Industrial Park 10 Units, 4 Rodger Sishi (Blair Atholl) Road, New Germany

INDUSTRIAL PARK 10 UNITS, 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY

WEB#: AUCT-000559 | www.in2assets.com ADDRESS: 10 Units in SS Vizak Properties, 4 Rodger Sishi (Blair Atholl), Road, New Germany AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 21 November 2017 | 11h00 VIEWING: 15 November 2017 Between 14h00 And 15h00 CONTACT: Carl Kleinhans | 082 467 5664 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller

CONTENTS 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 7

TERMS AND CONDITIONS 10

TITLE DEED 11

SECTIONAL TITLE PLANS 31

ZONING CERTIFICATE 45

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 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 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 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: SS Vizak Properties, 4 Rodger Sishi (Blair Atholl) Road Township & Province: New Germany, Kwa-Zulu Natal

Title deed information

Scheme Unit No. Scheme Name Title Deed No. Regsitered Owner Extent Number/Year

1 SS Vizak Properties ST1127/2011 Vizak Properties CC 15/2011 216 m² 2 SS Vizak Properties ST1128/2011 Vizak Properties CC 15/2011 212 m² 3 SS Vizak Properties ST1129/2011 Vizak Properties CC 15/2011 277 m² 8 SS Vizak Properties ST1134/2011 Vizak Properties CC 15/2011 277 m² 9 SS Vizak Properties ST1135/2011 Vizak Properties CC 15/2011 210 m² 10 SS Vizak Properties ST1136/2011 Vizak Properties CC 15/2011 209 m² 11 SS Vizak Properties ST1137/2011 Vizak Properties CC 15/2011 205 m² 12 SS Vizak Properties ST1138/2011 Vizak Properties CC 15/2011 167 m² 13 SS Vizak Properties ST1139/2011 Vizak Properties CC 15/2011 167 m² 14 SS Vizak Properties ST27071/2013 Vizak Properties CC 215/2013 405 m²

All Erected on Erf: Erf 690 New Germany

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 Industrial F.A.R: 1.4 Coverage: 70 % Height: 6 Storeys Building Lines: 7.5 m Side Space: 3.0 m Rear Space: 3.0 m Parking Requirements: Depends on use

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4 RODGER SISHI (BLAIR ATHOLL) ROAD, PROPERTY NEW GERMANY 1318LOCATION Old North Coast Road, Avoca

The property is situated on the corner of Rodger Sishi (Blair Atholl) Road and Posselt Road which is on the north eastern border of the New Germany Industrial node. This node is set north of the Pinetown Central Business District. New Germany is a large industrial area which comprises a few suburbs within, such as Pineside, North Industria and Falcon Industrial Park. This node is set north of the M13 Metropolitan Road and the N3 National Freeway, however is bisected by the M19. Easy access to the property is obtained via the M19 Freeway which is approximately 1 km south of the property. The property is in close proximity to the newly announced C3 Corridor Project. The C3 Corridor is a section of transport infrastructure from the north of the city to Pinetown incorporating the Integrated Rapid Public Transport Network (IRPTN) that will link major residential areas. It is anticipated that after approval of the land use strategy for the C3 Corridor that developers will no longer need to apply for rezoning for any development along the corridor. There will be no fee or waiting period and no objection or appeal (Source: Highway Mail)

The neighbourhood is well established and comprises a mix of large scale industrial premises, light industrial, showroom and retail properties. The upmarket residential suburbs of Cowies Hill and Westville are to the east, whilst the middle income residential suburbs are directly north. The node is fully developed. The Pinetown city centre separates the subject industrial node from the Westmead industrial node, just west of the city. Both industrial locations are highly sought after and are considered prime industrial land within the eThekweni Municipality. All modern amenities and public services are located in Pinetown Central.

SUBJECT SCHEME: SS Vizak Properties, 4 Rodger Sishi Road, New Germany

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PICTURE 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 1318GALLERY Old North Coast Road, Avoca

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PICTURE 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 1318GALLERY Old North Coast Road, Avoca (Continued)

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4 RODGER SISHI (BLAIR ATHOLL) ROAD, ADDITIONAL NEW GERMANY 1318INFORMATION Old North Coast Road, Avoca

Primary use

This Sectional Title Scheme known as SS Vizak Properties comprises of 14 units split amongst three buildings. SS Vizak Properties is exposed to high levels of vehicular traffic as it is positioned at the corner of the busy intersection of Rodger Sishi (Blair Atholl) Road and Posselt Road. The property is positioned approximately 200m from the new M5 Freeway.

