40 Stapleton Road, Pinetown

PROMINENT POSITIONED INDUSTRIAL PROPERTY 40 STAPLETON ROAD, PINETOWN

WEB#: AUCT-000542 | www.in2assets.com ADDRESS: 40 Stapleton Road, Pinetown AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 24 October 2017 | 11h00 VIEWING: By Appointment CONTACT: Rainer Stenzhorn | 082 321 1135 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller

CONTENTS 40 STAPLETON ROAD, PINETOWN 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 12

TERMS AND CONDITIONS 14

SG DIAGRAMS 15

BUILDING PLANS 17

ZONING CERTIFICATE 23

LEASE AGREEMENT IN RESPECT OF TRIUMPH PRINTING & PACKAGING (PTY) LTD 24

TITLE DEED 34

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.

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CPA LETTER 40 STAPLETON ROAD, PINETOWN

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.

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PROPERTY 40 STAPLETON ROAD, PINETOWN 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: 40 Stapleton Road,

Township & Province: Pinetown, KwaZulu Natal

Title deed information

Title Deed Number: T35673/2012

Registered Owner: 46 Stapleton Road (Pty) Ltd

Title Deed Description: The Remainder of Erf 6851 Pinetown

Extent: 5 686 m²

Municipal information

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

Town Planning Information

Zoning: Light Industry

F.A.R: 1.4

Coverage: 70%

Height: 6 Storeys (21 metres)

Building Lines: 7.5m

Side Space: 3.0m

Rear Space: 4.5m

Parking Requirements: Depends on use

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PROPERTY 40 STAPLETON ROAD, PINETOWN 1318LOCATION Old North Coast Road, Avoca

The property is positioned at 40 Stapleton Road, at the outskirts of Pinetown Industrial and close to the suburb of Sarnia. Stapleton Road travels north linking to the M5 Main Road and accesses New Germany. The property lies immediately off the M13 (King Cetshwayo Highway) into Sarnia and Pinetown and is exposed to high levels of traffic. This industrial node is positioned on the southern periphery of the Pinetown Central Business District.

The neighbourhood is well established and comprises a mix of large scale industrial premises, light industrial, showroom and retail properties. Numerous national and blue chip industrial tenants occupy the node. This node is highly sought after and is considered “prime” within the eThekwini Municipality. Nearby industrial nodes include North Industria, Mountain Ridge, Pineside and Falcon Park Industrial Park.

Easy access to the N3 Freeway from the M7 Main Road and from the M13 Main Road can be obtained. The property is located directly on the Motorway offramp.

All modern amenities and public services are located in Pinetown Central, which is easily accessed from Old Main Road. Area is fully serviced with tarred roads, electricity, sewerage, refuse removal, Telkom networks.

SUBJECT PROPERTY: 40 Stapleton Road, Pinetown

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PICTURE 40 STAPLETON ROAD, PINETOWN 1318GALLERY Old North Coast Road, Avoca

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PICTURE 40 STAPLETON ROAD, PINETOWN 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 40 STAPLETON ROAD, PINETOWN 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 40 STAPLETON ROAD, PINETOWN 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 40 STAPLETON ROAD, PINETOWN 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 40 STAPLETON ROAD, PINETOWN 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 40 STAPLETON ROAD, PINETOWN 1318GALLERY Old North Coast Road, Avoca (Continued)

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ADDITIONAL 40 STAPLETON ROAD, PINETOWN 1318INFORMATION Old North Coast Road, Avoca

Primary use

This well positioned prime industrial property is located directly off the M13 Main Road, at the corner of Stapleton Road and Eden Road. Eden Road is the slip road/off-ramp from the M13. This spacious and well maintained property comprises clear span of A-grade factories and warehousing and because of the good height internally, there is a large part of solid floor mezzanine level.

The property consists of a smart administration section, double volume factory/warehouse areas, mezzanine levels, basement warehousing, workshops, storage areas and plenty of staff ablutions, change rooms and canteens.

Yard / Driveways

The front yard is hard concrete and is accessed via manned security through an automated gate and pedestrian gate. The rear yard area is approximately 1000 m² and is accessed off Eden Road via automated gates. This yard area gives access to the basement warehouse with a 1.5 ton goods hoist servicing the basement and the main factory/warehouse level. There is approximately 25 demarcated parking bays at the side and rear yard areas, as per our onsite count.

