary between 282m² & 830m² in size and are similarly configured with an open plan floor area, an eave height of ±4.8 meters high and a steel roller-shutter door of ±4.5 meters high. Some units feature mezzanine and/or basement areas with customer entrances and offices. ______Construction The buildings are predominantly constructed of open span steel structures with exposed face brick inserts topped with IBR extensions. Steel window and door frames are fitted throughout. ______Fixtures and Finishes The units are predominantly finished to tenant specifications. Standard fixtures and finishes comprise power floated concrete floors open roof trusses with insulated panels and highly luminous industrial lighting. Office areas include softer finishes and fixtures such as ceramic tiles, rendered and painted walls, suspension ceilings with suspended ceiling lights, amongst others. Air-conditioning units are tenant installations. ______

Gross Lettable Area Area Description GLA (± m²) Area Description GLA (± m²) Unit 1 462,60 Unit 12 429,99 Unit 2 458,35 Unit 13 830,61 Unit 3 234,36 Unit 14 830,61 Unit 4 234,36 Unit 15 680,61 Unit 5 282,16 Unit 16 402,82 Unit 6 357,16 Unit 17 402,82 Unit 7 433,68 Unit 18 477,46 Unit 8 433,68 Unit 19 480,60 Unit 9 430,84 Unit 20 524,56 Unit 10 430,05 Unit 21 605,76 Unit 11 429,98 Unit 22 511,63 Total Approximate Gross Lettable Area 10 364,69 Notes: The Gross Lettable Area (GLA) is Seller Supplied. ______Utilities All utilities are supplied by the City of Johannesburg Metropolitan Municipality. Each unit is supplied with 100A electricity connection. All units are fitted with separate electricity meters while water and sewerage are billed on a pro-rata basis.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Property Description

Perimeter and Yard The property is enclosed by a palisade fence with a full electrical component attached thereto. The property features a guardhouse with a pedestrian, light motor-vehicle and separate heavy motor-vehicle entrance from C.R. Swart Drive. Access is controlled by a combination of automated gates and booms.

The yard is covered in interlocking brick paving configured for vehicular movement, parking and loading purposes. ______Parking The property features approximately 190 parking bays of which the majority are shaded.

In general, each unit has access to the parking bays fronting the unit, but this can be changed from time to time by the property manager. ______Safety and Security The property features various fire hoses and extinguishers. Security features include security lights, CCTV cameras with on-site and off-site monitoring, burglar bars. Safety and security within units are the responsibility of tenants and should be in line with the House Rules. ______Occupation The property is multi-let. See from page 13 for details. ______Condition The buildings seem to be in excellent condition with ongoing repairs and maintenance required. The park is currently undergoing aesthetic upgrades. No structural survey of the buildings has been undertaken nor have tests or inspections of service installations been arranged. There has been no environmental survey/audit to establish the existence or extent of any environmental contamination.

By bidding on this property, the purchaser acknowledges that he has acquainted himself with the extent and the nature of the property he is buying and that he accepts the property as such.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Tenancy Schedule January 2020

Lease

Expiry

2020/05/31

2021/09/30

2021/05/31

2022/12/31

2021/09/30

2022/12/31

2020/02/29

2022/12/31

2022/09/30

2021/07/30

2020/05/31

2021/09/30

2023/09/30

2021/12/31

2022/02/28

2021/03/31

2022/06/30

2021/10/31 2021/11/30 2020/12/31

1 1 year

2 2 years

3 3 years

5 5 years

3 3 years

3 years 3 years

2 years 2 years

3 years 3 years

5 years 5 years 3 years 3 years

Lease Term Compiled - 13 November 13 2019 - Compiled & days 19 3 years

TBC

7,0%

9,0%

8,0%

9,0%

8,0%

7,0%

8,0%

9,0%

7,5%

8,0%

9,0%

8,5%

Esc%

10,0% 10,0% 10,0%

27 213,50 27

25 987,10 25

25 703,44 25

18 743,40 18

23 395,54 23

15 709,98 15

22 175,92 22

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

24 103,64 24

17 200,00 17

12 690,00 12

28 099,76 28

24 865,49 24

28 011,50 28

472 065,21 472

(Monthly)

Basic Rental

R R

100%

4,94%

5,84%

5,06%

4,64%

4,61%

3,88%

3,89%

6,57%

8,01%

4,15%

4,16%

4,18%

3,45%

2,72%

4,53%

4,42%

4,47%

8,01% Share

Pro-Rata

(m²)

480,6

462,6

511,63

605,76

524,56

477,46

402,82

680,61

830,61

429,99

429,98

430,05

430,84

433,68

357,16

282,16

468,72

458,35 830,61

10364,69 Area Let

Item Item / Tenant

Has Been Office Furniture Ltd Office (Pty) Has Been

Roof Rats Ltd (Pty)

Wood Emporium Ltd (Pty) t/a Wood Emporium

Thril Holdings Ltd (Pty) t/a Aluminate

Trisign Media (Pty) Ltd Trisign(Pty) Media t/a Signarama Randburg

Champagne TradingLtd Valley (Pty)

Stellar CCTrans

Keystone PlantKeystone CC

Complete Hairdressing SuppliesLtd (Pty)

Vacant

Unique CoreUnique Products t/aAfrica UCP Africa

Complete Hairdressing SuppliesLtd (Pty)

