Information Pack ONSITE PROPERTY AUCTION SALE CLOSING: 04 MAY 2017,12:00. Expert Knowledge Local Service. Global Reach.

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1 Property Information Pack Expert Knowledge Local Service. Global Reach. J & R GRONDVERSKUIWING (PTY) LTD (IN LIQUIDATION). MASTERS REF NO: C428/2016 Along N1 National Road, 4km North East of Central Worcester, Western Cape Remainder, Portion 6 and Portion 8 of Farm 308 Bergsig, Worcester Registration Division, Western Cape ONSITE PROPERTY AUCTION SALE CLOSING: 04 MAY 2017,12:00 VERSION 3/03 MAY 2017 GoIndustry DoveBid

2 ±55.38Ha of Agricultural Land with Improvements Worcester Western Cape AUCTION TYPE Live Auction AUCTION DATE 04 May 2017 at 12:00pm VIEWING By appointment CONTACT Casper Rossouw Cell: Tel: GoIndustry DoveBid GoIndustry DoveBid

3 NOTICE TO BIDDERS Welcome to GoIndustry DoveBid SA Property Auctions! Within this pack, you will find pertinent information regarding the property being auctioned. Furthermore, there are step by step instructions on how to register at the end of this document. All additional information and other properties can be found on our website at The information included herewith is a summary of information from a number of sources, most of which have not been independently verified. This summary has been provided only for the use of prospective bidders. It is supplied for whatever assistance it may provide in answering questions. SUCH INFORMATION AND OPINIONS ARE SUPPLIED WITHOUT WARRANTIES OR REPRESENTATIONS, EITHER EXPRESSLY OR TACITLY IMPLIED, WHATSOEVER. Prospective bidders are advised to avail themselves of the land uses and or restrictions if any, of the property and to consult whatever advisors they may feel appropriate. The property for sale will be auctioned voetstoots, as it now stands and subject to the terms and conditions and servitudes mentioned and referred to in the current and/or prior Title Deeds and neither GoIndustry DoveBid, nor the Substitute Trustees or their respective agents make any express or tacitly implied warranties of any kind. The description and conditions listed in this and other advertising materials are to be used as guidelines only and are not guaranteed. Please Note: In order to take part in this auction, a R10000 refundable deposit is required prior to your bidding status being approved. Furthermore, all pending registrants may have to complete a participation form which can be found on the events page / auction page on our website. Should you have any questions regarding the approval of registrants, please contact our offices for assistance on GoIndustry DoveBid GoIndustry DoveBid

4 PROPERTY SUMMARY ±55.38Ha of Agricultural Land with Improvements Property Address: Co-ordinates: Location: Property Description: Along N1 National Road, 4km North East of Central Worcester S, E Worcester, Western Cape Remainder of Farm 308 Bergsig Worcester Registration Division Western Cape Portion 6 of Farm 308 Bergsig Worcester Registration Division Western Cape Portion 8 of Farm 308 Bergsig Worcester Registration Division Western Cape Fully described on Title Deed No: T43492/2007 Extent: Remainder Ha Portion Ha Portion m² Total ± Ha Ownership: Zoning: Company The properties are zoned Agricultural zone 1. As per the local zoning scheme, Agricultural Zone 1 are subject to limitations of 1 dwelling per hectare and further subject to the Land Use Planning Ordinance of1985 (LUPO). Agricultural Zone 1 consent uses, over and above the primary agricultural use for this zoning type are: additional dwelling units, farmstore, farmstall, intensive feed farming, riding school, nursery, service trade & tourist facilities. These mentioned consent uses need to be approved via submission to the local municipality. Land use restrictions that apply to Agricultural Zone 1 are street and side building line restrictions of at least 30 meters from the boundary. Additional dwellings units are dwellings that may be erected with the consent of the municipality on a land unit in Agricultural Zone 1; provided that the units shall remain on the same cadastral unit as the primary unit. Further units with a density of one unit per 10 ha up to a maximum of five units per land unit may be allowed. There may also be possible historical restrictions on the refurbishment/redevelopment of main dwelling due to the age of the structure. Servitudes & endorsements: The three portions are subject to servitudes of appointment of water by order of the Water Court (1917,1929, 1930) and servitudes relating to water rights and furrows (1946). The portions are further subject to Electrical supply servitudes (ND. 389/1956) for electricity cables/wires to be conveyed underground or overhead. There are limiting servitudes prohibiting the use of the portions for industrial purposes, garages and service stations. Further servitudes prohibit any building erection less than 300 cape feet from the centre line of the N1 national road and the remainder portion is subject to further servitudes for a 5m wide aqueduct and 4,72m right of way on the southern boundary. For more information, please refer to the Title deed - T43492/2007 GoIndustry DoveBid GoIndustry DoveBid

