1 What is THE CUBE?

THE CUBE is a landmark mixed-use development within prime Umhlanga Ridge New Town Centre, offering all the benefits of a relaxed inner-city lifestyle and secure lock-up-and-go convenience with access to a full range of world class business and shopping amenities and leisure facilities all within minutes of the world-class beaches of Umhlanga Rocks as well as the Mount Edgecombe Country Club Estate golf courses.

THE CUBE is a four storey mixed-use building, comprising 36 elevated residential apartments and 32 pavement and first floor level mixed-use units (shops and offices). Provision has also been made for an additional 79 parking bays which will be sold to the open market. Designed by award-winning Durban architectural practice, Elphick Proome Architects, THE CUBE will be constructed in accordance with the strict Architectural and Building Design Codes as established and implemented by Moreland Developments, the creator and developer of the Umhlanga Ridge New Town Centre.

2 What is Umhlanga Ridge New Town Centre?

“A NEW WAY OF LIFE. A NEW TOWN CENTRE”

Umhlanga Ridge New Town Centre is earmarked for “stylish apartment-style living” to quote Moreland Developments and is set to become the “Jewel of the North”.

Building on a vision

“Located on the Ridge overlooking Durban’s upmarket northern suburbs, Moreland’s commercial developments, the La Lucia Ridge Office Estate and the Umhlanga Ridge New Town Centre, offer a truly integrated lifestyle, where work, entertainment and social life blend seamlessly into each other.

A place for people.

The Umhlanga Ridge New Town Centre is an urban environment of wide, tree-lined boulevards, landscaped office parks and piazzas. Built on a planned grid, the New Town Centre is connected by a series of pedestrian-friendly roads, parks and public spaces, which are laid out to facilitate on-street parking and the easy flow of traffic. The development is planned on a human scale, with a vibrant, active mix of uses, including retail, residential and commercial. The New Town Centre is changing the way people work. The way they play. The way they live their lives.”

The future of urban development

“Umhlanga Ridge New Town Centre, Moreland’s visionary mixed use urban development is built around a series of squares, parks and boulevards surrounding Gateway Theatre of Shopping. It is a place where people live, work, shop and play, a medium-rise human-friendly environment which will revolutionise the way people see living in cities.”

Highly effective urban living

““The New Town Centre offers a unique mix of high street and mall shopping. It encapsulates Old Mutual’s extraordinary Gateway Theatre of Shopping (R1.4billion), which attracts an estimated 24 million visitors each year. Facilities in the areas include the Umhlanga Hospital and Medical Centre, Virgin Active SA Health clubs and highly respected schools such as La Lucia Crawford College. Moreland has provided an infrastructure and management model that establishes Umhlanga Ridge as South Africa’s most modern and globally competitive working environment. Umhlanga Ridge owners all become members of the management association, which employs professionals to implement a state-of-the-art security system as well as cleaning and landscaping services. A 21st century communications network makes the New Town Centre a leader in the information-driven New Economy, connecting individuals and businesses effortlessly to each other and the global marketplace.”

A place for people

Umhlanga Ridge New Town Centre offers a truly integrated lifestyle, a place where work, entertainment and social life blend seamlessly into each other in a secure environment which has been designed with people in mind, and will offer exceptional quality of life.

It will be a pace of wide, tree-lined boulevards, traffic circles and piazzas. Street level cafes and restaurants become meeting places for the people working in the offices above.

Shoppers are attracted by world-class boutiques and galleries, and the largest shopping and entertainment centre in Africa. In the commercial district, banks and finance houses lead local business into the new global economy. Loft apartments overlook tranquil parks and shaded sidewalks where children ride bicycles. The New Town Centre will change the way people work. The way they play. The way they live their lives.”