EZ EZ Group South Ltd (Pty) Africa t/a EZ Group SA

Showboat and Trade Invest Ltd (Pty) 38

Eltim Engineering CC

Tridet Chemicals CC

BMT Auto and Service Repair BMT CentreLtd (Pty)

FS CustomFS Projects Ltd (Pty)

Nola Trading CC GW Franchising Ltd (Pty) EngineBasic and Gearbox CC

Unit

Unit 9

Unit 8

Unit 7

Unit 6

Unit 5

Unit 2

Unit 1

Unit 22

Unit 21

Unit 20

Unit 19

Unit 18

Unit 17

Unit 16

Unit 15

Unit 14

Unit 12

Unit 11

Unit 10 Unit 13

Unit 3 & 4

should appropriate seek further independent professional inadvice relation thereto from suitably qualified professionals to complete their own due diligence in relation to

be be relied upon to make a decision.purchase Prospective shouldpurchasers make their own enquiries and investigation to confirm pertinent information and and forecasts,

Special NoteSpecial rental - The information in this brochure is not intended to constitute noradvice to specific substitute and accordingly shoulda for due diligence exercise, not

information with Agreements Lease uponwillthe executed our be cross-referenced receipt thereof.

6. The pro-rata6. The calculated and 20 Unitbeen share for have 22 based on13, 11, available 10, information and are not according toAgreements. Lease the The executed

5. The information5. The Unitfor Agreementsand requested Lease informationbeen is15 have to based onexecuted The Lease. a signed willOffer be updated upon our receipt

Agreements have been requested Agreementsand requested informationbeen have will be updated upon our receipt thereof.

4. The Lease Agreements Lease 4. withThe the Tenant's Unitof indicates schedule and14 that hastenancy 18 12, expired. The Lease Agreements new Lease signed.were executed The

Agreements have been requested Agreementsand requested thebeen have information will be updated and required where uponif our receipt thereof.

3. The information3. The Units for & 20 is22 and11, solely hasbased on10, Schedule notwith Agreements.the suppliedverified Lease Seller Lease been the Tenancy The executed

2. All rental information above VAT. presented isof exclusive

1. Based on the Tenancy Schedule as supplied theSchedule the for 1.by Seller onNovember Based billing the2019 Tenancy period combined with Agreements. Lease the executed

Notes/Assumptions Tenancy Schedule January- 2020

/AucorProperty www.aucorproperty.co.za 13

Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Rent Roll

November 2019

- -

42 196,33 42

32 331,99 32

29 627,80 29

31 019,19 31

32 327,27 32

56 088,89 56

31 327,57 31

30 993,33 30

24 501,46 24

34 831,77 34

22 748,24 22

32 733,88 32

21 695,01 21

15 319,13 15

33 223,92 33

28 038,78 28

29 753,95 29

528 758,51 528

Total

R R R

694,10

823,83

713,40

649,34

546,48

583,34

583,33

584,90

585,94

589,79

588,35

484,54

383,74

635,88

623,35

627,58

1 1 126,84

Compiled: November 13 2019

10 824,73 10

Refuse

Removal

R R

- -

67,41

144,72

125,32

102,74

102,93

103,61

414,36

111,98

109,51

536,69

2 2 345,39

2 2 188,75

1 1 846,59

3 3 807,64

1 1 909,27 1 1 971,10

1 988,06

17 876,07 17

Taxes Rates and

- -

534,17

994,83

719,41

375,61

601,27

482,56

228,07

130,87

177,92

609,66

476,45

399,75

1 1 925,29

1 1 223,91

1 1 119,14 2 2 183,73

1 645,13

13 827,77 13

Sewerage

R R

761,72

546,39

843,92

685,12

345,08

207,96

263,98

858,66

679,53

577,40

1 1 386,59

1 1 010,72

2 2 612,53

1 1 713,76

1 1 536,66

2 2 960,82

2 2 240,63

231,47 19

Water

R R

2 2 994,92

1 1 355,51

3 3 863,56

3 3 220,46

7 7 516,85

3 3 870,28

1 1 407,53

4 4 532,43

6 6 198,30

1 1 966,54

2 2 168,07

3 3 257,28

1 1 736,08

2 2 907,98

3 3 232,44

2 2 147,53

10 647,45 10

63 023,21 63

Electricity

R R

13 827,77 13

19 231,47 19

63 023,21 63

10 824,73 10

17 876,07 17

27 213,50 27

25 987,10 25

25 703,44 25

23 395,54 23

22 175,92 22

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

19 515,15 19

24 103,64 24

17 200,00 17

12 690,00 12

28 099,76 28

22 917,50 22

25 465,00 25

403 975,26 403

528 758,51 528

403 975,26 403

(Monthly)

Basic Rental

R R R

)

Let

Water

480,6

462,6

Area

511,63

605,76

524,56

477,46

402,82

680,61

830,61

429,99

429,98

430,05

430,84

433,68

357,16

282,16

468,72

458,35 10364,7

Electricity Sewerage

RentalBasic

Rates and Taxes Refuse RemovalRefuse

Item / Tenant

Gross billedIncome for the month of November 2019

Has Been Office Furniture Office LtdHas(Pty) Been

Roof Rats Ltd(Pty)

