Date: Auctioneers ZambiaDate: Thursday 26 April 2018Venue: InterContinental Hotel, Rosso Room,Haile Selassie Ave. Lusaka Time: 10:30hrsApril Property CATALOGUE Auctioneers Zambia Plot

Date: Thursday 26 April 2018Venue: InterContinental Hotel, Rosso Room,

Haile Selassie Ave. LusakaTime: 10:30hrs

AprilProperty

CATALOGUE

Auctioneers ZambiaPlot No.7213/4 Kachidza Rd/ Cnr Mulalika Rd.

Light Industrial Lusaka, Zambia

www.hammerandtongues.co.zm

CONTENTS

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Lot 1. Northmead Lusaka 8

Lot 2. Northmead Lusaka 10

Lot 3. Olympia Lusaka 12

Lot 4. Siavonga 14

Lot 5. Makeni Lusaka 16

Lot 6. Makeni Lusaka 18

Lot 7. Kabulonga Lusaka 19

Lot 8. Chalala Lusaka 20

Lot 9. Chudleigh Lusaka 21

Lot 10. Chamba Valley 22

Lot 11. Lower Zambezi 23

www.hammerandtongues.co.zm 3

THE AUCTIONEERSHammer & Tongues Auctioneers is one of the region’s most sought after Auctioneers, with operations in Zambia and Zimbabwe. The company’s phenomenal growth and success has been deeply rooted in unrivaled world class auctioneering on each and every sale.

Your AuctioneerBrian Makwabarara, an iconic figure in the auction industry, is one of Africa’s finest and most seasoned Auctioneers. Brian broke records to become the first and only black Auctioneer of thoroughbred racehorses in the world and has extensive expe-rience auctioning across different industries from thorough-bred horses to proper-ties. Brian was invited as the official Auctioneer for the Nelson Mandela Foundation in South Africa, a position he held for many years, officiating, through invitation, at private and state functions in South Africa.

Brian is supported by a passionate & dedicated hand-picked team of professionals who always manage to bring the best out of every auction held under the Hammer & Tongues Auctioneers banner.

Hammer & Tongues Products/Services

Vehicle Auction & SalesMachinery & Equipment AuctionHousehold furniture Auction Office furniture Auction General AuctionValuation Liquidations Real Estate

CONDITIONS OF SALE FOR THE PUBLIC AUCTION SALECONDUCTED BY HAMMER & TONGUES (Z) LTD REAL ESTATE

1. AUCTION PROCEDURES1.1. The conduct of the auction is subject to the following conditions and the control of the Auctioneer, who has the sole right to regulate the bidding procedure. 1.2. Every bid shall constitute an offer to purchase the Property for the amount bid, which the Seller or the Auc-tioneer may accept or reject in their absolute discretion and which offer, after acceptance, shall remain SUBJECT TO and only become binding upon the Seller after execution by the buyer and the Seller of a Contract of Sale (the Contract) to be drafted by the Seller’s Advocates on such terms and conditions as the Seller shall, in its absolute discretion, dictate but in any event in conformity with (or as near as possible) the Law Association of Zambia General Condition of Sale (the LAZ Conditions).1.3. The Seller and the Auctioneer are entitled, in their absolute discretion to withdraw the Property from the sale, prior to acceptance by the Seller.1.4. In the event of any dispute between the bidders, the decision of the Auctioneer shall be final and binding.1.5. Any error by the Auctioneer shall be entitled to be corrected by him.1.6. The property is sold with reserve. If no bid equals or exceeds the reserve price, it may be withdrawn from the auction. The Seller shall be entitled to instruct the Auctioneer to accept any lower bid.1.7. Only the Auctioneer or his agent shall be entitled to bid up to the reserve price on behalf of the Seller, but shall not be entitled to make a bid equal to or exceeding the reserve price. 1.8. No bid may be withdrawn prior to the expiry of the confirmation period set out under 2.2 below, during which time the offer shall be open for acceptance by the Seller, subject to the terms and conditions to be set out in the Contract.1.9. The bidder (“the Purchaser”) shall sign the “Irrevocable Offer To Purchase Immovable Property” form, imme-diately on the fall of the hammer.1.10. Only a competent person or an authorised legal entity under Zambia law will be able to participate on this auction event and purchase the Property.

