INVESTOR’S PACK

Erven 7547 & 7548, Lotus Gardens Extension 9

Web Ref: 108725

Kendall 072 415 3260/ kendallr@highstreetauctions.com

JOHANNESBURG AUCTION EVENT

Auction on 16 August 2018 @ 12h00 – Summer Place, 69 Melville Road, Hyde Park, JHB

Auctioneer: Joff van Reenen CAI/AARE (USA)

Tel: 011 684 2707 or www.highstreetauctions.com

The rules of auction are available at http://www.highstreetauctions.com/auction-info-high-street-auctions.php#rules 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.
THE HIGH STREET AUCTION COMPANY (PTY) LTD Registration No: 2010/019027/07
CONTENTS:

Page 3 . . . . . . . . . . . . . . . . Picture Gallery

Page 4. . . . . . . . . . . . . . . . Locality Map

Page 5 – 6 . . . . . . . . . . . . . Property Information

Page 7 . . . . . . . . . . . . . . . . General Plan

Page 8 – 12 . . . . . . . . . . . . Conditions of Establishment

Page 13 – 18 . . . . . . . . . . . Zoning Certificate

Page 19 . . . . . . . . . . . . . . . Map to Auction

IMPORTANT AUCTION INFORMATION:

In order to register to bid, please ensure that you bring the following to the auction. You may also
register online at www.highstreetauctions.com: -

 Registration deposit of R50 000 payable either by EFT, Bank Guaranteed Cheque or Credit Card
 ID Book
 Proof of Residence
 Letter of authority to sign on behalf of a juristic entity

The highest bidder on the auction day will pay a deposit of 16.5% (5% deposit, 10% buyer’s premium
+ Vat) by EFT into our Trust account immediately. The balance of the purchase price will be secured
by the Purchaser within 30 (thirty) business days of acceptance of the offer.

In the event that a cash deposit is made, the Depositor will be liable for the bank charges relating to
that transaction.

Only the highest bid achieved at the auction will be submitted to the Seller for acceptance and
no counter offers will be considered during the confirmation period.

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in
this document, neither the seller nor the Auctioneer shall be liable for any loss, damage or expense
whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee
the completeness or accuracy thereof, the duty at all times resting on the Purchaser to conduct its own due
diligence inspections relating to the property/ies referred to herein in order to verify the information
reflected, and the purchaser’s participation in any auction or private treaty sale based upon such
information shall be entirely at its own risk and in acceptance of the aforegoing.
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PHOTO GALLERY

Vacant Land Vacant Land

Vacant Land Vacant Land

Vacant Land Location

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
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LOCALITY MAP

BROEKSCHEUR 318 JR

ELANDSPOORT
DANVILLE

N
LOTUS GARDENS 4

KWAGGASRAND

AERIAL VIEW

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
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PROPERTY DESCRIPTION

Erf: Erven 7547 & 7548

Portion and Farm Name: Lotus Gardens Extension 9
Land Extent: 2.8603 ha
Site Improvements: Vacant Land
GPS Co-ordinates: -25.7453, 28.0992

TITLE DEED INFORMATION

Title Deed No: T106090/2016

Registered Owner: Sifiso Education Properties
VAT Status: TBC

MUNICIPAL ZONING

Zoning: Educational
FAR/Bulk: Not Applicable
Height: 3 Storeys
Coverage: 70% or 20,022 m2
Parking: See Clause 25

DESCRIPTION OF AREA AND LOCATION

The land parcel is located in a new residential area which appears to be developing rapidly. It is
located in the suburb of Lotus Gardens, Pretoria West.

It is surrounded by Anthesis Street, Citron Drive and Bergamot Street. Lotus Gardens is just
west of Danville and north of Atteridgeville, approximately 11km due west of Pretoria.

It is accessible via the Magalies Freeway/N4.

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
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DESCRIPTION OF PROPERTY AND IMPROVEMENTS

The subject site is located in Lotus Gardens as a Portion of Pretoria Town and Townlands.
The erf is undeveloped land, zoned Educational, and would appeal to an owner occupier,
developer or speculative investor.

The land extent is 2.8603ha and is serviced to the boundary. It is located between the
residential hub of Lotus Gardens and Elandspoort and is easily accessible from the
N4/Magalies Freeway. The zoning permits Educational Institutions, which are ideal for this
area and something which the area is in need of.

The land could lend itself to a residential development, however it will be the responsibility of
the purchaser to obtain the required zoning and planning permission.

We have not undertaken a structural survey of the above-described improvements or

finishes, nor have we arranged for tests or inspections to be carried out on any of the
service installations.

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
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SG DIAGRAM

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
 8

CONDITIONS OF ESTABLISHMENT

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
 9

CONDITIONS OF ESTABLISHMENT

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
 10

CONDITIONS OF ESTABLISHMENT

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
 11

CONDITIONS OF ESTABLISHMENT

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
 12

CONDITIONS OF ESTABLISHMENT

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
Add Image for supporting docs here
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.
 13

MAP TO AUCTION VENUE

Unless otherwise announced, the High St. Auction Co. and the Auctioneer are entitled to bid on behalf of
the seller up to the reserve price.
The total cost of advertising and conducting the auction is R2 601 200.00.

DISCLAIMER: Whilst reasonable precautions have been taken in compiling the information contained in this document, neither the seller nor the Auctioneer shall be liable for any loss,
damage or expense whatsoever or howsoever caused, arising from reliance on any information provided, nor do they guarantee the completeness or accuracy thereof, the duty at all
times resting on the Purchaser to conduct its own due diligence inspections relating to the property/ies referred to herein in order to verify the information reflected, and the purchaser’s
participation in any auction or private treaty sale based upon such information shall be at entirely at its own risk and in acceptance of the aforegoing.