43 Elizabeth Street Information Memorandum

43 Elizabeth Street, Rotorua INFORMATION MEMORANDUM

Table of ContentsContents• Executive Summary• Introduction• The Location• Sales Process• Statement of General PolicyAppendices: Brochure Certificates of Title Land Information Memorandum Auction Terms and Conditions of Sale

Executive SummaryFormal Address: Sheryl RowellFlats 1, 2 3 and 4, 43 Elizabeth Street, Rotorua Business: 07 349 5357 Mobile: 027 295 7979Legal Description: Email: [email protected] 36 DP17403, Flats 1,2,3 and 4 DPS38294Land Rates:Approximately $4,938.01 plus GST per annumLand Tenure:Crosslease (Fee Simple)Land Value:$232,000Improvements Value:$248,000Capital Value$480,000Method of Sale:Auction1pm, Thurs 14 April 2016 (unless sold prior)The BNZ Partners Business Centre,First Floor, 1202-1212 Amohau Street, RotoruaWebsite:www.bayleys.co.nz/2846301Sole Agent:Mark RendellBusiness: 07 349 5368Mobile: 027 225 6275Email: [email protected]

IntroductionFavoured as Sole Agents by the Vendor, Bayleys Real Estate, Rotorua is pleased to offer for sale43 Elizabeth Street, RotoruaSignificant attributes of this property include:• Four solid brick tenanted two bedroom apartments• Covered allocated parking space for each apartment• Current return $47,840 per annum• Superb location within walking distance of central city and local amenities• Possibility of further development on large land area of 1,009m² more or less

The Location

Sales Process43 Elizabeth Street, Rotorua is being offered for sale by Auction1pm, Thurs, 14 April 2016 (unless sold prior)The BNZ Partners Business Centre,First Floor, 1202-1212 Amohau Street, RotoruaOffers and correspondence must be made through Bayleys in all instances.The Information MemorandumThe purpose of this Information Memorandum is to provide information in relation to theproperty that is available. It is produced solely as a general guide for interested parties. It doesnot constitute valuation, legal or consultancy advice.This document is strictly confidential to the recipient and information contained herein maynot be disclosed to any other party and it may not be used or reproduced either in whole orin part without the written consent of the vendor or the selling agents.All areas, dimensions and measurements referred to in this Information Memorandum aremetric and prospective purchasers should confirm these during their due diligence.InspectionsAll inspections of the property by a purchaser and/or consultants are to be by priorappointment, and arranged through a Bayleys Representative.Contact:Mark RendellBusiness: 07 349 5368Mobile: 027 225 6275Email: [email protected] RowellBusiness: 07 349 5357Mobile: 027 295 7979Email: [email protected] Realty Limited, Bayleys, Licensed under the REA Act 2008

Statement of General Policy• This report and the particulars contained herein do not form part of any contract.• Whilst due care has been taken in the preparation of this report, no representation is made and no responsibility is accepted for the accuracy of the whole or any part. Interested parties are advised to make their own enquiries and satisfy themselves in all respects.• Neither the whole nor any part of this report or any reference to it, may be included in any public document, circular or statement, without our written approval of the form and context in which it would appear.• This report does not purport in any way to be a structural or geological survey of the buildings and properties and we accept no responsibility in respect of such matters. It is assumed the land provides a stable building platform, and that the improvements all lie within the title boundaries and that there is no liability within the terms of the Resource Management Act or Building Act.• Any sketch plan or map in this report is included to assist the reader in visualising the property. We have made no survey of the property and assume no responsibility in respect of such matters. It is assumed all improvements are within the title boundaries.• Information about and measurements of buildings have been provided as a guide only and derived from existing records. No undertakings are made as their accuracy no responsibility accepted by the Vendor or agent in respect of their accuracy.• This information has been supplied by the vendor or the vendor’s agents. Accordingly Bayleys is merely passing over the information as supplied to us by the vendor or the vendor’s agents. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and intending purchasers are advised to conduct their own due diligence investigation into the same.

