CHARTWELL

HOLDING 2 FARMALL AGRICULTURAL HOLDINGS 2 3rd STREET CHARTWELL

ONLINE & LIVE AUCTION

Selling Made Easy

Empire Auctions Properties Pty Ltd Langham’s Business Centre

1 Tamchele Rd Beverley, Sandton

Gauteng

www.empireauctions.co.za

Company Reg No: 2016/412351/07

VIEW BY APPOINTMENT AUCTION DATE: SAT 21st NOVEMBER @ 11h30

AUCTION VENUE: ON SITE AT 2 3rd STREET CHARTWELL

BID ONLINE NOW: CLICK HERE

https://auction.instantproperty.co.za/p/multi-purpose-property/chartwell-developers-investors-house-cottages-stables-conference-centre/390

AUCTIONEER’S NOTE: COVID-19 SAFETY REQUIREMENTS WILL BE APPLIED TO THE ONSITE AUCTION AND ANY VIEWING PRIOR TO AUCTION. ALL ATTENDEES MUST WEAR A PRESCRIBED FACE MASK AND SANITISER WILL BE AVAILABLE ON ENTRY AND DEPARTURE. NO MASK – NO ENTRY.

Contact for further info:

Disclaimer Whilst all the reasonable care has been taken to provide accurate information, neither Empire Auctions (Pty) Ltd nor the Seller/s guarantee the correctness of the information provided herein and

or will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or otherwise of Empire Auctions (Pty) Ltd or the Seller/s or any other person.

Carl McAdam Cell: 078 185 3024 Email: carl@empireauctions.co.za

Rob Whiteley Cell: 083 414 7943 Email: rob@empireauctions.co.za

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LIVE ONLINE AUCTION RULES AND PROCEDURES

1. The Rules of the Auction meet the requirements of the Consumer Protection Act, Act 68 of 2008 (“the Act”) to the best of the Auctioneers knowledge.

2. The property will be sold subject to reserve to the highest bidder and subject to confirmation by the Seller who has 3 calendar days (“Confirmation Period”) to accept or reject the offer. No bid may be withdrawn after the Auction ends and the highest bidder’s (“Purchaser’s”) offer shall remain open for acceptance by the Seller or the Auctioneer on behalf of the Seller until expiry of the Confirmation Period.

3. The Auction is subject to the control of the Auctioneer who has the sole right to regulate the bidding. 4. Each live online Auction conducted by Empire Auctions has a specific starting date and starting time. Live Online Auctions will be held

onsite at the property on auction or other nominated venue and are subject to a reserve or upset price, unless otherwise indicated. An Auction is deemed to have commenced once the first bid is made. Auctions will not be delayed to enable any specific person or more persons in general to take part in the Auction.

5. A prospective bidder cannot participate in a live online Auction if not registered as a bidder. The registration process includes: (i) Registration Fee of R10 000-00 into the Auctioneer’s nominated Trust account (refundable if not highest bidder) – payable

only by way of EFT (electronic funds transfer); (ii) copy of the prospective bidder’s SA ID or Passport; (iii) proof of residence (utility bill or TV licence etc); (iv) contact details (cell no and email); (v) confirmation that these Rules and Procedures have been read and understood.

6. All registered bidders must read the offer to purchase (“OTP”) before the start of the Auction and must only bid unless he or she has done so. By making an offer on any property offered by Empire Auctions as a live online Auction, the bidder warrants that he/she understands that making an offer is entering into a bidding process.

7. Bidding shall be in increments of South African Rands. 8. The VAT status of the property will be displayed on the website and/or read out by the Auctioneer before the Auction. 9. The Auctioneer or his bona fide agent shall be entitled to bid up to the reserve price on behalf of the Seller, but not be entitled to

make a bid equal to or exceeding the reserve price. 10. Any error by the Auctioneer shall be entitled to be corrected by him/her. 11. No “nominee bids” will be accepted. Any agent/representative purchasing on behalf of a principal must provide a copy of the required

written mandate/resolution/proxy at time of registering for the auction and must comply with the requirements of Regulation 26(3) of the Act.

12. In the event of any dispute between the bidders, the Auctioneer’s decision shall be final and binding. 13. The Purchaser shall not be held liable for any arrears unless otherwise stipulated in the OTP. 14. Every bid shall constitute an offer to purchase the property for the amount bid, which the Seller or the Auctioneer may accept or

reject in their absolute discretion. The Seller and the Auctioneer are entitled to withdraw the property from sale prior to acceptance by the Seller.

15. If no bid equals or exceeds the reserve price, the property may be withdrawn from the Auction. The Seller shall be entitled to instruct the Auctioneer to accept any lower bid.

16. The sale shall be deemed to be a sale for purposes of the Act. 17. The Purchaser hereby nominates Empire Auctions Properties (Pty) Ltd as its agent for the purpose of receiving and accepting

notification of acceptance of this offer. 18. Should the Seller reject the Purchaser’s offer, the Auctioneer will repay to the Purchaser any deposit and commission paid to it in terms

of the OTP within a reasonable time. 19. In the event of the sale requiring the consent of any statutory authority or any court of law, then this Auction sale is subject to the

granting of such consent. 20. Upon signature of the OTP by the Purchaser, the Purchaser will pay to the Auctioneer over and above the bid price, Auctioneer’s

commission equal to 10% (ten per centum) of the bid price thereon. Such commission paid to Empire Auctions is non-refundable upon acceptance of the OTP by the Seller.

