Edenburg, Free State

PROPERTY INFORMATION EDENBURG, FREE STATE Single Storey Building on Auction 4 Kerk Street TUESDAY 9 JUNE 2015 @ 12H00 The Wanderers Club AUCTIONEER: Ismail Hendricks AGENT: Bakkies Reyneke 082 451 6897 / [email protected] Anthony Khoury 083 601 5071 / [email protected] TABLE OF CONTENTS 1. Property Summary 4 a. Locality (see Annexure A) 4 b. Legal Information (see Annexures B and C) 4 c. Town Panning (see Annexure D) 4 2. Locational Analysis 4 3. The Development 5 4. Notes 20 ANNEXURES Annexure A: Locality 6 Annexure B: Title Deed 7 Annexure C: SG Diagrams 11 Annexure E: The Development 14 Annexure G: Building Plans 15 TERMS & CONDITIONS: Bidders must register and bring ID, proof of residence (FICA) and letter of authority to sign on behalf of a juristic entity. Rules of auction are available at www.broll.com and at our offices. The auction is conducted in terms of the regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. DISCLAIMER: “Whilst all reasonable care has been taken to obtain the correct information, neither Broll Auctions and Sales (Pty) Ltd, nor any of its subsidiaries and related companies, nor the Sellers, guarantee the correctness of the information, and none of the aforementioned 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 supplied, whether due to the negligence or otherwise of Broll Auctions and Sales and its subsidiaries and related companied, the Seller, or any other person”. 2 OPPORTUNITY SUMMARY Description Single Storey building with street frontage. Erf Size 172m² Zoning Business Gross Lettable Area 158m2 GLA Tenanted Vacant Occupation GLA Vacant 100% Tenancy 0% R2, 500 per ATM per month. (5 year lease) ATM Income Total: R5, 000 per month. Gross Annual Income: R60, 000 Rates & Taxes Assessment Rates R6,050 Annualised TOTAL R 6,050 Issues 3 PROPERTY SUMMARY 1.1 Locality (see Annexure A) Property Address: 4 Kerk Street Suburb and City: Edenburg Local Authority: Kopanong Local Municipality Province: Free State 1.2 Legal Information (see Annexures B and C) Erf number(s): 215 Edenburg Township: Edenburg Erf Extent: 172m² Title Deed Number: T3446/1985 Registered Owner: ABSA Bank Limited 1.3 Town Panning (see Annexure D) The property is zoned General Business in terms of the Lindley Town Planning Scheme, subject to the following conditions: Zoning: Business Height: Not available Coverage: Not available F.A.R: Not available Parking: Not available Building line: Not available 2. Locational Analysis Edenburg is a small sheep and cattle ranching town situated about 80 kilometres (50 mi) south of Bloemfontein in the Free State province of South Africa. As of 2001 it had a population of 8,138. Edenburg was proclaimed a town in 1863, and received municipal government in 1891. The town is situated 85 km south-south-west of Bloemfontein. Laid out on the farm Rietfontein in 1862, it became a municipality in 1891. The name is said to be either of biblical origin or an adaptation of Edinburgh, name of the birthplace in Scotland of the Reverend Andrew Murray, for many years the only minister in the Orange Free State. The N1 highway bypasses the town to the east, while the Port Elizabeth–Bloemfontein railway runs along its western edge 4 3. The Development A single storey building of brick construction, mainly plastered to the front but with face brick insets and high level steel framed windows (above the ATM’s) with face brick walls to the side and rear elevations. There are aluminium framed shop fronts and double aluminium framed entrance doors in turn secured by timber swing doors to the street frontage. The building has high parapet walls with a low pitched timer roof behind clad with galvanised sheeting. Internal A dated specification it has tiled floors to the banking hall under suspended ceilings incorporating down lighters and air-conditioning (split) units. The offices have carpets under suspended ceilings with fluorescent lighting, and dry wall partitioning. There is brick paving to the ATM’s. There is an unsecured driveway along the western boundary of the property, outside the ownership of ABSA but which gives access to the rear of the property. There is street parking but no onsite parking. DESCRIPTION QUANTITY Offices 158m² Total Rentable Area 158m² 5 ANNEXURE A ANNEXURE A LOCALITY 6 ANNEXURE B TITLE DEED 7 8 9 10 ANNEXURE C SG DIAGRAM(S) 11 12 13 ANNEXURE E THE DEVELOPMENT FRONT EXTERIOR INTERIOR INTERIOR 14 ANNEXURE G BUILDING PLANS 15 16 17 18 19 Rules of Auction and Conditions of Sale 1.3. The AUCTIONEER or his agent shall be entitled to bid up to the reserve price on IMMOVABLE PROPERTY behalf of the owner, but shall not be entitled to make a bid equal to or exceeding the reserve price. DATE OF AUCTION : 9 JUNE 2015 PLACE OF AUCTION: THE WANDERERS CLUB, ILLOVO, SANDTON 1.4. The rules of auction comply with section 45 of the Consumer Protection Act, Act 68 TIME OF AUCTION : 12PM of 2008 (“the Act”) and with the Consumer Protection Act Regulations (“the AUCTION HOUSE : Broll Auctions and Sales (Pty) Ltd Regulations”) that have been published in terms thereof. (Registration Number 2014/250826/07) AUCTIONEER : Ismail Hendricks 1.5. Section 45 subsection (2) of the Act provides that: “ When goods are put up for sale Suite 4, 1 st Floor, Atholl Square, Cnr Katherine Drive and by auction in lots, each lot is, unless there is evidence to the contrary, regarded to be Wierda Road East, Sandown the subject of a separate transaction. ” Contact number: 087 700 8290 Email: [email protected] 1.6. The auction will commence at the published time and will not be delayed to allow any specific person or more persons in general to take part in the auction. Will offer for sale by public auction the following immovable property: 1.7. Registration to bid at the auction: ERF : 215 EDENBURG 1.7.1 Anyone that intends to bid at the auction must register his or her identity on the KNOWN AS : 4 KERK STREET, EDENBURG bidder’s record prior to the commencement of the auction. Such registration must meet the requirements of FICA (Financial Intelligence Centre Act, 2001) IN EXTENT : 172m² in respect of the establishment and verification of identity of the person, and the person must sign the registration entry. TITLE DEED NUMBER : T34461985 1.7.2 A person who attends the auction to bid on behalf of another person (i.e. on behalf of a company) must produce a letter of authority that expressly RULES OF AUCTION authorises him or her to bid on behalf of that person and the person bidding on his or her behalf must meet the requirements set out in clause 1.7.1 above. 1.1. Each prospective bidder must read these Rules of Auction together with the Where a person is bidding on behalf of a company the letter of authority must attached Conditions of Sale Agreement and must not bid unless he or she has appear on the letterhead of the company and must be accompanied by a done so. certified copy of the resolution authorising him or her to bid on behalf of the company. 1.2. The sale by auction is subject to a reserve price. Page 2 of 28 1.8 The bidder’s record and the vendor roll will be made available for inspection at the 1.14 Every bid shall constitute an offer to purchase the property for the amount bid upon offices of Broll Auctions and Sales (Pty) Ltd during normal business hours without the the terms and conditions contained in the Conditions of Sale, which the SELLER or charge of a fee. The bidders’ record will also be available for inspection at the auction. the AUCTIONEER may accept or reject in their absolute discretion. The SELLER shall be entitled, in its absolute discretion, to withdraw the property from sale prior to 1.9 A deposit of 5% (five per cent) of the Purchase Price plus 5% (five per cent) acceptance by the SELLER . AUCTIONEER ’s commission is payable to the AUCTIONEER by the PURCHASER immediately on the fall of the hammer, which amount the PURCHASER hereby 1.15 If no bid equals or exceeds the reserve price, the PROPERTY may be withdrawn authorises the AUCTIONEER to pay over to Broll Auction Pty Ltd. Broll Auction Pty (Ltd) from the auction. The SELLER shall be entitled to instruct the AUCTIONEER to will pay the deposit of 5% (five per cent) of the Purchase Price plus 5% (five per cent) accept any lower bid. AUCTIONEER ’s commission to the SELLER’s transferring attorneys immediately after the PURCHASER has effected payment. The balance of all moneys due to the 1.16 In the event of any dispute between the bidders, the decision of the AUCTIONEER SELLER in terms of the Rules of Auction will be paid into the trust account of the shall be final and binding. transferring attorneys for the benefit of the SELLER on transfer of the property. 1.17 Any error by the AUCTIONEER shall be entitled to be corrected by him. 1.10 The AUCTIONEER will during the auction announce the reason for the auction unless that reason is the normal and voluntary disposal of property by the SELLER . 1.18 No bid may be withdrawn after the fall of the hammer until the expiry of the confirmation period that is provided for in the Conditions of Sale, during which time 1.11 The total cost of advertising and conducting the auction, will be paid by the SELLER the offer shall be open for acceptance by the SELLER or his agent and if the offer is of the property, which is approximately R35,000.00 per property ( excluding VAT) accepted, the sale shall be deemed to be a sale by auction for purposes of the Act.

Load more