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2 Beechgate Crescent, Umbogintwini INFORMATION MEMORANDUM Industrial Property and/or Redevelopment Opportunity For Sale by Open Tender Tender close - 31st July 2018 Decommissioned Titanium Dioxide Plant 2 Beechgate Crescent, Umbogintwini OWNERS: EXCLUSIVELY APPOINTED BROKERS: Broll Property Group Anthon van Weers | 082 466 9907 | [email protected] Venator Africa (Pty) Ltd Frank Reardon | 083 284 9119 | [email protected] TABLE OF CONTENTS 2 BEECHGATE CRESCENT (AKA 1 LODESTAR AVE) UMBOGINTWINI PROPERTY SUMMARY AND DESCRIPTION 1. LOCALITY 2 PROPERTY DESCRIPTION 3 TITLE AND OWNERSHIP 4 TOWN PLANNING AND MUNICIPAL INFORMATION 5 LOCATIONAL ANALYSIS 6 CONFIDENTIALITY AND DISCLAIMERS THE OPPORTUNITY Venator Materials Corporation has terminated all of its manufacturing activities at its Umbogintwini site and now wishes to present the land and assets for sale by tender. The property comprises 28.7504 hec- tares situated in the prime Durban South industrial basin . The land is zoned as General Industrial except for approximately 2.2 hectares zoned as Private Open Space. The site also includes +- 8ha of land registered under the eThekwini Municipality’s Durban Metro- politan Open Space System (DMOSS). The site was commissioned in 1962 and used for the manufacture of titanium dioxide pigments and syn- thetic gypsum (calcium sulphate). Manufacturing ceased in 2016. Its large electricity and other utilities/services supply make the site ideal for manufacturing. Its strong lo- cation in one of Africa's premier industrial nodes also augur well for the redevelopment of the site. The areas that could be re-developed immediately are +- 19 ha being areas B and C in the below table. Subject Area Size in ha A Land under DMOSS 8ha B Levelled Platforms 16ha C Not Levelled Area 3,3ha D Private Open Space 2,2ha PROPERTY SUMMARY 1. LOCALITY (See ANNEXURE A) Property Address: 2 Beechgate Crescent-Registered 1 Lodestar Avenue-Street Suburb and City: Umbogintwini, Amanzimtoti Local Authority: eThekwini Municipality Province: Kwa-Zulu Natal Country: South Africa PROPERTY DESCRIPTION AND 2. SERVICES The subject property’s erf is a partly improved industrial property that used to accommodate Venator Africa (Pty) Ltd) KwaZulu Natal (South Africa) Industrial facility with approximately 40,000m² of factory space and 3,000m² of office / administration. It lies in the Umbogintwini Industrial Complex adjacent to Southgate In- dustrial Park and includes a rail siding. Access to the property is via rail and road. The following utility services are supplied either by Acacia Operations Services or other providers: Electricity, Water, Security, Inorganic Effluent Treatment, Sanitation, Steam, Rail, Park Services, Effluent Pipeline, Me- thane Rich Gas and Sulphuric Acid Supply. Electricity is supplied directly from eThekwini Municipality; the site infrastructure is as follows: 3. TITLE AND OWNERSHIP Certificate of Registered Title: T13413/1977 Property Description: Rem of Portion 2108 Umlazi Location No. 4676 Registered Owner: Venator Africa (Proprietary) Limited No. 1957/002981/07 PROPERTY SUMMARY TOWN PLANNING AND 4. MUNICIPAL INFORMATION Zoning: Split Zone - General Industrial and Private Open Space In terms of the current Town Planning Scheme, the subject property has the following controls and restrictions pertaining to General Industry : Zoning: General Industrial FAR / Bulk 1,0 Coverage 80% Minimum Property Size 900m² Maximum Height 4 Storeys Building Line Front—7,5m/side & Rear - 3m Light & general industrial, Primary Permitted Use warehouse, workshop, service industrial Part of the subject property is zoned Private Open Space, namely a near rectangular, near level section adjacent to Southgate Business Park comprising ex-sports fields, earth hardened fill, sports pavilion and precast concrete palisade boundary fencing. The estimated extent of this portion is 22,210m² (2,2210ha) The property is described as REM of Portion 2108 of Umlazi Location No. 4676. The rates tariff for the year to 30 June 2018 and applicable to the above valuation is 3.09 cents in the Rand on a Rateable Value of R84,900,000.00. Rates are invoiced monthly at R218,617.50 PROPERTY SUMMARY 5. LOCATIONAL ANALYSIS The subject property is a large, partly improved erf situated within the secure Umbogintwini Industrial Com- plex that lies 30 kilometres south of Durban’s central business district and 5 kilometres north of Amazimtoti’s village centre and beachfront. It is approximately 20 kilometres from Durban Harbour, Africa’s largest/busiest port. The Umbogintwini Industrial Complex lies between Southgate Industrial Park to the south; Kingsway residential suburb and beachfront to the south-east and Prospecton Industrial Park to the north east. The subject property’s location affords easy access to one of South Africa’s most important industrial nodes and is a few kilometres North of the newly established Automotive Hub, a designated special Economic Zone. The nearest arterial is the (N2) Durban to Port Edward National Road (South Coast Highway/ Toll Road) situated 3½ kilometres from the subject property via the Dickens Road freeway off-ramp. The ex-Durban International Airport lies 9 kilometres north of the subject property. 6. CONFIDENTIALTY AND Confidentiality: This document is strictly private and confidential and is not for circulation or publication. The information outlined herein is for the benefit and information of the person/company to whom this document is addressed and is deemed to have accepted responsibility for ensuring that the confidentiality and integrity of this document will be maintained at all times. Disclaimer: Whilst every effort has been made to ensure that the above information is accurate, Broll Property Group (Pty) Ltd or the Sellers do not accept any responsibility for consequences resulting from any errors or omissions which may have occurred in compiling this information. ANNEXURE A - LOCALITY ANNEXURE A - LOCALITY ANNEXURE J - PHOTOS Yard, Storage Tanks and Factory Interior ANNEXURE J - PHOTOS Storage with Rail Siding Administration Block ANNEXURE J - PHOTOS Aerial View Main Factory Buildings .
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