Wood Emporium Ltd(Pty) t/a Wood Emporium

Thril Holdings Ltd(Pty) t/a Aluminate

Trisign Media (Pty) Trisign Ltd(Pty) Media t/a Signarama Randburg

Champagne Trading Valley Ltd(Pty)

Stellar Trans CC

Keystone PlantKeystone CC

Complete Hairdressing Supplies Ltd(Pty)

Vacant

Unique Unique Core Products t/aAfrica UCP Africa

Complete Hairdressing Supplies Ltd(Pty)

EZ EZ Group South Ltd (Pty) Africa t/a EZ Group SA

Showboat and Trade Invest Ltd(Pty) 38

Eltim Engineering CC

Tridet Chemicals CC

BMT Auto andService RepairBMT Centre Ltd(Pty)

FS CustomFS Projects Ltd(Pty)

Nola Trading CC GW Franchising Ltd(Pty) EngineBasic and Gearbox CC

Unit

Unit 9

Unit 8

Unit 7

Unit 6

Unit 5

Unit 2

Unit 1

Unit 22

Unit 21

Unit 20

Unit 19

Unit 18

Unit 17

Unit 16

Unit 15

Unit 14

Unit 12

Unit 11

Unit 10

Unit 13 Unit 3 & 4

advice inadvice relation thereto from suitably qualified professionals to complete their own due diligence in relation to the Property.

purchase decision.purchase Prospective shouldpurchasers make their own enquiries and investigation to confirm pertinent information and and shouldforecasts, appropriateseek further independent professional

Special Special Note rental - The information in this brochure is not intended to constitute noradvice tospecific substitute and aaccordingly for shoulddue diligence exercise, not be relied upon to make a

consumption charges.

5. The 5.new The Agreements forLease Units and15 newcommence19 The 2020. 1 January tenants inare currently an uponagreed beneficial occupation period and is responsible for their portion of the

4. The 4.Rent The Roll all excludes once-off items invoiced such as deposits and contract fees.

3. Rental Information balances brought excludes forward existingof and former tenants, interest on charges. and contract arrears, other fees once-off

