Information Pack Expert Knowledge Local Service. Global Reach.

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1 Property Information Pack Expert Knowledge Local Service. Global Reach. EAST LYNNE SHOPPING CENTRE, TSHWANE, GAUTENG (STAND 198, EAST LYNNE) LIVE PROPERTY AUCTION VENUE: DURBAN INTERNATIONAL CONVENTION CENTRE DATE: TUESDAY, 29TH OCTOBER 2015 TIME: 12H00

2 East Lynne Shopping Centre, Tshwane, Gauteng TABLE OF CONTENTS Property Summary... 1 Aerial Photograph... 4 Photo Gallery... 5 Location:... 7 Procedures for Purchasing at Auction... 8 SG Diagrams Zoning Certificate REV 3 / 30 SEPTEMBER 2015 Disclaimer: The information included herewith is a summary of information from a number of sources, most of which have not been independently verified and this summary does not purport to be comprehensive. This summary has been provided only for the use of prospective bidders. It is supplied for whatever assistance it may provide in answering questions and should any potential buyer undertake their own due diligence prior to the purchasing of any property. 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, 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. Acknowledgement: The Purchaser acknowledges that he/she has read this document and are aware of all the limitations, notifications and other information contained herein. Sign here:

3 East Lynne Shopping Centre, Tshwane, Gauteng 1 PROPERTY SUMMARY Property Address: 43 Baviaanspoort Road, East Lynne, Tshwane, Gauteng Locality: The property is located in an established middle to lower income residential area on the north eastern corner of Baviaanspoort Road and Lapham Street in the suburb of East Lynne. The main arterial routes of Baviaanspoort Road and Stormvoel Road provide good access to the area. The surrounding area is largely developed with residential and commercial properties on the busy roads. Co-ordinates: S, E Property Description: Erf 198, East Lynne, Registration Division J.R, The province of Gauteng Fully described on Title Deed No: T104855/2013

4 East Lynne Shopping Centre, Tshwane, Gauteng 2 Extent: m² GLA: 7 631m² Ownership: Accelerate Property Fund Limited Restrictive conditions/servitudes: The erf is the entitled to a servitude of right of way as indicated by the figure CDEG on diagram S.G. No. A 5200/39, 6.30 wide over Portion 1 of lot 105 East Lynne. The servitude is not considered to have a negative influence on the existing buildings and are accordingly not considered to be detrimental to the Market Value of the buildings. Municipal Valuation: R Use zone: Special Primary Rights: Shops, businesses. Social hall, dry cleaner and public garage Coverage: 33% Height: 4 storeys (up to a maximum of 10 storeys with Council approval) Floor area ratio: 1.25 (excluding parking floor space). Property Details: East Lynne shopping centre comprises a freestanding retail centre constructed from a reinforced concrete frame with face brick infill to the exterior, plastered and painted to the interior, part suspended ceilings, recessed or exposed strip fluorescent lights, aluminium shop fronts and a mono roof design with IBR sheeting on wooden trusses. The stand has a steel palisade fence to the street and interlocking concrete brick paving to the open parking. The building is approximately 25 years old. Parking Bay: Approx. 236 bays

5 East Lynne Shopping Centre, Tshwane, Gauteng 3 Construction: East Lynne shopping centre comprises a freestanding retail centre constructed from a reinforced concrete frame with face brick infill to the exterior, plastered and painted to the interior, part suspended ceilings, recessed or exposed strip fluorescent lights, aluminium shop fronts and a mono roof design with IBR sheeting on wooden trusses. The stand has a steel palisade fence to the street and interlocking concrete brick paving to the open parking. Main tenants: Shoprite Checkers (Pty) Limited, Pep Stores, South African Post Office, ABSA ATM and Standard Bank ATM & Midas, Derdepoort Apteek Annual Gross Income (incl. recoveries): R (Period: December 2015 November 2016) Vacancy (% of area): 10,92% Rates & Taxes: R Property Notes: The Purchaser must comply with the conditions at their own cost to enable the transfer of the property. The property is sold voetstoots as it currently stands and is subject to the terms and conditions and servitudes mentioned in the current and/or prior Title Deeds as well as to the conditions specified within the zoning certificate. *BUILDING PLANS, TITLE DEED AND PROJECTION INCOME AVAILABLE UPON REQUEST

6 East Lynne Shopping Centre, Tshwane, Gauteng 4 AERIAL PHOTOGRAPH

7 East Lynne Shopping Centre, Tshwane, Gauteng 5 PHOTO GALLERY

8 East Lynne Shopping Centre, Tshwane, Gauteng 6

9 East Lynne Shopping Centre, Tshwane, Gauteng 7 LOCATION:

10 East Lynne Shopping Centre, Tshwane, Gauteng 8 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 1. Upon arriving at the auction site seek out one of the members of the auction staff to find out where to register. 2. At the registration desk, you will be asked to fill out a registration form; you will receive your bid number for the auction. 3. 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. 4. This auction requires a refundable deposit; payable by bank guaranteed cheque or EFT. THE REFUNDABLE DEPOSIT PAYABLE IN ORDER TO BID: - East Lynne Shopping Centre, Eshowe Mall and Glen Gables Shopping Centre - R Main Road, Melville & 14 Main Road, Melville - R 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. 6. Buyers must please note that the registrations for an onsite auction close 15 minutes prior to the start of the auction. 7. Buyers must further note that no registration will be accepted/completed should the buyer fail to provide the Auctioneer with the completed registration forms together with the supporting documents prior to the auction.

11 East Lynne Shopping Centre, Tshwane, Gauteng 9 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 8% 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: 1. 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. 2. Whatever your bid amount is, a 8% buyers premium will be added and then VAT (If a SA Resident Company, please confirm details and conditions if a foreign company) 3. You may get further assistance/help at the following link:

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