“The Umhlanga Ridge New Town Centre lies on a ridge above the beaches of Umhlanga and La Lucia in the Northern Metropolitan area. The hub of the largest undertaking of its kind in Africa, the Umhlanga Ridge New Town Centre represents the apex of several highly successful land development projects. With easy access to the N1 and M41 freeways, Durban’s International Airport and Africa’s largest port are a few minutes drive away. The neighbouring La Lucia Ridge Office Estate boats many of South Africa’s most distinguished blue-chip companies, including Unilever, Deloitte & Touche, Alexander Forbes and Ernst & Young. Crawford College is one of the highly regarded schools, amongst the numerous places of worship and community centres on the Ridge. The town centre features The Gateway Theatre of Shopping, The Crescent Shopping Centre and Umhlanga Hospital, with City Lodge’s flagship hotel recently completed. The new motoring prescient features every leading dealership and the associated motoring services. From the prestigious golf estates of Mount Edgecombe and Zimbali to the surrounding suburbs of La Lucia Ridge and Somerset Park, the town centre allows for a lifestyle tailored to your dreams.

The Umhlanga Ridge New Town Centre is changing the way people do business, the way people live life.

“Just 20 minutes from Durban, the Town Centre enjoys access via a network of 5 major roads, with Durban International Airport an easy 25 minute drive away. Umhlanga Ridge is surrounded by some of the finest residential developments in South Africa, from suburbs like La Lucia and the resort town of Umhlanga Rocks to prestigious golf estates like Mount Edgecombe and Zimbali.

With 750 000m2 of development rights, the Umhlanga Ridge New Town Centre builds on success of La Lucia Ridge Office Estate with its 200 000m2 of rights. Already, most of Durban’s blue-chip and multinational companies operate from the area. More are planning or building their facilities. The business environment of the Commercial Ridge, as it has become known, could hardly be more advantageous to tenants.

A green city

“La Lucia Office Estate is widely regarded for its secure park-like surroundings and for the reinstatement of the natural coastal forest. Umhlanga Ridge New Town Centre expands on this approach to development, actually enhancing the environment of the area where possible. The connected series of open spaces, with their water features and indigenous trees and shrubs form a “green lung”, making the Town Centre a pleasantly scenic and healthy urban environment. The area is richly provided with outdoor leisure activities, and is only minutes away from the pristine beaches of Umhlanga Rocks.”

It’s happening!

“Day by day Moreland’s vision of a New Town Centre is becoming a reality. This vision combines the best of city, town and village to create a safe attractive environment where South Africans can live, work and play. The idea is simple. Everything is on tap – shopping malls, theatres, schools, businesses large and small, residential areas, parks and playgrounds – all within walking distance of Umhlanga’s golden beaches.

By constructing a city-suburb of exclusive low rise apartment blocks and integrating it with world-class working, shopping and entertainment opportunities, we’re creating a whole new urban lifestyle. It’s a place where you’ll feel right at home with the buzz, energy and excitement of the big city and safety and security you enjoyed growing up in a village community when you were a child. This is the way life should be lived!”

(Extracts from various Moreland brochures)

3 Where is THE CUBE?

The property is located within the Umhlanga Ridge New Town Centre. It is situated on the corner of Zenith Drive and Spring Close – in the heart of the New Town Centre.

North and east facing, THE CUBE is easily accessible from central Durban via the N2 or the coastal M4. Situated in close proximity are La Lucia Mall and within quick walking distance of the Gateway Theatre of Shopping, the privately run Umhlanga Hospital and a range of prestigious schools like Crawford College. The Umhlanga Ridge New Town Centre and the La Lucia Ridge Office Estate offer many business opportunities for the investor and the entrepreneur alike. And leisure opportunities in the area abound, from world-class golf courses Mount Edgecombe and Zimbali, to the North Coast’s miles of golden beaches.

4 Who is the developer of THE CUBE?

THE CUBE is to be developed by THE GRID GROUP, headed by CEO Bruce Winship. The cornerstones underpinning our activities are competence, quality, integrity, reliability and sustainability across all areas of each project from concept, through inception, to occupation.

