Lions River Cottages, Portion 9 of the Farm Tabaskop No

4 STAR ± 21 Ha SELF-CATERING ENTERPRISE LIONS RIVER COTTAGES, PORTION 9 OF THE FARM TABASKOP NO. 14910, HOWICK

WEB#: AUCT-000742 | www.in2assets.com ADDRESS: Lions River Country Cottages, Portion 9 of the Farm Tabaskop No. 14910, Howick AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 19 September 2018 | 11h00 VIEWING: By Appointment CONTACT: Rob Pickering | 082 573 0418 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller

LIONS RIVER COUNTRY COTTAGES, PORTION 9 CONTENTS OF THE FARM TABASKOP NO. 14910, HOWICK 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 12

TERMS AND CONDITIONS 15

SG DIAGRAMS 16

ZONING CERTIFICATE 18

TITLE DEED 19

GRADING CERTIFICATE 23

MOVABLES LIST 24

DISCLAIMER: Whilst all reasonable care has been taken to provide accurate information, neither In2assets Properties (Pty) Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to the negligence or otherwise of In2assets Properties (Pty) Ltd or the Sellers or any other person. The Consumer Protection Regulations as well as the Rules of Auction can be viewed at www.In2assets.com or at Unit 504, 5th Floor, Strauss Daly Place, 41 Richefond Circle, Ridgeside Office Park, Umhlanga Ridge. Bidders must register to bid and provide original proof of identity and residence on registration.

Version 2: 17.09.2018 1

LIONS RIVER COUNTRY COTTAGES, PORTION 9 CPA LETTER OF THE FARM TABASKOP NO. 14910, HOWICK

1318 Old North Coast Road, Avoca

In2Assets would like to offer you, our valued client, the opportunity to pre-register as a bidder prior to the auction day.

South African consumers are now amongst the best protected consumers in the world and the purpose of the Act is to promote fair business practices and to protect consumers against deceptive, misleading, unfair or fraudulent conduct.

It is compulsory that all Bidders are required to present the following documentation in order to register at our auctions (without which registration cannot take place):

1. SA Identity Document;

2. Utility bill addressed to your physical address (not older than 3 months);

3. In the event of you bidding on behalf of a company, trust or close corporation in your capacity as director, trustee or member respectively, you are required to submit a letter on the Entity’s official letterhead authorizing you to bid, sign all necessary documents and effect transfer on behalf of the Entity which must be accompanied by a certified copy of the resolution by the directors, trustees or members of the entity authorizing you to do so.

4. A special Power of Attorney is required should you be bidding on behalf of another person which must expressly authorize you to bid on behalf of that person and must include a certified copy of that person’s SA Identity Document and proof of that person’s residential address not being older than 3 months.

5. Copy of Entity’s FICA Documents

6. Vat Registration Certificate

7. Income Tax Reference Number and proof of marital status

We would like to offer you an opportunity to register prior to the auction in order to avoid the time-consuming registration process as we endeavor to make this process as hassle free and efficient as possible.

Version 2: 17.09.2018 2

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PROPERTY OF THE FARM TABASKOP NO. 14910, HOWICK 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: Lions River Country Cottages, D768 Road, Howick

Township & Province: Portion 9 of the Farm Tabaskop No. 14910, KwaZulu-Natal

Title deed information

Title Deed Number: T42749/2005

Title Deed Description: Portion 9 of the Farm Tabaskop No. 14910

Registered Owner: Lions River Country Cottages (Pty) Ltd

Extent: 21, 9453 Hectares

Municipal information

The local authority in which the property is situated is the Umngeni Municipality. According to the permitted zoning scheme the property is zoned as follows:

Town Planning Information

Zoning: Agricultural

Version 2: 17.09.2018 3

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PROPERTY OF THE FARM TABASKOP NO. 14910, HOWICK 1318LOCATION Old North Coast Road, Avoca

Lions River Country Cottages is located between Lions River and Curry’s Post in the heart of KwaZulu-Natal Midlands, approximately 2 hour’s drive from Durban and approximately 4 hour’s drive from Johannesburg. The area is a traditional farming community that has evolved over the past few years. The area manages to promise an immediate sense of getting away from it all – winding down and beautiful surrounds, yet it is also right on the Midlands Meander. The Lions River and Curry’s Post area of today is considered one of the hidden treasures of the Natal Midlands, for its sheer beauty. It is now a combination of farms - mostly cattle, dairy and vegetable - and natural forests, which appear to extend for miles.