21. Auctioneer’s commission shall be paid by the Purchaser (by EFT into the Auctioneer’s nominated Trust account) in order to secure the bid.

22. The balance of the full purchase price of the property must be paid by the Purchaser by way of bank guarantees acceptable to the Seller, within 30 (thirty) calendar days after acceptance of the OTP by the Seller or the Auctioneer.

23. Section 45 (1) to (4) of the Act are brought to the registered bidders’ attention: “Auctions 45. (1) In this section, “Auction” includes a sale in execution of, or pursuant to, a court order, to the extent that the order contemplates that the sale is to be conducted by an Auction. (2) When goods are put up for sale by Auction in lots, each lot is, unless there is evidence to the contrary, regarded to be the subject of a separate transaction. (3) A sale by Auction is complete when the Auctioneer announces its completion by the fall of the hammer, or in any other customary manner, and until that announcement is made, a bid may be retracted. (4) Notice must be given in advance that a sale by Auction is subject to (a) a reserve or upset price; or (b) a right to bid by or on behalf of the owner or Auctioneer, in which case the owner or Auctioneer, or any one person on behalf of the owner or Auctioneer, as the case may be, may bid at the Auction.”

24. Section 55 (1) expressly states that the cooling off period does not apply to goods bought on Auction: “Consumer’s rights safe, good quality goods 55. (1) this section does not apply to goods bought at an Auction, as contemplated in Section 45.”

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1. GENERAL

GENERAL OVERVIEW OF PROPERTY

The property is easily accessed off a tar road (3rd Road/Street) which is off Cedar Road, and 3 minutes’ drive to/from the popular upmarket Broadacres Shopping Centre.

The attractive property slopes gently down from the top (near the sand road where the second entrance is located) and ends at the bank of the Klein Jukskei River. The respective buildings are located at different points and build on flat ground. The long driveway from the main gate (at the river) is flanked by fully-grown pine trees. Birdlife is prolific, adding to the country ambiance.

While the respective buildings are mostly in a state of disrepair, they are mostly sound and the infrastructure attractive. Therefore if bought for family living, renovations would be required.

For business investors, the property aptly lends itself to numerous options - restaurant / pub / community or public gathering location and could also be hired on an ad hoc basis for functions.

ENTRANCES TO PROPERTY

There are two entrances, one from the main gate on river (leading up to the main house) and another from the sand road around the corner which then splits to go to entertainment/restaurant area and cottage.

MAIN HOUSE (close to black gate/first building when going up driveway)

Bedrooms: 2

Bathroom 1: Bath and basin and toilet.

Bathroom 2: Shower and basin and toilet

RESTAURANT/EVENTS BUILDING

Swimming pool just outside this building, next to patio.

Extremely large building for entertaining or hiring for events. It could be used as a house as well.

Includes:

Toilets x 5 – next to ‘’underground’’ bar and entertainment area, the area of which includes raised wooden stage for musicians/poets/theatrical events/soirees, including enormous space for tables, etc, where patrons would sit/congregate/eat. Food can be made in large tiled kitchen area.

BAR

Entrance below the above restaurant/events building. Unfinished but has a huge wooden bar, separate alcoves for intimate conversations, large area for tables and chairs. Although a big space, it has a cosy true pub-like feel. The raised stage and seating/eating area is accessed through an open door.

COTTAGE

Large cottage. 2 bedrooms, bathroom. Huge office with fixed wooden shelving structures and massive lounge (or could be used as two lounges). Private outside areas for braais etc.

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PIZZA DEN

Separate small building with working wood-fuelled traditional pizza oven. Room for friends to commune in intimate setting. Located further down from the main house.

OFFICE BLOCK

Horse-shoe shaped office block (or could be used for one or two cottages) with large courtyard. Located just above the river.

STABLES

Spanish-style stabling for 6 horses, located away from the main house.

BOREHOLE

No pump but plenty of water and more boreholes could be created.

SUB-DIVISION POTENTIAL

The property can be divided into 4 parcels (in principle) as per independent town planner’s report from a few years ago. Report is available for perusal. Purchaser would need to take it further, should they wish.

ELECTRICITY/WATER

There is currently no municipal electricity or water available - as the previous owner went off the grid in 2017, using borehole water and generators.

AUCTIONEER’S NOTE

There are utility arrears which will be paid by the purchaser before transfer can be effected. These currently stand at the figures below, but are subject to additional cost (time to transfer from purchase) and interest accrued thereon.

City of Johannesburg Property Rates / Water & Sanitation / Pikitup Refuse: R185 689.47

Eskom Electricity: R98 044.90

2. TITLE DEED INFORMATION

Deeds Office: Pretoria

Erf / Suburb / City: Holding 2 Farmall Agricultural Holdings Northern MSS

Greater Johannesburg TMC Gauteng

Physical Address: 2, 3rd Street Chartwell Fourways Gauteng

Erf Size: 4.2630Ha

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3. LOCALITY

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4. EXTERIORS / INTERIORS

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