Physical Address:

Township:

Legal identification:

Land Size:

Registered Servitudes/Restrictions:

Mineral rights reserve, no

building without local authority

consent and other local

authority by-laws

Current use of property:

The subject property is well located and close to all major roads and taxi ranks.

The building is situated over Portion of Erf 4507 on a total land size of 174 170m² .

The area has a reasonably secure profile. The general site is flat with no major slopes, drainage or other geographical factors that may negatively impact the value of the property. There are various type buildings of similar nature in and around this area.

1. REGISTERED OWNER:
NEWTOWN HOUSING CO-OPERATIVE LTD

2. TITLE DEED NUMBER:
T19799/2002

3. DESCRIPTION:
Erected upon the aforesaid Erf are six (6) Sections of three (3) storey Blocks of Flats, with each Section having twelve (12) separate Blocks.

Each Block has six (6) flat units, three being two bedroom and three being one bedroom units all with certain other improvements.

ALL these Units are accessible from the Block’s allocated open parking area via the Ground Floor entrance doors as well as from the staircase which gives access to the First and Second floors.

4. EXTERIOR CONSTRUCTION:
Concrete structured buildings with plastered and painted brick infill fitted with steel framed glazing under pitched and tiled roofing.

5. LAYOUT:

5.1 THE ERVEN:
Rectangular in shape and located on the Southern side of the Street.

5.2 THE COMPLEX:
With access from Malan Street via the security controlled access gate.
All the driveways as well as the areas between the various Sections and the open parking areas are tarmacadised.
The remaining areas are lawned with established trees and shrubs.

5.3 THE IMPROVEMENTS:
59 x Three Storey Blocks of Flats measuring in total – 16 624 m² – with EACH block being improved with 6 one and two bedroom apartments
There are three (3) units per Block which are located on the Ground Floor, First Floor and the Upper Level.

The Unit on the Ground Floor is accessible from the entrance door below the staircase and the two Upper Levels are accessible from the pedestrian staircase and under roof front entrances.

All the two (2) bedroom Units have exactly the same layout and are comprised of an entrance foyer, lounge, open plan kitchen, two (2) bedrooms and a bathroom.

The Ground Floor Units have steel French doors from the lounge area which lead into the garden areas.

One (1) bedroom Units:
The one (1) bedroom Units are situated opposite the two (2) bedroom Units and are accessible in the same way as the two (2) bedroom Units.

These Units are comprised of an entrance foyer, lounge, open plan kitchen, one (1) bedroom and a bathroom.
The Ground Floor Units have steel French doors from the lounge area which lead into the open garden areas.

6. INTERNAL FINISH:

6.1 FLOORING:
Ceramic floor tile cover throughout ALL the Units.

6.2 WALLING:
Plastered and painted brick walling throughout with that in the kitchens and bathrooms having been surfaced with ceramic wall tile cover up to window height.

6.3 CEILINGS:
Painted reinforced concrete slab forming the flooring of the First and Second Floors and with that on the Upper Level being of standard and painted Herculite ceiling board.

ELECTRICAL WIRING AND SUPPLY:

The electrical wiring appears to comply with Municipal regulations and the supply is via the Johannesburg City Council.

7. ELECTRICAL WIRING AND SUPPLY:
The electrical wiring appears to comply with Municipal regulations and the supply is via the Johannesburg City Council.

8. INTERNAL FITTINGS & FIXTURES: (ALL UNITS)

8.1 KITCHENS:
Steel wall and floor units fitted with a single bowl stainless steel sink unit and a free standing three (3) plate electric stove.

8.2 BATHROOMS:
Bathtubs, pedestal mounted wash hand basins and toilets.

8.3 BEDROOMS:
Built-in cupboards throughout

9. EXTERNAL FITTINGS & FIXTURES:

9.1 Standard burglar bars are fitted to all window openings

10. OUTBUILDINGS:

10.1 There are NO lock-up garages or carports.

10.2 There is NO formal domestic’s accommodation on the premises

11. BOUNDARY:
The entire Complex is bounded by way of palisade security fencing approximately 2.2 metres in height which is topped with electric fencing.

Newton is one of five tourism developments aimed at inner-city regeneration. In partnership with Gauteng Agency Blue IQ, the City - through the Johannesburg Development Agency - is transforming Newtown into a safe and attractive place to work, live and visit.

Newtown is being developed into a vibrant, mixed-use area with a unique character based on existing cultural facilities .The project entails several improvements of the area, all aimed at making Newtown safe, accessible, and attractive. These include five housing developments catering for different income levels. Over 2 000 housing units will be built over the next three years.

This destination has been made accessible through the construction of the Nelson Mandela Bridge and associated M1/Carr Street interchange. The Nelson Mandela Bridge opened on 20 July 2003 and has become the new gateway from the north into Newtown

West into Carr

At the bottom of the Nelson Mandela Bridge we turn west into Carr Street. Johannesburg Housing Company's good-looking Brickfields and Phumulani Gardens residential developments on the left provide a total of 523 units.

The old Park Station building on the right, on its heavy reinforced concrete platform, now looks down on an area where would-be truck drivers practise their parking and reversing skills. This area is reflected in the Spatial Development Framework as divided into three sections; the western and eastern "thirds" will have residential developments at some stage and the remaining central "third" will be a park

Regarding the old Park Station building itself, the Inner City Charter states, under a heading of Iconic public buildings, that: "Through the leadership of various stakeholders, feasibility and business plans for the development of a number of other key iconic public place projects will be finalised by March 2008.

At the corner of Carr and Miriam Makeba streets, some workmen up ladders are wiring closed circuit television cameras as part of the citywide roll-out of the CCTV blanket over the inner city. That's certainly good news.

Continuing west along Carr, on the left are a number of old warehouses, now mostly empty and ringed with barbed wire. They are soon to be redeveloped as a large mixed-use complex by Atterbury Property which, apart from numerous developments nationally, has a number of successful inner city developments under its belt, including the Mapungubwe Hotel and Apartments and College House in Braamfontein. The former was done with Circlevest Properties and the two companies also developed the 112-residential-unit Isibaya House with ground floor retail on the corner of Marshall and Simmonds streets.

LOCATION

Located in the western sector of the Johannesburg city centre, covering an area that stretches from the marshalling yards and railway lines to the north, the M2 motor-way in the south, West Street in the east and Quinn Street in the west.

Capitalising on Newtown's history as the hub of exchange and the original centre of Johannesburg, the redevelopment of Newtown has been identified as a key focus area with the potential to attract major investment, particularly in creative industries, culture and tourism. Newtown is being developed into a vibrant, mixed-use area with a unique character based on existing cultural facilities.

This destination is now easier to reach with the construction of the Nelson Mandela Bridge and associated N1 / Carr Street interchange. The Nelson Mandela Bridge is the new gateway from the north and is able to carry up to 3000 cars per hour. Co-funded by Blue IQ, the City of Johannesburg, National Roads Agency and the National Department of Transport, this pedestrian and vehicle link provides improved access for local national and international tourists.