REGAL SPANISH FOR SALE HOME BY AUCTION 2 IPITI ROAD, KLOOF, KWAZULU NATAL WEB#: AUCT-000432 | www.in2assets.com ADDRESS: 2 Ipiti Road, Kloof, KwaZulu-Natal AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 27 June 2017 | 11h00 VIEWING: 25 June 2017 | 14h00 to 16h00 CONTACT: Evalyn Chetty | 0861 444 769 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller 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. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above property is subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of the owner or auctioneer. CONTENTS 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 1318 Old North Coast Road, Avoca CPA LETTER 2 PROPERTY DESCRIPTION 3 PROPERTY LOCATION 4 PICTURE GALLERY 5 ADDITIONAL INFORMATION 8 TERMS AND CONDITIONS 9 SG DIAGRAM 10 TITLE DEED 11 ZONING CERTIFICATE 15 BUILDING PLANS 17 RULES OF AUCTION AND CONDITIONS OF SALE 19 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 06: 26.06.2017 1 CPA LETTER 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 1318 Old North Coast Road, Avoca In light of the Consumer Protection Act which came into effect on 1 April 2011, 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. Should you require any further assistance or have any questions or queries, please do not hesitate to contact us. Version 06: 26.06.2017 2 PROPERTY 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 1318DESCRIPTION Old North Coast Road, Avoca General Property Address: 2 Ipiti Road Township & Province: Kloof, KwaZulu Natal Title deed information Title Deed Number: T1925/1973 Registered Owner: Joao Batista De Sousa Title Deed Description: Erf 654 Kloof Extent: 9 395 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 Residential 1800 F.A.R: 0.35 Coverage: 30% Height: 2 Storeys Building Lines: 7.5m Side: 3.0m Rear: 3.0m Parking: Depends on use Version 06: 26.06.2017 3 PROPERTY 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 1318LOCATION Old North Coast Road, Avoca The property is located within the suburb of Kloof, which is positioned north of and adjacent to the King Cethswayo Highway (M13). Kloof forms part of the Outer West region and is set approximately 25 kilometres North West of Durban Central. The site is positioned midway of Fields Hill. The subject property is situated at 2 Ipiti Road near the beginning of Pioneer Road. The Old Main Road (M33) runs adjacent and parallel to the M13, offering easy access. Kloof is an upmarket suburb and along with Hillcrest has seen much growth and development in recent years with the addition of new shopping centres and office developments. There is a trend to convert previously residential front line properties along Pioneer, Village and Old Main Roads for office use. The location provides a tranquil environment for upmarket residential dwellings, and enjoys easy access to major arterial routes. The property is easily accessed from the M13, both North and South bound. The Kloof Country Club is close by and there are many excellent schooling facilities in the area including Thomas More College, St. Mary’s Diocesan and Kloof High School. The area is fully serviced with tarred roads, sewerage, refuse removal and Telkom networks. SUBJECT PROPERTY: 2 Ipiti Road, Kloof Version 06: 26.06.2017 4 PICTURE 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 1318GALLERY Old North Coast Road, Avoca Version 06: 26.06.2017 5 PICTURE 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 1318GALLERY Old North Coast Road, Avoca (Continued) Version 06: 26.06.2017 6 PICTURE 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 1318GALLERY Old North Coast Road, Avoca (Continued) Version 06: 26.06.2017 7 2 IPITI ROAD, KLOOF, KWAZULU-NATAL ADDITIONAL 1318INFORMATION Old North Coast Road, Avoca Primary use This Property due to its size offers the opportunity for subdivision or further development of a multiple unit development scheme in line with municipality regulations. The property in extent of 9 395 m² comprises of a double storey Spanish style house, granny flat, garden flat, domestic accommodation, store room and the remainder being the gardens/land. A part concrete and part paved driveway leads to three covered parking garages situated at the front of the house. The ground floor of the main house comprises of the reception area, fitted kitchen, pantry, bar room, dining room, basement that can be accessed from the dining room, large lounge and an entertainment room / TV lounge. The kitchen opens out to a courtyard area. The upper floor comprises of five bedrooms (two with en- suite). The main bedroom and en-suite are very spacious and includes a walk in closet. The main bedroom and a second bedroom have air-conditioners. A granny flat with shower and its own separate entrance is attached to the main house. The garden flat and domestic accommodation each also comprises their own shower. Most of the garden/land is flat with a slight slope towards the eastern boundary. Gardens are well maintained and attended to twice a week. There are two greenhouses amongst the gardens that are over stocked with various types of plants and flowers. The property has a borehole to supply water and a solar panel. The property is secured with an alarm system, outside beams and wall fencing. Movable assets that forms part of the sale include a snooker table with accessories in the entertainment / TV lounge and the bar in the bar room. An application must be made to Amafa for any prior work to be undertaken on the site. Property subject to a road servitude as per SG Diagram. Lease Details The property is currently vacant and will be sold with vacant occupation. Expenses The assessment rates for the year 2016/2017 amounts to R30 702.00, which equates to a monthly figure of R2 558.50. Vat Status The Seller is not Vat registered - Transfer duty is payable. Version 06: 26.06.2017 8 TERMS & 2 IPITI ROAD, KLOOF, KWAZULU-NATAL 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 – 28 June 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