AppendicesBrochure





TENANCY SCHEDULE: 43 Elizabeth Street, RotoruaAS AT: March 2016Tenancy Type / Name Date Lease Current Rental Area Leased (approx.) Commenced 59m² 59m²Flat 1 June 2013 $13,000 per annum 59m² ($250 per week) 59m²Flat 2 August 2015 $11,960 per annum ($230 per week)Flat 3 March 2007 $11,440 per annum ($220 per week)Flat 4 June 2012 $11,440 per annum ($220 per week) Total Rental $47,840 per Total floor Area 236m² annum approx.Notes:

AppendicesCertificate of Title

Property Guru document ordering serviceCertificate of Title with diagram: 52B/216CoreLogic Reference: 1785767/1Processed: 27 January 2016Sourced from Property Guru, a CoreLogic solution. For any queries about this document or this service please call0800 355 355 or email documentordering@corelogic.co.nz.abccddeeffgghhijikjklmlmnonpoqprqsrtusvtuwvxwyzxyAzBACBDCEDFGEFHGIJHKILJMKNLMOPNQORPSQTRUSVTWUVXWYZXY12Z3142536475869708-9=0 ~- =! @~ !#@$ #%$^%* (^)*_(+) _[ ]+\ ;[ ,] .\ /;{, }. |/ :{?} '| &: ?' \"' <&>' \" < >

COMPOSITE COMPUTER REGISTER UNDER LAND TRANSFER ACT 1952 Search CopyIdentifier SA52B/216Land Registration District South AucklandDate Issued 11 May 1993Prior ReferencesSA1281/21Estate Fee Simple - 1/2 shareArea 1009 square metres more or lessLegal Description Lot 36 Deposited Plan 17403ProprietorsMarius Lagerweij and Gijsje Geertje Wilhelmina Van Schaik LagerweijEstate Leasehold Instrument L B139584.2 Term 999 years commencing on 1.5.1993Legal Description Flat 1-2 Deposited Plan South Auckland 38294ProprietorsMarius Lagerweij and Gijsje Geertje Wilhelmina Van Schaik LagerweijInterestsSubject to Section 15 Rotorua Town Lands Act 1920 (Affects Fee Simple)Appurtenant hereto is a party wall right created by Transfer H531396 (Affects Fee Simple)Subject to a party wall right over part created by Transfer H531396 (Affects Fee Simple)B139584.2 Lease of Flat 1-2 DP South Auckland 38294 Term 999 years commencing on 1.5.1993 Composite CTSA52B/216 issued - 11.5.1993 (Affects Fee Simple)Land Covenant in Lease B139584.2 - 11.5.1993 (Affects Fee Simple)B139584.3 Lease of Flats 3 and 4 DPS 38294 Term 999 years commencing on 1.5.1993 Composite CT SA52B/217issued - 11.5.1993 (Affects Fee Simple)Land Covenant in Lease B139584.3 - 11.5.1993 (Affects Fee Simple)9201945.1 Mortgage to Westpac New Zealand Limited - 9.10.2012 at 1:24 pmTransaction Id 45785567 Search Copy Dated 27/01/16 10:53 am, Page 1 of 1Client Reference btesnado001 Register Only



Property Guru document ordering serviceCertificate of Title with diagram: 52B/217CoreLogic Reference: 1785763/1Processed: 27 January 2016Sourced from Property Guru, a CoreLogic solution. For any queries about this document or this service please call0800 355 355 or email documentordering@corelogic.co.nz.abccddeeffgghhijikjklmlmnonpoqprqsrtusvtuwvxwyzxyAzBACBDCEDFGEFHGIJHKILJMKNLMOPNQORPSQTRUSVTWUVXWYZXY12Z3142536475869708-9=0 ~- =! @~ !#@$ #%$^%* (^)*_(+) _[ ]+\ ;[ ,] .\ /;{, }. |/ :{?} '| &: ?' \"' <&>' \" < >

