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Property Information PackExpert Knowledge

Local Service. Global Reach.

ONLINE PROPERTY AUCTIONSALE CLOSING: 10 SEPTEMBER 2015

Special Conditions - Annexures A-G

Erf 6348, Voorspoed, Welkom (Province of Free State)

Title Deeds & DiagramsDefect List

4th Street, Voorspoed, Welkom

GoIndustry DoveBidGoIndustry DoveBid www.Go-Dove.com/southafrica

NOTICE TO BIDDERS Welcome to GoIndustry DoveBid SA Online 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 www.go-dove.com/southafrica. On this page we will give you a quick introduction to our online portal as well as relevant legislation on purchasing property in South Africa. 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 for the Online Auction opening, 03 September 2015 at 12:00 and closing, 10 September2015 from 15:00. It is supplied for whatever assistance it may provide in answering questions; however: 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 R10 000.00 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 0861 463 683.


HOW TO REGISTER AND BID ON: www.go-dove.com

1. 1st register on the website at: https://www.go-dove.com/accounts/register.asp 2. Once you have completed this, you will be sent an email, in the email is a link, please click on this to verify your

email address. 3. Go back to the website and sign in. 4. Go to the sale that you are interested in. 5. On the opening sales page or event page on the right you will see a button that says “Sign up for Event”, click on

this. 6. A notification may pop up saying you only have viewer/registrant status. You need to apply for buyer status, do

this by clicking the link and verifying your details and Terms & Conditions. 7. A notification will then say your buyer status will be activated within 72hrs. (if this doesn’t happen within the 72

hour time frame, kindly contact our office) 8. Once you have been approved/vetted, then go back to the website, event page and click on “View Lot Catalogue”.

Make sure you are logged in. 9. This shows a listing of all the lots for that sale. 10. In the middle of each lot is a picture of a pen and says “Watch This”

11. Click on the “Watch This” on the lots that you are interested in bidding, it will change to a watching symbol. You have now moved the lots into your bid manager.

12. You will now control all your bidding from the Bid Manager. To get to your bid manager click on “My Account” go down to “Bid Manager”, then left to “Active Lots”

13. From here you will control your bidding, it will show various icons on the status of the lots and the status of your bids, IE, met reserves, winning, outbid etc. And most importantly the time remaining.

14. Just click on Bid Now, insert you amount, click “Place Auto Bid” and it will ask to confirm your amount. 15. The auction has a closing Date and Time, however lots may go into extended time, eg. Each lot must have 10

minutes of no bidding before it closes. If for example the auction closes at 14h00 (SA time) and a bid comes in at 13h55 for Lot 1, then lot 1 is open to 14h05, a bid may now be placed at 14h02, it is then open to 14h12 and so on. This is done to assist bidders with poor internet connections and is the same principle as the auctioneer saying “Going, Going, GONE!” So please watch your bids/lots that you are interested in CAREFULLY.

Things to Note:

A. All lots are priced to sell with 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, an 8% buyer’s 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: http://www.go-dove.com/help/default.asp D. There is an instruction video available on YouTube titled: How to Register at Go-Dove.com visit

http://www.youtube.com/watch?v=rZkr8nfumfs

http://www.go-dove.com/

https://www.go-dove.com/accounts/register.asp

http://www.go-dove.com/help/default.asp

http://www.youtube.com/watch?v=rZkr8nfumfs


PROPERTY SUMMARY

LARGE INDUSTRIAL LAND ±19,757M² , WITH IMPROVEMENTS IN WELKOM Property Address: 4th Street, Voorspoed, Welkom Co-ordinates: 27°59'34.46"S 26°45'49.13"E Property Description: Erf 6348, Voorspoed, Welkom (Province of Free State)

Fully described on Title Deed No: T8236/1990

Extent: ±4,219m² (Improvements)

±19,757m² (Erf) Ownership: Telkom SA (Pty) Ltd Zoning: General Industrial Municipal Valuation: (2014/2015 Financial Year)

