Property 10 – Processing Scrap 26, Cuza Voda Street Simeria

Romania

Situation/Location

The subject property is located in Simeria, a small town which lies in County. The town is home to an important railway interchange with a junction and marshalling yard located in the south-east periphery, offering train connections to Bucharest, Timisoara, Cluj-Napoca, Arad, Iasi, Constanta and even Budapest. The surrounding area outside the town is largely flat terrain.

Simeria is positioned along the national road DN7 (European Route E68), a national arterial route connecting with Bucharest. The nearest city is the county capital, Deva, located 10km west of Simeria, whilst Hunedoara city is located 19 km to the south. The nearest airport is 74 km away, in Sibiu. Public transport in the vicinity is served by rail and bus.

The property itself lies to the west of Simeria in between county road DJ700 and an old concrete surfaced road. The latter road connects the edge of the town centre to an old marble factory and scrap metal yard, both of which neighbour the property to the south and east respectively. The current working status of both properties is unknown. In addition, to the south of the subject lies a small railway depot believed to be disused. Property Description

The subject property comprises buildings and surrounding land. Our site inspection did not permit access to the property and we have not been provided with cadastral documentation. Therefore the condition, characteristics and number of buildings on the property is unknown, as well as the exact location of the site boundary.

The land itself has an area of 79,346 sq m and consists of vegetation over a flat terrain. There is an unsurfaced road connecting the aforementioned DJ700 road and concrete road; however it is unclear whether this lies inside or outside the property limits. Tenure .

Exist sales purchase agreement which confirms that the buildings on the property were previously sold to an outside party; SC ARDIS METAL SRL, whilst the land remains the property of SC SIDERURGICA SA HUNEDOARA. Site Area The property is registered in the ownership documentation; Land Registry no. 23N;

Cadastral Number Land (sq m)

66 79,436.0

Total 79,436.0

In addition, the property is detailed in the agreement; Sales Contract Number 1000/1527/19.11.1999 with a land area of 79,346 sq m

Appen dix 1 - Location Maps

* Indicative site location

Appendix 2 – Photos

Exterior view of the land

Exterior view of the land

Appen dix 4 – Valuation Calculations

View of the land View of the unsurfaced road

View of the land and vegetation View of one of the buildings

View of the railway track View of the concrete access road