Zoning and Title Deed Information
Portions 38, 130 & 139
Title Deed Information
Title Deed Number: T32521/2014
Legal Description: Portion 130 of Erf 2426 Umhlanga Rocks and Portion 139 of Erf 2426 Umhlanga Rocks and Portion 38 of Erf 2426 Umhlanga Rocks
Registered Owner: Main Street 1250 (Pty) Ltd
Local Authority: eThekwini Metropolitan Municipality, KZN
Extent: 5 505sqm and 4 320sqm and 1 386sqm respectively.
Zoning Information
Zoning: Special Zone 11 – Residential and Mixed Use 1
Maximum Height above Sea Level: Portion 130 -160.83m; Portion 139 – 161.88m (per Title Deed)
Height Restrictions: Maximum 6; 4 and 2 storeys
F.A.R: 1.897
Coverage: Basement 100%; Ground floor 80%; Upper floors 90% Portion 38 is zoned for “Private Open Space’
Portions 45 & 153
Title Deed Information
Title Deed Number: T32521/2014
Legal Description: Portion 153 of Erf 2426 Umhlanga Rocks and Portion 45 of Erf 2426 Umhlanga Rocks
Registered Owner: Main Street 1250 (Pty) Ltd
Local Authority: eThekwini Metropolitan Municipality, KZN
Extent: 10 728 sqm
Title Deed Number: 32525/2014
Legal Description: Portion 45 of Erf 2426 Umhlanga Rocks
Registered Owner: Main Street 1250 (Pty) Ltd
Local Authority: eThekwini Metropolitan Municipality, KZN
Extent: 3 798sqm
Zoning Information
Zoning: Special Zone 11 – Residential and Mixed Use 1
Maximum Height above Sea Level: 156.18m (per Title Deed) Height Restrictions: Maximum 6; 4 and 3 storeys
F.A.R: 1.854
Coverage: Basement 100%; Ground floor 80%; Upper floors 90% Portion 45 is zoned for “Private Road Purposes’
Forecasted Monthly Rates and Taxes Expense
Portions 38, 130 & 139
Current | |
Rates and Taxes – Ptn 38 | R33,262.48 pm |
Rates and Taxes – Ptn 130 | R132,281.26 pm |
Rates and Taxes – Ptn 139 | R103,840.44 pm |
Total | R269,384.18 pm |
Levies – Ptn 38 | Nil |
Levies – Ptn 130 and 139 | R27,221.70 |
Lev Stabilisation Fund (LSF) – Ptn 38 | R2,000 |
Levy Stabilisation Fund (LSF) – Ptn 130 | R14,000 |
Levy Stabilisation Fund (LSF) – Ptn 139 | R12,000 |
Total | R28,000 |
* Levy Stabilisation Fund is a once-off contribution payable by the new owner.
Portions 45 & 153
Current | |
Rates and Taxes – Ptn 153 | R258,063.76 pm |
Rates and Taxes – Ptn 45 | R91,262.19 pm |
Total | R349,325.95 pm |
Levies – Ptn 153 | R29,043.78 |
Levies – Ptn 45 | Not applicable |
Lev Stabilisation Fund (LSF) – Ptn 153 | R28,000 |
Levy Stabilisation Fund (LSF) – Ptn 45 | R2,000 |
Total | R30,000 |
* Levy Stabilisation Fund is a once-off contribution payable by the new owner.
VAT
The seller has been registered for VAT (Value Added Tax) and therefore VAT is payable by the Purchaser.
Sales Process
This property is being sold by way of a Private Treaty process under a Sole Marketing Mandate with CBRE-X online.
Interested parties will have access to the Property Brochure and NDA on registration on the CBRE-X online website.
Should you wish to access the full Due Diligence information in the ClicktoPurchase (CTP) data room, we will require you to sign the Non-Disclosure Agreement (NDA), and provide information regarding the entity and individuals represented by that entity, that is expressing an interest in the property. This can be in the form of a link to your company website, your company profile or a brief resume for both the company and key individuals involved in the transaction.
On successful review of your registration, you will be granted access to the CTP data room. Besides all DD documentation, you will also have access to the sale agreement.
Should you wish to submit an offer on the property, you will be required to provide proof of funds or comfort from a financial institution that they would favourably consider an application from yourself for funding for the property in question. Interested parties are invited to submit their best unconditional offer as soon as possible.
Only interested parties that have submitted an NDA and provided the aforementioned information, will be invited to view the property in the company of the Agent or a representative of the Seller.
FICA and KYC verification will be required in order to register on (CTP).
In the instance where a binding offer acceptable to the Seller is presented, the Seller reserves the right to accept any offer but undertakes to instruct the Agent to inform all interested parties (those that have signed a NDA and accessed the DD information via CTP) that there is an offer under consideration at least 5 business days after receipt of that offer.
The agent will present all offers to the Sellers.
All offers need to be open for acceptance for a minimum period of 15 business days from date of submission.
The agent will communicate acceptance of their offer to the winning party and inform all other parties that have not been successful.
Offers will be assessed on, amongst others, the following criteria:
- The price offered.
- Ability to perform and provision of comfort letter or proof of funds for the transaction in question.
- Conditionality of the offer and timeline to conclude the deal.
Disclaimer
The website provides information about properties but does not guarantee its accuracy. Users access the site at their own risk and should seek professional advice before making any decisions based on the information provided. Property descriptions are general and do not constitute an offer or contract. All details are believed to be correct but should be verified by users. The company and its employees do not make any representations or warranties regarding the properties. Prices quoted are exclusive of taxes. The information on the website may contain errors, omissions, or may change without notice. Users should conduct their own investigations before making any investment decisions. The information provided should not be considered financial or investment advice. Any information given by the company or the vendor is for illustration purposes only and does not constitute a representation, condition, or warranty. Users are responsible for conducting their own due diligence to verify the accuracy of the information provided.