The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

Property valuation

Photographs

Current tenancy

SG diagrams

Contact details

SALES PACK MIDRAND MOTOR CITY, MIDRAND

Property Summary

Sales Pack – Midrand Motor City, Midrand 2 PROPERTY SUMMARY

General

Midrand Motor City 1081 Main Road Midrand

Title deed information

Title Deed Number : T93264/2001 Registered Owner : Arnold Properties Pty Ltd Title Deed Description : Erf 45 Randjespark Ext 25, Erf 199 Randjespark Ext 36 Erf extent : 15,436 m²

Municipal information

The property is situated in the City of Johannesburg Local Municipality. According to the Town Planning Scheme, the property is zoned as follows:

Town planning - permitted

Zoning : Special Permitted uses : Office, Industrial, Workshop, Lubrication Bay, Storage F.A.R. / Bulk : 0.5 Permitted Height : 2 Storeys Permitted coverage : 40% Parking requirements : 6 bays per 100m2 gross leasable floor area Building lines : 16m from road P1-2, 10m from any other street boundary, 15m from any other boundary

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

3 Sales Pack – Midrand Motor City, Midrand LOCALITY

The property is situated north of the busy Midrand CBD on the Old Pretoria Road. Midrand CBD is one of the prime business centres of Gauteng. The property faces onto the Main Road with prime exposure and high vehicle traffic. The property is surrounded by similar type commercial properties. The area is accessible via main and secondary routes, such as Allandale off the M1 highway. The property enjoys all municipal services such as tarred roads, water, sewerage and electricity. All necessary amenities are available within the CBD and nearby.

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

Sales Pack – Midrand Motor City, Midrand LOCALITY

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

Sales Pack – Midrand Motor City, Midrand INDICATIVE PROPERTY VALUATION

Description Market rate Monthly rental Office 311.00 m² R 48.00 /m² R 14 928 FF Action Crick 1 981.00 m² R 21.00 /m² R 41 601 Shops 4 324.36 m² R 70.00 /m² R 302 705 Store Room 328.92 m2 R 53.00 /m2 R 17 433 Workshop 518.75 m² R 53.00 /m² R 27 494 Yard 159.00 m² R 0.00 /m² R 0 Concession Area 777.13 m² R 0.00 /m² R 0

Total GLA 8 400.16 m² Parking - Open 187 - R 0 Parking - Shade 8 - R 0 Parking - Covered 3 - R 0 Total Parking bays 198 Gross monthly rental R 404 161 Gross annual rental R 4 849 932 Vacancy provision annual R 484 993 (10%) Gross annual income R 4 364 939

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

Sales Pack – Midrand Motor City, Midrand INDICATIVE PROPERTY VALUATION

Description Annual R/m² per month Less estimated annual expenses Service contracts R 91 859 R 0.91 /m² Maintenance R 41 912 R 0.42 /m² Insurance R 30 978 R 0.31 /m² Property Management R 128 729 R 1.28 /m² Security R 195 629 R 1.94 /m² Municipal rates R 628 164 R 6.23 /m² Total expenses R 1 117 271 R 11.08 /m² Net annual income R 3 247 668 Capitalised at 11.0% R 29 524 255 Asking price R 29 500 000

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

Sales Pack – Midrand Motor City, Midrand PHOTOGRAPHS

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

Sales Pack – Midrand Motor City, Midrand 8 CURRENT TENANCY (OVER 200m2) & TOTAL VACANCY

Unit No. Tenant Area A012 Midrand Action Sports 1 981 C2,3,4 Dent Doctor 933 C001 Dekra Automotive 788 AG008, AW S006a WAG – Coachman’s Auto Body Repair 632 B1/5 Midrand Speedy Tyre and Exhaust 527 BG002 PG Glass 477 AG011 LNT Auto Performance 355 Workshop Midrand Canopy Centre 267 AG003 AFROX 218 AG007 Radical Wheelz 216 Vacancy 503

The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company

number required to register. Bid prices exclude VAT.

Sales Pack – Midrand Motor City, Midrand SG DIAGRAMS