COMPOSITE COMPUTER REGISTER UNDER LAND TRANSFER ACT 1952 Search CopyIdentifier SA52B/217Land Registration District South AucklandDate Issued 11 May 1993Prior ReferencesSA1281/21Estate Fee Simple - 1/2 shareArea 1009 square metres more or lessLegal Description Lot 36 Deposited Plan 17403ProprietorsMarius Lagerweij and Gijsje Geertje Wilhelmina Van Schaik LagerweijEstate Leasehold Instrument L B139584.3 Term 999 years commencing on 1.5.1993Legal Description Flat 3-4 Deposited Plan South Auckland 38294ProprietorsMarius Lagerweij and Gijsje Geertje Wilhelmina Van Schaik LagerweijInterestsSubject to Section 15 Rotorua Town Lands Act 1920 (Affects Fee Simple)Appurtenant hereto is a party wall right created by Transfer H531396 (Affects Fee Simple)Subject to a party wall right over part created by Transfer H531396 (Affects Fee Simple)B139584.2 Lease of Flats 1 and 2 DPS 38294 Term 999 years commencing on 1.5.1993 Composite CT SA52B/216issued - 11.5.1993 (Affects Fee Simple)Land Covenant in Lease B139584.2 - 11.5.1993 (Affects Fee Simple)B139584.3 Lease of Flat 3-4 DP South Auckland 38294 Term 999 years commencing on 1.5.1993 Composite CTSA52B/217 issued - 11.5.1993 (Affects Fee Simple)Land Covenant in Lease B139584.3 - 11.5.1993 (Affects Fee Simple)9201945.1 Mortgage to Westpac New Zealand Limited - 9.10.2012 at 1:24 pmTransaction Id 45783846 Search Copy Dated 27/01/16 10:53 am, Page 1 of 1Client Reference acosgrove001 Register Only



AppendicesLand Information Memorandum Report



RDC-LIM4818-OTHER 2Regulatory, Rates & Parks - For any queries please contact departments listed below Disclaimer The information contained in this LIM has been taken from Council’s records as they stand and this LIM can only supply information known to Council. There may be other issues relating to the property that the applicant needs to investigate, such as information on Property titles. An on-site inspection has not been undertaken for the purposes of this Land Information Memorandum Report. This LIM was produced using both automatic and manual processing. Some of the automatic processing includes spatial checks for relative locations of features. Please read the following notes on those data sources. SPATIAL DATA SETS Accuracy of property boundaries +/- 0.2m - 0.3m in urban areas and up to +/- 30m in rural areas. Property boundaries, legal descriptions and legal areas sourced from LINZ. Contours 1m, are derived from the processing of 2011 aerial photography Projection: New Zealand Transverse Mercator. New Zealand Geodetic Datum 2000 GeyserView represents Council's most up to date compiled and published data. Council does not warrant the accuracy of the information represented by this map. LINZ Licenses. CROWN COPYRIGHT RESERVED. AERIAL IMAGERY Aerial Imagery flown 2011 Accuracy of 1:1000 dataset aerial imagery +/- 0.5m. Accuracy of 1:5000 dataset aerial imagery +/- 12.5m.

