LENASIA PROPERTY AUCTION

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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2.1414 Hectares- Klerksoord,

Potential Industrial Use

Akasia, Pretoria

21 Akwamaryn Drive, Klerksoord AH, Akasia

Holding 16 Klerksoord Agricultural Holdings, JR

PROPERTY AUCTION

WH Auctioneers Properties (PTY) Ltd

578 16th Road, Randjespark, Midrand

Tel: 0115745700

www.whauctions.com

LIQUIDATION Tsakelane Construction Enterprise CC (In Liquidation) Master’s Ref. T2697/17

Auction Date & Time: Tuesday 14 May 2019 @12pm

Venue: 21 Akwamaryn Drive, Klerksoord, Akasia, Pretoria

Auctioneer: Tim Varenzakis/Daniel Pelkowitz

Contact for further info:

Nellie Robbetze Daniel Pelkowitz Cell: 074 073 8426 Cell: 072 360 7510

Email: nellier@whauctions.com Email: danielp@whauctions.com

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 2

LIQUIDATION

Index

1. Guidelines for Auction Page 3

2. General Page 4

3. Locality Page 4

4. Description of Improvements Page 7

6. Site Photographs Page 8

7. Zoning Certificate Page 9

8. Liquidation Documents Page 11

9. Municipal Account Page 13

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 3

LIQUIDATION

1. GUIDELINES FOR THE AUCTION

Auction date & venue: 14th May 2019 at 16 Akwamaryn Drive, Klerksoord, Akasia - ON SITE

Registration: Bidders can register any time prior to the auction or on auction day at the property. Identity

document and FICA documents required.

All potential buyers are required to pay a registration fee of R25 000 in order to bid at the auction. This fee can

be paid either by bank guaranteed cheque or EFT payment into the Auctioneers’ Trust Account.

Cash will NOT be accepted at the auction venue. Banking information will be provided when requesting

registration forms. Once registered each buyer will be issued with a buyer’s card reflecting a buyer’s number.

Upon signature of the registration documents, all buyers will have acknowledged and accepted the Terms and

Conditions set out in the Rules of Auction.

Registration Fee: R25 000.00 (Refundable to unsuccessful bidders)

Deposit: 15.75% of Hammer Price.

Confirmation period: 14 Business days.

Guarantees: Balance of the purchase price payable within 21 business days after confirmation of sale.

The bid price excludes the buyer’s premium which is payable over and above the hammer price.

Example:

Bid Price: R 100 000.00

Buyer’s Premium: 5% on bid price equating to R5 000.00 plus VAT on the Buyer’s Premium

VAT on Buyer’s Premium: R750.00

Total Purchase Price R 105 750.00

The auctioneers have the right to regulate the bidding and to bid on behalf of the seller at the auction up to (but

NOT exceeding) the reserve price as mandated by the seller. When the auctioneer knocks down the property to

the highest bidder the successful bidder will sign the Conditions of Sale on the day.

A deposit of 15.75% is payable on the fall of the hammer. This is made up of the Buyer’s commission 5%

plus VAT = 5.75% and 10% deposit on the property price

The deposit is payable by way of a Bank Guaranteed cheque or electronic fund transfer. The deposit and buyer’s

premium are deposited into the WH Auctioneers’ Trust account.

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION

2. GENERAL

Property Address: 21 Akwamaryn Drive, Klerksoord AH, Akasia, Pretoria, Gauteng

Erf & Suburb & City: Holding 16 in Klerksoord Agricultural Holdings, Pretoria, Gauteng

3. TITLE DEED INFORMATION

Deeds Office: Pretoria

Title Deed No. T88267/2014

Erf Size: 21 414m²

Zoning: Agricultural (Zoning Certificate Attached Below)

4. LOCALITY

The subject property is located in Klerksoord, Akasia, a suburb in the north of Pretoria, part of the City of Tshwane

Metropolitan Municipality. Klerksoord is situated between Rosslynn Industrial node and Pretoria North. It has easy

access onto the main roads and the Mabopane Highway (R566).

The GPS Co-ordinates of the property are as follows:

S – 25˚63’29.86”

E – 28˚11’64.66”

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 6

LIQUIDATION

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION

5. DESCRIPTION OF IMPROVEMENTS

The subject property consists of a 2.1414-hectare piece of land which has been improved by various structures.

Improvements include a derelict house, numerous unfinished garages/storage units as well as IBR truck ports/work

sheds supported by steal I-Beams. The truck ports do have inspection pits for truck servicing as well as a workshop

attached to the truck port.

The remainder of the site consist of land and yard space.

The house has been badly vandalised in may not be habitable. The roof appears to be collapsing and numerous

pipes have been ripped out.

The storage units are clay brickwork with corrugated steel roofing. These units are incomplete. The truck ports are

a basic frame structure of I-Beams which support a corrugated steel pitched roof.

Site Access and Security

Access to the estate is gained to the site via 2 steel gates off Akwamaryn Drive.

Condition: The property appears to be in a poor condition. The storage units are incomplete, the house

has been vandalised and may need to be demolished. A structural survey of the building has

not been undertaken and will not form part of this report. All structural and maintenance

information are as per information provided by the owners upon visiting the site.

The Property is vacant.

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION

6. SITE PHOTOGRAPHS

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION

7. ZONING CERTIFICATE

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 10

LIQUIDATION

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION

8. LIQUIDATION DOCUMENTS

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

Page | 12

LIQUIDATION

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION

9. MUNICIPAL ACCOUNT

2.1414 Hectare Industrial Property – Klerksoord AH

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. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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LIQUIDATION