2. All rental information above presented VAT. isof exclusive

1. Based 1. onBased the Rent Roll as supplied the thefor by Seller November billing 2019 period.

Notes/Assumptions Rent Roll November- 2019

/AucorProperty www.aucorproperty.co.za 14

Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Cashflow Projections

January 2020 to December 2020 -

214 513 214

5 446 418 5 446

5 802 065 5 802

Total

(R 570 (R160) 570

339 896,62 339

319 641,38 319

324 634,45 324

224 920,80 224

286 361,41 286

188 519,76 188

286 069,37 286

318 525,48 318

498 166,65 498

290 465,70 290

292 506,84 292

221 711,81 221

279 072,65 279

265 361,15 265

310 936,96 310

218 010,00 218

158 371,20 158

342 255,13 342

300 499,42 300

336 138,00 336

R 578 6 016

R R

17 876 17

500 042 500

R 517 R918 517

(R 513) 47

29 118,45 29

28 585,81 28

28 016,75 28

18 743,40 18

25 267,18 25

15 709,98 15

24 171,75 24

26 543,79 26

43 955,88 43

25 165,85 25

24 375,57 24

19 562,81 19

24 624,06 24

22 113,43 22

26 272,97 26

18 490,00 18

13 705,20 13

30 628,74 30

26 979,05 26

011,50 28

Dec-20

R R

Compiled: November 13 2019

17 876 17

497 929 497

R 515 R805 515

(R 513) 47

29 118,45 29

28 585,81 28

28 016,75 28

18 743,40 18

25 267,18 25

15 709,98 15

24 171,75 24

26 543,79 26

43 955,88 43

25 165,85 25

24 375,57 24

19 562,81 19

24 624,06 24

22 113,43 22

26 272,97 26

18 490,00 18

13 705,20 13

30 628,74 30

24 865,49 24

011,50 28

Nov-20

R R

17 876 17

495 400 495

R 513 R276 513

(R 513) 47

29 118,45 29

28 585,81 28

28 016,75 28

18 743,40 18

25 267,18 25

15 709,98 15

24 171,75 24

26 543,79 26

43 955,88 43

25 165,85 25

24 375,57 24

19 562,81 19

24 624,06 24

22 113,43 22

26 272,97 26

18 490,00 18

13 705,20 13

28 099,76 28

24 865,49 24

28 011,50 28

Oct-20

R R

17 876 17

484 400 484

R 502 R276 502

(R 513) 47

29 118,45 29

25 987,10 25

28 016,75 28

18 743,40 18

23 395,54 23

15 709,98 15

24 171,75 24

26 543,79 26

40 699,89 40

25 165,85 25

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

26 272,97 26

18 490,00 18

13 705,20 13

28 099,76 28

24 865,49 24

28 011,50 28

Sep-20

R R

17 876 17

484 400 484

R 502 R276 502

(R 513) 47

29 118,45 29

25 987,10 25

28 016,75 28

18 743,40 18

23 395,54 23

15 709,98 15

24 171,75 24

26 543,79 26

40 699,89 40

25 165,85 25

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

26 272,97 26

18 490,00 18

13 705,20 13

28 099,76 28

24 865,49 24

28 011,50 28

Aug-20

R R

17 876 17

482 754 482

R 500 R630 500

(R 513) 47

29 118,45 29

25 987,10 25

28 016,75 28

18 743,40 18

23 395,54 23

15 709,98 15

24 171,75 24

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

26 272,97 26

18 490,00 18

13 705,20 13

28 099,76 28

24 865,49 24

28 011,50 28

Jul-20

R R

17 876 17

481 739 481

R 499 R615 499

(R 513) 47

29 118,45 29

25 987,10 25

28 016,75 28

18 743,40 18

23 395,54 23

15 709,98 15

24 171,75 24

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

26 272,97 26

18 490,00 18

12 690,00 12

28 099,76 28

24 865,49 24

28 011,50 28

Jun-20

R R

17 876 17

477 520 477

R 495 R396 495

(R 513) 47

27 213,50 27

25 987,10 25

25 703,44 25

18 743,40 18

23 395,54 23

15 709,98 15

24 171,75 24

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

26 272,97 26

18 490,00 18

12 690,00 12

28 099,76 28

24 865,49 24

28 011,50 28

May-20

R R

17 876 17

876 17

477 520 477

R 495 R396 495

(R 513) 47

27 213,50 27

25 987,10 25

25 703,44 25

18 743,40 18

23 395,54 23

15 709,98 15

24 171,75 24

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

26 272,97 26

18 490,00 18

12 690,00 12

28 099,76 28

24 865,49 24

28 011,50 28

Apr-20

R R

R -

17 876 17

476 230 476

R 494 R106 494

(R 513) 47

27 213,50 27

25 987,10 25

25 703,44 25

18 743,40 18

23 395,54 23

15 709,98 15

24 171,75 24

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

26 272,97 26

17 200,00 17

12 690,00 12

28 099,76 28

24 865,49 24

28 011,50 28

Mar-20

R R

R -

17 876 17

472 065 472

R 489 R941 489

(R 513) 47

27 213,50 27

25 987,10 25

25 703,44 25

18 743,40 18

23 395,54 23

15 709,98 15

22 175,92 22

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

24 103,64 24

17 200,00 17

12 690,00 12

28 099,76 28

24 865,49 24

28 011,50 28

Feb-20

Feb-20 R

R -

17 876 17

472 065 472

R 489 R941 489

(R 513) 47

27 213,50 27

25 987,10 25

25 703,44 25

18 743,40 18

23 395,54 23

15 709,98 15

22 175,92 22

26 543,79 26

40 699,89 40

23 519,49 23

24 375,57 24

18 113,71 18

22 800,05 22

22 113,43 22

24 103,64 24

17 200,00 17

12 690,00 12

28 099,76 28

24 865,49 24

28 011,50 28 Jan-20

Jan-20

R R

2020/05/31

2021/09/30

2021/05/31

2022/12/31

2021/09/30

2022/12/31

2020/02/29

2022/12/31

2022/09/30

2021/07/30

2020/05/31

2021/09/30

2023/09/30

2021/12/31

2022/02/28

2021/03/31

2022/06/30

2021/10/31 2021/11/30

2020/12/31 Expiry Date

(excluding consumption(excluding charges) (excluding consumption(excluding charges)

Item Item / Tenant

Total Estimated Income Total Estimated Expenses

Has Been Office Furniture Office LtdHas(Pty) Been

Roof Rats Ltd(Pty)

Wood Emporium Ltd(Pty) t/a Wood Emporium

Thril Holdings Ltd(Pty) t/a Aluminate

Trisign Media (Pty) Trisign Ltd(Pty) Media t/a Signarama Randburg

Champagne Trading Valley Ltd(Pty)

Stellar Trans CC

Keystone PlantKeystone CC

Complete Hairdressing Supplies Ltd(Pty)

Vacant

Unique Unique Core Products t/aAfrica UCP Africa

Complete Hairdressing Supplies Ltd(Pty)

EZ EZ Group South Ltd (Pty) Africa t/a EZ Group SA

Showboat and Trade Invest Ltd(Pty) 38

Eltim Engineering CC

Tridet Chemicals CC

BMT Auto andService RepairBMT Centre Ltd(Pty)

FS CustomFS Projects Ltd(Pty)

Nola Trading CC

GW Franchising Ltd(Pty) Basic EngineBasic and Gearbox CC

consumption(excluding charges)

Unit 9

Unit 8

Unit 7

Unit 6

Unit 5

Unit 2

Unit 1

(excluding rates (excluding & taxes and consumption charges)

Unit 22

Unit 21

Unit 20

Unit 19

Unit 18

Unit 17

Unit 16

Unit 15

Unit 14

Unit 12

Unit 11

Unit 10

Unit 13 Premises

Unit 3 & 4

own due diligence in relation to the Property.

should make their own enquiries and investigation to confirm pertinent information and and shouldforecasts, appropriateseek further independent professional inadvice relation thereto from suitably qualified professionals to complete their

5. The Lease Agreement 5.Lease The with JQ Motor Ltd during expires (Pty) Spares the projection period. It is assumed that theAgreement Lease is continued on the same terms and conditions.

operating model.

