PROPERTY. Information Pack Expert Knowledge

Transcription

1 PROPERTY Information Pack Expert Knowledge Local Service. Global Reach. ERF (PORTION OF ERF 467) EAST LONDON, EASTERN CAPE SCENERY FARM (PARK) ROAD, WILSONIA LIVE PROPERTY AUCTION VENUE: PROTEA HOTEL FIRE & ICE, MELROSE ARCH DATE: THURSDAY, 8 DECEMBER 2016 TIME: 12H00 Version 2-25 November 2016

2 NOTICE TO BIDDERS Welcome to 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 on page 3. 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, nor Telkom SA 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 R 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 Version 2-25 November

3 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 R refundable deposit; payable by bank guaranteed cheque or EFT. 5 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 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: A 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. B 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) C You may get further assistance/help at the following link: Version 2-25 November

4 PROPERTY SUMMARY SECURE INDUSTRIAL PROPERTY ±19,493M² IN EAST LONDON Property Address: Co-ordinates: Locality: Property Description: Extent: Improvements: Ownership: On Mdantsane Access Road (Scenery Farm (Park) Road), Wilsonia, East London 32 58'39.26"S 27 49'4.29"E This Telkom property situated along Mdantsane Access Road, Wilsonia, a busy main road in a highly visible area and is accessible via Scenery Park Road. Situated in a large industrial area with surrounding neighbourhood mainly comprising of factories, warehousing, storage facilities and workshops. Access to the property is good, with close proximity to all National roads and main feeder roads. Erf (a portion of Erf 467), East London, Buffalo City Municipality, Eastern Cape Fully described on Title Deed No: T2046/1978 ±19,493m² ±3,119m² Telkom SA (Pty) Ltd Zoning: Industrial Zone 1 Municipal Valuation: (2014/2015 Financial Year) Municipality: Property Details: R3, 300, 000 Buffalo City Municipality Building 1 Offices (±373m²) face brick walls under asbestos roof. Building 2 Offices (±178m²) face brick walls under asbestos roof. Building 3 Offices (±100m²) face brick walls under asbestos roof. Building 4 Offices (±300m²) face brick walls under asbestos roof. Building 5 Store (±30m²) face brick walls under asbestos roof. Building 6 Store (±17m²) face brick walls under flat concrete roof. Building 7 Wire Store (±12m²) steel frame under asbestos roof. Building 8 Store (±26m²) face brick walls under asbestos roof. Building 9 New store (±35m²) face brick walls under mono pitched roof. Building 10 Offices (±964m²) face brick walls under asbestos roof. Building 11 Carports (±1,044m²) face brick walls under asbestos roof. Building 12 Guard House (±17m²) face brick walls under asbestos roof. Version 2-25 November

5 Property Notes: Important 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 now stands and subject to the terms and conditions and servitudes mentioned in the current and/or prior Title Deeds and to the conditions of the zoning certificate. In the event that asbestos material (-s) exist / may exist on site the purchaser acknowledges being informed / reminded of the following: Disposal of the asbestos material to be conducted in line with policy on the handling and disposal of asbestos and asbestos containing waste in terms of section 20 of the Environment Conservation Act, 1989 (Act 73 of 1989). Notwithstanding the above no guarantees whatsoever are given and as such the Purchaser accordingly warrants that it has thoroughly inspected the Property, or alternatively that it has been given an opportunity to thoroughly inspect the Property and has elected not to do so. Auction Notes: Bidders and participants who wish to take part in the auction are required to register on the website and sign up for the event Registration and approval of your bidding status is subject to completion of the downloadable registration form, submission of your FICA documents, declaration of interest and authority & consent to perform credit bureau profile verification. Bidders are advised to make themselves aware of all property features including but not limited to the property information packs which include the specific Offer to Purchase for each property, Known Defects List, Title Deed and Zoning. Telkom and does not warrant the accuracy of the information and we have taken the information as being correct at the time of auction. All interested bidders are to familiarise themselves with the properties and perform their own assessment thereon. The sale of these properties is subject to Value Added Tax charged at 14%. Buyers must please note that the registrations for an onsite auction closes 15 minutes prior to the start of the auction 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 Version 2-25 November

6 Exterior Photographs: Version 2-25 November

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8 Interior Photographs: Version 2-25 November

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20 TELKOM SERVITUDE AREA TO BE CREATED AT EXPENSE OF PURCHASER Servitude (-s) (if any). Please refer to references made in the Title Deed and SG diagram respectively. The Purchaser accordingly warrants and acknowledges that it will be required to: 1) Ascertain current exact position (-s) of servitude (-s) (if any) and also whether any other servitude (-s) applies to the property / portions of the property. 2) Appoint a professional Land Surveyor for the compilation of a servitude diagram for the approximate area indicated in yellow (per Annexure H) for the purposes of protecting the Seller s infrastructure, equipment, etc. registration hereof simultaneously with transfer of the Property. 3) Engage in further discussions with the Seller in terms of: a) The exact servitude area; b) Access arrangements to the servitude area - which ultimately needs be incorporated in the Title Deed as a condition alternatively to agree on a ROW (Right of Way) Access Servitude to be registered simultaneously with transfer of the Property. c) Metering the electricity- and / or water consumption. Splitting of electricity- / water feeds if Seller s portion is directly linked to the main feed and / or providing electricity / water to the other Telecommunication party (-ies) on site. a) Aspects relating to the Seller being able to access its servitude area and carrying out maintenance, upgrades and any other functions which may be required in engaging with its business activities. b) Fencing areas, requirements and subsequent actions to alleviate unauthorized access by the Purchaser s co-occupants, - users, - servants, etc. c) Rules of engagement; maintenance requirements and liabilities, etc All of the above which also needs to be agreed and provided for before registration / transfer of the Property. Kindly note that the aerial image is only attached for identification purposes and should not be regarded / accepted as a true reflection of the actual size, layout or current condition (-s) of the property / improvement/-s. Version 2-25 November 2016

21 Also refer to Annexure A for more clarity on the below servitude area. SERVITUDE AERIAL IMAGE Version 2-25 November 2016

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