GOING CONCERN - 9.3 HA FARM, COTTON GIN, MOVABLES ETC IN MARBLE HALL COMMERCIAL PROPERTY AUCTION IN MASOGANENG, MPUMALANGA AUCTIONED BY VANS AUCTIONEERS (GAUTENG)

GOING CONCERN, LUMMUS PLANT & SHARES!! ± 9,3 HA FARM WITH OPERATING GIN & CHEROKEE PLANT! MACHINERY, VEHICLES, IMPLEMENTS & ALL MOVABLES INCLUDED - TOITSKRAAL, MARBLE HALL, LIMPOPO

AUCTION OF: LOSKOP VALLEY COTTON GIN, PARCEL J40, TOITSKRAAL, MARBLE HALL.

PARCEL J40, TOITSKRAAL, MARBLE HALL (PROPOSED) REMAINING EXTENT OF PORTION 1221 OF THE FARM LOSKOP NOORD 12, REGISTRATION DIVISION, JS LIMPOPO PROVINCE

(2 hours from Gauteng, ± 15 km south-west from Marble Hall via the R573,leading towards Bronkhorstspruit and Pretoria, access directly off the provincial road.)

Auctioneer’s note:

Do not miss out on this unique opportunity!! This cotton gin is the only such facility in the region and fulfills a vital roll to the local cotton producers.

Estimated gross annual income: ± R33,923,948; Estimated annual operating expenditure: ± R19,251,698

LOT 1: GOING CONCERN: OPERATING GIN WITH CHEROKEE PLANT & EQUIPMENT TO RUN GOING CONCERN, VEHICLES, PLANT, EQUIPMENT, FURNITURE AND FITTINGS INCLUDED

Measuring: ± 9, 3986 ha

Improvements: (7 516m²)

Administration offices (248 m²)

Reception area with weighbridge control, general office, 2 managerial offices, small fitted kitchen and toilets.

Ginnery (1140m²); module feeder house (437 m²); lint store room (408m²); blower house (238m²); blower canopy (230m²) and maintenance workshop (60m²)

Installed mill plant in the ginnery

Equipped with fully automated Cherokee Magnum 270 plant assembly, facilitating processes such as unloading, conditioning, pre-clearing, distribution, overflow, feeding, ginning, lint cleaning, condensing, conditioning, pressing and bale handling.

Main warehouse (1285m²)

Seed store (408m²); new seed store (707m²) and new bale store (1138m²)

Main workshop (390m²); lean-to’s (365m²)

Staff change and lunch room (150m²) & new implement canopy (312m²)

Concrete driveways, concrete loading and open air storage areas for stock

Wire perimeter fencing enclosing the site

Shade-net carports, mobile LP gas installation & Eskom electricity

Water :

Equipped borehole linked to various storage tanks

Lined soil storage dam for water obtained from a listing with Loskop Irrigation board

Plant and equipment: Roller bed module feeder; wide belt conveyor; unloading separator/ auto feed control system; rock catcher; drying system; No 1 cleaning system; No 2 cleaning system; conveyor distribution / auto overflow system; Magnum feeder; Magnum 270 saw gins; conveyors; seed handling system; Pneumatic jet lint cleaners; Regal 142 single lint cleaners; Stand lint flue and riser; Battery condenser; Cirrus cotton conditioning system;Lint slide; BPH Chieftan press; Bale handling system; fans; pipe, ducts etc; main gin control console & Mote cleaning and baling system and much more.

Vehicles:

Mercedes Benz Actross x 2; Toyota Hilux Pick-ups x 3; mobile water tank; Renoster front-end loader;

Mercedes Benz truck with crane, Mercedes Benz Axor 1840; Mercedes Benz Axor 1835 x 5, 2015

Mercedes Benz Axor 3340; Man M2000 & 2020 Big Boy Roamer 180 ATV

Tractors, trailers and forklifts: Bale clamp; cotton trailers ; various forklifts; 5 ton tipper trailer; side shifting clamp; cotton trailer/transporter; Dolly; module builders ; Dolly for modules; universal trailer; MF tractor 4x4; fire fighter trailer; cotton trailer ex Mak 1; cotton trailer ex Mak 2; Tip car; New Holland tractors ; cotton tippers ; Renoster Cl935 3 ton front-end loaders; Massey Ferguson MF 570; 3-axle trailer; 2-axcle trailer; 2010 Walk-in floor trailer; tobacco clamps for forklift; Olifant bucket for FEL etc.

IT Equipment: Alarm system; fingerprint reader; label printer; Dell computer; tablet computers; weighbridge computer system; software - Lint scale; laptops; Uster Micronaire machine 775; Moisture monitor M400+Probe; Internet Tower Twoline M/H; computer equipment; internet connections; digital textile mosture meter and electrode; server, printers and cotton system; Epson projector; camera system; RCT online UPS;Dauhua PTZ camera and additional cameras.

Furniture: Fridge; pro-sewing bag closer and table; office chairs, Saver high back chairs; reception furniture and desks; telephone system; chairs in boardroom and office; boardroom table and buffet; kitchen cupboards; office cupboards; office desks and table; board room table; fridge, Fame fan; filing cabinets Kiaat L-shaped desk etc.

LOT 2: PLANT EX LUMMUS (DISMANTLED)

LOT 3: 60% SHARES IN ACO INDUSTRIAL HUB (PTY) LTD AS THE OWNER OF REMAINING EXTENT OF PORTION 1230 (PORTION OF PORTION 528) OF THE FARM LOSKOP NOORD 12, REGISTRATION DIVISION JS, LIMPOPO PROVINCE

Improvements: Building where Plant Ex Lummus is kept, and potential was that the warehouse be used for storage space for cotton lint and related products and to store seed cotton until it could be processed.