7 Allen Road, Bedfordview, Johannesburg

RESIDENTIAL HOME FOR REDEVELOPMENT 7 ALLEN ROAD, BEDFORDVIEW, JOHANNESBURG

WEB#: AUCT-000766 | www.in2assets.com MATTER: Estate Late Colen James Garrow, Masters Reference No: 026205/2017 ADDRESS: 7 Allen Road, Bedfordview, Johannesburg AUCTION VENUE: The TBA Sales Complex, Gosforth Park, Germiston, Gauteng AUCTION DATE & TIME: 10 October 2018 | 11h00 VIEWING: By Appointment CONTACT: Franz Bobbert | 083 630 5532 | 0861 444 769 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller

7 ALLEN ROAD, BEDFORDVIEW, CONTENTS JOHANESSBURG 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 8

TERMS AND CONDITIONS 9

BUILDING PLANS 10

SG DIAGRAMS 14

TITLE DEED 17

ZONING CERTIFICATE 23

LEASE AGREEMENT 27

RULES OF AUCTION & CONDITIONS OF SALE 31

DISCLAIMER: Whilst all reasonable care has been taken to provide accurate information, neither In2assets Properties (Pty) Ltd 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 the negligence or otherwise of In2assets Properties (Pty) Ltd or the Sellers or any other person. The Consumer Protection Regulations as well as the Rules of Auction can be viewed at www.In2assets.com or at Unit 504, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration.

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CPA LETTER 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG 1318 Old North Coast Road, Avoca

In2Assets would like to offer you, our valued client, the opportunity to pre-register as a bidder prior to the auction day.

South African consumers are now amongst the best protected consumers in the world and the purpose of the Act is to promote fair business practices and to protect consumers against deceptive, misleading, unfair or fraudulent conduct.

It is compulsory that all Bidders are required to present the following documentation in order to register at our auctions (without which registration cannot take place):

1. SA Identity Document;

2. Utility bill addressed to your physical address (not older than 3 months);

3. In the event of you bidding on behalf of a company, trust or close corporation in your capacity as director, trustee or member respectively, you are required to submit a letter on the Entity’s official letterhead authorizing you to bid, sign all necessary documents and effect transfer on behalf of the Entity which must be accompanied by a certified copy of the resolution by the directors, trustees or members of the entity authorizing you to do so.

4. A special Power of Attorney is required should you be bidding on behalf of another person which must expressly authorize you to bid on behalf of that person and must include a certified copy of that person’s SA Identity Document and proof of that person’s residential address not being older than 3 months.

5. Copy of Entity’s FICA Documents

6. Vat Registration Certificate

7. Income Tax Reference Number and proof of marital status

We would like to offer you an opportunity to register prior to the auction in order to avoid the time-consuming registration process as we endeavor to make this process as hassle free and efficient as possible.

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7 ALLEN ROAD, BEDFORDVIEW, PROPERTY JOHANESSBURG 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: 7 Allen Road Township & Province: Bedfordview, Johannesburg

Title deed information

Title Deed Number: T39812/2007 Registered Owner: Colen James Garrow (Estate Late Sale) Title Deed Description: The Remainder of Erf 149 Bedfordview Extension 40 Extent: 2 012 m²

Municipal information

The local authority in which the property is situated is the City of Ekurhuleni Metropolitan Municipality. According to the permitted zoning scheme the property is zoned as follows:

Town Planning Information

Zoning: Residential 1

F.A.R: N/A

Coverage: 50%

Building Lines: 5.0 m

Side: 2.0 m

Rear: 2.0 m

Height: 2 Storeys

Parking: Sufficient space for the parking for 2 vehicles (not exceeding 2.5 tonnes)

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PROPERTY 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG 1318LOCATION Old North Coast Road, Avoca

Bedfordview is a wealthy town in western Ekurhuleni, sharing an administrative Boundary with the City of Johannesburg Metropolitan Municipality, Gauteng, South Africa. Bedfordview has been part of the City of Ekurhuleni Metropolitan Municipality since 2000. The Eastgate Shopping Centre is located in Bedfordview.

