LENASIA PROPERTY AUCTION

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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CORPORATE DISPOSAL

DEVELOPMENT LAND – PORT ELIZABETH

TOTAL LAND SIZE – 40ha

Mission Road l PORT ELIZABETH

WH Auctioneers Properties (PTY)

Ltd

578 16th Road, Randjespark,

Midrand

Tel: 0115745700

www.whauctions.com

PROPERTY ON AUCTION

BID LIVE AND VIA WEBCAST

Auction Date & Time: Wednesday 20 May 2020 – 12h00

Webcast bidding only – See below for details

Contact for further info:

Joshua Pelkowitz

Cell: 072 536 5482 • Email: joshuap@whauctions.com

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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Index

1. Background for Disposal Page 3

2. Guidelines to Auction Page 4

3. General Page 7

4. Title Deed Information Page 7

5. Locality Page 7

6. Description of Improvements Page 8

7. Site Layout Page 9

8. Site Photographs Page 10

9. Municipal Accounts Page 11

10. Title Deed Page 12

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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1. BACKGROUND AND REASON FOR DISPOSAL WH Auctioneers Properties has been duly instructed by LAFARGE MINING SA (PTY LTD) to assist with the disposal of non-core property assets by way of public auction. The Lafarge Group is undergoing a consolidation process, with non-core asset disposals being one of the mechanisms in the process.

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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2. GUIDELINE FOR THE AUCTION

BIDDING OPTIONS

1. WEBCAST BIDDING (PROCEDURE BELOW) Registration: Bidders can register at any time prior to auction by contacting the auction house. Identity and FICA documents are required in order to register for the auction.

All potential buyers are required to pay a registration fee of R25 000 in order to bid at the auction. This amount can be paid either by bank guaranteed cheque or EFT into the Auctioneer’s trust account. Cash will NOT be accepted at the venue.

Once registered each buyer will be issued with a buyer’s card reflecting a buyer’s number. Upon signature of the registration documents, all buyers will have acknowledged and accept the Terms and Conditions set out in the Rules of Auction.

Registration Fee: R25 000.00 (Refundable to unsuccessful bidders) Deposit: 21.5% of hammer price Confirmation period: 7 business days. Balance of the purchase price payable within 21 business days after confirmation of sale.

The bid price excludes the buyer’s premium which is payable over and above the purchase price.

Example: Highest bid with buyer’s premium Bid Price: R 100 000.00 Buyers comm. (10%) R 10 000.00 VAT on the Buyer’s Premium R 1 500.00 Total Purchase Price R 111 500.00

The auctioneers have the right to regulate the bidding at the auction and to bid on behalf of the seller up to (but not exceeding) the reserve price as mandated by the seller. When the auctioneer knocks down the property to the highest bidder the successful bidder will sign the Conditions of Sale on the day.

A deposit of 21.5% is payable on the fall of the hammer. This percentage is made up of the commission payable by the successful bidder of 10% plus VAT (namely, 11.5%) plus a 10% deposit on the purchase price of the Property.

The deposit is payable by way of a Bank Guaranteed cheque or electronic transfer. The deposit and buyer’s premium are deposited into the WH Auctioneers Trust account.

For queries regarding the properties on auction contact: Joshua Pelkowitz: 072 536 5482 WH Auctioneers offices: 011 574 5700

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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3. GENERAL Property Address: Mission Road, Greenbushes AH, Port Elizabeth Erf & Suburb & City: Portion 56 (a portion of portion 9) of the Farm Kuyga No. 8, Port Elizabeth

4. TITLE DEED INFORMATION

Deeds Office: Cape Town Title Deed No. T96561/2007 Erf Size: 40.4498 Hectares Zoning: Agricultural

5. LOCALITY

The property is located on one of the main roads running through Greenbushes AH. Greenbushes is fast becoming a highly sought after industrial and investment node for manufacturing, logistics and distribution. Its proximity to the N2 and Cape Road makes it a very strategic location in Port Elizabeth. Massmart have recently acquired a large tract of land in Greenbushes for the development of a new Makro over the next 2 years.

Port Elizabeth one of the major cities in South Africa; it is situated in the Eastern Cape Province, 770 km (478 mi) east of Cape Town. The city, often shortened to PE and nicknamed "The Friendly City" or "The Windy City", stretches for 16 km along Algoa Bay, and is one of the major seaports in South Africa. Port Elizabeth is the southernmost large city on the African continent, just farther south than Cape Town. Port Elizabeth was founded as a town in 1820 to house British settlers as a way of strengthening the border region between the Cape Colony and the Xhosa. It now forms part of the Nelson Mandela Bay Metropolitan Municipality, which has a population of over 1.3 million.

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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6. DESCRIPTION OF IMPROVEMENTS

The subject property comprises a large tract of flat, undeveloped land measuring approx.. 40ha. The property was historically purchased for mining purposes. No mining rights currently reside with the property. There is a spruit running through the north western portion of the site. The road running adjacent to Mission Road is earmarked for expansion across the N2 to be linked directly to Baywest Mall.

SURROUNDINGS

New MAKRO Site

Greenbushes Industrial

New Road (proposed)

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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7. SITE LAYOUT

Spruit

Afrimat Quarry

The Barn

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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8. SITE PHOTOGRAPHS

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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9. MUNICIPAL ACCOUNT

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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10. TITLE DEED (full copy available)

The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all

sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.

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