± 488 HA BEEF, POTATO & TIMBER FARM WITH EXCITING MEDICINAL CANNABIS POTENTIAL PORTION 1 OF THE FARM RUNNYMEADE NO. 15577, UPPER DARGLE WEB#: AUCT-000528 | www.in2assets.com ADDRESS: Portion 1 of the Farm Runnymeade No. 15577, Upper Dargle AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 24 October 2017 | 11h00 VIEWING: By Appointment CONTACT: Rob Pickering | 082 573 0418 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller PORTION 1 OF THE FARM RUNNYMEADE CONTENTS NO. 15577, UPPER DARGLE 1318 Old North Coast Road, Avoca CPA LETTER 2 PROPERTY DESCRIPTION 3 PROPERTY LOCATION 4 PICTURE GALLERY 5 ADDITIONAL INFORMATION 7 TERMS AND CONDITIONS 8 SG DIAGRAM 9 TITLE DEED 10 LAND CLAIMS 15 RULES OF AUCTION & CONDITIONS OF SALE 16 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 5: 23.10.2017 1 CPA LETTER PORTION 1 OF THE FARM RUNNYMEADE NO. 15577, UPPER DARGLE 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 5: 23.10.2017 2 PORTION 1 OF THE FARM RUNNYMEADE PROPERTY NO. 15577, UPPER DARGLE 1318DESCRIPTION Old North Coast Road, Avoca General Property Address: Approximately 5.5km from Impendle Road Township & Province: Farm Runnymeade, Upper Dargle, KwaZulu-Natal Midlands Title deed information Title Deed Number: T13669/1989 Registered Owner: Palesa Finance (Pty) Ltd Title Deed Description: Portion 1 of the Farm Runnymeade No. 15577 Extent: 488, 4377 Hectares Municipal information The local authority in which the property is situated is Impendle Local Municipality. According to the permitted zoning scheme the property is zoned as follows: Town Planning Information Zoning: Agricultural Note: The above Zoning info was verbally provided by the Municipality. Version 5: 23.10.2017 3 PORTION 1 OF THE FARM RUNNYMEADE PROPERTY NO. 15577, UPPER DARGLE 1318LOCATION Old North Coast Road, Avoca The farm is set within the Upper Dargle area of the beautiful KwaZulu Natal Midlands. The area is one of the most appealing parts of the KwaZulu Natal, lying at the foot hills of the Drakensberg Mountains. The area manages to promise an immediate sense of getting away from it all – winding down and beautiful surrounds, yet it is also right on the Midlands Meander. The immediate area consists of similar type properties, with beef farming being a major concern. The farm is positioned approximately 7km from Impendle and approximately 35km from Dargle. Impendle Road runs west from the R103 between Lions River (in the south) and Balgowan (in the north). Approximately 35km west from the R103 there is a sign post that shows the direction to Farm Runnymeade. The farms driveway is approximately 5km from Impendle Road. Some amenities can be found in Nottingham Road while all other modern day amenities can be found in Howick. SUBJECT PROPERTY: Portion 1 of the Farm Runnymeade No. 15577, Upper Dargle, KwaZulu Natal Midlands Version 5: 23.10.2017 4 PORTION 1 OF THE FARM RUNNYMEADE PICTURE NO. 15577, UPPER DARGLE 1318GALLERY Old North Coast Road, Avoca +++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++ FARMS BLESBERG A, LIDGETTON, KWAZULU NATAL MIDLANDS Version 5: 23.10.2017 5 PORTION 1 OF THE FARM RUNNYMEADE PICTURE NO. 15577, UPPER DARGLE 1318GALLERY Old North Coast Road, Avoca (Continued) Version 5: 23.10.2017 6 PORTION 1 OF THE FARM RUNNYMEADE ADDITIONAL NO. 15577, UPPER DARGLE 1318INFORMATION Old North Coast Road, Avoca Primary use This farm in extent of 488, 4377 hectares is made up of 250 hectares arable land of which 80 hectares is planted with 2 to 3 year old gum trees. The remaining land being approximately 235 hectares is for veld grazing. The area and this farm is well known for beef farming and seed potatoes. Improvements on the property include a 648 m² steel shed which is in good condition, a five bedroom farm house with some need of restoration, cattle handling facilities and two smaller sheds. This property has been identified by the KZN Development Agency as a site of 100 hectares cannabis oil project, which is a first in the province and with returns of 17m per hectare, which is very profitable. The property is not subject to any land claims. Building Plans The PURCHASER acknowledges herewith that he has fully acquainted himself with the improvements on the property. The SELLER however acknowledges that no plans have either been approved or not available for the improvements on the property and undertakes to provide the PURCHASER with approved plans at his (the SELLER’s) costs within a reasonable period of time after date of acceptance of the sale by the SELLER. Lease Details As per the Seller, there are no leases in place. The property will be sold with vacant occupation. Expenses The assessment rates for the year 2017/2018 amounts to R 11 970.00, which equates to a monthly figure of R 997.50. Vat Status The Seller is Vat Registered. Version 5: 23.10.2017 7 PORTION 1 OF THE FARM RUNNYMEADE TERMS & NO. 15577, UPPER DARGLE 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 Version 5: 23.10.2017 8 PORTION 1 OF THE FARM RUNNYMEADE SG DIAGRAM NO. 15577, UPPER DARGLE 1318 Old North Coast Road, Avoca Version 5: 23.10.2017 9 PORTION 1 OF THE FARM RUNNYMEADE TITLE DEED NO. 15577, UPPER DARGLE 1318 Old North Coast Road, Avoca Version 5: 23.10.2017 10 PORTION 1 OF THE FARM RUNNYMEADE TITLE DEED NO. 15577, UPPER DARGLE (Continued) 1318 Old North Coast Road, Avoca Version 5: 23.10.2017 11 PORTION 1 OF THE FARM RUNNYMEADE TITLE DEED NO. 15577, UPPER DARGLE (Continued) 1318 Old North Coast Road, Avoca Version 5: 23.10.2017 12 PORTION 1 OF THE FARM RUNNYMEADE TITLE DEED NO. 15577, UPPER DARGLE (Continued) 1318 Old North Coast Road, Avoca Version 5: 23.10.2017 13 PORTION 1 OF THE FARM RUNNYMEADE TITLE DEED NO. 15577, UPPER DARGLE (Continued) 1318 Old North Coast Road, Avoca Version 5: 23.10.2017 14 PORTION 1 OF THE FARM RUNNYMEADE LAND CLAIMS NO. 15577, UPPER DARGLE 1318 Old North Coast Road, Avoca Version 5: 23.10.2017 15 PORTION 1 OF THE FARM RUNNYMEADE RULES OF NO. 15577, UPPER DARGLE 1318AUCTION Old North & Coast COS Road, Avoca Version 5: 23.10.2017 16 PORTION 1 OF THE FARM RUNNYMEADE RULES OF NO. 15577, UPPER DARGLE 1318AUCTION Old North & Coast COS Road, Avoca (Continued) Version 5: 23.10.2017 17 PORTION 1 OF THE FARM RUNNYMEADE RULES OF NO. 15577, UPPER DARGLE 1318AUCTION Old North & Coast COS Road, Avoca (Continued) Version 5: 23.10.2017 18 PORTION 1 OF THE FARM RUNNYMEADE RULES OF NO.