Property Information Pack

INDUSTRIAL FOR SALE MANUFACTURING

BY PROPERTY

AUCTION UNITS 1, 4, 11 & 12 MANCHESTER PARK, 1 MANCHESTER ROAD, PINETOWN, KWAZULU-NATAL

WEB#: AUCT-000425 | www.in2assets.com ADDRESS: Unit 1, 4, 11 & 12 SS Manchester Park, 1 Manchester Road, Pinetown, KwaZulu-Natal AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 27 June 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.

UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, CONTENTS 1 MANCHESTER ROAD, PINETOWN, KZN 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 6

PICTURE GALLERY 7

ADDITIONAL INFORMATION 10

TERMS AND CONDITIONS 11

TITLE DEED 12

SECTIONAL TITLE PLANS 21

ZONING CERTIFICATE 37

CONDUCT RULES 38

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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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, CPA LETTER 1 MANCHESTER ROAD, PINETOWN, KZN

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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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, PROPERTY 1 MANCHESTER ROAD, PINETOWN, KZN 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: Units 1, 4, 11 & 12 SS Manchester Park, 1 Manchester Road Township & Province: Pinetown, KwaZulu-Natal

Title deed information – Property 1

Title Deed Number: ST21208/2016 Scheme Number/Year: 596/1996 Registered Owner: Bata South Africa (Pty) Ltd Unit Number & Scheme Name: Unit 1 SS Manchester Park Extent: 7 463 m²

Title deed information – Property 2

Title Deed Number: ST21208/2016 Scheme Number/Year: 596/1996 Registered Owner: Bata South Africa (Pty) Ltd Unit Number & Scheme Name: Unit 4 SS Manchester Park Extent: 136 m²

Title deed information – Property 3

Title Deed Number: ST21208/2016 Scheme Number/Year: 48/1997 Registered Owner: Bata South Africa (Pty) Ltd Unit Number & Scheme Name: Unit 11 SS Manchester Park Extent: 8 m²

Title deed information – Property 4

Title Deed Number: ST21208/2016 Scheme Number/Year: 48/1997 Registered Owner: Bata South Africa (Pty) Ltd Unit Number & Scheme Name: Unit 12 SS Manchester Park Extent: 74 m²

Total Combined Extent: 7 681 m²

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, PROPERTY 1 MANCHESTER ROAD, PINETOWN, KZN 1318DESCRIPTION Old North Coast Road, Avoca (Continued)

Exclusive Use Areas

Exclusive Use Area: Parking P1 Extent: 3 017 m²

Exclusive Use Area: Parking P8B Extent: 29 m²

Exclusive Use Area: Parking P8C Extent: 13 m²

Exclusive Use Area: Parking P9A Extent: 13 m²

Exclusive Use Area: Parking P9B Extent: 13 m²

Exclusive Use Area: Parking P9C Extent: 13 m²

Exclusive Use Area: Parking P10A Extent: 51 m²

Exclusive Use Area: Parking P14C Extent: 14 m²

Total Combined Extent of EUA: 3 163 m²

Title Deed Number: SK2336/2016S Scheme Number/Year: 48/1997

All erected on: The Remainder of Erf 4599 Pinetown

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, PROPERTY 1 MANCHESTER ROAD, PINETOWN, KZN 1318DESCRIPTION Old North Coast Road, Avoca (Continued)

Municipal information

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

Town Planning Information

Zoning: Light Industry

F.A.R: 1.4

Coverage: 70%

Height: 6 Storeys (21m)

Building Line: 7.5m

Side: 3.0m

Rear: 4.5m

Parking: Depends on use

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, PROPERTY 1 MANCHESTER ROAD, PINETOWN, KZN 1318LOCATION Old North Coast Road, Avoca

The subject property is centrally located in an industrial node of New Germany which is situated approximately 25 km west of the Durban's Central District and some 1.5 km east of the Pinetown Central Business District. The immediate surrounding comprises mainly industrial type properties and some have been revamped for end-user or tenant purposes.

Properties in this node are of mixed assortment of freestanding industrial factory/warehousing with office components and a few interspersed sectional title mini factory complexes. Neighbouring industrial nodes include North Industrial and Falcon Industrial Park.

Access to the properties are directly off Manchester Road which is off Crompton Street that links up to Shepstone Road. Shepstone Road is one of the main arterials connecting to M19 / Umgeni Road and Old Main Road. The latter carries large volumes of traffic to and from the Pinetown Central Business District. Other major road network such as M5; M13; and N3 Highway are easily accessible.

