2016 Emfuleni Estate PROPERTY PORTFOLIO DISPOSAL MIGUEL RODRIGUES FREEDOM PROPERTY FUND LIMITED 24 Peter Place
Property Report Name STRATHMORE, Number 436, Portion 2 REGISTERED PROPERTY DETAILS FREEDOM Property Fund Limited Property Type FARM Diagram Deed T4013/1921 Farm Number 436 Registered Size 18.1731H Portion Number 2 Municipality - Farm Name STRATHMORE Province NORTH-WEST Registration Division IP Coordinates (Lat/Long) -26.917230 / 26.664343 Deeds Office PRETORIA OWNER DETAILS Owner 1 of 1 Person Type COMPANY Title Deed T31493/2014 Name HAZEL HUES TRADING 8 PTY LTD Purchase Date 2013/05/02 Registration Number 201100666607 Purchase Price (R) 29,925,000 Share (%) - Registration Date 2014/05/06 LOCALITY MAPS The property is situated within the Klerksdorp town boundary, approximately 5km from the CBD. Access to the Property is obtained via a servitude street which intersects with the R30 approximately 300m from the property boundary. GENERAL PLANS Phase 3 (POS) & Land Rights 1
Phase 1 Phase 2 2
PROPERTY INFORMATION PHYSICAL CHARACTERISTICS Topography and flood lines The site has a gentle slope towards the west where it drains into a spruit. The site is affected by a flood line which is incorporated into the layout plan. Geotechnical conditions A Geotechnical study was conducted which contains founding recommendations. SERVICES Civil Bulk - All bulk services have been provided in respect of Phases 1 and 2. The outfall sewer must still be connected. Roads and stormwater service infrastructure and connections have been installed. Internal - All internal services have been installed for Phase 1 in accordance with the engineering designs and requirements. A perimeter wall has been constructed around Phase 1. Electrical - The internal electrical reticulation has been installed for Phase 1. BUILDINGS A unique aspect of the designs involves the single residential house types that can be extended over time. Only 149 freehold erven will be made available. These erven have a ruling size of 380m2 and will facilitate the erection of houses between 55sqm and 90sqm The duet dwellings total 350 with unit size of approximately 70sqm. TECHNICAL FEASIBILITY AND MOTIVATION The Emfuleni Estate will offer an exclusive lifestyle in the affordable segment of the market. This is a very unique development in this market segment where secure and exclusive living options have been long overdue. The proposed architectural drawings cater for a wide variety of unit types and styles. The Estate makes provision for a Private Open Space of 8.4 ha that slopes away from the houses towards the nearby river. Approximately 2ha of this space will be included in the perimeter fence. Recreational facilities such as a jungle gym and hard court will be provided for residents. The project presents an unbeatable value proposition- offering a secure lifestyle estate to the affordable market- close to all amenities. PRICE BRACKET It is anticipated that the finished product be entered into the market in the following brackets: The proposed development will therefore cater for households in the income bracket of R 15 000 to R 22 000 per month. DEMAND Interviews were held with various estate agents and by evaluating the drivers of Klerksdorp it can be concluded that the demand will rise or (worst case) will remain consistent over the next few years. (This is obviously related to a positive economic climate in South Africa). It is further foreseen that the development will be extremely popular due to the following inherent characteristics: Security. Product differentiation and market range. Locality (in relation to CBD, schools and job opportunities). Lack of alternative options. It should be noted that the existing townships of Kanana and Jouberton do not offer a variety of housing options. Further lower income neighbourhoods of the former white areas also do not offer the same quality in the built environment. This leaves a pronounced gap in the market that will be filled by Emfuleni Estate. The targeted clients will primarily consist of mine employees and government officials. 3
SALES Sales shows the details of the most recent transfers, sales pending registration and properties for sale in close proximity to the specified property. Recently Registered Transfers Address / Property Description Size (m 2 ) Sales Price (R) Distance (m) Sold Transferred A STRATHMORE/IP, 436, 2 180 000 29,925,000-2013/05/02 2014/05/06 B NOOITGEDACHT/IP, 434, 90 30 000 300,000 506 2014/02/04 2014/06/17 B NOOITGEDACHT/IP, 434, 90 30 000 340,000 506 2013/05/08 2013/08/13 C NOOITGEDACHT/IP, 434, 12 80 000 700,000 611 2013/11/15 2014/07/04 D NOOITGEDACHT/IP, 434, 39 40 000 4,412,655 1 078 2012/11/26 2013/02/27 E NOOITGEDACHT/IP, 434, 41 20 000 144,495 1 142 2012/11/26 2013/02/27 F NOOITGEDACHT/IP, 434, 150 20 000 1,834,000 1 217 2014/10/02 2014/12/19 G NOOITGEDACHT/IP, 434, 216 60 000 733,590 1 235 2012/11/12 2013/03/27 H NOOITGEDACHT/IP, 434, 149 20 000 2,009,000 1 409 2015/05/20 2015/08/18 Sales Pending Registration Address / Property Description Size (m 2 ) Sales Price (R) Distance (m) A NOOITGEDACHT/IP, 434, 70 357 459 130,000 1 206 B ROODEPOORT/IP, 435, 13 69 726-1 476 Price (R) R/m 2 Extent (m 2 ) Highest Priced Property 29,925,000 166 180 000 Average Priced Property 3,978,976 50 78 810 Lowest Priced Property 130,000 0 357 459 IMAGES 4
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