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Property Information Pack IDEAL FOR SALE POTENTIAL BY PETROL STATION AUCTION SITE 404 LORD CALEDON STREET, PALM BEACH, KZN SOUTH COAST WEB#: AUCT-000506 | www.in2assets.com ADDRESS: 404 Lord Caledon Street, Palm Beach, KwaZulu Natal South Coast AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 23 August 2017 | 11h00 VIEWING: By Appointment CONTACT: Andrew Miller| 082 493 2362 | 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. 404 LORD CALEDON STREET, PALM CONTENTS BEACH, KWAZULU NATAL SOUTH COAST 1318 Old North Coast Road, Avoca CPA LETTER 2 PROPERTY DESCRIPTION 3 PROPERTY LOCATION 5 PICTURE GALLERY 6 ADDITIONAL INFORMATION 7 TERMS AND CONDITIONS 8 SG DIAGRAMS 9 LAYOUT PLAN 12 NEWSPAPER ARTICLE – NEW N2 INTERCHANGE 13 ZONING CERTIFICATE 14 LAND CLAIMS LETTER 17 TITLE DEEDS 18 RULES OF AUCTION & CONDITIONS OF SALE 34 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. Version 5: 22.08.2017 1 CPA LETTER 404 LORD CALEDON STREET, PALM BEACH, KWAZULU NATAL SOUTH COAST 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. Version 5: 22.08.2017 2 PROPERTY 404 LORD CALEDON STREET, PALM BEACH, KWAZULU NATAL SOUTH COAST 1318DESCRIPTION Old North Coast Road, Avoca General Property Address: 404 Lord Caledon Street, Township & Province: Palm Beach, KwaZulu-Natal Title deed information – Property 1 Title Deed Number: T72830/2002 Registered Owner: Terence Rowland Lawrence Tubb Title Deed Description: Erf 403 Palm Beach Extent: 2 108 m² Title deed information – Property 2 Title Deed Number: T1189/2003 Registered Owner: Terence Rowland Lawrence Tubb Title Deed Description: Erf 404 Palm Beach Extent: 2 810 m² Title deed information – Property 3 Title Deed Number: T1189/2003 Registered Owner: Terence Rowland Lawrence Tubb Title Deed Description: Erf 405 Palm Beach Extent: 3 140 m² Total Extent: 8 058 m² Version 5: 22.08.2017 3 PROPERTY 404 LORD CALEDON STREET, PALM BEACH, KWAZULU NATAL SOUTH COAST 1318DESCRIPTION Old North Coast Road, Avoca (continued) Municipal information The local authority in which the property is situated is Ray Nkoyeni Municipality. According to the permitted zoning scheme the properties is zoned as follows: Town Planning Information Zoning: Residential Only 2 F.A.R: 0.3 Coverage: 30% Height: 2 Storeys Building Lines: 7.5m Side: 3m Rear: 3m Parking: Depends on use Version 5: 22.08.2017 4 PROPERTY 404 LORD CALEDON STREET, PALM BEACH, KWAZULU NATAL SOUTH COAST 1318LOCATION Old North Coast Road, Avoca Palm Beach is a seaside town in Ugu District Municipality in the KwaZulu-Natal province of South Africa. Palm Beach is on the south bank of the Mpenjati River which enters the Indian Ocean at the Mpenjati Nature Reserve. Palm Beach is positioned approximately 12km north of Port Edward and some 30km south of Port Shepstone. Palm Beach not only has one of the most beautiful beaches on the coast with its own natural tidal pool and estuary that offers some wonderful swimming and windsurfing opportunities and attracts local fishermen, but it also borders the Mpenjati Nature reserve, which means an incredible bird life is attracted to the area and little development has been allowed to spoil the neighbourhood. The Mpenjati Nature Reserve surrounds the Mpenjati River lagoon and extends some 500 metres out to sea in order to protect the unique fossil found in the area. Palm Beach is 18km from Margate, which is a huge draw card to the area and the Wild Coast popular casino is just across the Mtamvuma River from Palm Beach. The R61 Main Road is an extension of the N2 Freeway from Port Shepstone towards Port St Johns. The properties are positioned just west of the R61 Main Road. Lord Caledon Street is set approximately 200m from the main road and the properties are approximately 350m from the R61. The proposed new bridge to and from Munster and Izingolweni will be developed in the immediate south western border of the properties. SUBJECT PROPERTY: 404 Lord Caledon Street, Palm Beach, KwaZulu-Natal South Coast Version 5: 22.08.2017 5 404 LORD CALEDON STREET, PALM PICTURE BEACH, KWAZULU NATAL SOUTH COAST 1318GALLERY Old North Coast Road, Avoca Version 5: 22.08.2017 6 ADDITIONAL 404 LORD CALEDON STREET, PALM BEACH, KWAZULU NATAL SOUTH COAST 1318INFORMATION Old North Coast Road, Avoca Primary use Potential Petrol Service Station Site The site in extent of 8 058 m² is the ideal development opportunity site for a petrol station (with special consent from the Municipality) due to the proposed development of the new bridge to and from Munster (coast) to Izingolweni (inland). This new bridge will link to the new roads that will be developed inland as a result of the approved development of the mega bridges over the Msikaba and Mtentu Rivers. Access and side roads to the mega bridges have already begun. The new bridge adjacent to the subject properties will be a prime interlink between the N2 and R61. Note that SANRAL will acquire a small portion of the site in extent of 435 m² (287 m² from Erf 404 Palm Beach & 148 m² from Erf 403 Palm Beach). Other Developments Percolation Tests and Environmental Assessments have been undertaken by professional engineers and by the seller respectively. There are approved plans available for the development of a boat and carport building (170 m²) on Erf 403 Palm Beach; a residence (113 m²) on Erf 404 Palm Beach and a residence (113 m²) on Erf 405 Palm Beach. The Site There is currently a boat shed on site that is included in the sale. There are buck, small duiker, bird life and some natural wildlife that roam the site. The electric fencing on site is not in working order due to the cables being stolen. There is a high pressure line (3x32mm) water supply off Beit Road. As per the Seller, the Land Claims for the site have been uplifted and are not valid. The Seller has the option to apply for the sites to be expropriated, and should the Minister of Transport approve, SANRAL would pay full price for the sites. As per the Title Deed Erf 403 Palm Beach, Erf 404 Palm Beach and Erf 405 Palm Beach, shall not be alienated, transferred, leased, mortgaged or otherwise dealt with the one separate from the other. Lease Details The site is currently vacant land with no leases in place.
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