RDC-LIM4818-OTHER 3Regulatory, Rates & Parks - For any queries please contact departments listed belowGeothermal Contact - General Inspector Geothermal – 07 3484199Is there any information known to Council with regard to geothermal on site? NoCouncil has disclosed above in this LIM the geothermal features and characteristics (ifany) of the property known to it. However, Bay Of Plenty Regional Council has alegal obligation to identify natural hazards on properties, including geothermal activity.Accordingly, enquiry should prudently be made of Bay Of Plenty Regional Council inregard to same. Council accepts no responsibility for any damage or loss, incurred byany person arising from such geothermal activity.The Rotorua Air Quality Control Bylaw Contact - General Inspector Geothermal – 07 3484199Does the property fall within the Rotorua Airshed? YesOn 26 August 2010 Council adopted the Rotorua Air Quality Control Bylaw (the Bylaw).The purpose of the Bylaw is to restrict and reduce emissions of fine particulates from oldand inefficient solid-fuel burners being used for home heating in the Rotorua UrbanAirshed (the Airshed). The Bylaw applies to all homes within the Airshed.The Bylaw is made up of three rules which come into effect over five years.New Burner Rule – From 1 December 2010 there is a restriction on the installation of newburners. No solid-fuel burner can be installed in any house unless it is on the Ministry forthe Environment’s current National List of Authorised Wood Burners or Pellet Burner Listor meets the design standard and thermal efficiency standard of the air standard.Point of Sale Rule – From 1 May 2012 any solid-fuel burner that was; installed prior to 1September 2005 or; is not on the Ministry for the Environment’s current National List ofAuthorised Wood Burners or Pellet Burner List or; does not meet the design standard andthermal efficiency standard of the air standard and thermal efficiency standard of the airstandard must be removed or replaced by the vendor before a transfer of ownership ofthe house can take place (except for Heritage Buildings).Ban on indoor Open Fires – From 1 May 2015 no discharges from any indoor open firesare permitted, except for Heritage Buildings.A full copy of the Bylaw is on Council’s website http://www.rotorualakescouncil.nz or formore information contact Bay of Plenty Regional Council on 0800 468792 or visithttp://www.boprc.govt.nzLiquor Licensing Contact – General Inspector Liquor – 07 3484199Is there any information known to Liquor Licensing in relation to the subject property? NoEnvironmental Health Contact – Environmental Health Officer – 07 3484199Is there any information known to Environmental Health in relation to the subject property? NoSports and Recreation Reserves Contact – Open Space Operations Advisor – 07 3484199Is there any information known to Sports and Recreation in relation to the subject property? No

RDC-LIM4818-OTHER 4Regulatory, Rates & Parks - For any queries please contact departments listed belowValuation / Rates / Metered Water Contact – Rates Team Leader – 07 3484199Valuation Roll Number: 06520*482*00*G Property No: P03424Current Rating Valuation Land Value Capital Value01 JUL 2014 $116,000 $240,000Prior Rating Valuation $122,000 $246,00001 JUL 2011Current Rating Information dated 22 February 2016Total Annual Rates for year ending 30 June 2016 $2839.36Rates charges comprised of: Rate Unit Amount 0.003059 General Rate Residential Urban 2 Unit 575. 240,000 $734.16 Uniform Annual General Charge 19.55 Lakes Enhancement Rate 3.22 1 $575.00 Urban Sewerage Development Rate 447.005 Sewage Disposal Charge 1-4 Pans 163.3 1 $19.55 Urban Refuse 1 $3.22 2 $894.01 2 $326.60 District Total: $2,552.54B O P Regional Council Gen Rate 0.000328 116,000 $38.05Bop Uniform Annual Gen Charge 87.331Bop Passenger Transport Rate 26.611 1 $87.33Lakes Restoration Rate <2Ha 86.9515Bop Air Action Plan 21.1255 1 $26.61Kaituna Catchment Scheme Ro3 S 870.1705Kaituna Catchment Scheme Ro3 A 31.326 1 $86.95 1 $21.13 0.0300 $26.11 0.0204 $0.64 Region Total: $286.82 TOTAL: $2,839.36Rates (incl any arrears) owing as at 22/02/2016: $709.84Rates to clear 30th June 2016: $1,419.69Please contact Council on (07) 348 4199 if you require any further details.All amounts shown are inclusive of GST.Rates are charged in four instalments for the period commencing 1 July and ending 30June each year:1st Instalment 1 July – 30 September Final Date for Payment 20 August2nd Instalment 1 October – 31 December Final Date for Payment 20 November3rd Instalment 1 January – 31 March Final Date for Payment 20 February4th Instalment 1 April – 30 June Final Date for Payment 20 MayMetered Water Details: This property has metered water from the Urban Water Supply and is billedquarterly.The current balance is $111.83.Meter ID Meter Location7722 9m LHB

