7 Separate Houses, Unique Geluksburg / Drakensberg Erven Corner of 1St Avenue, Cronje Street & Main Street, Geluksburg

7 SEPARATE HOUSES, UNIQUE GELUKSBURG / DRAKENSBERG ERVEN CORNER OF 1ST AVENUE, CRONJE STREET & MAIN STREET, GELUKSBURG

WEB#: AUCT-000601 | www.in2assets.com ADDRESS: Corner of 1st Avenue, Cronje Street and Main Street, Geluksburg AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 18 April 2018 | 11h00 VIEWING: By Appointment CONTACT: Marchand Meyer | 083 259 1056 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller

CORNER OF 1ST AVENUE, CRONJE STREET AND CONTENTS MAIN STREET, GELUKSBURG 1318 Old North Coast Road, Avoca GELUKSBURG

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 5

PICTURE GALLERY 6

ADDITIONAL INFORMATION 12

TERMS AND CONDITIONS 15

MOVABLES LISTS 16

SG DIAGRAMS 21

TITLE DEEDS 26

ZONING CERTIFICATES 39

RULES OF AUCTION & CONDITIONS OF SALE 44

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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CORNER OF 1ST AVENUE, CRONJE STREET AND CPA LETTER MAIN STREET, GELUKSBURG

1318 Old North Coast Road, Avoca GELUKSBURG

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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CORNER OF 1ST AVENUE, CRONJE STREET AND PROPERTY MAIN STREET, GELUKSBURG 1318DESCRIPTION Old North Coast Road, Avoca GELUKSBURG

General

Property Address: Corner of 1st Avenue, Cronje Street and Main Street Township & Province: Geluksburg, KwaZulu Natal

Title deed information – Property 1 & 2

Title Deed Number: T53766/2004 Registered Owner: Susanna Jacomina Lake & Stanley Geoff Lake Title Deed Description: Erf 47 Geluksburg Extent: 3 715 m²

Title Deed Number: T53766/2004 Registered Owner: Susanna Jacomina Lake & Stanley Geoff Lake Title Deed Description: Erf 49 Geluksburg Extent: 3 715 m²

Total Combined Extent: 7 430 m²

Address: Corner of 1st Avenue and Cronje Street

Title deed information – Property 3

Title Deed Number: T51809/2005 Registered Owner: Stanley Geoff Lake & Susanna Jacomina Lake Title Deed Description: Erf 48 Geluksburg Extent: 3 715 m²

Address: Main Street

Title deed information – Property 4

Title Deed Number: T53767/2004 Registered Owner: Stanley Geoff Lake & Susanna Jacomina Lake Title Deed Description: Erf 50 Geluksburg Extent: 3 715 m²

Address: Corner of 1st Avenue and Main Street

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CORNER OF 1ST AVENUE, CRONJE STREET AND PROPERTY MAIN STREET, GELUKSBURG 1318DESCRIPTION Old North Coast Road, Avoca GELUKSBURG (Continued)

Title deed information – Property 5

Title Deed Number: T43667/2007 Registered Owner: Susanna Jacomina Lake & Stanley Geoff Lake & Andries Christian Roode Title Deed Description: Portion 1 of Erf 310 Geluksburg Extent: 2, 3900 Hectares

Address: Cronje Street

Municipal information

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

Town Planning Information Zoning: Residential 2 F.A.R: 0.03 Coverage: 30% Height: 2 Storeys Building Lines: 7.5m Side Space: 2.0m Rear Space: 2.0m Parking Requirements: Depends on use

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CORNER OF 1ST AVENUE, CRONJE STREET AND PROPERTY MAIN STREET, GELUKSBURG 1318LOCATION Old North Coast Road, Avoca GELUKSBURG

Geluksburg is a village in the KwaZulu Natal Province which lies in the midst of the northern Drakensberg, on the edge of the Drakensburg Mountain Range, within KwaZulu Natal. The little town sits at the base of the Ntintwa Mountain approximately halfway between Durban and Johannesburg. It is closest to the Free State border, between the Oliviershoek and Van Reenen mountain passes. Geluksburg is accessed by the R616 Main Road which links Bergville and Ladysmith. Geluksburg is an isolated mountain getaway and can be an escape or a central stop over en route to the Royal Natal National Park and Amphitheatre, Cathedral Peak area or Champagne Valley.

The area manages to promise an immediate sense of safety and getting away from it all combined with the beauty and tranquility of the surrounding mountain peaks of Drakensburg all within 30 kilometres from the N3.

