Property Information Pack

RESIDENTIAL FOR SALE DEVELOPMENT BY SITE AUCTION D682 ROAD (OFF THE R103), ROSETTA, KWAZULU NATAL MIDLANDS

WEB#: AUCT-000456 | www.in2assets.com ADDRESS: D682 Road (Off the R103), Rosetta, Kwa-Zulu Natal Midlands AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 25 July 2017 | 11h00 VIEWING: By Appointment CONTACT: Rob Pickering| 082 573 0418 | 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.

RESIDENTIAL DEVELOPMENT SITE, CONTENTS ROSETTA, KZN MIDLANDS 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 7

TERMS AND CONDITIONS 8

SG DIAGRAMS 9

TITLE DEED 12

LAND CLAIMS 15

ZONING CERTIFICATE 16

RULES OF AUCTION & CONDITIONS OF SALE 17

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 7: 24.07.2017 1

RESIDENTIAL DEVELOPMENT SITE, CPA LETTER ROSETTA, KZN MIDLANDS

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 7: 24.07.2017 2

RESIDENTIAL DEVELOPMENT SITE, PROPERTY ROSETTA, KZN MIDLANDS 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: D682 Road (off the R103), Rosetta, KwaZulu Natal Midlands

Township & Province: Farm Spring Vale, KwaZulu-Natal

Title deed information

Title Deed Number: T46768/2009

Registered Owner: North Star Properties (Pty) Ltd

Title Deed Description: The Remainder of Portion 95 of the Farm Spring Vale No. 2170

Extent: 7, 7903 Hectares

Municipal information

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

Town Planning Information

Zoning: Agricultural

Version 7: 24.07.2017 3

RESIDENTIAL DEVELOPMENT SITE, PROPERTY ROSETTA, KZN MIDLANDS 1318LOCATION Old North Coast Road, Avoca

The property enjoys a prime location in the suburb Rosetta. Rosetta is located between Nottingham Road and Mooi River. It forms part of the Natal Midlands which is a traditional farming community that has evolved over the past few years. Rosetta is located approximately 15km south of Mooi River.

The subject farm is located approximately 6km north of the Nottingham Road commercial centre and approximately 15km west of the N3 National Freeway. Access to the property is off the D682 road which links to the R103 Main Road. The neighbourhood comprises mostly of upmarket small holdings.

The Natal Midlands offers the Midlands Meander which is a cultural route which attracts locals and tourists. There are many hotels in the area, including the Nottingham Road Hotel. Most desired amenities are situated within the Nottingham Road village. There are many restaurants in the area and many holiday activities on offer. There are good schooling facilities in the area, including Clifton Preparatory school and Michaelhouse High School which is in the neighbouring suburb of Balgowan.

Directions: The turn off at Midlands Nursery which is just before Rosetta if you are travelling from Nottingham road towards Rosetta. Travel ± 500 m and the property will be on your right hand side which has exceptional views of the Drakensberg.

SUBJECT PROPERTY: The Remainder of Portion 95 of the Farm Spring Vale No. 2170

Version 7: 24.07.2017 4

RESIDENTIAL DEVELOPMENT SITE, PICTURE ROSETTA, KZN MIDLANDS 1318GALLERY Old North Coast Road, Avoca

Version 7: 24.07.2017 5

RESIDENTIAL DEVELOPMENT SITE, PICTURE ROSETTA, KZN MIDLANDS 1318GALLERY Old North Coast Road, Avoca (Continued)

Version 7: 24.07.2017 6

RESIDENTIAL DEVELOPMENT SITE, ADDITIONAL ROSETTA, KZN MIDLANDS 1318INFORMATION Old North Coast Road, Avoca

Primary use

This ± 7.7 Hectare site is the ideal residential development site within Rosetta, in the heart of the midlands. Currently there are no improvements on site but there is an electric perimeter fence around part of the property. The property has borehole water supply.

The Seller simultaneously with or within a reasonable time of the registration of transfer of the Property into the name of the Purchaser instructing the Conveyancer to register the following servitudes over and in favour of the adjoining Portions 314, 315, 316, 317 and 318 all of 94 of the farm Springvale No 2170 (together “The Adjoining Properties”):

Subject to a borehole servitude, pipeline servitude and water storage servitude in favour of the adjoining Properties to be registered in general terms permitting:

The drawing of water from the designated borehole on the Property and; The storage of water in suitable water holding tanks on the Property and; The transfer of water from the holding tank to the adjoining Properties.

The cost of maintaining the borehole pump and the pipeline to the holding tank and from the holding tank to the Property will be borne by the Purchaser and the owners of the adjoining Properties in equal shares.

The costs for registering such servitudes shall be borne by the Seller.

Property not subject to any land claims.

NB: No Building plans are available

Lease Details

The property will be sold with vacant occupation.

Expenses

The assessment rates for the year 2017/2018 amounts to R1,478.52, which equates to a monthly figure to R123.21.

Vat Status

The Seller is Vat Registered

Version 7: 24.07.2017 7

RESIDENTIAL DEVELOPMENT SITE, TERMS & ROSETTA, KZN MIDLANDS 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 – 26 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

Version 7: 24.07.2017 8

RESIDENTIAL DEVELOPMENT SITE, SG DIAGRAMS ROSETTA, KZN MIDLANDS 1318 Old North Coast Road, Avoca

Version 7: 24.07.2017 9

RESIDENTIAL DEVELOPMENT SITE, SG DIAGRAMS ROSETTA, KZN MIDLANDS (Continued) 1318 Old North Coast Road, Avoca

Version 7: 24.07.2017 10

RESIDENTIAL DEVELOPMENT SITE, SG DIAGRAMS ROSETTA, KZN MIDLANDS (Continued) 1318 Old North Coast Road, Avoca

Version 7: 24.07.2017 11

TITLE DEED RESIDENTIAL DEVELOPMENT SITE, ROSETTA, KZN MIDLANDS 1318 Old North Coast Road, Avoca

Version 7: 24.07.2017 12

RESIDENTIAL DEVELOPMENT SITE, TITLE DEED ROSETTA, KZN MIDLANDS (Continued) 1318 Old North Coast Road, Avoca

Version 7: 24.07.2017 13

RESIDENTIAL DEVELOPMENT SITE, TITLE DEED ROSETTA, KZN MIDLANDS (Continued) 1318 Old North Coast Road, Avoca

Version 7: 24.07.2017 14

LAND CLAIMS RESIDENTIAL DEVELOPMENT SITE, ROSETTA, KZN MIDLANDS 1318 Old North Coast Road, Avoca

Version 7: 24.07.2017 15

RESIDENTIAL DEVELOPMENT SITE, ZONING ROSETTA, KZN MIDLANDS 1318CERTIFICATE Old North Coast Road, Avoca

Version 7: 24.07.2017 16