FOR SALE BY AUCTION RESIDENTIAL INVESTMENT PROPERTY 64 ATTERBURY ROAD, ROSEHILL, WEB#: AUCT-000429 www.in2assets.com ADDRESS: 64 Atterbury Road, Rosehill, Durban North AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban AUCTION DATE & TIME: 27 June 2017 11h00 VIEWING: 18 th & 25 th June 2017 11am 13:00pm CONTACT: Evalyn Chetty 0861 444 769 031 574 7600 properties@in2assets.com 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 CPA LETTER 2 PROPERTY DESCRIPTION 3 PROPERTY LOCATION 4 PICTURE GALLERY 5 ADDITIONAL INFORMATION 7 TERMS AND CONDITIONS 9 SG DIAGRAM 10 BUILDING PLANS 11 ZONING CERTIFICATE 13 TITLE DEED 15 RULES OF AUCTION & CONDITIONS OF SALE 18 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. 1
CPA LETTER 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. 2
PROPERTY DESCRIPTION General Property Address: Township & Province: 64 Atterbury Road, Rosehill Durban North, KwaZulu Natal Title deed information Title Deed Number: T44245/2002 Registered Owner: Title Deed Description: Anesh Rughoonandan and Anusha Rughoonandan Erf 524 Rosehill Extent: 1 029 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 900 F.A.R: N/A Coverage: 40% Height: Building Line: Double Storey 7.5m to all road frontages Side: Aggregate of 5.0m one side not less than 2.0m Rear: - Parking: 1 bay per dwelling and 1 bay for ancillary unit 3
PROPERTY LOCATION The property is situated within the suburb of Rosehill, which is located approximately 15 kilometres from Durban's Central Business District. Rosehill lies just east of the North Coast Road Industrial precinct and the township of Duiker Fontein. The suburb is bounded by other residential areas, Durban North to the east, and Parkhill to the north. The Metro Rail Railway line runs parallel to North Coast Road. This node is mainly characterised by established tenants and/or owner-occupiers and are well established residential areas. The subject area is in close proximity to numerous popular industrial nodes such as Riverhorse Valley Business Park, Briardene Industrial Park, Umgeni Business Park and Redhill Industrial Park. The subject property is accessed directly from Atterbury Road, which links to North Coast Road via Tramway and Lancaster Roads. North Coast Road is the major arterial route which leads to other major road networks such as Inanda Road (M21) and Nandi Drive (M45). North Coast Road extends north to link up with the N2 National Freeway. Most amenities and public transport are located along North Coast Road. Schools nearby include Greenwood Park Primary School, Park Hill High School, Park Hill Police Station, Redhill Fire Station as well as the Park Hill Medical Centre. SUBJECT PROPERTY: 64 Atterbury Road, Rosehill, Durban North 4
PICTURE GALLERY 5
PICTURE 1318 GALLERY Old North Coast Road, Avoca (Continued) 6
ADDITIONAL INFORMATION Primary use This property offers the ideal opportunity for a buyer that is looking to develop or expand a rental pool. Rosehill is part of Durban North and is easy accessible from major roads such as North Coast Road, the N2 Freeway and other arterial roads in the North of Durban. The main house is accessed from a tarred driveway off Atterbury Road via electronic gates. Ample parking is available at the front. The house comprises a covered patio/entertainment area (aluminium sheeting), lounge, dining room, kitchen, three bedrooms (main en-suite) and separate bathroom. The main house has a 300 litre solar geyser and all windows have solar tint film. All windows and doors have galvanized burglar guards. A court yard area and store room is accessed from the kitchen as well as from the lounge. Attached to the newly built double garage is a bachelor unit with en-suite bathroom. At the rear of the property there is a double storey block comprising of two units as well as a separate outbuilding. This block and outbuilding are accessed by their own driveway off Ernest Avenue. Each unit of the block comprises one bedroom (en-suite), lounge/dining room and kitchen. The separate outbuilding consists of a bedroom with own bathroom. The entire property is fully secured with electric and wall fencing and CCTV cameras. With exception of the main house and separate outbuilding, all other units consists of pre-paid electricity and water meters and own geysers. It should be noted that the Seller is in possession of approved building plans for the newly built double garage and bachelor unit. The plans have been approved and most of the certificates have been obtained however final submission is still outstanding, which the purchaser is liable for. Lease Details Comments Premises Lease Term (No Vat) Monthly Rental (No Vat) Annual Rental Unit 1 - First Floor Month to Month R 3 600.00 R 43 200.00 Unit 2 - Ground Floor Month to Month R 2 800.00 R 33 600.00 1 Bedroom Outbuilding Month to Month R 2 250.00 R 27 000.00 Bachelor Cottage Month to Month R 3 700.00 R 44 400.00 R 12 350.00 R 148 200.00 All tenants are on a month to month basis. Rental is paid by the tenants on their respective paydays which is either deposited into the Sellers account or paid in cash. Rental is paid on or before the first of every month. There are no defaulters. No Vat is being levied as it is Residential dwelling. All units except for the 1 Bedroom Outbuilding have prepaid water and electricity meters. The rental for the 1 bedroom outbuilding is inclusive of water and electricity. As per the Seller, the rental potential for the main house is approximately R 10 000.00 per month. The tenants have been residing at the premises for many years and would like to continue occupying the premises. All tenants have designated parking bays plus additional parking for 4 motor vehicles As per the Seller, there is an additional charge of approximately R250.00 to the Bachelor Cottage for internet usage. 7
ADDITIONAL INFORMATION (Continued) Expenses The assessment rates for the year 2016/2017 amounts to R 7 972.92, which equates to a monthly figure of R 664.41 Vat Status The Seller is not Vat registered. 8
TERMS & CONDITIONS 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 30 Calendar 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 9
SG DIAGRAM 10
BUILDING PLANS 11
BUILDING PLANS (Continued) 12
ZONING CERTIFICATE 13
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TITLE DEED 15
TITLE DEED (Continued) 16
TITLE DEED (Continued) 17
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