Shopping and schooling facilities can be found in the town of Bergville situated approximately 30 km from Geluksburg. All other modern day amenities can be found in the town of Ladysmith which is situated approximately 50 km from Geluksburg.

SUBJECT PROPERTIES: Erf 47, 48, 49, 50 & Portion 1 of Erf 310, Geluksburg

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CORNER OF 1ST AVENUE, CRONJE STREET AND PICTURE MAIN STREET, GELUKSBURG 1318GALLERY Old North Coast Road, Avoca GELUKSBURG

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CORNER OF 1ST AVENUE, CRONJE STREET AND PICTURE MAIN STREET, GELUKSBURG 1318GALLERY Old North Coast Road, Avoca GELUKSBURG (Continued)

Erf 47 Geluksburg

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Erf 48 Geluksburg

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Erf 49 Geluksburg

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Erf 50 Geluksburg

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Portion 1 of Erf 310 Geluksburg

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CORNER OF 1ST AVENUE, CRONJE STREET AND ADDITIONAL MAIN STREET, GELUKSBURG 1318INFORMATION Old North Coast Road, Avoca GELUKSBURG

Primary use

Situated in the midst of the Northern Drakensberg these properties offer the ultimate in country living experience within safe and tranquil surroundings, amazing sunsets and the beauty of the surrounding mountain peaks that are the Drakensberg. These properties offer excellent holiday accommodation facilities with chalets, modern zulu huts, rondavels and campsites with the added safety of electric fencing around 4 sites.

As per information provided by the seller the properties are improved as follows:

Property 1

Erf 47 Geluksburg Stand size: 3 715 m²

This property is improved with 4 modern Zulu huts which have an open plan design with shower toilet and basin. The property also has camping facilities with electrical points and an ablution block. This site can accommodate 15 people in beds and has space for 25 campers. It also includes an entertainment lapa with foot fire, a fully equipped kitchen and two private bathrooms.

The property is sold with movables. A list of movables is enclosed on page 16 below.

Property 2

Erf 49 Geluksburg Stand size: 3 715 m²

This property comprises 2 large beautiful Rondavels, known as Rondo 1 and Rondo 2, and 2 modern Zulu huts known as Zulu 8 and Zulu 9.

Rondo 1 is made up of an open plan kitchen/lounge/bedroom, bathroom with shower and a flatlet that sleeps 8 people with its own braai area.

Rondo 2 comprises an open plan kitchen/lounge/bedroom with shower and has its own braai facility.

Zulu 8 and Zulu 9 have an open plan design with toilet, shower and wash basin. The 2 Zulu huts sleep a total of 6 people.

The Rondavels and Zulu huts are sold with movables. A list of movables is enclosed on pages 17 below.

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ADDITIONAL CORNER OF 1ST AVENUE, CRONJE STREET AND MAIN STREET, GELUKSBURG 1318INFORMATION Old North Coast Road, Avoca GELUKSBURG (Continued)

Property 3

Erf 48 Geluksburg Stand size: 3 715 m²

This property comprises 2 double storey buildings.

Thatched Roof Double Storey House:

The ground floor of the thatched roof house is known as Gina’s Pride consists of a kitchen, big lounge/dining room, veranda, office and bathroom. The office used to be a bedroom and has now been converted. The first floor which is known as Lions Den comprises a kitchenette, 2 bedrooms (sleeps 7 with a double bed in one room, the other room with a double and single bed and two extra single beds in lounge area). There is a deck overlooking the garden.

Double storey building with 2 chalets:

The chalet on the ground floor which is known a Hogshollow comprises of an open plan kitchen/lounge, large bathroom with shower for disabled and 2 bedrooms (sleeps 5 with double bed and 3 singles). The first floor which is known as Eagles Nest has a bachelor flat with bathroom, kitchenette (sleeps 4 with double bed and two singles).

The property includes a large garden, swimming pool, braai area with two showers and toilets, play area for children, two trampolines and is equipped with a borehole.

This property is sold with movables. A list of movables is enclosed on page 18 below.

Property 4

Erf 50 Geluksburg: Stand size: 3715 m²

This property comprises of a wooden log cabin, a big rondavel that sleeps 4, a wendy house which is being used as staff quarters, a laundry, carport and store room.

The wooden log cabin which is known as Porcupine Pen is made up of an open plan kitchen/lounge, two bedrooms bathroom and verandah. This sleeps 7 people.

Guinea Fowl’s Nest is a big, fully equipped rondavel with a built-in braai and lovely patio.

The property has a large garden and is equipped with a borehole.

