APPRECIATING PROPERTY HISTORY AUCTION. 24 May Summer Place, 69 Melville Road, Hyde Park

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1 APPRECIATING PROPERTY HISTORY AUCTION 24 May 2018 Summer Place, 69 Melville Road, Hyde Park

2 THE TEAM At High St Auctions it is our people that bring the value to the business. The successes of the company are based on the capabilities and the high performance culture of the sales and support teams at High Street. Besides being property specialists in their respective fields our people are innovative, motivated and service orientated. The philosophy of the team is embedded in the fact that we can only succeed if we help our clients to succeed first. The team is supported by our service providers that we consider to be partners and who subscribe to the same philosophies and high performance culture of High Street Auctions.

3 Thursday 24 May 12pm Welcome to today s premier auction event Today you will be hosted by our Lead Auctioneer Joff van Reenen. Should you require any assistance, please feel free to approach any of our representatives. Please acquaint yourself with the rules of auction which are available on our website: Alternatively our bidding assisitants can provide you with a copy of the rules. PROPERTIES ON AUCTION Lot 01 Mellis Park, 8A & 8B Mellis Road, Rivonia - FUND DISPOSAL Lot 19 5 Main Road, Melville Lot 02 Ambassador Mansions, 73 von Wielligh Street, JHB CBD Lot th Street, Wynberg Lot Commissioner Street, Boksburg Central - FUND DISPOSAL Lot Willow Crescent, Blair Atholl Lot th Avenue, Springs Lot Phufane Crescent, Ellisras, Limpopo Lot Burger Avenue, Lyttleton Manor Lot 23 Cnr Frans Avenue & Susanna Street, Fransville, Witbank Lot & 18 10th Avenue, Rivonia Lot Ridge Peak Lane, Nieuwe Steenberg Estate, Cape Town Lot Skeen Boulevard, Bedfordview Lot Saddle Drive, Woodmead Office Park, Woodmead Lot Johannes Ramokhoase Street, PTA CBD Lot 26 5 Lower Boksburg Road, Germiston Lot 09 1 Foster Road, Winklespruit, Kingsburgh, KZN Lot Seventh Street, Alberton North - FUND DISPOSAL Lot Commissioner Street, Boksburg Central - FUND DISPOSAL Lot 28 CB Centre, 79 Lower Main Road, Observatory, Cape Town Lot Bushbuck Street, Monument Park Lot 29 Cnr Quartz Drive & Boundary Road, Kya Sand - LIQUIDATION Lot 12 Royal Palms Lodge, 6 Morgan Road, Webber, Germiston Lot Rondebult Road, Libradene, Boksburg Lot Rossouw Street, Murrayfield Lot 31 Section Eridanus Street, Waterkloof Lot & 376 Oak Avenue, Ferndale Lot 32 Section Eridanus Street, Waterkloof Lot Paul Kruger Street, PTA CBD Lot & 17 Banfield Road, Industria North Lot 16 Mkhondo Mall, Off R33, Piet Retief, Mpumalanga Lot Pine Avenue, Ferndale - BANK INSTRUCTION Lot th Street, Parkhurst Lot 35 7 Surrey Manor, 101 Dennis Road, Atholl, Sandton - COURT ORDER Lot 18 2 Village Drive, Village View Estate, Irene - BANK INSTRUCTION Notice is given that all sales are subject to an undisclosed reserve price. Any Master of the High Court order, Sales in Execution, Deceased Auction, Absolute or Divorce Auction is clearly indicated in the index, as well as on every application property. 1

4 LOT 01 2 x 3 Storey Office Blocks Web Ref: Mellis Park, 8A & 8B Mellis Road, Rivonia 2 x 3 Storey office blocks Vacant occupation Centrally located Total GLA: ± 1268m² (634m² each) Ground floor with roller shutters FUND DISPOSAL Ricardo ricardo@highstreetauctions.com LOT 02 Student Accommodation & Retail Web Ref: Ambassador Mansions, 73 von Wielligh Street, JHB CBD ± 2000m² Ground plus 7 floors 4 Flats per floor-subdivided for total of 70 flats 2 Shops Lift Prepaid electricity Water meters Simple to manage and run Excellent condition Security entrance Central Johannesburg Rodney rodney@highstreetauctions.com 2