4. Only the under-recovery of Rates of is and due to includedTaxes 4. the under Only expenses under-recovery consumption andcharges other recoverable. Anbeingshould fully services interested Buyer add to/amend such as maintenance, insurance, the management expenses etc. in with accordance fees their own

3. Consumption recoverable. Rates are are notandcharges fully Taxes recoverable. fully

3. The 3.rental The escelation Unitfor should10 be confirmed with the Seller.

2. All amounts VAT. of above are represented exclusive

1, Based on the Tenancy Schedule as supplied Schedule the on theBased for by Seller 1, Novemberthe Tenancy billing 2019 period combined with Agreements. Lease the executed

Notes/Assumptions

POTENTIAL FIRST YEAR NET INCOME

Rates Expense and Taxes

Item Item / Tenant

Rates Recovery and Taxes

Other Income

Rental Cashflow Projections January- to 2020 December 2020

/AucorProperty www.aucorproperty.co.za 15

Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Summarized Cashflow Projections January 2020 to December 2020 Cashflow Projections - January 2020 to December 2020 Premises Item / Tenant Expiry Date Esc. Basic Rent Approx. Area / Units Total Rental (excluding rates & taxes and consumption charges) Unit 1 Basic Engine and Gearbox CC 2020/12/31 10,0% R 28 011,50 462,6 R 336 138,00 Unit 2 GW Franchising (Pty) Ltd 2021/11/30 8,5% R 24 865,49 458,35 R 300 499,42 Unit 3 & 4 Nola Trading CC 2021/10/31 9,0% R 28 099,76 468,72 R 342 255,13 Unit 5 FS Custom Projects (Pty) Ltd 2022/06/30 8,0% R 12 690,00 282,16 R 158 371,20 Unit 6 BMT Auto Service and Repair Centre (Pty) Ltd 7,5% 357,16 2021/03/31 R 17 200,00 R 218 010,00 Unit 7 Tridet Chemicals CC 2022/02/28 9,0% R 24 103,64 433,68 R 310 936,96 Unit 8 Eltim Engineering CC 2021/12/31 9,0% R 22 113,43 433,68 R 265 361,15 Unit 9 Showboat Trade and Invest 38 (Pty) Ltd 2023/09/30 8,0% R 22 800,05 430,84 R 279 072,65 Unit 10 EZ Group South Africa (Pty) Ltd t/a EZ Group SA 2021/09/30 8,0% R 18 113,71 430,05 R 221 711,81 Unit 11 Complete Hairdressing Supplies (Pty) Ltd TBC 429,98 2020/05/31 R 24 375,57 R 292 506,84 Unit 12 Unique Core Products Africa t/a UCP Africa 2021/07/30 7,0% R 23 519,49 429,99 R 290 465,70 Unit 13 Vacant - - - 830,61 R - Unit 14 Complete Hairdressing Supplies (Pty) Ltd 2022/09/30 8,0% R 40 699,89 830,61 R 498 166,65 Unit 15 Keystone Plant CC 2022/12/31 9,0% R 26 543,79 680,61 R 318 525,48 Unit 16 Stellar Trans CC 9,0% 402,82 2020/02/29 R 22 175,92 R 286 069,37 Unit 17 Champagne Valley Trading (Pty) Ltd 2022/12/31 10,0% R 15 709,98 402,82 R 188 519,76 Unit 18 Trisign Media (Pty) Ltd t/a Signarama Randburg 2021/09/30 8,0% R 23 395,54 477,46 R 286 361,41 Unit 19 Thril Holdings (Pty) Ltd t/a Aluminate 2022/12/31 9,0% R 18 743,40 480,6 R 224 920,80 Unit 20 Wood Emporium (Pty) Ltd t/a Wood Emporium 2021/05/31 9,0% R 25 703,44 524,56 R 324 634,45 Unit 21 Roof Rats (Pty) Ltd 10,0% 605,76 2021/09/30 R 25 987,10 R 319 641,38 Unit 22 Has Been Office Furniture (Pty) Ltd 2020/05/31 7,0% R 27 213,50 511,63 R 339 896,62

10 364,69 R 5 802 065

Other Income (excluding consumption charges)

Rates and Taxes Recovery R 214 513 R 214 513

Total Estimated Income (excluding consumption charges) R 6 016 578

Item / Tenant Total Rates and Taxes Expense (R 570 160)

Total Estimated Expenses (excluding consumption charges) (R 570 160)

POTENTIAL FIRST YEAR NET INCOME R 5 446 418

Notes/Assumptions 1, Based on the Tenancy Schedule as supplied by the Seller for the November 2019 billing period combined with the executed Lease Agreements. 2. All amounts represented above are exclusive of VAT. 3. The rental escelation for Unit 10 should be confirmed with the Seller. 3. Consumption charges are fully recoverable. Rates and Taxes are not fully recoverable. 4. Only the under-recovery of Rates and Taxes is included under expenses due to consumption charges and other services being fully recoverable. An interested Buyer should add to/amend the expenses such as insurance, maintenance, management fees etc. in accordance with their own operating model. 5. The Lease Agreement with JQ Motor Spares (Pty) Ltd expires during the projection period. It is assumed that the Lease Agreement is continued on the same terms and conditions. Special Note - The rental information in this brochure is not intended to constitute specific advice nor to substitute for a due diligence exercise, and accordingly should not be relied upon to make a purchase decision. Prospective purchasers should make their own enquiries and investigation to confirm pertinent information and forecasts, and should further seek appropriate independent professional advice in relation thereto from suitably qualified professionalsCompiled: to 13 November 2019

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 1 – Lease Agreement Tenant Basic Engine and Gearbox CC Rentable Area Unit 1 – 426m² (Seller Supplied) Start Date 2018/01/01 Expiry Date 2020/12/31 Renewal Period N/A Escalation Rate 10% per annum Monthly Rental (excl VAT) Unit 1