This property is sold with movables. A list of movables is enclosed on page 20 below.

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ADDITIONAL CORNER OF 1ST AVENUE, CRONJE STREET AND MAIN STREET, GELUKSBURG 1318INFORMATION Old North Coast Road, Avoca GELUKSBURG (Continued)

Property 5

Portion 1 of Erf 310 Geluksburg Stand size: 2,3900 Hectares

Situated at the foot of the Middledale Pass, this site is a gem with views right around Tintwa Mountain especially for immaculate sunsets.

The property consists of a one bedroom cottage of approximately 112 m² with a lovely stoep overlooking a large garden with views.

As per the seller this site has been subdivided into 9 stands, however these stands have not yet been individually registered due to outstanding requirements such as water and electricity services.

The sale of this property being Portion 1 of Erf 310 will not include any movables.

Building Plans

The PURCHASER acknowledges herewith that he has fully acquainted himself with the improvements on the property. The SELLER however acknowledges that no plans have either been approved or not available for the improvements on the property and undertakes to provide the PURCHASER (if required) with approved plans at his (the SELLER’s) costs within a reasonable period of time after date of acceptance of the sale by the SELLER.

Lease Details

Erf 47 & 49, 48 & 50 Gelukburg are currently vacant and will be sold with vacant occupation.

Portion 1 of Erf 310 Geluksburg is owner occupied and will be sold with vacant occupation.

Expenses

The assessment rates for the year 2017/2018 amounts to:

Erf Number Monthly Rates Annual Rates Erf 47 & Erf 49 Nil Nil Erf 48 R132.96 R1 595.52 Erf 50 R110.80 R1 329.60 Portion 1 of Erf 310 R210.52 R2 526.24 Totals R454.28 R5 451.36

Vat Status

The Sellers are not Vat registered – Transfer Duty payable.

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CORNER OF 1ST AVENUE, CRONJE STREET AND TERMS & MAIN STREET, GELUKSBURG 1318CONDITIONS Old North Coast Road, Avoca GELUKSBURG

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 Hour Confirmation period – 19 April 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

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CORNER OF 1ST AVENUE, CRONJE STREET AND MOVABLES MAIN STREET, GELUKSBURG 1318LIST OldS North Coast Road, Avoca GELUKSBURG

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CORNER OF 1ST AVENUE, CRONJE STREET AND MOVABLES MAIN STREET, GELUKSBURG 1318LISTS Old North Coast Road, Avoca GELUKSBURG (Continued)

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CORNER OF 1ST AVENUE, CRONJE STREET AND MOVABLES MAIN STREET, GELUKSBURG 1318LISTS Old North Coast Road, Avoca GELUKSBURG (Continued)

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CORNER OF 1ST AVENUE, CRONJE STREET AND SG DIAGRAMS MAIN STREET, GELUKSBURG GELUKSBURG 1318 Old North Coast Road, Avoca

ERF 47 GELUKSBURG GELUKSBURG

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ERF 48 GELUKSBURG GELUKSBURG

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CORNER OF 1ST AVENUE, CRONJE STREET AND SG DIAGRAMS MAIN STREET, GELUKSBURG (Continued) GELUKSBURG 1318 Old North Coast Road, Avoca

ERF 49 GELUKSBURG GELUKSBURG

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ERF 50 GELUKSBURG GELUKSBURG

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SG DIAGRAMS CORNER OF 1ST AVENUE, CRONJE STREET AND MAIN STREET, GELUKSBURG (Continued) 1318 Old North Coast Road, Avoca GELUKSBURG

PORTION 1 OF ERF 310 GELUKSBURG GELUKSBURG

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CORNER OF 1ST AVENUE, CRONJE STREET AND TITLE DEEDS MAIN STREET, GELUKSBURG

1318 Old North Coast Road, Avoca GELUKSBURG

ERF 47 & 49 GELUKSBURG GELUKSBURG

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ERF 48 GELUKSBURG GELUKSBURG

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ERF 50 GELUKSBURG GELUKSBURG

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CORNER OF 1ST AVENUE, CRONJE STREET AND TITLE DEEDS MAIN STREET, GELUKSBURG (Continued) GELUKSBURG 1318 Old North Coast Road, Avoca

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CORNER OF 1ST AVENUE, CRONJE STREET AND TITLE DEEDS MAIN STREET, GELUKSBURG (Continued) GELUKSBURG 1318 Old North Coast Road, Avoca

PORTION 1 OF ERF 310 GELUKSBURG GELUKSBURG

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