Residential Development Site Within Dube Trade Port Precinct 16 Alfred Street, Mount Moreland, Dube Tradezone

RESIDENTIAL DEVELOPMENT SITE WITHIN DUBE TRADE PORT PRECINCT 16 ALFRED STREET, MOUNT MORELAND, DUBE TRADEZONE

WEB#: AUCT-000532 | www.in2assets.com ADDRESS: 16 Alfred Street, Mount Moreland, Dube Trade Zone AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 24 October 2017 | 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

16 ALFRED STREET, MOUNT CONTENTS MORELAND, DUBE TRADEZONE 1318 Old North Coast Road, Avoca

CPA LETTER 2

PROPERTY DESCRIPTION 3

PROPERTY LOCATION 4

PICTURE GALLERY 5

ADDITIONAL INFORMATION 6

TERMS AND CONDITIONS 7

PROPOSED BUILDING PLANS 8

TITLE DEED 10

SG DIAGRAMS 14

LAND CLAIMS 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.

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16 ALFRED STREET, MOUNT CPA LETTER MORELAND, DUBE TRADE ZONE

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 endeavour to make this process as hassle free and efficient as possible.

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16 ALFRED STREET, MOUNT PROPERTY MORELAND, DUBE TRADE ZONE 1318DESCRIPTION Old North Coast Road, Avoca

General

Property Address: 16 Alfred Street, Dube Trade Zone

Township & Province: Mount Moreland, KwaZulu-Natal

Title deed information

Title Deed Number: T18758/2013

Registered Owner: The Ruja Family Trust

Title Deed Description: Portion 3 of Erf 110 Mount Moreland

Extent: 1 597 m²

Municipal information

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

Town Planning Information

Zoning: Special Zone 18: Mount Moreland

F.A.R: Minimum 0.35 – Maximum 0.5

Coverage: Minimum 35% - Maximum 50%

Height: Maximum of 3 Storeys

Building Lines: 7.5m

Side: 3.0m for a dwelling house & 4.5m for other uses

Rear: 3.0m for a dwelling house & 4.5m for other uses

Parking: Depends on land use

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16 ALFRED STREET, MOUNT PROPERTY MORELAND, DUBE TRADEZONE 1318LOCATION Old North Coast Road, Avoca

Mount Moreland is a small community located in the eThekweni Municipality of KwaZulu Natal. It is located slightly inland of Umdloti just over 30km north of the City of Durban and 2.6km south of Durban’s King Shaka International Airport.

Mount Moreland is surrounded by hectares of natural wetlands. Lake Victoria and the Umdloti River forms part of the DMOSS (Durban Metropolitan Open Space System) and the setting adds a total uniqueness to this pristine area.

The subject property is located at No. 16 Alfred Street, which is off Charles Street. Access to Mount Moreland is via a road known as D757, which is of the M27 Main Road. The M27 Main Road links Verulam and Umdloti and is easily accessed via the N2 National Road.

SUBJECT PROPERTY: 16 Alfred Street, Mount Moreland, Dube Trade Zone

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16 ALFRED STREET, MOUNT PICTURE MORELAND, DUBE TRADE ZONE 1318GALLERY Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT ADDITIONAL MORELAND, DUBE TRADE ZONE 1318INFORMATION Old North Coast Road, Avoca

Primary use

The property is situated in a residential area, near the King Shaka International Airport. With the advantage of having easy access to the N2 National Road, this sought-after site would be ideally suited for a residential development.

There are currently approved building plans for a 6 bedroom main dwelling, a 2 bedroom ancillary unit as well as servant’s quarters on the property. By obtaining special consent from the Municipality the main dwelling can be converted into 3 two bedroom units. This combined with its excellent locality would provide the perfect opportunity for a starting Investor or developer entering the property market.

The property is subject to various servitudes as per the Title Deed.

The subject property is not subject to any land claims.

Lease Details

The property comprises vacant development land.

Expenses

The assessment rates for the 2017/2018 amounts to R 15 609.00, which equates to a monthly figure of R 1 300.75.

Vat Status

The Seller is not Vat Registered, transfer duty will be payable.

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16 ALFRED STREET, MOUNT TERMS & MORELAND, DUBE TRADE ZONE 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 – 25 October 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 25 PLOTS IN EXTENSION 36, KNOWN AS

BELGATE, TONGAAT, KWAZULU NATAL

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16 ALFRED STREET, MOUNT PROPOSED MORELAND, DUBE TRADE ZONE 1318BUILDING Old North PLANSCoast Road, Avoca

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16 ALFRED STREET, MOUNT PROPOSED MORELAND, DUBE TRADE ZONE 1318BUILDING Old North PLANSCoast Road, Avoca (Continued)

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16 ALFRED STREET, MOUNT

TITLE DEED MORELAND, DUBE TRADE ZONE 1318 Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT TITLE DEED MORELAND, DUBE TRADE ZONE (Continued) 1318 Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT TITLE DEED MORELAND, DUBE TRADE ZONE (Continued) 1318 Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT TITLE DEED MORELAND, DUBE TRADE ZONE (Continued) 1318 Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT

SG DIAGRAMS MORELAND, DUBE TRADE ZONE 1318 Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT SG DIAGRAMS MORELAND, DUBE TRADE ZONE (Continued) 1318 Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT LAND CLAIMS MORELAND, DUBE TRADE ZONE 1318 Old North Coast Road, Avoca

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16 ALFRED STREET, MOUNT RULES OF MORELAND, DUBE TRADE ZONE 1318AUCTION Old North & Coast COS Road, Avoca

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