There are several small towns located in the Midlands, including: Merrivale, Hilton, Dargle, Lidgeton, Balgowan, Rosetta and Mooi River. The Midlands Meander is made up of several tourism routes that include accommodation, art and crafts, leisure activities and restaurant stops. Some of South Africa’s top private schools are located in the Midlands, including: Cowan House, Clifton Preparatory School, Treverton Preparatory School and College, Michaelhouse and Hilton College. The neighbourhood comprises mostly of upmarket small holdings.

Lions River Country Cottages are easily accessible from both the N3 Freeway and the R103 Main Road. The property is accessed from the D768 Road, which is off the Curry’s Post Main Road. The N3 Freeway is positioned approximately 2km from the property.

Most desired amenities are situated within Howick.

SUBJECT PROPERTY: Lions River Country Cottages, Howick

Version 2: 17.09.2018 4

PICTURE LIONS RIVER COUNTRY COTTAGES, PORTION 9 OF THE FARM TABASKOP NO. 14910, HOWICK 1318GALLERY Old North Coast Road, Avoca

Version 2: 17.09.2018 5

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PICTURE OF THE FARM TABASKOP NO. 14910, HOWICK 1318GALLERY Old North Coast Road, Avoca (Continued)

The Main Homestead

Version 2: 17.09.2018 6

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PICTURE OF THE FARM TABASKOP NO. 14910, HOWICK 1318GALLERY Old North Coast Road, Avoca (Continued)

Version 2: 17.09.2018 7

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PICTURE OF THE FARM TABASKOP NO. 14910, HOWICK 1318GALLERY Old North Coast Road, Avoca (Continued)

Rose Cottage

Version 2: 17.09.2018 8

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PICTURE OF THE FARM TABASKOP NO. 14910, HOWICK 1318GALLERY Old North Coast Road, Avoca (Continued)

Protea Cottage

Version 2: 17.09.2018 9

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PICTURE OF THE FARM TABASKOP NO. 14910, HOWICK 1318GALLERY Old North Coast Road, Avoca (Continued)

Lavender Cottage

Version 2: 17.09.2018 10

LIONS RIVER COUNTRY COTTAGES, PORTION 9 PICTURE OF THE FARM TABASKOP NO. 14910, HOWICK 1318GALLERY Old North Coast Road, Avoca (Continued)

Farm Buildings

Version 2: 17.09.2018 11

LIONS RIVER COUNTRY COTTAGES, PORTION 9 ADDITIONAL OF THE FARM TABASKOP NO. 14910, HOWICK 1318INFORMATION Old North Coast Road, Avoca

Primary use

The property is 21.9453 hectares, situated on the D768 Road in Lions River. It is gently sloping with Lions River frontage. Considerable effort has been made to clear the property of brambles and other aliens to reveal the magnificent view of the river. The soil is Red Hutton and very arable. There are two dams, one stocked with bass. There are water rights from the Lions River for domestic and animal use, however this has not been utilised as the water in the main dam is sufficient.

Mature trees and shrubs contribute to the beauty of this property. There is abundant bird-life as well as grey duiker, bush-buck, reed buck, serval and other wildlife which are frequently seen.

Property Improvements:

All buildings have been recently renovated and repaired and maintenance has been kept up to date. The property is fenced.