From To Area (m²) Basic Rental Gross Rate / m²

2020/01/01 2020/12/31 462,6 R 28 011,50 R 60,55

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose of Sell Engines and Gearboxes’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’ ______Unit 2 – Lease Agreement Tenant GW Franchising (Pty) Ltd Rentable Area Unit 2 – 458.35m² (Seller Supplied) Start Date 2018/12/01 Expiry Date 2021/11/30 Renewal Period N/A Escalation Rate 8.5% per annum Monthly Rental (excl VAT) Unit 2 From To Area (m²) Basic Rental Gross Rate / m²

2019/12/01 2020/11/30 R 24 865,49 R 54,25 458,35 2020/12/01 2021/11/30 R 26 979,05 R 58,86

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose a Generator Business’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 3 & 4 – Addendum to Agreement of Lease Tenant Nola Trading CC Rentable Area Unit 3 & 4 – 468.72m² (Seller Supplied) Start Date 2018/11/01 Expiry Date 2021/10/31 Renewal Period N/A Escalation Rate 9% per annum Monthly Rental (excl VAT) Unit 3 & 4 From To Area (m²) Basic Rental Gross Rate / m² 2019/11/01 2020/10/31 R 28 099,76 R 59,95 468,72 2020/11/01 2021/10/31 R 30 628,74 R 65,35

Additional Charges See Note 1 Key Clauses: Addendum to Agreement of Lease: ‘Import and distribution of engines and gearboxes of motor vehicles’ ______Unit 5 – Lease Agreement Tenant FS Custom Projects (Pty) Ltd Rentable Area Unit 5 – 282.16m² (Seller Supplied) Start Date 2019/06/11 Expiry Date 2022/06/30 Renewal Period N/A Escalation Rate 8% per annum Monthly Rental (excl VAT) Unit 5 From To Area (m²) Basic Rental Gross Rate / m²

2019/06/11 2020/06/30 R 8 460,00 R 29,98

2019/07/01 2020/06/30 R 12 690,00 R 44,97 282,16 2020/07/01 2021/06/30 R 13 705,20 R 48,57 2021/07/01 2022/06/30 R 14 801,62 R 52,46

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose of Automotive Customization / Restoration’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 6 – Lease Agreement Tenant BMT Auto Service and Repair Centre (Pty) Ltd Rentable Area Unit 6 – 357.16m² (Seller Supplied) Start Date 2018/04/01 (Beneficial Occupation 2018/03/01) Expiry Date 2021/03/31 Renewal Period N/A Escalation Rate 7.5% per annum Monthly Rental (excl VAT) Unit 6 From To Area (m²) Basic Rental Gross Rate / m²

2019/04/01 2020/03/31 R 17 200,00 R 48,16 357,16 2020/04/01 2021/03/31 R 18 490,00 R 51,77

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose of Business’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’ ______Unit 7 – Lease Agreement Tenant Tridet Chemicals CC Rentable Area Unit 7 – 433.68m² (Seller Supplied) Start Date 2017/03/01 (Beneficial Occupation 2018/03/01) Expiry Date 2022/02/28 Renewal Period N/A Escalation Rate 9% per annum Monthly Rental (excl VAT) Unit 7 From To Area (m²) Basic Rental Gross Rate / m²

2019/03/01 2020/02/28 R 24 103,64 R 55,58

433,68 2020/03/01 2021/02/28 R 26 272,97 R 60,58 2021/03/01 2022/02/28 R 28 637,54 R 66,03

Additional Charges See Note 1 Key Clauses: Clause 1.9: ‘Purposes for which the Leased Premises shall be used: Manufacturing, Warehousing and Distribution of Cleaning detergents as well as any products incidental to the cleaning industry’ Clause 6.1 ‘The Landlord may terminate this agreement or any renewal thereof by giving the Tenant a minimum if 6 (six) month’s written notice to such effect in all or any of the following circumstances; 6.1.1. Should the Landlord or its successors in title wish to demolish the complex, the Building or Leased Premises. OR; 6.1.2. Should the Landlord or its successors in title wish to reconstruct and/or redevelop and/or renovate the Complex, the Building or the Leased Premises.’

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 8 – Lease Agreement Tenant Eltim Engineering CC Rentable Area Unit 8 – 433.68m² (Seller Supplied) Start Date 2019/01/01 (Beneficial Occupation 2018/12/01) Expiry Date 2021/12/31 Renewal Period N/A Escalation Rate 9% per annum Monthly Rental (excl VAT) Unit 8 From To Area (m²) Basic Rental Gross Rate / m²

2020/01/01 2020/12/31 R 22 113,43 R 50,99 433,68 2021/01/01 2021/12/31 R 24 103,64 R 55,58

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose of Manufacturing Adhesives’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’ ______Unit 9 – Lease Agreement Tenant Showboat Trade and Invest 38 (Pty) Ltd Rentable Area Unit 9 – 430.84m² (Seller Supplied) Start Date 2018/10/01 (Beneficial Occupation 2018/09/01) Expiry Date 2023/09/30 Renewal Period N/A Escalation Rate 8% per annum Monthly Rental (excl VAT) Unit 9 From To Area (m²) Basic Rental Gross Rate / m²