5 FUND DISPOSAL LOT 03 Retail / Offices Residential Conversion Web Ref: Commissioner Street, Boksburg Central Retail and offices High foot traffic Main road GLA: 1855m² Vacant property Possible residential conversion Shawn shawn@highstreetauctions.com Fully Let SAPS Building Web Ref: LOT th Avenue, Springs Long lease with SAPS GLA: 2 874m² GAI: ± R2.85 million 40 parking bays Rodney rodney@highstreetauctions.com 3

6 LOT 05 Immaculate Offices / Medical Suites Web Ref: Burger Avenue, Lyttleton Manor Recently Renovated Offices / Medical Suites Double storey - Box configuration GBA: 1246m² ERF Size: 1800m² Reception area Ablutions & kitchens on both floors Central air-conditioning Ample parking Vacant occupation Guy guy@highstreetauctions.com LOT 06 Rivonia Development Land Web Ref: & 18 10th Avenue, Rivonia Excellent development opportunity Zoned for 60 units Residential 3 development site Erf site: ± 7932m² Start building tomorrow! Prime location Ricardo ricardo@highstreetauctions.com 4

7 LOT 07 Distressed Sale - Office Block with Highway Exposure Web Ref: Skeen Boulevard, Bedfordview Erf Size: 2962m² GLA: ± 3624m² 39 Basement parking bays Close to all amenities Additional bulk available Low maintenance Zoned: Business 3 Emmanuel emmanuel@highstreetauctions.com Redevelopment Opportunity Web Ref: LOT Johannes Ramokhoase Street, PTA CBD 11 Storey building Land Extent: 1391m² GBA: 8639m² GLA: ± 5190m² 114 Basement parking bays Zoning: Business 1 Residential redevelopment allowed Retail: 700m² + cafeteria area 150m from Church Plain Wikus wikus@highstreetauctions.com 5

8 LOT 09 Beachfront Apartments Redevelopment Web Ref: Foster Road, Winklespruit, Kingsburgh, KZN To benefit from residential demand created by the massive R11.5B Durban Automotive Supplier Park in Illovo Well maintained resort overlooking the ocean Vacant occupation Currently 19 apartments (13 two bedroom, 6 one bedroom units) 6 Apartments include splash pool, A/C units and BBQ grills Common braai area, gazebo, 2 outdoor pools, games room, and a playground GBA: 1390m² James james@highstreetauctions.com LOT 10 Retail / Offices Resi Conversion Web Ref: Commissioner Street, Boksburg Central Retail and offices High foot traffic Main road GLA: 1803m² 202m² Occupied 1601m² Vacant Possible residential conversion FUND DISPOSAL Shawn shawn@highstreetauctions.com 6

9 Your New Head Office Web Ref: LOT Bushbuck Street, Monument Park 3 Separate buildings to accommodate various users 2 Single storey home offices, and an impressive 4 storey low maintenance office block Within close proximity to all amenities Good access to arterial routes connecting to highway network PJ pj@highstreetauctions.com BBBEE Turnkey Lodge Web Ref: LOT 12 Royal Palms Lodge, 6 Morgan Road, Webber, Germiston Government Clientele Fully furnished & equipped modern guest lodge 38 Rooms en-suite with TV Separate dining hall and kitchen Laundry room Ample parking Back-Up generator James james@highstreetauctions.com 7

10 LOT 13 Listed Fund Disposal Web Ref: Rossouw Street, Murrayfield FUND DISPOSAL Double storey retail, office facility & Total Petrol Station Strategically located for easy access to highways and all major amenities GLA: ± 4000m² Projected Net Annual Income: R5.146m PJ

11 Multi Tenanted Office Park Web Ref: LOT & 376 Oak Avenue, Ferndale 7 Office Blocks GLA: 5123m² Good exposure Double storey Low maintenance face brick offices Basement, covered & open parking Potential to be a residential conversion Projected NAI: ± R3.2 million Lance lance@highstreetauctions.com LOT 15 Commercial Building on Government Blvd Web Ref: Paul Kruger Street, PTA CBD GLA: 2077m² Gross Annual Income (If Let) ± R2.4m Stand size: 3641m² 80% Coverage Bulk available - Development opportunity Pretoria CBD on proposed Government Boulevard Wikus wikus@highstreetauctions.com 9

12 LOT 16 90% Let - Strip Retail Centre Web Ref: Mkhondo Mall, Off R33, Piet Retief, Mpumalanga Cashbuild Anchor Tenant: 60% of GLA (lease expiry date of Dec 2025) Erf size: ha Total GLA: ± 2372m² Other tenants include (amongst others): Old Mutual Life Assurance, Mpumalanga Mental Health Office & a Liquor Store N2 Exposure Projected NAI ± R2m Zoning: one could develop a further 10,000m² bulk on the residual land Kendall kendallr@highstreetauctions.com 10

