Executive Multi-Level Residence with Fantastic Sea Views 7 Osborne Drive, Salt Rock

EXECUTIVE MULTI-LEVEL RESIDENCE WITH FANTASTIC SEA VIEWS 7 OSBORNE DRIVE, SALT ROCK

WEB#: AUCT-000734 | www.in2assets.com ADDRESS: 7 Osborne Drive, Salt Rock AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 21 August 2018 | 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

CONTENTS 7 OSBORNE DRIVE, SALT ROCK 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 11

TERMS AND CONDITIONS 13

SG DIAGRAM 14

TITLE DEED 15

ZONING CERTIFICATE 26

BUILDING PLANS 33

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 7 OSBORNE DRIVE, SALT ROCK

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 7 OSBORNE DRIVE, SALT ROCK 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: 7 Osborne Drive

Township & Province: Salt Rock, KwaZulu-Natal

Title deed information

Title Deed Number: T53685/2007

Title Deed Description: Portion 722 of the Farm Lot 61 No. 1521

Registered Owner: Erf 63 Salt Rock CC

Extent: 2 248 m²

Municipal information

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

Town Planning Information

Zoning: Residential Only Detached 6

F.A.R: 0.35

Coverage: 30%

Height: 2 Storeys (8m)

Building Lines: 7.5m

Side: 2m

Rear: 2m

Parking: Please refer to Zoning Certificate enclosed on pages 26 to 32 below.

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PROPERTY 7 OSBORNE DRIVE, SALT ROCK 1318LOCATION Old North Coast Road, Avoca

Salt Rock is a small town just north of Ballito and Shaka's Rock on the Dolphin Coast of KwaZulu-Natal, South Africa. It is a favorite holiday destination for many local South Africans. Its beaches are filled with warm water and littered with tidal pools which make Salt Rock a great holiday destination or even a permanent living area. It is positioned about 40 minutes north of Durban and approximately 10- minute drive from King Shaka International Airport. Salt Rock is named after the salt deposits collected at low tide by King Shaka's Zulu maidens.

The property is positioned at 7 Osborne Road, Salt Rock and is surrounded by upmarket freestanding and sectional title residential dwellings/complexes. Osborne Road links to Salt Rock Drive/Basil Hullet Drive which provides easy access to the N2 Freeway, approximately 2.7km away from the property. Osborne Drive is two roads parallel to the sea and the property is within walking distance to the beach, comprising a privately accessed walkway to the beach.

The Tiffany’s Shopping Centre is position approximately 2.7km from the property and various upmarket restaurants, coffee shops, hotels and beach clubs are situated within walking distance. There are many recognized tertiary institutions and schools situated within close proximity to Salt Rock.

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PICTURE 7 OSBORNE DRIVE, SALT ROCK 1318GALLERY Old North Coast Road, Avoca

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PICTURE 7 OSBORNE DRIVE, SALT ROCK 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 7 OSBORNE DRIVE, SALT ROCK 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 7 OSBORNE DRIVE, SALT ROCK 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 7 OSBORNE DRIVE, SALT ROCK 1318GALLERY Old North Coast Road, Avoca (Continued)

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PICTURE 7 OSBORNE DRIVE, SALT ROCK 1318GALLERY Old North Coast Road, Avoca (Continued)

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ADDITIONAL 7 OSBORNE DRIVE, SALT ROCK 1318INFORMATION Old North Coast Road, Avoca

Primary use

This truly special and executive home built to the highest standards, offers elegance and comfort for a relaxed family lifestyle. The architecture strikes a balance between luxury and contemporary styles producing a comfortable homely feel. This spectacular modern, light and bright home with undivided spaces, with an elevated sea facing aspect, has a feel of livable and eclectic nature.

Impressive from the approach, you enter the home through an innovative stainless steel 4-man elevator into the first or second floor, or otherwise through a double volume entrance hall via a glamourous staircase.

The first floor has been designed as an entertainer’s haven for thrilling conversations around an indoor garden feature that blurs the boundaries between indoor and outdoor. The various living areas with the large windows provide plenty of natural light, thus infusing it with a sense of cheerful spaciousness. The 180˚ Sea views from each level of the house plays a key role with interiors color palette. Most of the living areas offers stack back doors to ensure an open carefree lifestyle. The dining room leads out onto a generous extended undercover patio area. The modern sleek kitchen comprises stainless steel “cabinet” frames with tidy corners and has a minimalist appearance. The kitchen houses the walk in cold room and wine freezer. The Mediterranean styled en-suite to the guest bedroom can be accessed from the pool’s terrace.

The second floor comprises of TV lounge/Study and two bedrooms with wrap around balconies. The bedrooms with the Mediterranean styled bathrooms, breathtaking sea views and bright walls expand the modern rooms and overall create a beautiful design. The second floor has direct access from the entrance of the property.

The ground floor comprises two bedrooms with Mediterranean styled en-suites, with each bedroom opening out the landscaped gardens.

The entertainment room overlooks the sparkling pool with its decorative waterfalls which makes it majestic and freeform. The double garage on street level (Osborne Drive) houses a secure sound proof 65 KVA generator which cuts in automatically (4-5 seconds after a power cut) and this generator services all the appliances including the air-conditioners.

The home has been designed in an eco-friendly manner. The entire home with its appliances as well as the fire place are gas operated. There are six gas cylinders and every three to four months 3 cylinders are rotated and refilled. The home has an automated smart house system with control panels to adjust light settings at other parts of the home. The home is secured with CCTV camera systems and external beams throughout the property. There are 4 x 20000 litre JOJO tanks positioned at one part of the property. The roof of the home has double rain runners and rain water is collected in the JOJO tanks which are filtered and converted to pure water which is then fed to the entire property, providing the home with an independent off the grid water supply. The pool water is back washed, filtered and used as maintenance water. The property will be sold with the generator, 4 x JOJO tanks and the CCTV Cameras. The other movable assets do not form part of the sale and can be negotiated with the purchaser on a separate transaction, upon a successful sale of the property.

The property is subject to a right of way servitude as per the SG Diagram. As per the Seller, there is a pathway that belongs to the property which is used by the neighboring site to access the beach.

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ADDITIONAL 7 OSBORNE DRIVE, SALT ROCK 1318INFORMATION Old North Coast Road, Avoca

(Continued)

Accommodation Details

As per copies of the approved building plans, the gross building area is approximately 597 m². This extent excludes the basement/ground level, which is approximately 210 m² as per the building plans.

Building Plans

The purchaser acknowledges herewith that he has fully acquainted himself with the improvements on the property as well as the building plans and any deviations that may be applicable between the building plans and the improvements on the property itself.

Lease Details

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

Expenses

The assessment rates for the year 2018/2019 amounts to R22 219.67, which equates to a monthly figure of R2 019.97

Vat Status

The Seller is not Vat Registered, transfer duty will be payable.

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TERMS & 7 OSBORNE DRIVE, SALT ROCK 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 plus 15 % Vat payable by the Purchaser on the fall of the hammer • 24 Hours Confirmation period – 22 August 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

OFF THE MR385 MAIN ROAD / MTHOKO MKHIZE ROAD, HAMMARSDALE

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SG DIAGRAM 7 OSBORNE DRIVE, SALT ROCK

1318 Old North Coast Road, Avoca

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TITLE DEED 7 OSBORNE DRIVE, SALT ROCK 1318 Old North Coast Road, Avoca

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