Near Cosmo City Private Cemetery - over 25,000 graves ...€¦ · Private Cemetery Near Cosmo City...

Terms & Conditions R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Darren Winterstein

Near Cosmo City

Private Cemetery - over 25,000 graves available

Memorial Hill Private Cemetery

Thursday, 14 August 2014 @ 12h00 The Maslow, Corner Grayston Drive & Rivonia Road – Sandton Thabo Molomo | 073 518 0742 | [email protected]

mailto:[email protected]

Private Cemetery Near Cosmo City

Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (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 negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.

Index

Disclaimer

Property Information

Locality

Property Description

Images

Surveyor Diagram

Zoning & Consent

Auction Information Deposit 5% of bid price Commission 10% plus 14% VAT thereon of the bid price Confirmation period 2 Business Days Rules of auction and conditions of sale are available on www.aucorproperty.co.za/

http://www.aucorproperty.co.za/



Property Information

General Property Address Marin Road (M67) between R114 & Beyers Naude

Drive

Krugersdorp / Randburg Area

Title Deed Information Title Deed Number T53557/2008

Registered Owner Memory Hill Pty Ltd

Title Deed Description Remaining Extent of Portion 88 of the farm

Nooitgedacht, Farm Number 534, Registration

Division JQ

Registered Land Size 13.0816 Hectares (130,816m²)

Title Deed See copy attached to this brochure

Municipal Information Municipality Mogale City Local Municipality

We have been advised by the Seller that all rezoning and EIA requirements have been done and approved prior to the utility of the

land as a private cemetery. All soil conditions and applicable requirements were conducted and supported the approval of the initial

application for using the land as private cemetery. Approximately 80% of the land is allocated for the graves and the remaining area

for infrastructure such as gardening and roads for example.

Zoning Undetermined with consent use as a Private Cemetery and ancillary uses (see zoning information attached)

Property assessment rates based on new municipal valuation and new tariff (effective July 2014) published by Mogale City’s website

(2014/15 period)

2014 Municipal Valuation

Rating Category 2014/15 Category Tariff 2014/15 Annual

Assessment Rates 2014/15 Monthly

Assessment Rates

R 1 980 000.00 Agricultural 0.00313 R 6 197.40 R 516.45



Locality

The subject property is situated within an established agricultural setting east of Krugersdorp and south of Lanseria Airport.

The cemetery borders to the land allocated for the development and expansion of Cosmo City, an affordable housing development

and highly populated area along the old Hans Strijdom/Malibongwe Drive towards Kya Sands industrial area, Northriding and the

N1-freeway. Malibongwe Drive is parallel with the R511 Diepsloot Road towards Pretoria between Dainfern and Hartebeespoort Dam

off-ramp at the N14, known for the large low medium and highly populated Diepsloot informal settlement. There are other local

cemeteries, but in view of local growing developed areas for affordable and informal settlements, the Memorial Hill Private Cemetery

is considered a conveniently located cemetery.

Malibongwe Drive (R512) is the main road between Lanseria Airport and the north-western outskirts of the Randburg and Fourways

area. The subject property however falls within the municipal area of Mogale City (Krugersdorp). The surrounding area in general

features an agricultural setting with small farm portions used for domestic purposes, small scale farming activities and mixed

business.

Malibongwe Drive has been recently upgraded. Along Malibongwe Drive in close proximity towards the south is the well-known Kya

Sand industrial area as well as North Riding Business Park. There are various retail and business developed along this route towards

the N1-freeway and other decentralized business nodes. Other near trademarks identified is the Lion Park on the corner of the R114

and R512 (Malibongwe Drive) and the Coca Cola Dome further towards the N1- freeway which is visible form the subject property.

Directions

Travel north on the R512 (Malibongwe Drive) past Cosmo City, turn left at the four-way traffic intersection towards Muldersdrift

(R114). Proceed ±1km past the Shell petrol filling station and turn left at the first tar road known as the M67 (road sign indicates

Ruimsig M67). Another 200 meters on the left is a signboard indicating Memorial Hill Cemetery. The Memorial Hill cemetery is

accessed via a registered “right of way”, approximately 300 meters from the tar road (M67).

GPS co-ordinates for the site is: S 26°00'45.72"; E 27°55'04.89""



Locality




Primary Uses Cemetery

Topography The subject property is situated on a hill with almost a 360 degree view setting, but relatively level

with slight slopes. There is an informal settlement on the eastern boundary of the cemetery, with

a concrete fence between the settlement and cemetery. The other boundaries are not fenced (a

condition of the cemetery consent is that the property must be fenced to the satisfaction of the

municipality).

Improvements There are no permanent structures erected on site except for a disused water reservoir. There is

an informal settlement just outside the eastern boundary of the cemetery, with a concrete fence

between the settlement and cemetery. Access is via a gravel road turn-off the R67 main tar road.

Boundary fencing requirements (as per consent conditions) still need to be established.

Capacity The subject property has a layout plan for 26 500 graves. The Seller advised that there are more

than 25,000 graves remaining. A third is allocated for children graves. Refer to the attached

layout plan of the Memorial Hill Private Cemetery.

Effective Useful Lifespan The effective lifespan and consistent income flow of the cemetery may vary, but we have been

advised by the Seller that the Memorial Hill Private Cemetery has an estimated remaining lifespan

of between 15 and 20 years with an average funeral count of between 110 and 145 per month.

We were further advised that a popular and established cemetery sells approximately 80 to 130

graves per month, but it all depends as well on marketing exposure to local funeral parlour's.

Current Rate Charges The current ratings for the Memorial Hill Private Cemetery vary between R1500 and R2500 per

adult grave on average, with the optional benefits and applicable costs for stacking graves.

Children graves are in the region of R600 per grave. An additional term of condition is that the

Memorial Hill Private Cemetery will claim an additional fee of R300 for each tombstone placed

on a grave by the family member/s.

Expenses The normal municipal expenses such as rates and taxes, municipal levies and maintenance

would be applicable. Provision will be required for establishing the required infrastructure.

Provision for a trust fund needs to be made for the on-going maintenance of the cemetery once

the effective useful lifespan is over.



Approx. Boundaries




Layout Plan supplied




Images

Images



Images



Surveyor Diagram



Zoning & Consent

Near Cosmo City Private Cemetery - over 25,000 graves ...€¦ · Private Cemetery Near Cosmo City...

Documents

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