The Main Homestead:

The main dwelling is a comfortable three bedroomed, all ensuite home. The main bedroom has a dressing room and the guest bedroom has a private lounge. All the bedrooms are fully carpeted and have built in cupboards. The large kitchen has new cabinetry and granite tops. There is a separate scullery/laundry area and a lockable pantry. A utility courtyard leads off from the scullery. The kitchen has a new stove with a gas hob and electric oven.

All large appliances in the kitchen form part of the sale: 2x Samsung fridge/freezers; dishwashing machine, washing machine, tumble drier, microwave.

A dining room with a sunny courtyard leads off the kitchen. The lounge is large and comfortable and is equipped with a modern and efficient glass-fronted, wood-burning fireplace. The large verandah is also equipped with a glass-fronted wood-burning fireplace. The verandah has concertina doors so that this area can be used throughout the year.

There are two large offices/studies. One is fitted wooden shelving and cupboards and also a substantial built in safe. The second has a wooden staircase leading to an attic storage area.

There is parking for four cars in a substantial garage with automated doors. There is a utility room attached to the garage.

The house is alarmed and is fenced to maintain the privacy of the main house.

Version 2: 17.09.2018 12

LIONS RIVER COUNTRY COTTAGES, PORTION 9 ADDITIONAL OF THE FARM TABASKOP NO. 14910, HOWICK 1318INFORMATION Old North Coast Road, Avoca

(Continued)

The Cottages:

The property has three free-standing, income generating cottages. They are four-star self-catering cottages that receive good reviews on Trip Advisor and Booking.com. They are fully-equipped, have covered patios and undercover parking. Each cottage has a jet-master fireplace in the open plan living areas and a weber braai on the patio. They each have Wi-Fi which is controlled by a voucher system. Each cottage has an alarm system. The cottages are well-equipped and comfortably furnished. Each cottage has a flat-screen television set and has SABC channels as well as DSTV hospitality package. All furnishings, linen and towels (both linen and towels have recently been updated) form part of the sale of the property.

An inventory is supplied as a separate document enclosed below.

Rose Cottage

This cottage has three bedrooms all ensuite with full bathrooms (bath and shower). This cottage can accommodate an extra two people by placing two extra beds in the spacious living area.

Protea Cottage

This cottage has two bedrooms, both ensuite with full bathrooms. The main bathroom has a spa bath. This cottage can accommodate an extra two people as it has a double bunk bed in the living area. The view to Lions River is especially lovely from this cottage.

Lavender Cottage

This is a one bedroomed cottage with a full ensuite bathroom. An extra person can be accommodated on a single bed in the living area.

Laundry and storeroom

The laundry is fully-equipped with a large washing machine and tumble drier. There is also a steam-press iron as well as extra irons and ironing boards. This area also has a staff toilet and shower. The storeroom adjoins the laundry. It has fitted shelving and is sufficiently large enough to store extra beds, cots, linen, towels as well as toiletries, coffee, teas etc. that are provided to the guests. The storeroom can be locked separately from the laundry.

All laundry equipment, and linen, towels etc. as detailed on the separate inventory are provided in a separate document enclosed below.

Staff Accommodation

There is a new five bedroomed staff accommodation block. This building is fully tiled and has a separate toilet and shower, as well as an open plan common room and kitchen. The bedrooms are all furnished each with a single bed, bedside table and wardrobe, and a wall heater. The living room has chairs, a television set, fridge and stove.

Version 2: 17.09.2018 13

LIONS RIVER COUNTRY COTTAGES, PORTION 9 ADDITIONAL OF THE FARM TABASKOP NO. 14910, HOWICK 1318INFORMATION Old North Coast Road, Avoca

(Continued)

Shed

The shed is a 240 square meter structure with IBR sheeting. The floor is reinforced concrete. The shed has lights and electric points and a lock-up workshop area.

Reception Area

There is a newly built reception area away from the main dwelling which affords privacy. This area has built in counter. It also has a glass-fronted refrigerator and a chest deep freezer. These are used to stock basic supplies for the convenience of the guests. There are various places locally that make pre-cooked frozen meals which are popular with weary travelers. The reception area is large enough to be used as an office from which to run all the admin for the cottages. A bell/buzzer is also installed which rings through to the staff member on duty.

