Edenburg, Free State

PROPERTY INFORMATION PROPERTY

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

ANNEXURE A

LOCALITY

6 ANNEXURE B

TITLE DEED

10 ANNEXURE C

SG DIAGRAM(S)

13 ANNEXURE E

THE DEVELOPMENT

FRONT EXTERIOR

INTERIOR INTERIOR

14 ANNEXURE G

BUILDING PLANS

19 NOTES

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