132 Ha Kzn Balgowan Farm Near Michaelhouse Holly Farm

132 HA KZN FOR SALE BALGOWAN

BY FARM NEAR MICHAELHOUSE AUCTION HOLLY FARM, NOTTINGHAM ROAD, KZN MIDLANDS

WEB#: AUCT-000291 | www.in2assets.com ADDRESS: Holly Farm, Nottingham Road, Balgowan, KZN Midlands AUCTION VENUE: On Site - Holly Farm, Balgowan, Midlands AUCTION DATE & TIME: 28 October 2016 | 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

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.

CONTENTS HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 9

TERMS AND CONDITIONS 11

SG DIAGRAMS 12

LAND CLAIMS LETTER 18

TITLE DEED 19

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 HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 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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PROPERTY HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address D 830 Road, Off the R103 Nottingham Road Township & Province: Farm Wilde Als Spruit, Midlands, KwaZulu-Natal

Title deed information – Property 1

Title Deed Number: T36942/2002 Registered Owner: Patrick Sidney Long Title Deed Description: The Remainder of Portion 36 of the Farm Wilde Als Spruit No. 1085 Extent: 76. 9645 hectares

Title deed information – Property 2

Title Deed Number: T15944/2003 Registered Owner: Patrick Sidney Long Title Deed Description: Portion 114 of the Farm Wilde Als Spruit No. 1085 Extent: 55. 0417 hectares

Total extent: 132. 0062 hectares

Municipal information

The local authority in which the properties are situated is the uMngeni Municipality. According to the permitted zoning scheme the properties are zoned as follows:

Town Planning Information

Zoning: Agricultural

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PROPERTY HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318LOCATION Old North Coast Road, Avoca

The subject property is located in Balgowan in the Kwazulu Natal Midlands. Travel from Midmar towards Nottingham Road along Regional Route R103. Travel past Lidgetton, Woodridge Country Hotel on the left and Michaelhouse School on the left. The next gravel road marked D830 on left leads to Holly Farm.

The town of Balgowan began its existence as an old trading store and a train station where locally grown timber is picked up. Today it is a geographical area, rather than a town, that starts somewhere between Nottingham Road and Lidgetton and ends before you reach Caversham. There are landmarks that are synonymous with the area like Michaelhouse School, the reputable boarding school for boys, which includes wonderful English gothic style architecture and a chapel that is open to the public. Therefore, the surrounding area is largely rural in nature, with the small village of Nottingham Road located approximately 10km to the north and the small town of Howick located approximately 25km to the south.

The larger centre of Pietermaritzburg is located approximately 55km to the south. The Midlands Meander, a scenic tourist route featuring arts and crafts, restaurants and accommodation, runs through Balgowan on the R103.

SUBJECT PROPERTY: Holly Farm, Nottingham Road, Balgowan, KZN Midlands

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PICTURE HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318GALLERY Old North Coast Road, Avoca

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PICTURE HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318GALLERY Old North Coast Road, Avoca (Continued)

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HOLLY FARM, NOTTINGHAM ROAD, PICTURE BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca GALLERY (Continued)

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PICTURE HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318GALLERY Old North Coast Road, Avoca (Continued)

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ADDITIONAL HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318INFORMATION Old North Coast Road, Avoca

Primary use

This picturesque ± 132 ha farm with an abundance of water and in close proximity to Michaelhouse School, has so much to offer. Three pretty dams, surrounded with beautiful indigenous forest offer an abundance of fauna and flora, as well as a prolific bird life. The dams have been regularly stocked with trout.

The large thatched farm house, set in a beautiful country garden overlooking Michaelhouse, comprises 4 bedrooms - main ensuite with separate dressing room, second bathroom and an additional guest toilet, newly refurbished farm style kitchen, with separate scullery and pantry, 2 lounges both with fireplaces, separate dining room, office/study, bar, double garage, and storeroom. The house is fully secured, alarmed and has beams in the garden. A stand-by Cummins Generator set near the house switches on automatically when there is a power outage.

The farmland consists of approximately 78 hectares well fertilized kikuyu pasture, on which 200+ Angus beef breeding cows with following calves are intensively run. The balance of the grazing is natural veld. The Poultry Broiler Breeder operation is designed to produce fertile hatching eggs. The breeder rearing shed is environmentally controlled and has a store room for feed. The two laying sheds are open-sided with adjustable curtains, bulk feed tanks, and a fully automated feeding system. All three sheds are surrounded with electric security fencing. Another large shed includes 9 stalls for rearing calves. An additional shed including a Herringbone Dairy is currently used as mixing shed and for farm machinery storage.

There is staff housing with water and electricity.

It should be noted that the Cummins Generator is included in the sale.

The properties are subject to various servitudes and are not subject to any land claims.

List of Equipment and Livestock included in the sale of “Holly Farm”

Equipment

1. 1 x JD 5425 Tractor No 1 2. 1 x 3 Ton Tipper Trailer 3. 1 x Cummins Generator

Livestock

1. 10 x Cows – (some with calves and currently with a Bull)

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ADDITIONAL HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318INFORMATION Old North Coast Road, Avoca (Continued)

Lease Details

There are no leases in place and the property will be sold with Vacant Occupation.

Expenses

The Remainder of Portion 36 of the Farm Wilde Als Spruit No. 1085 - The assessment rates for the year 2016/2017 amounts to R 15 356.28, which equates to a monthly figure of R 1 279.69

Portion 114 of the Farm Wilde Als Spruit No. 1085 - The assessment rates for the year 2016/2017 amounts to R 5 906.16, which equates to a monthly figure of R 492.18

Vat Status

The Seller is Vat Registered – Option to Zero Rate.

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TERMS & HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 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  Confirmation period – 31 October 2016 @ 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 Name : Standard Bank Account Name : In2assets Properties (Pty) Ltd Account No. : 050022032 Branch Name : Kingsmead Branch code : 040026

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SG DIAGRAMS HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

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SG DIAGRAMS HOLLY FARM, NOTTINGHAM ROAD, (Continued) BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

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SG DIAGRAMS HOLLY FARM, NOTTINGHAM ROAD, (Continued) BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

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SG DIAGRAMS HOLLY FARM, NOTTINGHAM ROAD, (Continued) BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

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SG DIAGRAMS HOLLY FARM, NOTTINGHAM ROAD, (Continued) BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

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SG DIAGRAMS HOLLY FARM, NOTTINGHAM ROAD, (Continued) BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

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LAND CLAIMS HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318LETTER Old North Coast Road, Avoca

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TITLE DEED HOLLY FARM, NOTTINGHAM ROAD, BALGOWAN, KZN MIDLANDS 1318 Old North Coast Road, Avoca

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