Umzumbe Bowls Estate Erf 294, Umzumbe South Coast, Kwazulu Natal

DEVELOPMENT OPPORTUNITY VACANT RESIDENTIAL STAND

UMZUMBE BOWLS ESTATE ERF 294, UMZUMBE SOUTH COAST, KWAZULU NATAL

FEBRUARY 2021 VENUE: TBA CRAIG WOOD: 083 799 4403| 031 – 579 4403 Viewing by Appointment only

Terms & Conditions

Please note that in order to be approved for bidding, you are required to send us: Proof of Payment & Original Proof of FICA Documents. R 50 000.00 Registration Deposit by EFT/ Cash or Bank Guaranteed Cheque must be paid. All bids are exclusive of Commission + VAT. Ian Wyles Auctioneers may bid up to reserve on behalf of the sellers. The above is subject to change without prior notification.

Auctioneer: Ian Wyles

CONTENTS UMZUMBE BOWLS ESTATE

Property Summary Locality Maps Pictures Additional Information

Auction Information

Deposit 5% of bid price payable by The Purchaser on the fall of the hammer

Commission 10% plus VAT thereon of the bid price payable by the Purchaser on the fall of the hammer

Terms and Conditions If you are the successful bidder, the following is applicable: • 30 Day Guarantee Period from confirmation of sale by the Seller • Possession & occupation of property on Registration • Electrical (including electric fencing), woodborer and gas compliance for the Purchaser’s account, if applicable

Banking Details Ian Wyles Auctioneers and Appraisers (PTY) LTD Account Number – 40-9642-2381 Branch Name – Absa Bank Durban North Swift Code – ABSA ZA JJ Branch Code – 632005 Reference: Use Name and Property Address

Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS 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 negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person

INFORMATION UMZUMBE BOWLS ESTATE

General

Property Address Erf 294, Umzumbe, South Coast, Kwazulu Natal

Title Deed Information

Title Deed Number T12389/2011

Title Deed Description Portion 7 of Erf 1, Umzumbe (Erf 294, Umzumbe) South Coast, Kwazulu Natal

Municipal Value R 20 000 000.00

Extent 10, 3566 ha

Locality

The subject property is located on the Western side of the R102, Old South Coast Highway, within small coastal town of Umzumbe, between Hibberdene and Port Shepstone on the KZN South Coast.

Access to the property is by means of a road servitude intersecting with the R102 at the St Elmo’s Road intersection.

Condition

Vacant Residential land. The site is elevated East facing (80% of the sites will enjoy a sea view) with a moderate downfall from the West to East.

Please note that we have not undertaken a structural survey, nor have we arranged for tests of inspections of the service installations.

INFORMATION UMZUMBE BOWLS ESTATE

Property Description

Residential township development of Portion 7 of Erf 1 (now Erf 294, Umzumbe). The site is currently undeveloped and unserviced.

Approval has been obtained for the development of a phased niche residential estate “Umzumbe Bowls Estate”, consisting of 96 freehold stands, ranging between 500m² to 700 m², together with common erven for the sports and utilities and conservation area.

The feature of this Estate will be the two Bowling Greens together with a Clubhouse that will enable residents to have access to these facilities.

Architectural guidelines proposed will feature an innovative blend of natural elements and contemporary design.

Value Added TAX Seller is not a VAT vendor. Transfer duty applies.

Lease/ Occupancy

Vacant Residential Stand. No Leases.

INFORMATION UMZUMBE BOWLS ESTATE

Town Planning Information

ERF 294 Zoning Special Zone “A” (Umzumbe Bowls Estate) Coverage 50% FAR 0.05 Height 2 Storey Monthly Rates Awaiting

ERVEN 296 – 391 (RESIDENTIAL 500 M²) Zoning Special Zone “A” (Umzumbe Bowls Estate) Permitted Uses Dwelling Houses

Uses Permitted with • Creche Permission of the Local • Home Business Authority Coverage 50% FAR 0.05 Height 2 Storey • Minimum Lot Area: 500 m² • Subject to the Provision of a sewage disposal system to the satisfaction of the Ugu District Municipality • Building Line: 3.0 m Additional Controls • Side & Rear Space: 1.5 m • Minimum width of access way: 4m • No Erf shall be subdivided • No more than 2 erven shall be consolidated • No erf shall be fenced in its entirety

AERIAL VIEW UMZUMBE BOWLS ESTATE