Among the prestigious developments undertaken by THE GRID GROUP are:

• Residential
  
  As Building Contractor:
  
  
  • Hathaway Village, Mount Edgecombe Country Club Estate, Kwazulu Natal
  • Callaway Village, Mount Edgecombe Country Club Estate, Kwazulu Natal
  • Brookfields Village, Mount Edgecombe Country Club Estate, Kwazulu Natal
  • Wedgefield Village, Mount Edgecombe Country Club Estate, Kwazulu Natal
  • Stoneybridge Village, Mount Edgecombe Country Club Estate, Kwazulu Natal
  • Aintree Lane Village, Hillcrest, Kwazulu Natal
  • The Zone, Umhlanga Ridge New Town Centre, Kwazulu Natal
  • The Lighthouse, Umhlanga Ridge New Town Centre, Kwazulu Natal
  • Sentinel, Umhlanga Ridge New Town Centre, Kwazulu Natal
  • The Place, Umhlanga Ridge New Town Centre, Kwazulu Natal

As Developer:

• Bondi Beach Resort, Shelley Beach, Kwazulu Natal
• Zenith, Umhlanga Ridge New Town Centre, Kwazulu Natal
• 101 Acutts Private Family Estate, Acutts Drive, Hillcrest, Kwazulu Natal
  

5 What sort of lifestyle will I enjoy at THE CUBE?

The answer is simple: you will enjoy life as you’d like to live it. If you are actively involved in business you will enjoy the proximity to the commercial hub of Umhlanga Ridge New Town Centre and the La Lucia Ridge Office Estate as well as the city of Durban. But if you find yourself with more leisure time on your hands, the beaches and recreational facilities in the area are world class and widely diverse in their offering. The spacious apartments will accommodate healthy family living or a more sociable existence. At THE CUBE, you will truly know that you are getting the most out of life.

6 What form of ownership applies at THE CUBE?

THE CUBE is sectional title ownership. The sectional title areas include the apartments as well as the covered terraces. In addition, each apartment has a covered and /or open parking bay(s). Each shop/office has two covered or open parking bays.

7 Are there private gardens at THE CUBE?

No.

8 How many parking bays are allocated to each apartment?

Each apartment has one parking bay. There are additional bays available for purchase.

9 Is there sufficient visitors parking at THE CUBE?

Ample visitors parking will be available.

10 When will the Body Corporate be formed?

The Body Corporate is formed when the first registrations take place.

11 Who will manage the Body Corporate?

Unlimited Townhouses.

12 Do I have to become a member of the Body Corporate?

Each purchaser, on taking transfer of their apartment, automatically becomes a member of the Body Corporate. This allows owners greater say in issues of common concern to all residents. However, the time-consuming administrative functions of the Body Corporate will be handled by the Managing Agent.

13 What is the Umhlanga Ridge Town Centre Management Association (URTCMA)?

This Association has been formed to manage the Umhlanga Ridge New Town Centre on behalf of its members. It is incorporated under Section 21 of the Companies Act of 1973. In terms of its’ Memorandum and Articles of Association, each purchaser in the Umhlanga Ridge New Town Centre is obliged to become a member of the Association. Each member pays a monthly levy towards the cost of running the Association.

14 Do I have to become a member of the URTCMA?

Each purchaser, on taking transfer of their apartment, automatically becomes a member of the Association.

15 What will it cost me to join the Homeowner’s Association?

Nothing.

16 Will the development be phased?

No - it is planned to construct the entire project as a whole.

17 Who is going to provide the bond finance?

Bond finance is available from all the major banks. In terms of the purchase agreement entered into by the purchasers, the Developer/Seller will apply for the purchaser’s bond finance on their behalf. The Developer has appointed Metallon Homeloans as the sole bond originator and all bond applications have to be made through them.

18 How will the financing of my purchase be structured?

On signature of your purchase agreement, you will be required to provide a 5% deposit.

Bond finance, on conditions acceptable to the Seller, must be approved and finalized within 21 days of signature of the agreement by the purchaser.

19 How secure are my funds?

All deposits are held in trust for the benefit of the purchaser by the conveyancers, Easton- Berry & Associates Inc.

20 Are deposits refundable?

Deposits will only be refunded if any of the suspensive conditions in the purchase agreement are not fulfilled.

21 Is the full deposit refundable?

In the event of the deposit being refunded, you will receive your full deposit, including the interest thereon, less an admin fee of R300 (excluding Vat).