5 Improvements Municipal Valuation: (Valuation Roll ) ±760m² R Estimated Annual Rates: (Estimated monthly rates) R R Total rental income per month: No of tenants: ±R All leases are verbal and on a month to month basis Property Details: Conveniently accessible via the N1 national road with unobstructed views of the majestic mountains. Boasting ±55,38 hectares over 3 portions with various improvements. Improvements consist of a double storey historical residential house ±294m² built in 1949, alongside a second smaller ±98m² house with a ±33m²garage and a ±336m² warehouse/workshop. The main double storey residential house offers living quarters and large garage on ground floor; multiple-roomed accommodation on first floor and an attic area accessed from the exterior of the house. Water is supplied from a small dam on the property into 4x 10,000L storage tanks. They are all south facing, south sloping at a intense gradient. Locality: The entrance to the farm is 1,5kms from the developed edge of Worcester and approximately 25kms from De Doorns. Located 120kms north-east of Cape Town. Special Conditions under Title Deed: T43492/2007 Auction Notes: A refundable deposit is payable in order to bid: R Terms and Conditions: 10 % Deposit 5 % Auctioneers Commission - paid by Purchaser 14 Working Days confirmation 30 Days Guarantee Period Possession: registration of transfer The purchase price may be subject to VAT The Seller is liable for the outstanding rates & taxes The purchaser is liable for electrical certificate GoIndustry DoveBid GoIndustry DoveBid

6 PHOTOGRAPHS GoIndustry DoveBid GoIndustry DoveBid

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10 LOCALITY MAPS Locality Map 1 Locality map 2 GoIndustry DoveBid GoIndustry DoveBid

11 PROCEDURES FOR PURCHASING AT AUCTION Thank you for your interest on this auction! If you are unfamiliar with buying real estate at auction, here is an easy to follow set of instructions on how to participate: REGISTRATION: Upon arriving at the auction site seek out one of the members of the auction staff to find out where to register. At the registration desk, you will be asked to fill out a registration form; you will receive your bid number for the auction. Please remember to bring with, your ID book, a copy of your ID and Proof of Residence. Without these documents, you will not be allowed to bid at the auction. This auction requires a R refundable deposit; payable by bank guaranteed cheque or EFT. Please make yourself aware and fully understand all documentation relating to the sale of this property prior to any bidding. The documentation and information to be read and understood include the following: Rules of Auction, Agreement of Sale, and Auction Notes. All of these documents can be found at from the auctioneer's office and at the auction itself. BIDDING: Bidding is a very simple process that can be accomplished through one of the following ways. The most important rule is to listen closely to the auctioneer. When the auctioneer is calling out bids to the crowd, you can increase your bid by: 1 Raising your bid card in the air, 2 Shouting your bid out to the auctioneer verbally, 3 Having one of the auction staff place your bid for you, or 4 Communicating a signal to the auctioneer that has been arranged prior to the auction. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Announcements made from the podium at the time of the sale take precedence over all printed materials. If you have any questions at the auction about the property, procedures, or anything else, do not hesitate to ask. We will be happy to assist in any way we can. POST AUCTION: Upon completion of the auction when the auctioneer says "SOLD", the winning bidder will immediately be required to sign the Agreement of Sale and post the 10% deposit as well as the commission of 5% plus VAT. At this time, instructions regarding closing of the sale will be thoroughly explained to you and any questions will be answered. If you have any additional questions, please direct them to any of the auction staff members present or call our offices at +27 (21) Things to Note: A B C All lots have a reserve price, if this price is not met on auction day, we will trade it out to the next highest bidder. Whatever your bid amount is, a 5% buyers premium will be added and then VAT (If a SA Resident Company, please confirm details and conditions if a foreign company) You may get further assistance/help at the following link: GoIndustry DoveBid GoIndustry DoveBid

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