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LAND ECONOMICS SUMMARY OF IMPORTANT FACTS AND CONCLUSION 1

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LAND ECONOMICS SUMMARY OF IMPORTANT FACTS AND CONCLUSION 1. The property is located on Erf 609 Rietfontein Street, Kleine Kuppe, Windhoek, Registration Division “K” Khomas Region. 2. Measurements of the property. Erf Size: 325 m2 Improvements Areas Main Building 102.358 m2 Boundary 72 Perimeters Single Garage 33.9872 m2 Entertainment 28.93 m2 3. The property is zoned for general residential purposes. 4. 3-bedroom house of standard construction with a single garage, paved drive through and electric fence. 5. Tenure: Freehold Comparable Sale No. Erf No Location Improvements Zoning Size (m^2) Transfer Date Selling Amount N$ 1 887 Klein Kuppe Ext 1 Dwelling & Carport Residential 862 23-01-2019 800,000.00 2 1040 Klein Kuppe Ext 1 Dwelling Residential 728 18-03-2019 2,050,000.00 3 1559 Klein Kuppe Ext 1 Dwelling Residential 993 18-06-2020 1,415,000.00 4 932 Klein Kuppe Ext 1 Dwelling Residential 631 22-09-2020 1,050,000 Assignment Brief Taking the above into consideration advice on the taxable value of Erf 609 Rietfontein Street, Kleine Kuppe, Windhoek as at date of valuation February 1, 2021, and, Elaborate on reason for choice of valuation method adopted!