Perfect for families, young professionals and business owners, the affluent town of Bedfordview is close to many industrial and business areas, such as Johannesburg South.

This lush area boasts many excellent schools, and various fun activities for the whole family. Bedfordview overlooks the bustling Sandton area, however has none of the traffic congestion of such an area. The police and security companies in this area work well together to provide a safe environment for residents.

GALLERY SUBJECT PROPERTY: 7 Allen Road, Bedfordview, Johannesburg

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PICTURE 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG 1318GALLERY Old North Coast Road, Avoca

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PICTURE JOHANESSBURG 1318GALLERY Old North Coast Road, Avoca

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7 ALLEN ROAD, BEDFORDVIEW, ADDTIONAL JOHANESSBURG 1318INFORMATION Old North Coast Road, Avoca

Primary use

This property is one of the traditional homes within the area which offers the perfect opportunity for a redevelopment or modernising. The well-maintained house enjoys 3 bedrooms, 1 ½ bathrooms, dining room, built-in kitchen, scullery, lounge, sunroom and a study. The outbuilding with a fully serviced domestic room, offers great potential for a granny flat.

This is a solid built house that awaits for a modern touch or a redevelopment. The property is fenced and is accessed via automated gates onto a paved driveway. A double garage, carport as well as a paved backyard offers ample parking.

The tranquil garden setting behind the main house, with big palm trees, a large swimming pool and braai area is great for family and guest entertainment. The location of the property is in an upmarket area of Bedfordview close to all shopping amenities as well as quick access to the freeway.

The street has experienced a lot of new development and redevelopment of existing houses which is a great attraction for any investor. Allen Road is only accessible via a boom gate which is controlled 24 hours by security guards.

As per the Title Deed the property is subject to a sewage and other municipal purposes servitudes.

Accommodation Details

As per Google Earth measurements the Gross Building Area is approximately ± 299, 68 m².

Lease Details

Lease Tenant Name Lease Expiry Monthly Rental Annual Rental Commencement Nu Mark Property Broker (Pty) Ltd 01 March 2018 28 February 2019 R19 610.00 R235 320.00

Comments:

• No Vat is being levied on the above rental. • The tenant is liable for electricity, water, domestic refuse and security charges.

Expenses

- The assessment rates for the year 2018/2019 amounts to R38 670.48, which equates to a monthly figure of R3 222.54. - Should the purchaser become a member of the Allen Road Closure Association, a fee of R940.00 (Excl Vat) will be payable to the Association. It is not compulsory for the purchaser to join the Association.

Vat Status

The Seller is not Vat Registered, transfer duty is payable.

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TERMS & 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG 1318CONDITIONS Old North Coast Road, Avoca

If you are the successful bidder kindly note the following:

• 5% deposit payable by the Purchaser on the fall of the hammer • 10% Auctioneers Commission plus 15% Vat payable by the Purchaser on the fall of the hammer • 7 Days Confirmation period – 17 October 2018 @ 17h00 • 30 Day Guarantee Period • Possession on Registration of Transfer • Electrical and Gas Certificates for the Purchasers account

Kindly note for EFT & Cheque payments, the following applies:

Cheques need to be made out to In2assets Properties (Pty) Ltd

EFT Payments, our trust account banking details are as follows:

Bank : Standard Bank Account Name : In2assets Properties (Pty) Ltd Account No. : 050022032 Branch Name : Kingsmead Branch code : 040026

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BUILDING 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG 1318PLANS Old North Coast Road, Avoca

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SG 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG 1318DIAGRAMS Old North Coast Road, Avoca

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TITLE DEED 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG

1318 Old North Coast Road, Avoca

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TITLE DEED 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG (Continued) 1318 Old North Coast Road, Avoca

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ZONING 7 ALLEN ROAD, BEDFORDVIEW, JOHANESSBURG 1318CERTIFICATE Old North Coast Road, Avoca

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7 ALLEN ROAD, BEDFORDVIEW, LEASE JOHANESSBURG 1318AGREEMENT Old North Coast Road, Avoca

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