Property Information Pack

RESIDENTIAL FOR SALE DEVELOPMENT BY LAND AUCTION 60 BURNE ROAD, AMANZIMTOTI, KWAZULU NATAL

WEB#: AUCT-000408 | www.in2assets.com ADDRESS: 60 Burne Road, Amanzimtoti, Kwa-Zulu Natal AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 25 May 2017 | 11h00 VIEWING: By Appointment CONTACT: Carl Kleinhans| 082 467 5664 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller

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. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above property is subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer.

60 BURNE ROAD, AMANZIMTOTI, CONTENTS KWAZULU NATAL 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 5

PICTURE GALLERY 6

ADDITIONAL INFORMATION 8

TERMS AND CONDITIONS 9

SG DIAGRAM 10

ZONING CERTIFICATE 11

TITLE DEED 13

RULES OF AUCTION & CONDITIONS OF SALE 17

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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60 BURNE ROAD, AMANZIMTOTI, CPA LETTER KWAZULU NATAL

1318 Old North Coast Road, Avoca

In light of the Consumer Protection Act which came into effect on 1 April 2011, 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.

Should you require any further assistance or have any questions or queries, please do not hesitate to contact us.

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60 BURNE ROAD, AMANZIMTOTI, PROPERTY KWAZULU NATAL 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: 60 Burne Road, Athlone Park Township & Province: Amanzimtoti, KwaZulu-Natal

Title deed information

Title Deed Number: T14288/2016 Registered Owner: Melody Hills Trading 258 CC Title Deed Description: Erf 2128 Amanzimtoti Extension 4 Extent: 4 100 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: General Residential 2

F.A.R: 2.45

Coverage: 40%

Height: N/A

Building Lines: 7.5m

Side Space: 4.5m

Rear Space: 4.5m

Parking: Depends on use

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60 BURNE ROAD, AMANZIMTOTI, PROPERTY KWAZULU NATAL 1318DESCRIPTION Old North Coast Road, Avoca (continued)

Comments:

The re-zoning of Erf 2128 Amanzimtoti, situated at 60 Burne Road, Athlone Park, Amanzimtoti from Special Residential 900 to General Residential 2 has been approved, however is subject to:

 The Development shall not exceed 22 Units and 5 storeys in height  Burne Road is to be upgraded to a minimum of 5.5m in width and 1.5m sidewalk is to be provided on one side of the road. As per the Seller the total area to be upgraded is 490m² (as per item 12 in the TIA Report), which as per the report should cost approximately R1800m²  Engineering drawings to be submitted with building plan submission  A Landscape Plan to be submitted at the building plan stage

The Traffic Impact Assessment Report (Report Number: NDA 1282-Revision 2) has been prepared and submitted by NDA Consulting Engineers CC in 2015. This report is available on request.

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60 BURNE ROAD, AMANZIMTOTI, PROPERTY KWAZULU NATAL 1318LOCATION Old North Coast Road, Avoca

This prime site is set in the affluent residential neighbourhood of Athlone Park, approximately 25km south of Durban, along the Sapphire Coast. The location ensures quiet surroundings in a peaceful suburban setting, while enabling easy access to national and secondary roads.

The site is in close proximity to local commercial and industrial centres, however these commercial and industrial zones facilitate “clean” no pollutant industries, such as Toyota assembly plant, which covers a large percentage of the Prospecton Industrial area. The regional Netcare hospital is approximately 2.5km from the site and there are many local primary and secondary schools within the immediate vicinity. The area has notably a low crime rate and the surrounds can be described as tranquil. The site is approximately 54m above sea level and offers magnificent ocean views. The adjacent coast is a leading South African holiday destination, renowned for its sandy beaches and marine environment popular for fishing, diving, surfing and other marine activities. The site is in close proximity to regional shopping malls.

SUBJECT PROPERTY: 60 Burne Road, Amanzimtoti, Kwa-Zulu Natal

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60 BURNE ROAD, AMANZIMTOTI, PICTURE KWAZULU NATAL 1318GALLERY Old North Coast Road, Avoca

Views from the subject Site

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60 BURNE ROAD, AMANZIMTOTI, PICTURE KWAZULU NATAL 1318GALLERY Old North Coast Road, Avoca (continued)

Images of Proposed Development to be known as “The Executive”

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60 BURNE ROAD, AMANZIMTOTI, ADDITIONAL KWAZULU NATAL 1318INFORMATION Old North Coast Road, Avoca

Primary use

The subject site is 4 100 m² with a broad spectrum of development opportunities, including multiple unit developments, a retirement home or a hotel. This property has already been approved and rezoned to General Residential 2. The number of properties in the surrounding area who are able to qualify for this zoning are substantially limited and this adds significant value to the property. The site is fully serviced with all bulk services available.

Preliminary Architectural Plans and Layouts have been completed. The proposed development will consist of the following:

20 (3 Bedroom) – Upmarket Spacious Residential Apartments 2 (4 Bedroom) – High Income Penthouses of approximately 406m² each.

It is unlikely that the views will ever be obstructed as the buffer zone between the property and the ocean is made up of both environmental protection nodes, the Mbokodweni River and the Amanzimtoti Golf Club. Access to the development will be via Burne Road.

Lease Details

The Sellers have informed us that there is a cottage and a house on the property which has not been inhabited for more than a year. The property will be sold with vacant occupation.

Expenses

The assessment rates for the year 2016/2017 amounts to R14 003.52, which equates to a monthly figure of R1 166.96.

Vat Status

The Seller is not Vat Registered.

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60 BURNE ROAD, AMANZIMTOTI, TERMS & KWAZULU NATAL 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 – 26 May 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

25 PLOTS IN EXTENSION 36, KNOWN AS BELGATE, TONGAAT, KWAZULU NATAL

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SG DIAGRAM 60 BURNE ROAD, AMANZIMTOTI, KWAZULU NATAL 1318 Old North Coast Road, Avoca

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60 BURNE ROAD, AMANZIMTOTI, ZONING KWAZULU NATAL 1318CERTIFICATE Old North Coast Road, Avoca

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60 BURNE ROAD, AMANZIMTOTI, ZONING KWAZULU NATAL 1318CERTIFICATE Old North Coast Road, Avoca

(continued)

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TITLE DEED 60 BURNE ROAD, AMANZIMTOTI, KWAZULU NATAL 1318 Old North Coast Road, Avoca

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60 BURNE ROAD, AMANZIMTOTI, TITLE DEED KWAZULU NATAL

(continued) 1318 Old North Coast Road, Avoca

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60 BURNE ROAD, AMANZIMTOTI, TITLE DEED KWAZULU NATAL

(continued) 1318 Old North Coast Road, Avoca

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60 BURNE ROAD, AMANZIMTOTI, TITLE DEED KWAZULU NATAL

(continued) 1318 Old North Coast Road, Avoca

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