Administration Section

This part of the property is accessed from the front driveway to the reception area which links to 4 open plan offices with 4 individual offices and to a passage way that leads to male and female ablutions, a kitchenette and 5 more individual offices. A board room, office and store room can be accessed from the reception area. There is ducted air-conditioning throughout the administration area and all IT cabling forms part of the sale.

Main Factory / Warehouse

Majority of the main factory / warehouse is double volume and the large remaining part has the mezzanine level. The main factory / warehouse consists of workshops, the goods hoist which forms part of the sale, two double storey storage and office areas, wash bay area with proper drainage in place and a recycling shoot at the rear. A roller shutter door gives access to the front yard.

Mezzanine Level

There is a direct loading/offloading area that links to the mezzanine level of the main factory/warehouse. This mezzanine level comprises 2 sections, one section that links to an open plan office area, canteen, and a kitchen with above storage area and the other section of mezzanine level leading out to the leased property.

Basement Level

The basement level comprises of warehouse space with an office, ablutions and storage rooms.

The property is fully secured with wire and electric fencing and additional palisade fencing at the front. Power supply: 800 AMPS – 3 phase. The property is subject to a right of way servitude as per the SG diagram and Title Deed, approximately 3.66 m in favour of Erf 3124 Pinetown.

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ADDITIONAL 40 STAPLETON ROAD, PINETOWN 1318INFORMATION Old North Coast Road, Avoca (Continued)

A property of this magnitude can accommodate multinational and small to medium size business altogether.

NB: It should be noted that the generator belongs to the tenant and is specifically excluded from this sale.

Accommodation Details

As per architectural plans, the gross building area is approximately 6 490 m².

As per onsite measurements, the gross lettable area is approximately 6 260 m².

Basement ± 1 280 m²

Administration Section ± 640 m² (Inclusive of basement board room, office and store room) Main Factory / Warehouse ± 2 860 m² (Inclusive of the double storey office areas) Mezzanine Level ± 1 480 m²

Lease Details

Lease Monthly Rental Annual Rental Annual Tenant Name Lease Expiry Commencement (Excluding Vat) (Excluding Vat) Escalation Triumph Printing and Packaging (Pty) Ltd 01-Mar-16 31-Mar-19 R 327 218.00 R 3 926 616.00 9%

Comments:

The tenant is liable for water, electricity, refuse removal, sewerage charges.

Expenses

The assessment rates for the year 2017/2018 amounts to R 580 611.00, which equates to a monthly figure of R 48 384.25.

There are approximately 28 parking bays and the driveway that is positioned outside the front boundary of the property which is leased from Passenger Rail Agency of SA (PRASA) allowing parking and access to the owners of the subject property as well as PRASA. This area is of ±850 m² is leased from PRASA on a 5 year lease agreement that commenced on the 1st December 2014 and expiring on the 30th November 2019. The monthly rental payable to PRASA amounts to R 7 300.00 plus VAT per month. The Purchaser acknowledges that he will be bound by the terms and conditions of the aforementioned lease agreement with PRASA.

Vat Status

The Seller is Vat registered – Option to Zero Rate.

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TERMS & 40 STAPLETON ROAD, PINETOWN 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 payable by the Purchaser on the fall of the hammer  24 Hour Confirmation period – 25 October 2017 @ 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

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SG DIAGRAMS 40 STAPLETON ROAD, PINETOWN

1318 Old North Coast Road, Avoca

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SG DIAGRAMS 40 STAPLETON ROAD, PINETOWN

(Continued) 1318 Old North Coast Road, Avoca

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BUILDING 40 STAPLETON ROAD, PINETOWN 1318PLANS Old North Coast Road, Avoca

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BUILDING 40 STAPLETON ROAD, PINETOWN 1318PLANS Old North Coast Road, Avoca (Continued)

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BUILDING 40 STAPLETON ROAD, PINETOWN 1318PLANS Old North Coast Road, Avoca (Continued)

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BUILDING 40 STAPLETON ROAD, PINETOWN 1318PLANS Old North Coast Road, Avoca (Continued)

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BUILDING 40 STAPLETON ROAD, PINETOWN 1318PLANS Old North Coast Road, Avoca (Continued)

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BUILDING 40 STAPLETON ROAD, PINETOWN 1318PLANS Old North Coast Road, Avoca (Continued)

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ZONING 40 STAPLETON ROAD, PINETOWN 1318CERTIFICATE Old North Coast Road, Avoca

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