2. ACCEPTANCE AND CONFIRMATION2.1. The conduct of the auction is subject to the control of the Auctioneer who has the sole right to regulate the bidding procedure.2.2. The bidder’s offer shall be open for acceptance by the Seller until the close of business five (5) working days after the sale. In the event that the Seller accepts the Bidder’s offer in writing within the said five (5) day period, the said acceptance shall remain subject to the due execution by the Seller and the Buyer of the Contract.2.3. Within seven (7) days of the Seller accepting the Buyer’s bid in the manner aforesaid, the Seller shall instruct its Advocates to prepare the draft Contract of Sale for approval by the Buyer’s Advocates.2.4. Should the Seller reject the Purchaser’s offer, the Auctioneer will repay the Purchaser any deposit and com-mission paid by it.2.5. In the event of the sale requiring the consent of any statutory authority or any Court of Law, then the sale shall be subject to such consent.

3. PURCHASE PRICE3.1. The Purchaser is required to lodge a security deposit of KW100 000 (One Hundred Thousand Kwacha), in cash prior to registration, which amount will not be refundable should the Purchaser default in any way. 3.2. Value Added Tax (“VAT”) at 16% will be charged on the purchase price in accordance with the provisions of the Value Added Tax Act as applicable. 3.3. Upon acceptance of a bid, the Purchase Price, including VAT thereon, shall be paid in accordance with the terms and conditions as shall be set out in the Contract, provided that the Buyer undertakes to pay an initial de-posit of 10% (ten percent) of the purchase price to the Seller’s Advocates by 4:30 pm on the date of the auction. Should the Purchaser comply with all the terms and conditions of the sale, the aforementioned security deposit of KW100 000 shall be apportioned towards the 10% deposit of the purchase price with any balance remaining being apportioned towards the remainder of the purchase price.

4. PURCHASER’S LEVY4.1. The Purchaser shall be liable for and pay, in addition to the amounts payable in terms of Clause 3 above, a Purchaser’s Levy of 5% of the purchase price (plus vat on the purchaser’s levy only), which levy shall be deemed to have been earned by the Auctioneer and is payable immediately upon the signing of the declaration of acceptance of these Conditions of Sale.

4.2. For avoidance of doubt, in the event of any subsequent cancellation of the sale or withdrawal from the sale by the Purchaser for whatever reason, the Purchaser shall remain liable for and pay the aforementioned purchas-er’s levy which is due to the Auctioneer. 4.3. In the event of the sale being subsequently cancelled by the Seller or as a consequence of default by the Seller, then the Purchaser acknowledges that it shall not be entitled to claim a refund of the Purchaser’s Levy from the Auctioneer.

5. RATES AND TAXES 5.1. The Seller shall be liable for all rates and taxes and other Municipal charges levied on the property for the period prior to the date of possession and the purchaser shall be liable for all rates and taxes and other Municipal charges levied thereafter.5.2. The Purchaser shall refund to the Seller a pro rata share of all rates and taxes paid in advance by the Seller for the period after the date of possession, which refund shall be paid upon registration of transfer.

6. TRANSFER AND COSTS OF TRANSFER6.1. Title to the Property shall pass to the Buyer at such time as shall be stipulated in the Contract.6.2. The Buyer and the Sellers shall bear their respective costs and expenses as shall be provided for in the Con-tract and in any event in accordance with the LAZ Conditions.6.3. The Purchaser undertakes to sign all execute the Contract and all such documents as shall be necessary to give effect to the sale contemplated herein immediately upon request of the Seller’s Advocates.

7. POSSESSION AND RISK7.1. From the date that vacant possession of the Property shall have been granted to the Purchaser in accor-dance with the terms of the Contract, all risks and benefits of ownership in respect of the Property shall pass to the Purchaser.