All modern-day amenities are within a 1 km radius of the subject property.

SUBJECT SCHEME: SS Manchester Park, 1 Manchester Road, Pinetown, KwaZulu-Natal

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, PICTURE 1 MANCHESTER ROAD, PINETOWN, KZN 1318GALLERY Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, PICTURE 1 MANCHESTER ROAD, PINETOWN, KZN 1318GALLERY Old North Coast Road, Avoca (Continued)

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, PICTURE 1 MANCHESTER ROAD, PINETOWN, KZN 1318GALLERY Old North Coast Road, Avoca (Continued)

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, ADDITIONAL 1 MANCHESTER ROAD, PINETOWN, KZN 1318INFORMATION Old North Coast Road, Avoca

Primary use

This large industrial property with an approximate lettable area of 7 681m² is well positioned along the main transport routes of Pinetown. The property has easy super link access and exit driveways as well as ample on-site parking.

Currently the property comprises of administration, showroom, workshops, storage and large warehousing components. Most of the partitioning walls separating the offices and showrooms from the warehouse are of drywall, and therefore the current area of the warehouse component can be easily increased.

The administration component consists of the main reception area, board rooms, a configuration of open plan and individual offices, server rooms, kitchenettes, male and female ablution facilities and a canteen. There is also a large mezzanine level used as open plan offices and individual offices. Various storage rooms, mini workshops, showrooms and glass partitioned offices link with either the administration section or with the warehouse. Approximately 4188m² of the entire property is currently used as a warehouse. The large warehouse comprises of loading docks at the entrance ramp followed by 2 double storey offices on either side of the roller shutter door. At the rear and side of the warehouse there are 3 more roller shutter doors. In this warehouse, there is approximately 2200m² of steel mezzanine levels which are serviced from various staircases and parcel shoots that surround it.

Site improvements include the security office, automated access gates, tarred driveways, the HR office block, shaded cloth parking bays and carport parking. There are 51 parking bays on site plus a carport for 2 additional motor vehicles. 500AMPS power is available.

Accommodation Details

As per the Sectional Title Plans, the gross lettable area is approximately 7 681m². As per our on-site measurements, we estimate the mezzanine levels to be approximately 2 200m². The mezzanine levels form part of the sale with the property.

Lease Details

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

Expenses

Rates

Unit 1 SS Manchester Park - The assessment rates for the year 2017/2018 amounts to R576 009.96, which equates to a monthly figure of R48 000.83

Unit 4 SS Manchester Park - The assessment rates for the year 2017/2018 amounts to R9 971.04, which equates to a monthly figure of R830.92

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, ADDITIONAL 1 MANCHESTER ROAD, PINETOWN, KZN 1318INFORMATION Old North Coast Road, Avoca (Continued)

Unit 11 SS Manchester Park - The assessment rates for the year 2017/2018 amounts to R1 713.96, which equates to a monthly figure of R142.83

Unit 12 SS Manchester Park - The assessment rates for the year 2017/2018 amounts to R11 211.00, which equates to a monthly figure of R934.25

Total Monthly Rates figure for all 4 units amounts to R49 908.83

Levies

Unit 1 SS Manchester Park - Levy amounts to approximately R34 705.75 per month - Ombuds levy amounts to approximately R40.00

Unit 4 SS Manchester Park - Levy amounts to approximately R602.53 per month - Ombuds levy amounts to approximately R2.05

Unit 11 SS Manchester Park - Levy amounts to approximately R35.44 per month - Ombuds levy Nil

Unit 12 SS Manchester Park - Levy amounts to approximately R327.85 per month - Ombuds levy Nil

The levies include items such as building insurance, garden maintenance, administration fees and common property fire equipment.

Vat Status

The Seller is Vat registered.

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TERMS & 1 MANCHESTER ROAD, PINETOWN, KZN 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 • 14 days Confirmation period – 11 July 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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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN

1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, TITLE DEED 1 MANCHESTER ROAD, PINETOWN, KZN (Continued) 1318 Old North Coast Road, Avoca

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UNITS 1, 4, 11 & 12 SS MANCHESTER PARK, SECTIONAL 1 MANCHESTER ROAD, PINETOWN, KZN 1318TITLE Old PLANS North Coast Road, Avoca

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