13 Parkhurst Commercial Property Web Ref: th Street, Parkhurst Opening Bid: R2 MILLION LOT 17 GLA: ± 232m² Stand size: 495m² Zoned Business 4 Neat, renovated offices Boardroom, multiple offices 2 Reception areas 2 Cottages Dry walling partitioning Alarm system Air-conditioning throughout BANK INSTRUCTION Yoni yoni@highstreetauctions.com Opulent 5 Bedroom Home Web Ref: LOT 18 2 Village Drive, Village View Estate, Irene Ext 5 BANK INSTRUCTION - POWER OF ATTORNEY 5 Bedrooms (All En-Suite) Guest toilet 24 Hour access controlled security Dining room Family room Lounge Study area Entertainment area with built-in braai Double garage Emmanuel emmanuel@highstreetauctions.com 11

14 LOT 19 Landmark Retail Building Web Ref: Main Road, Melville Fully let retail building Great exposure Stand size: 1793m² GLA: ± 1720m² Large parking area Gross Annual Income: ± R1.9 million Neels neels@highstreetauctions.com LOT 20 Showroom, Warehousing & Storage Web Ref: th Street, Wynberg Immaculate showroom and warehousing GLA: 6570m² Easy access Secure Vacant occupation Rodney rodney@highstreetauctions.com 12

15 Grand Chateau Family Home Web Ref: Willow Crescent, Blair Atholl LOT 21 5 Bedrooms 3 En-suite bathrooms and family bathroom Study & studio Beautiful kitchen with scullery Wine Cellar & tasting room Pool with pool house Teppanyaki grill Garaging for 4 cars Vineyard Many more wonderful features of this property Bri-Anne bri-anne@highstreetauctions.com 13

16 LOT 22 Corporate Lease Ledibeng Eco- Estate Web Ref: Phufane Crescent, Ellisras, Limpopo Extraordinary double storey residence Land Extent: 664m² GLA: ±296m² 3 Bedrooms main en-suite 2 Bathrooms Controlled access Modern, fitted kitchen Open plan dining room & living room Splash pool Extra-length double garage Situated on this magnificent 635 ha ecoestate Spectacular views of the Waterberg Greer greer@highstreetauctions.com LOT 23 Prime Office Building Web Ref: Cnr Frans Avenue & Susanna Street, Fransville, Witbank, Mpumalanga 1st Floor GBA: 570.5m² Ground Floor GBA: 570.5m² Lower Ground Floor GBA: 275.5m² Total GBA: m² Sold with vacant occupation Dedicated covered & open parking bays Located within a secure business park Located in a high demand area, in close proximity to various amenities Nikolai nikolai@highstreetauctions.com 14

17 Luxurious Townhouse Web Ref: LOT Ridge Peak Lane, Nieuwe Steenberg Estate, Cape Town Double storey home Gated security estate Stand size: 427m² Under roof: 380m² 3 Bedrooms (all en-suite) Upstairs balconies Guest WC Open plan lounge, kitchen & scullery Dining room onto patio Basement studio / office plus WC / shower Double automated garage Security gate, alarm system, electric fencing Ripley ripley@highstreetauctions.com Nicole nicole@highstreetauctions.com Standalone Office Block Web Ref: LOT Saddle Drive, Woodmead Office Park GLA: ± 4600m² Projected NAI: ± R4.5m (If fully let at Market Rates - RODE) Parking for ± 180 vehicles Great Highway exposure for signage Easy configuration for multi tenants Total building size: ± 7800m² Secure access within a secure business park Easy access to M1, N1 and N3 Vacant occupation PJ pj@highstreetauctions.com 15

18 LOT 26 Large Factory & Offices Web Ref: Lower Boksburg Road, Germiston Opening Bid: R5 MILLION Owner relocating Must sell Land extent: 1.1 ha GLA: ± 5502m² Eaves height: 5-10m 900 amps power Neels neels@highstreetauctions.com LOT 27 Fully Let Investment Property Web Ref: Seventh Street, Alberton North Ex fitment centre Gross Annual Income: R360k Lease in place Prominent corner stand Stand size: 1983m² GLA: 757m² FUND DISPOSAL Neels neels@highstreetauctions.com 16