8. AS SEEN EXTENT AND REPRESENTATION 8.1. The property is sold as seen and subject to the terms and conditions and servitude mentioned or referred to in the Certificate of Title issued in respect of the Property and to the zoning applied to it under the Town and Country Planning scheme and subject further to such other terms and conditions as shall be agreed upon between the Parties in the Contract.8.2. Neither the Seller nor the Auctioneer shall be responsible for pointing out to the Purchaser any Surveyor’s pegs or beacons in respect of the property.8.3. The Purchaser hereby acknowledges that they have not been induced into entering into this agreement by any express or implied information, statement, advertisement or representation made by the Auctioneer or any other person or by or on behalf of the seller. The purchaser hereby waives any rights whatsoever which he may otherwise have obtained against the seller as a result of such information, statement, advertisement or represen-tation made by or on behalf of the Seller.

9. PURCHASER’S ACKNOWLEDGEMENT9.1. The Purchaser acknowledges that he has fully acquainted himself with the property that he has bid for.

10. BREACH10.1. In the event of the breach of the conditions contained in this agreement by the Purchaser, the Seller shall be entitled to cancel this agreement and shall be entitled further to the immediate payment of all costs and expenses incurred by it including any costs associated with the re-auctioning of the Property and any additional advertising costs. The Seller shall be entitled to retain any monies received by it as genuine pre-estimate of its liquidated damages.

11. VARIATION11.1. No variation to these conditions will be regarded as a variation unless recorded in writing and signed and authenticated by the Auctioneer.

DECLARATION BY PURCHASER

I, the undersigned hereby accept the conditions of sale above as prescribed by Hammer & Tongues (Z) Limited and acknowledge that these conditions as set out herein will be binding upon me until execution of a Contract of Sale with the Seller. I further certify that I am of sound mind and willingly bind myself to abide by these conditions.

Name:…………………………………………………..………….

Surname: …………………………………………………….........

ID No:………………………………………………………............

Residential Address:…………………………………………………………………………………………

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Business Address:………………………………………………………………………………………….....

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Cellphone:…………………………………………………………………………………….......................

Telephone:…………………………………………………………………………………….......................

Business:……………………………………………………………………………………...........................

Email:………………………………………………………………….......................................................................................

Signed:…………………………………..........

Date:…………………………….……….........

Stand: Subdivision 89 of Farm 90ANorthmead

A beautiful double storey shopping complex strategically located just off the Great East Road comprising 20 retail shops, ample parking space accomodating more than 50 vehicles. Additional income for the investor is also generated from the Car Wash businesses operating on the outer perimeter car park.

Land size: approximately 0.2908 hectares.


LOT LusakaNorthmead

1


PRIVATELY OWNED


LOT LusakaNorthmead

2

Subdivision 81 of Farm 90ANorthmead

4 blocks of upmarket flats located a few minutes from the CBD in a tranquil neighbourhood : 1st block comprises 3 flats, 2nd block comprises 4 flats, 3rd block comprises 3 and 4th block comprising 2 flats with a beautiful verandah & garden setting. There is a communal swimming pool, 4 rooms used as offices, a large storeroom and ample parking space for residents & visitors. Land size: approximately 0.4098 hectares.


PRIVATELY OWNED

Subdivision A of Stand 3686 Mpulungu Road Olympia

A beautiful contemporary fully furnished complex of 5 flats (4 are 2 bedroomed and 1 is one bedroomed), with a laundry room and store room fully enclosed in a concrete block wall fence topped with electric fencing.

Access is through a double steel gate. Land size: approx. 792 sqm. The property is being sold together with the furniture (beds, beddings, bedside tables, stoves, fridge, microwave, washing machines & lots more)


LOT Lusaka3


PRIVATELY OWNED

Nestled in the hills along the Lake Kariba shores is this fully furnished rest haven in the resort town of Siavonga, Zambia’s Southern Province. Siavonga town, aka the Riviera of Zambia, is spread along the northern bank of Lake Kariba and is host to business conferences & holidaymakers, both local and international, all year round with accommodation, boating & fishing tours available.

The property offers a double storey main house, a single store guesthouse or lodge, swimming pool overlooking the lake and staff quarters. This is a once in a lifetime opportunity to invest in a holiday home with potential to rake in a respectable income from holidaymakers who prefer private discreet accommodation.

Land size: Stand 150 - 4 063 sqm & Stand 1107 - 1 487 sqm.