Dams

There are two dams on the property, one of which is stocked with bass. The water supply for the whole property is from the one dam – water is pumped to a sophisticated filtration and purification system.

Land Claims

The property is not subject to any land claims.

Servitudes

The property is subject to a private right of way servitude as well as a perpetual servitude of aquaduct servitude as per the Title Deed.

Copies of the building plans are available on request.

Lease Details

The property is owner occupied and will be sold with vacant occupation.

Expenses

The assessment rates for the year 2018/2019 amounts to R10 500.00, which equates to a month figure of R875.00

Vat Status

The Seller is Vat Registered – Option to Zero Rate.

Version 2: 17.09.2018 14

LIONS RIVER COUNTRY COTTAGES, PORTION 9 TERMS & OF THE FARM TABASKOP NO. 14910, HOWICK 1318CONDITIONS Old North Coast Road, Avoca

If you are the successful bidder kindly note the following:

• 5% deposit payable by the Purchaser on the fall of the hammer • 10% Auctioneers Commission plus 15 % Vat payable by the Purchaser on the fall of the hammer • 24 Hours Confirmation period – 20 September 2018 @ 17h00 • 45 Day Guarantee Period • Possession on Registration of Transfer • Electrical, Entomologist and Gas Certificates for the SELLERS account

Kindly note for EFT & Cheque payments, the following applies:

Cheques need to be made out to In2assets Properties (Pty) Ltd

EFT Payments, our trust account banking details are as follows:

Bank : Standard Bank Account Name : In2assets Properties (Pty) Ltd Account No. : 050022032 Branch Name : Kingsmead Branch code : 040026

Version 2: 17.09.2018 15

LIONS RIVER COUNTRY COTTAGES, PORTION 9 SG DIAGRAMS OF THE FARM TABASKOP NO. 14910, HOWICK

1318 Old North Coast Road, Avoca

Version 2: 17.09.2018 16

LIONS RIVER COUNTRY COTTAGES, PORTION 9 SG DIAGRAMS OF THE FARM TABASKOP NO. 14910, HOWICK 1318(Continued) Old North Coast Road, Avoca

Version 2: 17.09.2018 17

LIONS RIVER COUNTRY COTTAGES, PORTION 9 ZONING OF THE FARM TABASKOP NO. 14910, HOWICK 1318CERTIFICATE Old North Coast Road, Avoca

Version 2: 17.09.2018 18

LIONS RIVER COUNTRY COTTAGES, PORTION 9 TITLE DEED OF THE FARM TABASKOP NO. 14910, HOWICK

1318 Old North Coast Road, Avoca

Version 2: 17.09.2018 19

LIONS RIVER COUNTRY COTTAGES, PORTION 9 TITLE DEED OF THE FARM TABASKOP NO. 14910, HOWICK 1318(Continued) Old North Coast Road, Avoca

Version 2: 17.09.2018 20

LIONS RIVER COUNTRY COTTAGES, PORTION 9 TITLE DEED OF THE FARM TABASKOP NO. 14910, HOWICK 1318(Continued) Old North Coast Road, Avoca

Version 2: 17.09.2018 21

LIONS RIVER COUNTRY COTTAGES, PORTION 9 TITLE DEED OF THE FARM TABASKOP NO. 14910, HOWICK 1318(Continued) Old North Coast Road, Avoca

Version 2: 17.09.2018 22

LIONS RIVER COUNTRY COTTAGES, PORTION 9 GRADING OF THE FARM TABASKOP NO. 14910, HOWICK 1318CERTIFICATE Old North Coast Road, Avoca

Version 2: 17.09.2018 23

LIONS RIVER COUNTRY COTTAGES, PORTION 9

MOVABLES LIST OF THE FARM TABASKOP NO. 14910, HOWICK

1318 Old North Coast Road, Avoca

Version 2: 17.09.2018 24