Units 1, 2 and 3 are being used as mini factories and each unit is accessed by roller shutter doors. These units have the advantage of full exposure to Rodger Sishi Road and are accessed directly from Rodger Sishi Road.

Units 8, 9, 10, 11, 12 and 13 are mini factory units with each unit having access via a roller shutter door. The units enjoy access from both Rodger Sishi Road and from Posselt Road.

Unit 14 is a large double volume warehouse/factory with and office section. It has a height of approximately 9 metres and accessed via a large roller shutter door. This unit has the advantage of having easy access via a roller gate from Posselt Road.

Adjacent to unit 1 is an open area of approximately 290 m2 with a concrete floor and small office, which according to the seller may be utilised to extend the sectional title scheme. The seller has indicated that he is willing to include the said area in the sale at no extra cost, should all the units be acquired by one purchaser.

Site improvements include a paved and concreted yard areas and boundary walls.

Accommodation Details

As per the Sectional Plan, the approximate GLA is as follows:

Unit 1 216 m² Unit 2 212 m2 Unit 3 277 m2 Unit 8 277 m2 Unit 9 210 m2 Unit 10 209 m2 Unit 11 205 m2 Unit 12 167 m2 Unit 13 167 m2 Unit 14 405 m2 Total 2345 m2

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ADDITIONAL 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 1318INFORMATION Old North Coast Road, Avoca

Lease Details

Basic Rental Annual Rental Unit Floor Tenant Name (Excluding Vat) (Excluding Vat) Unit 1 Ground B1 T & S Motors R 10 045.00 R 120 540.00 Unit 2 Ground B1 Low Works R 12 893.00 R 154 716.00 Unit 3 First B1 Olympus Building Supplies R 11 500.00 R 138 000.00 Unit 8, 12 & 13 Various CKT Plastics R 25 300.00 R 303 600.00 Unit 9 L/Ground B1 Vacant R 10 000.00 R 120 000.00 Unit 10 L/Ground B1 Vacant R 10 000.00 R 120 000.00 Unit 11 L/Ground B1 Shangaze Panel Beaters R 9 500.00 R 114 000.00 Unit 14 Ground B3 Rose Touch Toilet Tissue R 16 500.00 R 198 000.00 R 105 738.00 R 1 268 856.00

Comments

 The above lease schedule was provided by the Seller. We are not yet in possession of the signed lease agreements.  As per the Seller, all units apart from Unit 3, are on a month to month basis. In respect of Unit 3, there is a long term lease agreement in place which expires in 2018. The Seller is unable to provide us with a copy of the signed lease agreement.  In2Assets Property Specialists cannot verify the accuracy of the information provided by the Seller.  All tenants pay a portion of the rates. Each unit has prepaid electricity metres and separate water metres.

Expenses

The assessment rates for the year 2017/2018 amount to the following:

Monthly Annual Unit No. Rates Rates Unit 1 R 2 214.50 R 26 574.00 Unit 2 R 2 188.75 R 26 265.00 Unit 3 R 2 703.75 R 32 445.00 Unit 8 R 2 703.75 R 32 445.00 Unit 9 R 2 163.00 R 25 956.00 Unit 10 R 2 163.00 R 25 956.00 Unit 11 R 2 111.50 R 25 338.00 Unit 12 R 1 725.25 R 20 703.00 Unit 13 R 1 725.25 R 20 703.00 Unit 14 R 4 500.00 R 54 000.00 R 24 198.75 R 290 385.00

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ADDITIONAL 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 1318INFORMATION Old North Coast Road, Avoca (Continued)

Comments

 The Total monthly Rates amounts to R 24 198.75  The Total Annual Rates amounts to R 290 385.00

The property does not have a body corporate formed and therefore no levies area applicable.

Vat Status

The Seller is Vat Registered – Option to Zero Rate transaction

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TERMS & 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 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 – 22 November 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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TITLE DEED 4 RODGER SISHI (BLAIR ATHOLL) ROAD, NEW GERMANY 1318 Old North Coast Road, Avoca

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