2019/10/01 2020/09/30 R 22 800,05 R 52,92

2020/10/01 2021/09/30 R 24 624,06 R 57,15 430,84 2021/10/01 2022/09/30 R 26 593,98 R 61,73 2022/10/01 2023/09/30 R 28 721,50 R 66,66

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose of Dry Cleaning Services ’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’ ______Unit 10 – Lease Agreement Note: The Lease Agreement has been requested and more information will be supplied upon our receipt thereof.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 11 – Lease Agreement Note: The Lease Agreement has been requested and more information will be supplied upon our receipt thereof. ______Unit 12 – Lease Agreement Tenant Unique Core Products Africa t/a UCP Africa Rentable Area Unit 12 – 429.99m² (Seller Supplied) Start Date 2017/08/01 Expiry Date 2019/07/30* Renewal Period N/A Escalation Rate 10% per annum Monthly Rental (excl VAT) Unit 12

From To Area (m²) Basic Rental Gross Rate / m²

429,99 2018/08/01 2019/07/30 R 25 071,10 R 58,31 Additional Charges See Note 1 Key Clauses: Clause 1.9: ‘Purposes for which the Leased Premises shall be used: Warehousing, manufacturing, and Distribution of Exploration Consumables’ Clause 6.1 ‘The Landlord may terminate this agreement or any renewal thereof by giving the Tenant a minimum if 6 (six) month’s written notice to such effect in all or any of the following circumstances; 6.1.1. Should the Landlord or its successors in title wish to demolish the complex, the Building or Leased Premises. OR; 6.1.2. Should the Landlord or its successors in title wish to reconstruct and/or redevelop and/or renovate the Complex, the Building or the Leased Premises.’

*Note: The Lease Agreement expired on 2019/07/30. The Tenancy Schedule for November 2019 as supplied by the Seller indicates that the Lease Agreement has been renewed/ a new Lease Agreement has been signed starting 2019/08/01 and ending 2021/07/30 at a monthly rental of R23 519.49, escalating at 7.0% per annum. ______Unit 13 – Vacant

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 14 – Lease Agreement Tenant Complete Hairdressing Supplies (Pty) Ltd Rentable Area Unit 14 – 830.61m² (Seller Supplied) Start Date 2016/10/01 Expiry Date 2019/09/30* Renewal Period N/A Escalation Rate 8% per annum Monthly Rental (excl VAT) Unit 14 From To Area (m²) Basic Rental Gross Rate / m²

2018/10/01 2019/09/30 830,61 R 50 852,22 R 61,22

Additional Charges See Note 1 Key Clauses: Clause 1.9: ‘Purposes for which the Leased Premises shall be used: Warehousing and Admin Offices’ Clause 6.1 ‘The Landlord may terminate this agreement or any renewal thereof by giving the Tenant a minimum if 6 (six) month’s written notice to such effect in all or any of the following circumstances; 6.1.1. Should the Landlord or its successors in title wish to demolish the complex, the Building or Leased Premises. OR; 6.1.2. Should the Landlord or its successors in title wish to reconstruct and/or redevelop and/or renovate the Complex, the Building or the Leased Premises.’

*Note: The Lease Agreement expired on 2019/09/30. The Tenancy Schedule for November 2019 as supplied by the Seller indicates that the Lease Agreement has been renewed/ a new Lease Agreement has been signed starting 2019/10/01 and ending 2022/09/30 at a monthly rental of R40 699.89 escalating at 8.0% per annum. ______Unit 15 – Offer to Lease Tenant Keystone Plant CC Rentable Area Unit 15 – 680.61m² (Seller Supplied) Start Date 2020/01/01 (Beneficial Occupation 2019/08) Expiry Date 2022/12/31 Renewal Period N/A Escalation Rate 9% per annum Monthly Rental (excl VAT) Unit 15 From To Area (m²) Basic Rental Gross Rate / m²

2020/01/01 2020/12/31 R 26 543,79 R 39,00

680,61 2021/01/01 2021/12/31 R 28 932,73 R 42,51 2022/01/01 2022/12/31 R 31 536,68 R 46,34

Additional Charges See Note 1 Key Clauses: Offer to Lease: ‘Cancer non-profit sublet workspace storage for CBD products research and development plant hire’

Note: the above information is based on a binding Offer to Lease signed by the Tenant and Landlord. A Lease Agreement is yet to be signed.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 16 – Lease Agreement Tenant Stellar Trans CC Rentable Area Unit 16 – 402.82m² (Seller Supplied) Start Date 2017/03/01 Expiry Date 2020/02/29 Renewal Period N/A Escalation Rate 9% per annum Monthly Rental (excl VAT) Unit 16 From To Area (m²) Basic Rental Gross Rate / m²

2017/03/01 2018/02/29 R 18 685,03 R 27,45 2018/03/01 2019/02/29 402,82 R 20 344,88 R 29,89 2019/03/01 2020/02/29 R 22 175,92 R 32,58

Additional Charges See Note 1 Key Clauses: Clause 1.9: ‘Purposes for which the Leased Premises shall be used: Freight Services and Road Transport’ Clause 6.1 ‘The Landlord may terminate this agreement or any renewal thereof by giving the Tenant a minimum if 6 (six) month’s written notice to such effect in all or any of the following circumstances; 6.1.1. Should the Landlord or its successors in title wish to demolish the complex, the Building or Leased Premises. OR; 6.1.2. Should the Landlord or its successors in title wish to reconstruct and/or redevelop and/or renovate the Complex, the Building or the Leased Premises.’