19 LOT 28 Rare Redevelopment Opportunity Web Ref: CB Centre, 79 Lower Main Rd, Observatory, Cape Town Opening Bid: R15 MILLION 10 Sectional title units 2 Storeys Erf size: 1360m² GLA: 1129m² Heritage building 26 Parking bays in the rear 10 Units partially renovated Outstanding redevelopment potential in student / commercial node Property falls within the City of Cape Town's Urban Development Zone (UDZ) tax incentive scheme Ripley ripley@highstreetauctions.com LIQUIDATION LIQUIDATION Prime Land Web Ref: LOT 29 Cnr Quartz Drive & Boundary Road, Kya Sand Classco Trading (Pty) Ltd (In Liquidation) Master's Reference Number: T.3219/15 Partially built industrial units Land Extent: m² Bulk services and internal services installed Excellent long term return Rodney rodney@highstreetauctions.com 17

20 LOT 30 Residential Property with Business Rights Web Ref: Rondebult Road, Libradene, Boksburg Land Extent: 1487m² Current Site Improvements: ± 350m² Zoning: Business 3 F.A.R: 1.2 Height: 2 Storeys Coverage: 60% The N3, N12, N17, R21, R29 and the R555 are all easily accessible from this property Nikolai nikolai@highstreetauctions.com LOT 31 Investment Property in Embassy Node Web Ref: Section Eridanus St, Waterkloof Ridge 4 Bedrooms 2 Bathrooms Land Extent: 1803m² Unit Size: 362m² 2 Automated gates adding to security Electric fencing 4 Electric garage doors Pre-paid electricity Swimming pool Large storeroom under the unit Large patio Built-in braai Wikus wikus@highstreetauctions.com 18

21 LOT 32 Investment Property in Embassy Node Web Ref: Section Eridanus Street, Waterkloof Ridge 3 Bedrooms 2 Bathrooms Land Extent: 1803m² Unit Size: 346m² 2 Automated gates adding to security Electric fencing 2 Electric garage doors Pre-paid electricity Additional flatlet Pool Games room Wikus wikus@highstreetauctions.com LOT 33 Fully Let Industrial Warehouse & Offices Web Ref: & 17 Banfield Road, Industria North Opening Bid: R3 MILLION Comprises 2 industrial warehouses Well maintained Currently occupied by two tenants Leases expire in 2022 & 2024 respectively Total GLA: ± 2 520m² Ground level offices and staff canteens Mezzanine storage 1 800Amp power supply Projected GAI: ± R Stand size: 3 216m² Cliff cliff@highstreetauctions.com 19

22 LOT 34 5 Bedroom Home + 2 Flats Web Ref: Pine Avenue, Ferndale Opening Bid: R1 MILLION BANK INSTRUCTION BANK INSTRUCTION 5 Bedrooms (Master en-suite) 2 Full bathrooms Lounge / Dining Room / Kitchen Loft Wooden bar / Pool room Jacuzzi / Pool Covered patio Domestic room 2 Flats with separate entrances Shawn shawn@highstreetauctions.com LOT 35 COURT ORDER Cluster Home Web Ref: Surrey Manor, 101 Dennis Road, Atholl, Sandton COURT ORDER Upmarket cluster Opulent 4 Bedroom home 4 Bathrooms - All en-suite Swimming pool Staff quarters Triple garage 24 Hour security Joff joff@highstreetauctions.com 20

23 THE SALE PROCESS Initial consultation Post-auction closing and reporting Property assessment and establishment of research parameters. Mandate concluded Auction event Timeline to a successful auction: 4-6 weeks Auction and Advertising budget recommendation and client approval process Execution of marketing campaign and bidder management Draft marketing materials circulated for approval Property listing on system, website and auction date set

24 THE HIGH STREET AUCTION COMPANY (PTY) LTD Johannesburg rd Floor, 160 Jan Smuts Avenue, Rosebank, Gauteng, 2196, South Africa PO Box , Saxonwold, 2132 Cape Town Section 10, 6th Floor, Hill House, Cnr De Smidt Street & Somerset Road, Green Point, Cape Town, 8005, South Africa Durban The Business Centre, 2 Ncondo Place, Ridge Side, Umhlanga Ridge, Durban, 4319, South Africa HIGH STREET Kindly note that in order to bid at an auction, please NAA GLOBAL bring proof WINNERS of identity and residence and if bidding on behalf of a juristic entity, a letter of authority is also required. A registration fee of R is payable on registration.