BRIDGE CITY HOUSING PTY LTD IN LIQUIDATION

Inviting all investors and property developers THE APARTMENT BUILDING & OTHER IMPROVEMENTS: The subject Portion 196 of Erf 7305 has been development as a free-hold, multi-tenanted, residential apartment complex better known as “Wisani Heights” improved with three (3), four-storey residential apartment buildings of face brick and plastered and painted brick walling fitted with aluminum framed glazing under pitched and tiled roofing structures comprising around total of One Hundred and Twenty-Eight (128) two-bedroom units and Four (4) one-bedroom units with 102 covered parking bays and 21 open parking bays. The three buildings are better described as Block A having 44 apartment units, Block B having 32 units and Block c with 56 units. Access into the complex is from Visani Drive via the automated entrance and egress driveway gate with a Guard House Internal roads, parking areas and walkways around the buildings are brick paved. The complex is bound by face brick walling approximately 2.1 Metres in height topped with electric fencing. ESTIMATED EXTENT OF IMPROVEMENTS Apartment Buildings: 8 030 m² Carports: 1 560 m² Solar Storeroom: 44 m² Refuse Storage Area: 32 m² Total: 9 686 m² ESTIMATED GROSS LETTABLE AREA: 32 Two-bedroom Apartments @ 61 m² per unit = 1 952 m² 96 Two-bedroom Apartments @ 50 m² per unit = 4 800 m² 4 One-bedroom Apartments @ 42 m² per unit = 168 m² Total (132 Units): = 6920 m² PARKING: Located on the side of building are steel-framed carport structures that remain in place, however, the solar panels that previously formed the roof covering as part of the solar power installation have been removed. The structures were originally intended to provide covered parking for approximately 102 vehicles but are currently without roof covering. In addition to the covered parking bays, there are an additional 21 open parking bays. THE ONE HUNDRED AND THIRTY-TWO (132) RESIDENTIAL APARTMENT UNITS: UNIT LAYOUT AND EXTENT: With access from the parking area on the side of the building for the ground floor units, and staircases for the upper level units, via the passage walkways at the front of the units, the One Hundred and Twenty Eight (128) two-bedroom units are all similar in layout and design, comprising an open plan lounge and kitchen, with a passage walkway leading to two (2) bedrooms, one (1) bathroom with a glazed aluminium sliding door giving access to a small patio for the ground units of balcony for the upper-level units. The Four (4) one-bedroom apartments are similar in layout and design, comprising an open plan lounge and kitchen, with a passage walkway leading to one (1) bedroom and a bathroom with a glazed aluminium sliding door giving access to a small balcony. Flooring: Ceramic floor tiles, wall-to-wall carpeting Walling: Plastered and painted brick, ceramic wall tiles Ceiling: painted reinforced concrete forming the flooring of the upper-level units with the upper-level units being painted ceiling board EXTENT OF THE UNITS: 32 Two-bedroom Apartments = 61 m² per unit 96 Two-bedroom Apartments = 50 m² per unit 4 One-bedroom Apartments = 42 m² per unit