Commercial Development Land 55 Main Road, Shelly Beach Business Park

COMMERCIAL DEVELOPMENT LAND 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK

WEB#: AUCT-000535 | www.in2assets.com ADDRESS: 55 Main Road, Shelly Beach Business Park AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 24 October 2017 | 11h00 VIEWING: By Appointment CONTACT: Luke Hearn | 071 351 8138 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller

55 MAIN ROAD, SHELLY BEACH CONTENTS BUSINESS PARK 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 6

TERMS AND CONDITIONS 7

SHELLY BUSINESS PARK SITE DIAGRAM 8

SG DIAGRAMS 9

ZONING CERTIFICATE 11

BODY CORPORATE RULES 15

GUIDELINES AND REQUIREMENTS FOR THE DEVELOPMENT OF BUSINESS PARK/OFFICE SITES 27

TITLE DEED 31

RULES OF AUCTION & CONDITIONS OF SALE 35

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 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 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 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: 55 Main Road, Shelly Beach Business Park

Township & Province: Shelly Beach, KwaZulu-Natal

Title deed information

Title Deed Number: T21711/2016

Registered Owner: Letisat (Pty) Ltd

Title Deed Description: Erf 2071 Shelly Beach

Extent: 844 m2

Municipal information

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

Town Planning Information

Zoning: Special Zone 24

F.A.R: 0.60

Coverage: 50%

Height: 2 Storeys

Building Lines: 3m

Side: 2.5m

Rear: 2.5m

Parking: Depends on use – See enclosed zoning certificate

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PROPERTY 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318LOCATION Old North Coast Road, Avoca

Shelly Beach is a seaside town in the Hibiscus Coast district in KwaZulu-Natal province of South Africa. Shelly Beach is situated approximately 8 km north of Port Shepstone and 7km south of Margate. The South Coast Mall / Shelly Beach Centre is also located in Shelly Beach which creates an excellent commercial node.

Access to Shelly Beach is via the R61 Main Road. The R61 Main Road is an extension of the N2 Freeway from Port Shepstone towards Port St Johns. The property is situated just west of the R61 Main Road and in close proximity to South Coast Mall as well as Multiple Motor Dealerships such as, SMG South Coast BMW Dealership and Halfway Toyota Shelly Beach.

Due to the property being in close proximity to the South Coast Mall, modern facilities and amenities are easily accessible.

SUBJECT PROPERTY: 55 Main Road, Shelly Beach Business Park

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55 MAIN ROAD, SHELLY BEACH PICTURE BUSINESS PARK 1318GALLE Old NorthRY Coast Road, Avoca

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ADDITIONAL 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318INFORMATION Old North Coast Road, Avoca

Primary use

The property is located in an area that can be described as being rife with commercial activity and appears to be a high demand node with the presence of many Motor Car dealers being noted, this would mean good returns to both end-user owners and developers / investors alike.

Shelly Business Park is an upmarket business estate, which is home to the South Coasts premier commercial operations. Over R750 million has been invested into the new development node, with South Coast Mall, Mercedes Benz, Toyota, Avis, HINO and BMW all within close proximity. More recently, General Motors has completed construction of their new service centre and showroom.

The property in extent of 844 m² enjoys prime location as well as ease of access from the R61, which gives it the advantage of being developed into a commercial/corporate development or blue chip corporate administrative offices. The location benefits greatly as it enjoys unhindered visibility directly from the towns busiest highway.

According to the seller the property is serviced with essential infrastructure and amenities such as water, sewer and electricity.

The property forms part of the Shelly Beach Business Park Management Association as per the Title Deed.

The property is subject to various servitudes as per the Title Deed and not subject to any Land Claims.

Lease Details

The site is currently vacant land with no leases in place.

Expenses

The assessment rates for the year 2017/2018 amounts to R 18 718.30, which equates to a monthly figure of R 1 871.83.

Levy – The monthly levy payable amounts to R 58.00pm.

Vat Status

The Seller is Vat Registered.

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TERMS & 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 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 & Gas certificates are for the Sellers account • Purchaser is required to become a member of the Shelly Beach Business Park Management Association

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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SHELLY BUSINESS 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318PARK Old SITE North Coast Road, Avoca DIAGRAM

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SG DIAGRAMS 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318 Old North Coast Road, Avoca

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SG DIAGRAMS 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK

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ZONING 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318CERTIFICATE Old North Coast Road, Avoca

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BODY 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318CORPORATE Old North Coast Road, Avoca RULES

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GUIDELINES FOR 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318SHELLY Old North BEACH Coast Road, Avoca BUSINESS PARK

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GUIDELINES FOR 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318SHELLY Old North BEACH Coast Road, Avoca BUSINESS PARK

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GUIDELINES FOR 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318SHELLY Old North BEACH Coast Road, Avoca BUSINESS PARK

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GUIDELINES FOR 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318SHELLY Old North BEACH Coast Road, Avoca BUSINESS PARK

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TITLE DEED 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318 Old North Coast Road, Avoca

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TITLE DEED 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK (Continued)) 1318 Old North Coast Road, Avoca

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TITLE DEED 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK

(Continued) 1318 Old North Coast Road, Avoca

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TITLE DEED 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK (Continued) 1318 Old North Coast Road, Avoca

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RULES OF 55 MAIN ROAD, SHELLY BEACH BUSINESS PARK 1318AUCTION Old North & Coast COS Road, Avoca

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