Mixed use building. Parkwood -JHB. 138 Jan Smuts Avenue. Thursday, 14 August 12h00 The Maslow, Corner Grayston Drive & Rivonia Road Sandton

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1 Parkwood -JHB Mixed use building 138 Jan Smuts Avenue Thursday, 14 August 12h00 The Maslow, Corner Grayston Drive & Rivonia Road Sandton William Amerseder Terms & Conditions R refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Darren Winterstein

2 Contents Property Information Locality Property Description Tenancy Rent Roll Images Zoning Auction Information Deposit Commission Confirmation period 5% of bid price 10% plus 14% VAT thereon of the bid price 2 Business Days Rules of auction and conditions of sale are available on

3 Property Information General Property Address 138 Jan Smuts Avenue Parkwood - Johannesburg Title Deed Information Title Deed Number T2940/1950 Registered Owner Title Deed Description Land Size H & J Prop Proprietary Limited Erf 305 Parkwood 1,005m² - taken from City of Joburg website Municipal Information Municipality City of Johannesburg Zoning Business 1 Permitted Uses (per scheme) Shops, dwelling units, residential building, business purposes, car sales lots, places of public worship, places of instruction, social halls, canteen, dry cleaners and launderettes, warehouses Density 1 Dwelling per Erf Coverage 70% - ± 703m² Floor Area Ratio ± 2,110m² Maximum Height 3 Storey s Building Line 1.5m along of street boundary Parking As per scheme Property assessment rates based on municipal valuation and new tariff (effective July 2014) published by the City of Johannesburg (2014/15 period) excluding city levies 2013 Municipal Valuation Rating Category 2014/15 Category Tariff 2014/15 Annual Assessment Rates 2014/15 Monthly Assessment Rates R Business & Commercial R R

4 Locality The subject property is well situated in an established area known as Parkwood between the Johannesburg and Sandton business districts. This area is surrounded by Sandton, Rosebank, Hyde Park and Illovo. Parkwood is easily accessible via most main and secondary routes, of which the most obvious being the M1 Highway (Glenhove Avenue off-ramp) as well as Jan Smuts Avenue. Both the O.R. Tambo and Lanseria airports are approximately 30 minutes drive from the property and the Rosebank Gautrain Station is within 10 minutes walking distance. All municipal services such as tarred roads, water, sewerage and electricity reticulation are available in the area and services are functional. The subject property offers good access to local amenities available in the nearby CBD and surrounding suburbs. These amenities include banking, transport and retail facilities. GPS co-ordinates for the site is: S26 08'59.81"; E 28 02'03.51"

5 Property Description Primary Uses Storeys Roofing External Walls Internal Walls Flooring Ceilings Heritage Condition Accommodation Retail and Residential 3 Storeys IRB Roof sheeting Face Brick and Painted plaster Painted plaster A combination of tile and smooth concrete Concrete Ceilings The building appears not to be older than 60 years. The building requires maintenance and repairs. We have not undertaken a structural survey nor have we arranged for tests/inspections of the service installation, however these appear to be sound and in working order. Shops - Ground level: The ground floor offers 4 shops with good exposure along Jan Smuts Avenue. These four shops are being leased to two tenants and offer large shop fronts with entrances direct off Jan Smuts Avenue. Shops 1 and 2 each offer an office, retail section, kitchen, toilet and walk- in safe with direct access to the rear of the building. The shop floors are covered with floated concrete under a concrete ceiling. Shops 3 and 4 are smaller compared to shops 1 and 2 and offer a loft with a kitchen and store room. The tenant also has direct access to the rear of the property. Residential rooms - First and Second floors: The second and third storeys of the building consists of 7 residential apartments that are in need of general maintenance. These units are similar in size. Access to the upper levels of the main building is by means of a concrete stair case. Residential Rooms - outbuildings situated at the rear of the property. The property is located between Jan Smuts Avenue and a servitude street. Access to the 6 garages is available from the servitude road. These garages are currently being used as residential rooms with communal bathrooms. The tip-up garage doors have been bricked up and access is available from the yard area. Over and above the garages mentioned, there is an outbuilding that has been converted into multiple rooms, with a communal bathroom facility. There are 7 rooms in total.

6 Property Description Building Areas The total construction area of the buildings taken from building plans: Accommodation Extent (m²) Building size ±2081 Total ±2081 Approximate Boundaries (Source: City of Joburg GIS)

7 Tenancy The subject property is multi tenanted Summary of Rent Roll (see Rent Roll overleaf) tenancy subject to change Unit No Tenant Lease Exp Rent (excl VAT) 100 Ndlovu, L 31/01/2013 R Siwachi, D 31/03/2015 R Malale, C 31/01/2015 R Birungi, TJ 30/09/2013 R Dip, NX 30/09/2014 R Raphaswane, T 31/01/2013 R Khumalo, Z & Matsemela, D 31/01/2014 R Loft 1 Sikhayiso 31/01/2013 R Loft 2 Mbeje, Anelisiwe, P 31/01/2013 R Loft 3 Gwanzurg, Tineyi 31/01/2013 R SQ1 Modungoa, Thabiso 30/04/2014 R SQ 2 Moyo, Francis 31/01/2013 R SQ 3 Memory 31/03/2015 R SQ 4 Kgolane, NP 31/01/2013 R SQ 5 Chitengu, SL 31/01/2013 R SQ 6 Kubheke, N, C 31/01/2013 R SQ 7 Gumbi, B 31/03/2015 R Rental Income Total R

8 Rent Roll

9 Rent Roll

10 Rent Roll

11 Rent Roll

12 Images

13 Images

14 Zoning

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