PRIME DEVELOPMENT OPPORTUNITY 6 MOSS KOLNIK DRIVE, AMANZIMTOTI WEB#: AUCT-000560 | www.in2assets.com ADDRESS: 6 Moss Kolnik Drive, Amanzimtoti AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 05 December 2017 | 11h00 VIEWING: By Appointment CONTACT: Carl Kleinhans | 082 467 5664 | 031 574 7600 | [email protected] REGISTRATION FEE: R 50 000-00 (Refundable Bank Guaranteed Cheque) AUCTIONEER: Andrew Miller CONTENTS 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 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 DIAGRAMS 10 TITLE DEED 16 LAND CLAIMS LETTER 21 ZONING CERTIFICATE 22 RULES OF AUCTION & CONDITIONS OF SALE 24 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 6: 04.12.2017 1 CPA LETTER 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 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 6: 04.12.2017 2 PROPERTY 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318DESCRIPTION Old North Coast Road, Avoca General Property Address: 6 Moss Kolnik Drive Township & Province: Amanzimtoti, KwaZulu Natal Title deed information Title Deed Number: T9335/2013 Registered Owner: Arabelia Investments (Pty) Ltd Title Deed Description: Portion 2453 of the Farm Umlazi Native Location No. 4676 Extent: 3, 1043 Hectares 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 27 – Erf 2453 Umlazi Location No. 4676 F.A.R: 31 043 m² Coverage: 70 % (21 730 m²) Height: 4 Storeys Building Lines: 7.5 m Side Space: 3.0 m Rear Space: 3.0 m Parking Requirements: Depends on use Version 6: 04.12.2017 3 PROPERTY 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318LOCATION Old North Coast Road, Avoca The subject property is located approximately 25 kilometres from Durban’s Central Business District and harbour. It falls within the Arbor Village and Galleria Shopping Mall precinct, which is situated west of the N2 Freeway. The property is accessed off Moss Kolnik Drive. Surrounding business parks include Southgate Business Park and Umbogintwini. The immediate node is well placed for export-orientated, distribution companies and commercial business. This area falls within an established industrial area accommodating a number of small, medium and large industrial buildings. Numerous buildings are under construction in the immediate vicinity. A number of 'blue chip' industrial tenants/owners also occupy premises here. Surrounding townships offer a large labour pool. Moss Kolnik Drive links directly to the N2 Freeway. The nearest amenities and public facilities are located in Amanzimtoti. Situated within a 2km radius is the Kingsway Hospital, Amanzimtoti Primary School, The Village Mall, Old Mutual Centre and Fire Station. The Arbor Village and Galleria Shopping Mall lies opposite the site. SUBJECT PROPERTY: 6 Moss Kolnik Drive, Amanzimtoti Version 6: 04.12.2017 4 PICTURE 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318GALLERY Old North Coast Road, Avoca . Version 6: 04.12.2017 5 PICTURE 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318GALLERY Old North Coast Road, Avoca (Continued) Version 6: 04.12.2017 6 PICTURE 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318GALLERY Old North Coast Road, Avoca (Continued) Version 6: 04.12.2017 7 ADDITIONAL 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318INFO OldRMATION North Coast Road, Avoca Primary use This 31 043 m² exceptionally well positioned property lies along the N2 Coastal Freeway and enjoys high exposure within a major intersection along Moss Kolnik Drive. The immediate area is home to significant retail and industrial presence which includes the Galleria Mall, The Arbour Crossing Mall, Makro and the Southgate Industrial Park. Galleria Mall is an 87 000 m² enclosed retail mall representing major national tenants with a strong focus on entertainment. The mall boasts a large indoor ice skating rink amongst others. The mall is located directly opposite this development site. Arbour Crossing Mall is a 47 000 m² strip mall and includes a 12 500 m² Pick n Pay Hypermarket. Southgate Industrial Park is home to a variety of medium to large industrial factories and warehousing. The main access road to this park is from the N2 interchange via Moss Kolnik Road. One of South Africa’s largest fuel stations will be constructed alongside this development property and construction is due to commence shortly. CIP Property Brokers, under the guidance of Wendy Peacock has secured the interest of approximately 80% national retailers who are exceptionally motivated. These include amongst other an anchor for 2 500 m², a gym for 2800 m², a Tile Centre for 3 000 m². The property is subject to various servitudes as per the Title Deed and SG Diagrams. The property is not subject to any land claims. Accommodation Details The property is currently vacant development land. Lease Details The property is currently vacant development land with no leases in place. Expenses The assessment rates for the year 2017/2018 amounts to R598 455.96, which equates to a monthly figure of R49 871.33. Vat Status The Seller is Vat registered. Version 6: 04.12.2017 8 TERMS & 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 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 – 06 December 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 6: 04.12.2017 9 SG DIAGRAMS 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 10 SG DIAGRAMS 6 MOSS KOLNIK DRIVE, AMANZIMTOTI (Continued) 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 11 SG DIAGRAMS 6 MOSS KOLNIK DRIVE, AMANZIMTOTI (Continued) 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 12 SG DIAGRAMS 6 MOSS KOLNIK DRIVE, AMANZIMTOTI (Continued) 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 13 SG DIAGRAMS 6 MOSS KOLNIK DRIVE, AMANZIMTOTI (Continued) 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 14 SG DIAGRAMS 6 MOSS KOLNIK DRIVE, AMANZIMTOTI (Continued) 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 15 TITLE DEED 6 MOSS KOLNIK DRIVE, AMANZIMTOTI 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 16 TITLE DEED 6 MOSS KOLNIK DRIVE, AMANZIMTOTI (Continued) 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 17 TITLE DEED 6 MOSS KOLNIK DRIVE, AMANZIMTOTI (Continued) 1318 Old North Coast Road, Avoca Version 6: 04.12.2017 18 TITLE DEED 6 MOSS KOLNIK