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Lease Summaries These lease summaries and agreements should not be relied upon in isolation and should be read in conjunction with the executed documents, copies of which are available to bona fide prospective purchasers upon request. ______Unit 17 – Lease Agreement Tenant Champagne Valley Trading (Pty) Ltd Rentable Area Unit 17 – 402.82m² (Seller Supplied) Start Date 2020/01/01 (Beneficial Occupation 01/10/2019) Expiry Date 2022/12/31 Renewal Period N/A Escalation Rate 10% per annum Monthly Rental (excl VAT) Unit 14 From To Area (m²) Basic Rental Gross Rate / m²

2020/01/01 2020/12/31 R 15 709,98 R 18,91

2021/01/01 2021/12/31 402,82 R 17 280,98 R 20,81 2022/01/01 2022/12/31 R 19 009,08 R 22,89 Additional Charges See Note 1 Key Clauses: Clause 12: ‘The leased premises shall be used solely for the purpose of Warehousing, repackaging and distribution of baking Flour. The company distributes and stores other food products.’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’ Clause 6.1 ‘The Landlord may terminate this agreement or any renewal thereof by giving the Tenant a minimum if 6 (six) month’s written notice to such effect in all or any of the following circumstances; 6.1.1. Should the Landlord or its successors in title wish to demolish the complex, the Building or Leased Premises. OR; 6.1.2. Should the Landlord or its successors in title wish to reconstruct and/or redevelop and/or renovate the Complex, the Building or the Leased Premises.’

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Unit 18 – Lease Agreement Tenant Trisha Media (Pty) Ltd t/a Signarama Randburg Rentable Area Unit 18 – 477.46m² (Seller Supplied) Start Date 2019/07/01 Expiry Date 2019/09/30* Renewal Period N/A Escalation Rate N/A Monthly Rental (excl VAT) Unit 18 From To Area (m²) Basic Rental Gross Rate / m²

2019/07/01 2019/09/30 477,46 R 25 165,77 R 52,71

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose of signature design and manufacturing.’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’

*Note: The Lease Agreement expired on 2019/09/30. The Tenancy Schedule for November 2019 as supplied by the Seller indicates that the Lease Agreement has been renewed/ a new Lease Agreement has been signed starting 2019/10/01 and ending 2021/09/30 at a monthly rental of R23 395.54 escalating at 8.0% per annum. ______Unit 19 – Lease Agreement Tenant Thril Holdings (Pty) Ltd t/a Aluminate Rentable Area Unit 19 – 480.6m² (Seller Supplied) Start Date 2020/01/01 (Beneficial Occupation 23/08/2019) Expiry Date 2022/12/31 Renewal Period N/A Escalation Rate 9% per annum Monthly Rental (excl VAT) Unit 19 From To Area (m²) Basic Rental Gross Rate / m² 2020/01/01 2020/12/31 R 18 743,40 R 39,00

480,6 2021/01/01 2021/12/31 R 20 430,31 R 42,51 2022/01/01 2022/12/31 R 22 269,03 R 46,34 Additional Charges See Note 1 Key Clauses: Clause 12: ‘The leased premises shall be used solely for the purpose of Aluminium doors and Windows’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’

______Unit 20 – Lease Agreement Note: The Lease Agreement has been requested and more information will be supplied upon our receipt thereof.

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Unit 21 – Lease Agreement Tenant Roof Rats (Pty) Ltd Rentable Area Unit 21 – 605.76m² (Seller Supplied) Start Date 2018/10/01 (Beneficial Occupation 01/09/2018) Expiry Date 2021/09/30 Renewal Period N/A Escalation Rate 10% per annum Monthly Rental (excl VAT) Unit 21 From To Area (m²) Basic Rental Gross Rate / m²

2019/10/01 2020/09/30 R 25 987,10 R 42,90 605,76 2020/10/01 2021/09/30 R 28 585,81 R 47,19

Additional Charges See Note 1 Key Clauses: Clause 11: ‘The leased premises shall be used solely for the purpose of business’ Clause 25.2: ‘At the sole and exclusive election of the landlord, should the property of which the premises form part be sold, then the landlord shall have the right to cancel this agreement by giving the tenant 6 (six) month written notice of such cancellation’

______Unit 22 – Lease Agreement Note: The Lease Agreement has been requested and more information will be supplied upon our receipt thereof. ______Notes: ¹ All referenced Lease Agreements are further subjected to the following supplementary charges: • Pro-Rata share of Rates, Taxes and City Levies, including pro-rata share of all increases OR a commencement charge as per the executed lease document, with a pro-rata share of all increases. • Pro-rata shares of all consumption (Excl. Electricity) charges by metered consumption, including common area, aircons and signage. • Metered share of electricity as per the individually installed electricity meters. • Pro-rata shares of third-party service fees and/or specialized waste removal services, if applicable. • Public liability insurance and movables/internal configurations. • Interior maintenance and all glass, mirrors and windows (including exterior)

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Rates Statement

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Rates Statement

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Rates Statement

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Rates Statement

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Surveyor General Diagram S.G. A8327/1988

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

Surveyor General Diagram S.G. A8327/1988

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Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg

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