LOT Siavonga4

Main House Features - Downstairs comprises two ensuite bedrooms, lounge cum dining room, fitted kitchen, bathroom & verandah on the lake-side. All rooms are fitted with air conditioners. Upstairs comprises spacious sitting room and balcony offering magnificent views of the lake Kariba & its surrounding savanna bush land.

Guest House/Lodge Features – single storey building comprising two ensuite bedrooms, fitted kitchen, lounge-cum-dining room, main bathroom, laundry room, & verandah. The property also comprises 2 roomed staff quarters, a hexagonal swimming pool with sundeck area, Jacuzzi and a sitting area.

The property sits on 2 stands, with huge opportunity for development, regis-tered under Certificate of Title Number 228009 being stand 150 & Certificate of Title Number 227949 being stand 1107 Siavonga Township


Duly Instructed by Sherrol Lyn Floretta Fayer - Hickey D’Ella in her capacity as the Executrix for the Estate of the Late Errol Hickey Duly appointed in the High Court of Zambia (Probate Registry)

Property is Subdivision A of Subdivision 3 of Subdivision 3 of Subdivision A of Farm 369A Makeni commercial area, just 10km away from Lusaka CBD. The property offers a lodge and villas within the same complex, ample parking space, 3 prolific boreholes and an array of complimentary features. A smart investment opportunity with phenomenal booking & occupancy income for the astute investor.

Land size: Approx. 2.0319 hectares.Lodge Features – 20 ensuite bedrooms, all rooms have air conditioning, 4 conference rooms, bar, swimming pool, splash pool, gym, 85 vehicles parking space, events area, restaurant & recreation area.

Villas Features – 4 x 3 bedroomed & 3 x 2 bedroomed villas comprising lounge,

kitchen, patio with a private garden area & air conditioning. There is also a large workshop area.


LOT Lusaka5


Duly Instructed By The Directors & Shareholders Of Makeni Sunset Village Company Ltd


Near Cosmopolitan, Makeni East. Subdivision 133 of farm No. 307A, Off Chipwenupwenu Road.

4 bedroomed house,2 bedrooms self-contained, which include shower and bathtub with dining room, spacious kitchen,sitting room,Tv room,laundry,enclosed garage on a 1 076 sqm plot

LOT LusakaMakeni

6 PRIVATELY OWNED


Unit No. CL/B/2 of Subdivision F/377a/8/B/1 Kabulonga Road

Double storey maisonette apartment flat comprising 3 bedrooms, living /dining room, bathroom/toilet, kitchen & passage way.

LOT LusakaKabulonga

7 PRIVATELY OWNED


Stand No. 25543 off Mosi Off Tunya Road Woodlands Chalala

3 bedroomed house, master bedroom self-contained with self-contained guest wing attached to main house, 2 bedroom cottage, dog house and guard house on a 2 800 sqm plot.

LOT LusakaWoodlands Chalala

8 PRIVATELY OWNED

Stand No. 9649 off Main Street Chudleigh, Lusaka

3 bedroomed house with a 2 bedroom cottage sitting on a 3505 sqm plot with enough space for further development


LOT LusakaChudleigh

9 ON BEHALF OF A FINANCIAL INSTITUTION


Sub No. 4 0F Sub F of Farm N0. 32AChamba Valley, Lusaka

Two houses on the same plot, 1 x 2 bedroom and 1 x 3 bedrooms on 810 square metres plot.

LOT Lusaka Chamba Valley

10 PRIVATELY OWNED


Lower Zambezi

90 hectares in the heart of lower Zambezi. The property has over a kilometre of water front. This is adjacent to lower Zambezi national park. Its a few metres from Chongwe waterfalls. Land ideal for a lodge, camp site and holiday homes.Great investment opportunity.

LOT Lower Zambezi11 PRIVATELY OWNED

CONTACT OUR SALES TEAM: Namunza - +260 955987733, Enock - +260 955987726,

Leonard - +260 955 987728, Simbelele - +260 955987729

Auctioneers Zambia

Date: Auctioneers ZambiaDate: Thursday 26 April 2018Venue: InterContinental Hotel, Rosso Room,Haile Selassie Ave. Lusaka Time: 10:30hrsApril Property CATALOGUE Auctioneers Zambia Plot

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