LIQUIDATION AUCTION OF RETAIL UNITS ON-SITE & ONLINE: 4 BUSINESS PREMISES IN THE PEARLS OF FOURWAYS - AUCTION VENUE: 6 FOREST DRIVE, LONE HILL EXT ...

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          LIQUIDATION AUCTION OF RETAIL UNITS
                   ON-SITE & ONLINE:
    4 BUSINESS PREMISES IN THE PEARLS OF FOURWAYS
                                          AUCTION VENUE:

                                      6 FOREST DRIVE, LONE HILL
                                          EXT 91, FOURWAYS

                                        AUCTION DATE & TIME:

                                       MONDAY, 11 MAY 2020 @
                                              13H00

                                              VIEWING:

                                         1 HR PRIOR AUCTION
                                            COMMENCING.

CONTENTS

Disclaimer

Auction Details

Property Summary

Municipal Information and Lightstone

Map Location

Estimate valuation

Rates & Taxes

Levies

DISCLAIMER
Whilst all reasonable care has been taken to provide accurate information, neither Root X Auctioneers,
nor the Seller/s guarantee the correctness of the information, provided herein and neither 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 the negligence or otherwise
of Root X Auctioneers or the Sellers or any other person. The Consumer Protection Regulations as
well as the Rules of Auction can be viewed at www.rootx.co.za or at 526 Atterbury Road, Menlo Park,
Pretoria.
Bidders must register to bid and provide original proof of identity and residence on registration.

DETAILS
DATE           :   Monday, 11 May 2020 @ 13h00.

VENUE          :   AUCTION WILL BE HELD ON SITE:
                   The Pearls of Fourways
                   6 Forest Drive, Lone Hill Ext 91
                   Fourways
                   (Auction will also be available online)

AUCTIONEER     :   Dirk Pienaar

CONTACT        :   Monique Smit       –     071 683 2480 / monique@rootx.co.za

TERMS          :   10% Deposit + Buyers Commission payable.
                   60 Days for Guarantees after acceptance of the offer by the Seller

CONFIRMATION   :   Within 7 Days from date of Auction

WEB REFERENCE :    12197 / MS

GENERAL

Property Address    :   6 Forest Drive, Lone Hill Ext 91

Nearest Town        :   Fourways

Title Deed Number :     ST1080-9/2008
                        ST1080-10/2008
                        ST1080-12/2008
                        ST1080-13/2008

TITLE DEED INFORMATION
Registered Owner :      Merlin’s Arrow Inv 16 CC

Province            :   Gauteng

Unit Size in extent :   Unit 9:                            Unit 12:

                        Restaurant – African Quizine       Bridal Shop

                        202sqm                             259sqm

                        Unit 10:                           Unit 13 A&B:

                        Irrigation Business                Salon

                        151sqm                             230sqm

MUNICIPAL INFORMATION

The Property is registered under the City of Johannesburg Municipality.

According to the permitted zoning scheme the property is zoned as follows: ZONING / USAGE - COMMERCIAL

TITLE DEEDS:

AMENITIES:

THE PEARLS OF FOURWAYS

The Pearls is a destination lifestyle design and décor centre with a lot to offer.
The centre is near Commercial businesses and Residential nodes as well as
major shopping malls. The pearls offer access-controlled security with secure
parking and is wheelchair friendly. This centre offers, Line shops, yoga, gym and
martial arts, lighting shops, bridal & tuxedo shop and interior décor services.

MAP LOCATION:

INCOME METHOD CALCULATION ESTIMATE VALUATION AS AT NOV 2019 –
                  UNIT 9 – R2 000 000.00 MV:

INCOME METHOD CALCULATION ESTIMATE VALUATION AS AT NOV 2019 –
                 UNIT 10 – R1 500 000.00 MV:

INCOME METHOD CALCULATION ESTIMATE VALUATION AS AT NOV 2019 –
                 UNIT 12 – R2 600 000.00 MV:

INCOME METHOD CALCULATION ESTIMATE VALUATION AS AT NOV 2019 –
                 UNIT 13 – R2 300 000.00 MV:

RATES & TAXES STATEMENTS - PER UNIT:
         (Outstanding rates and taxes payable by the SELLER)
UNIT 9

UNIT 10

UNIT 12

UNIT 13

LEVY STATEMENTS – PER UNIT: (Outstanding levies payable by SELLER)
UNIT 9

UNIT 10

UNIT 12

UNIT 13