R5 250 000

Property Details: This Telkom property is situated along 4th Street, Voorspoed, Welkom within the

industrial area of Welkom. Access to the property is easily obtained. Fairly close to most important amenities, ±4km from Welkom CBD. The erf size of the property is measuring ±19,757m² and of irregular shape developed land. The property is improved with several buildings and measuring ±4,219m² in total with details as follows: Building 1 – Offices (±867m²) prefab asbestos under iron roof. Building 2 – Stores (±360m²) prefab asbestos under iron roof. Building 3 – Training Centre (±288m²) prefab asbestos under iron roof. Building 4 – Offices – Construction (±225m²) prefab asbestos under iron roof. Building 5 – Workshop (±365m²) steel structure under iron roof. Building 6 – Garages (±1 488m²) steel structure under iron roof. Building 7 – Carports (±525m²) steel structure under iron roof. Building 8 – Ablutions (±31m²) brick walls under iron roof. Building 9 – Office (±60m²) brick walls under iron roof. Building 10 – Security (±10m²) brick walls under iron roof. Matjhabeng Municipality


Property Notes: The Purchaser must comply with the conditions at their own cost to enable the transfer of the property. These conditions are specified in “Annexure A”. 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.

Auction Notes: • Bidders and participants who wish to take part in the auction are required to

register on the GoIndustry DoveBid 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, TFMC and GoIndustry DoveBid 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 are subject to Value Added Tax charged at 14%.

OFFER TO PURCHASE IMMOVABLE PROPERTY ON AUCTION

Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure A September 2015 CONFIDENTIAL Special Conditions & known Defects Page 1 of 4

ANNEXURE “A”:

SPECIAL CONDITIONS AND KNOWN DEFECTS

General information.

Location.

The subject property – Erf 6348, Voorspoed, Welkom:

Is situated along 4th Street, Voorspoed, Welkom.

In the industrial area of Welkom.

Access to the property is easily obtained.

Below average exposure.

Fairly close to most important amenities, +- 4km from Welkom CBD. Property.

The subject property – Erf 6348, Voorspoed, Welkom – measuring approximately

19 757 m2; of irregular shape developed land.

Improvements.

The property is improved with several buildings - measuring approximately 4 219 m2

in total – with details as follow:

Building 1 – Offices (+- 867 m2) prefab asbestos under iron roof.

Building 2 – Stores (+- 360 m2) prefab asbestos under iron roof.

Building 3 – Training Centre (+- 288 m2) prefab asbestos under iron roof.

Building 4 – Offices – Construction (+- 225 m2) prefab asbestos under iron roof.

Building 5 – Workshop (+- 365 m2) steel structure under iron roof.

Building 6 – Garages (+- 1 488 m2) steel structure under iron roof.

Building 7 – Carports (+- 525 m2) steel structure under iron roof.

Building 8 – Ablutions (+- 31 m2) brick walls under iron roof.

Building 9 – Office (+- 60 m2) brick walls under iron roof.

Building 10 – Security (+- 10 m2) brick walls under iron roof.

Notwithstanding the above information given, the Purchaser still needs to investigate

/ inspect the property accordingly.

Condition of property and improvements:

The improvements on the property appears to be in average state of repairs.

However, no structural surveys were undertaken, nor were any tests / inspections

done by the Seller and as such it is assumed that improvements are free of any rot,

beetle or any other major defects. As such the Purchaser still needs to investigate /

inspect the property accordingly.

In the event that asbestos material (-s) exist / may exist on site – the purchaser

acknowledges being informed / reminded of the following:

The Purchaser

acknowledges that

this clause was

specifically brought

to his/her/its

attention:

Signed by the

Purchaser

________________



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.

The Purchaser further confirms that it submits this Offer to Purchase with full

cognisance of the nature of the Property, and that it will have no claim of whatsoever

nature against the Seller, either before the date of transfer or thereafter, as a result

of the afore-mentioned, vandalism, illegal occupation, statutory non-compliances

(with specific reference to building codes, health and safety) etc.

For the sake of clarity and ease of completeness an Aerial Image (Annexure E) and

some photographs / images (Annexure F) are attached herewith.

Town Planning conditions:

Availability of services.

Purchaser acknowledges being informed that the Developer / Purchaser must fully

acquaint itself with sufficient availability of services to the subject property. There

may also be costs involved for the supply of additional electricity or other services.

The purchaser specifically acknowledges that:

1) In the event that electricity-; water-; sewer–; fire prevention- and / or any other

services are either not split or not available; and / or should it be a specific

requirement by Council to provide new separate, independent service (-s), from a

Council supply point(-s) – to the satisfaction of Council or any other relevant authority

– all such requests / requirements needs be adhered to at the purchaser’s cost

SG Diagram (-s).

