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7-13 Fayers Place, Isipingo, Durban Industrial INDUSTRIAL PROPERTY WITH 3 WAREHOUSES 7-13 FAYERS PLACE, ISIPINGO, DURBAN WEB#: AUCT-000590 | www.in2assets.com ADDRESS: 7-13 Fayers Place, Isipingo, Durban AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 21 February 2018 | 11h00 VIEWING: By Appointment CONTACT: Rainer Stenzhorn| 082 321 1135 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller CONTENTS 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318 Old North Coast Road, Avoca CPA LETTER 2 PROPERTY DESCRIPTION 3 PROPERTY LOCATION 5 PICTURE GALLERY 6 ADDITIONAL INFORMATION 11 TERMS AND CONDITIONS 14 TITLE DEED 15 SG DIAGRAMS 29 BUILDING PLANS 34 ZONING CERTIFICATES 39 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 4: 19.02.2018 1 CPA LETTER 7-13 FAYERS PLACE, ISIPINGO, DURBAN 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. Version 4: 19.02.2018 2 PROPERTY 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318DESCRIPTION Old North Coast Road, Avoca General Property Address: 7-13 Fayers Place Township & Province: Isipingo, KwaZulu-Natal Title deed information – Property 1 Title Deed Number: T47278/2007 Registered Owner: Casimir Investments (Pty) Ltd Title Deed Description: The Remainder of Erf 493 Isipingo Extent: 7 539 m² Known as: 7 Fayers Place, Isipingo Title deed information – Property 2 Title Deed Number: T57430/2006 Registered Owner: Casimir Investments (Pty) Ltd Title Deed Description: Erf 1607 Isipingo Extent: 2 303 m² Known as: 13 Fayers Place, Isipingo Combined Extent: 9 842 m² Version 4: 19.02.2018 3 PROPERTY 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318DESCRIPTION Old North Coast Road, Avoca (Continued) Municipal information The local authority in which the properties are situated is eThekwini Municipality. According to the permitted zoning scheme the properties are zoned as follows: Town Planning Information Zoning: Light Industrial F.A.R: 1, 25 Coverage: 80% Height: 5 Storeys Building Lines: 7.5m Side Space 3.0m Side Space 3.0m Parking: Depends on use Version 4: 19.02.2018 4 PROPERTY 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318LOCATION Old North Coast Road, Avoca The property is located in Fayers Place (a cul-de-sac) which is just off (Old South Coast Road) in Isipingo which is an established industrial area. Old South Coast Road links up to the M35 to the south which further links up to Prospecton and the N2 Highway. Service outlets such as Filing stations, Shopping malls (Galleria) and other new commercial developments are within reasonable close proximity to the property. This locality is ideal for industrial purposes as it is in close proximity to many major routes including the M4 which would ferry vehicles to the Durban Central Business District, and to points of transport such as Rail and the Durban Harbour. Numerous national and large corporate tenants occupy the Prospecton (in close proximity to the subject) node viz. Toyota, CHC, Air Liquide, Trident Steel, Gud Filters, Mannesman Demag, Fascor, Edcon, Durban South Toyota and Natal Motor Industries to name a few. Prospecton Industrial is currently still sought after within eThekwini and comprises a combination of light industrial, warehousing and manufacturing type properties. The surrounding residential suburbs of Isipingo Rail, Amanzimtoti, Wentworth, Umlazi, Lamontville, Merewent and Umbogintwini are located within close proximity to the area. The property is well served with public transportation, with a taxi rank and Pelgrim train station located within a radius of 500metres and on the bus route. The Prospecton area as well as the subject locality has become sought after as the old Durban International Airport site has been purchased by Transnet for R1.8 billion with the intention of developing a dug out port on the site. The port will comprise 16 container berths built in four phases, five automotive berths and four bulk liquid berths. The estimated cost of the project is R100-billion over the next 30 years. SUBJECT PROPERTY: 7-13 Fayers Place, Isipingo, Durban Version 4: 19.02.2018 5 PICTURE 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318GALLERY Old North Coast Road, Avoca . Version 4: 19.02.2018 6 PICTURE 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318GALLERY Old North Coast Road, Avoca (Continued) Version 4: 19.02.2018 7 PICTURE 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318GALLERY Old North Coast Road, Avoca (Continued) Version 4: 19.02.2018 8 PICTURE 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318GALLERY Old North Coast Road, Avoca (Continued) Version 4: 19.02.2018 9 PICTURE 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318GALLERY Old North Coast Road, Avoca (Continued) Version 4: 19.02.2018 10 ADDITIONAL 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318INFORMATION Old North Coast Road, Avoca Primary use This industrial property enjoys easy access directly off Fayers Place which is off Old South Coast Road. The driveway/yard from the main gate to just before the office block does not form part of the property. The site is almost rectangular in shape and with a level to gentle sloping contour. Site services include electrical power supply, water reticulation, data and telecommunication and waterborne sewage disposal. There is a substation on the property. The property comprises of 3 industrial warehouses, the office block and plenty of yard space for heavy duty vehicles to maneuver easily. Warehouse 1 This warehouse is accessed via 2 roller shutter doors (±4.5m high each) off the driveway. Access can also be obtained via a pedestrian door. The warehouse has excellent height (±12m) and comprises change rooms with showers and ablution facilities. There is a container that is used as an office, however this container does not form part of the sale. The walls are constructed of plastered and painted brick with Colomet and translucent sheeting. The frame is both concrete and timber frame structures with a pitched roof covered by way of asbestos with raised monitors. The floor is concrete. Sufficient natural light is offered by way of the translucent sheeting coupled with the industrial framed windows. Artificial lighting is offered by way of sodium vapour and fluorescent light fittings. The two roller shutter doors with a good height clearance allow the movement of large equipment, machinery and goods to and from the building. The building benefits further from a sprinkler system. The northern side has a lean-to which borders onto the neighbouring property. Warehouse 2 This warehouse is accessed via a roller shutter door (±6m high) and has excellent height (±12m) allowing the movement of large equipment, machinery and goods to and from the building. It comprises change rooms with showers and ablution facilities. It further comprises of 4 gantry cranes, however the beams and gantry cranes does not form part of the sale and only the rails form part of the sale. The warehouse comprises a double storey office section at one corner. The walls are constructed of plastered and painted brick with Colomet and translucent sheeting. The frame is both concrete and steel frame structure with a pitched roof. The floor is concrete. Sufficient natural light is offered by way of the translucent sheeting coupled with the industrial framed windows. Artificial lighting is offered by way of sodium vapour and fluorescent light fittings. Version 4: 19.02.2018 11 ADDITIONAL 7-13 FAYERS PLACE, ISIPINGO, DURBAN 1318INFORMATION Old North Coast Road, Avoca (Continued) Warehouse 3 This warehouse is accessed via 3 roller shutter doors (±6m high for the main front) and has excellent height (±7m).
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