22 How is the interest on my deposit derived?

The deposits are held in an Investec Corporate Cash Manager Account generating interest for the purchaser.

23 Are the bond registration and transfer costs included in the purchase price?

No.

24 Can I purchase an apartment as an investment and rent it out?

Once you have taken transfer of your apartment you are entitled to rent it out.

25 Can I resell my apartment before completion and transfer has been effected?

Yes – however the first purchaser must take transfer before the second transaction can be effected.

26 What is the architectural theme of THE CUBE?

Modern Contemporary

27 Who is the development team?

THE CUBE has been developed by the talented, efficient and highly experienced team as listed below :

• Project Management
  Motprop Development Management
  Ken Fann (director)
  
  
• Architect
  Elphick Proome Architects
  Jonathan Hall (partner)
  
  
• Civil & Structural Engineer
  GOBA (Pty) Ltd
  Pieter Boorsma (director)
  
  
• Electrical Engineers
  Rawlins Wales & Partners - RWP
  (Mannie Alvereo)
  
  
• Quantity Surveyor
  Walter & Simpson
  Dave Griffiths (partner)
  
  
• Land Surveyor
  Lawrence Ausmeier
  
  
• Legal / Conveyancer
  Easton-Berry & Associates Inc
  Greg Stewart (director)
  
  
• Contractor
  Grid Construction (Pty)Ltd
  Bruce Winship (CEO)
  
  
• Managing Agent
  Unlimited Townhouses
  Basil Smit
  

28 How will THE CUBE be secured?

Access to the pavement-level multi-use units will be directly from the street. All the apartments will be accessed through the main, fully- secured entrance or from the parking area.

Each apartment will be connected to each access point by telephone.

The entire Umhlanga Ridge New Town Centre is monitored and patrolled by an independent security company under the management of the Umhlanga Ridge Town Centre Management Association.

29 May owners install their own security system in their apartments?

Owners may install their own security system and are encouraged to do so. The only proviso is that to ensure the most effective possible security, the system should be linked to the security company protecting the entire development.

30 Will satellite TV be provided?

Each apartment will be connected to a communal DSTV dish; however owners will need to provide their individual decoder. Each apartment will have a DSTV connection in the lounge area.

31 What maintenance is each individual owner responsible for?

Owners must maintain the interior of their apartment.

32 Who is responsible for the external façade of the building as well as the common property?

These areas will be maintained to an exceptionally high standard by maintenance staff under the supervision of the managing agent – on behalf of the Body Corporate.

33 What insurance are the individual owners responsible for?

The Body Corporate insures the buildings and common property, based on an independent valuation. However, each owner must insure their household contents as these items are not covered by the Body Corporate insurance.

34 How much is the monthly levy?

A detailed breakdown of the levy structure is included in the marketing documentation.

35 What expenses are not included in the monthly levy?

Water and electricity will be separately metered and each owner will be invoiced directly by the service provider. All other expenses are covered by the levy.

36 Are the shops / offices and apartments air-conditioned?

NO Air-conditioning supplied

37 Are all the apartments connected to the main entrance?

Each apartment is connected to the main entrance by intercom.

38 Are kitchen appliances supplied by the developer?

An oven and hob are supplied

39 Will the development be registered with the NHBRC?

Registration with the NHBRC is a legal requirement with which THE CUBE complies.

40 Are pets allowed at THE CUBE?

Unfortunately, THE CUBE is not ideally suited for the keeping of pets - they are therefore not allowed.

41 Will domestics be permitted to live on the premises?

No.

42 Will purchasers be able to choose their own internal finishes?

An extensive range of internal finishes is available from which to select the finishes for each apartment.

43 Are there facilities for drying laundry?

A secure, screened drying area will be provided on the roof top – subject to approval being granted by the relevant authorities.

44 Will barbeque facilities be provided?

No.

45 Is there a swimming pool?

No.

46 Is THE CUBE wheelchair friendly?

Yes – access to each apartment is via an elevator and along level covered walkways.

47 Are there additional parking bays available to purchase?

Yes – please note that each additional parking bay carries an additional monthly levy of R25 including vat per bay

6 september 2007