The Purchaser acknowledges being informed that a copy of SG diagram 2694/54

(Annexure D) is attached to the Offer to Purchase.

Zoning.

The Purchaser warrants that it has been urged to obtain and confirm with the

municipality the current zoning of the Property and has fully acquainted itself thereof

The Purchaser

acknowledges that

this clause was


to his/her/its

attention:

Signed by the

Purchaser

________________



and that it will have no claim of whatsoever nature against the Seller, either before

the date of transfer or thereafter, due to changes in respect of the Property’s zoning.

The zoning of the property as received from Matjhabeng Municipality, dated 23 March

2009 (Annexure B) is “General Industrial”.

Sub-division application conditions and / or re-zoning application conditions (if any).

n/a

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

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.

Other Conditions to be noted by the purchaser.

Telkom Occupying Property

The Purchaser acknowledges that they have been informed that Telkom is still

occupying certain portions of the property. Should the sale transaction register before

Telkom employees have successfully been relocated elsewhere, a lease agreement

needs to be entered into until such time as the property is vacated by Telkom. Refer

to draft Lease agreement (Annexure G).

Heritage status.

No investigation (-s) undertaken in this regard.

The Purchaser accordingly warrants and acknowledges that it will be required to

liaise, possibly amongst others with the Local Municipality, Heritage Resources

Section and SAHRA Regional Office, to ascertain whether any Heritage classification

applies to the property / portions of the property.

Especially in view of the fact that, should such classification exist and / or be

applicable, the Purchaser may be required to act within specific requirements /

specifications / laws and or by-laws as may be imposed by relevant Authorities before

it would potentially be allowed to develop and or use this property or portions of the

property responsible and sustainable from, amongst others, a “heritage” and

“ecological” point of view.

The Purchaser

acknowledges that

this clause was


to his/her/its

attention:

Signed by the

Purchaser

________________



Encroachments (if any).

No investigation (-s) undertaken in this regard.

Title Deed conditions:

The Purchaser acknowledge being informed of Title Deed number T1014/1973 and

subsequent conditions as contained therein (Annexure C).

============================================

The Purchaser

acknowledges that

this clause was


to his/her/its

attention:

Signed by the

Purchaser

________________


Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure B September 2015 CONFIDENTIAL Zoning Certificate Page 1 of 1

ANNEXURE “B”:

ZONING CERTIFICATE

The Purchaser

acknowledges that

this clause was


to his/her/its

attention:

Signed by the

Purchaser

________________


Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure C September 2015 CONFIDENTIAL Title Deed (T1014/1973) Page 1 of 4

ANNEXURE “C”:

TITLE DEED (T1014/1973)

The Purchaser

acknowledges that this

clause was specifically

brought to his/her/its

attention:

Signed by the

Purchaser

________________



The Purchaser




attention:

Signed by the

Purchaser

________________



The Purchaser




attention:

Signed by the

Purchaser


Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure D September 2015 CONFIDENTIAL SG Diagram Page 1 of 2

ANNEXURE “D”:

SG DIAGRAM (2694/54)

The Purchaser acknowledges

that this clause was specifically

brought to his/her/its attention:

Signed by the Purchaser

________________


Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure D September 2015 CONFIDENTIAL SG Diagram Page 2 of 2





________________


Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure E September 2015 CONFIDENTIAL Aerial Image Page 1 of 1

ANNEXURE “E”:

AERIAL IMAGE

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.





________________


Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure F September 2015 CONFIDENTIAL Photographs Page 1 of 1

ANNEXURE “F”:

PHOTOGRAPHS

Kindly note that these photos are 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.

STREET VIEW (1)

STREET VIEW (2)

The Purchaser




attention:

Signed by the

Purchaser

________________


Offer to Purchase Immovable Property on Auction Erf 6348, Voorspoed, Welkom. Annexure G September 2015 CONFIDENTIAL Lease Agreement Page 1 of 30

ANNEXURE “G”: LEASE AGREEMENT

The Purchaser




attention:

Signed by the

Purchaser

________________



The Purchaser




attention:

Signed by the

Purchaser

________________

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