RDC-LIM4818-PLANNING - 5Planning Services - For any queries please contact planning duty officer – 07 3484199Land Features Characteristics: (including erosion and hazards) NoIs there any information known to Council with regard to other features?(Other Land Feature information may be advised in the Resource Engineers section of this LIM)Planning/Resource Management Act 1991Resource Consents In addition to the planning consent lodged against this property, copies of correspondence regarding certification of the flats plan are on the property file. See document D-190733. A copy of the deposited flats plan is also on the file.Consent No. Date of Decision Activity Type Activity Description Status Land use Carports on side GRANTED66/2/86/9 3 Jul 1986 boundary. See document: D-190734Consent Notices or Covenants There are covenants registered against this property and shown on the Certificate of Title. Council does not hold these documents. It is recommended that these documents are reviewed to clearly understand the details.Proposed Rotorua District Plan StatusCouncil has reviewed the Operative Rotorua District Plan (with the exception of Part 20– known as the ‘Lakes A Zone’). The Proposed Rotorua District Plan (Proposed Plan)was publicly notified on 31 October 2012 and decisions on submissions received havebeen released and the appeal period has now closed.Until a determination has been made which identifies those parts of the ProposedDistrict Plan that are under appeal, the provisions of both of the Operative District Planand the Proposed District Plan are considered.Please contact Council’s Planning Policy team on 07 348 4199 if you’d like to discussany aspect of the Proposed District Plan and the appeals.Operative Rotorua District PlanBefore undertaking any activity on the land you are advised to look at the relevantprovisions of both the Operative and Proposed District Plans. Both the Operative andProposed Plans are available on Council’s website http://www.rotorualakescouncil.nzunder Our Services / Planning Services / District Plan.Should you be unsure about any aspect you may wish to gain further information fromPlanning Services staff by phoning (07) 348 4199 for an appointment with the DutyPlanner. You can also email enquiries to mailto:[email protected] oralternatively you may also wish to seek independent professional advice.District Plan Zoning The land is currently zoned Residential C (High Density) as shown on Planning Map Sheets 32, 108, 208 of the Operative District Plan. In the Proposed District Plan, the land is zoned Residential 2 as shown on Proposed Planning Map Sheets 335. (Copies of the relevant Planning Maps are enclosed for your information).Adjoining Land No Are there any District Plan matters, Land Use or Subdivision Consent matters of note on the adjacent property or properties in the immediate vicinity?

RDC-LIM4818-PLANNING - 6Planning Services - For any queries please contact planning duty officer – 07 3484199Central Business District NoIs the property located within the Central Business District?Designations NoIs the land designated?Is the airspace above the land designated? NoDoes the land adjoin any designated land? Yes All urban roads within the Rotorua District are designated. NoIs the land potentially affected by other designations in the vicinity?Is the land potentially affected by a notice of requirement (proposed designation) in the vicinity? NoScheduled Site NoIs the land a scheduled site?Road Widening NoIs the land affected by road widening proposals?Service Lanes NoIs there a proposed service lane affecting the land?Height Restriction Areas NoIs the land subject to special height restrictions?Natural and Cultural Heritage Inventory NoAre there natural or cultural heritage features on the land identified in the District Plan? If you intend to carry out a specific development proposal, a site-specific investigation may be required to identify unrecorded archaeological sites, natural or cultural heritage features. Specific approval may be required under the Historic Places Act.Rotorua Regional AirportIs the land subject to the Rotorua Regional Airport Noise Control and Mitigation requirements? NoHazardous SubstancesAre there any resource consents for hazardous substances for this property? NoAre there any former dangerous goods licences for this property? NoIs this property listed on the regional councils Hazardous Activities Industry List (HAIL)? NoIs there anything known to Council identifying any likely presence of hazardous contamination? NoThe following is some more information about HAIL activities and contaminated land,and what to look out for when buying or selling property: Ministry for the Environment:Is my land contaminated?http://www.mfe.govt.nz/issues/managing-environmental-risks/contaminated-land/is-land-contaminated/index.html

RDC-LIM4818-PLANNING - 7Planning Services - For any queries please contact planning duty officer – 07 3484199Classification of Land/Buildings by Other Statutory Organisations NoAre there any classifications notified to this Council by other Statutory Organisations?Although Council has disclosed above any information which has been notified to it byany statutory organisation having the power to classify land or buildings for anypurpose, the applicant is advised that the information so notified may not be exhaustive.Other statutory organisations, principally but not exclusively Regional Councils, play alarge regulatory role in regard to properties in the Rotorua District. To obtain furtherinformation, the applicant may wish to make enquiries of:Bay of Plenty Regional Council (Head Office)PO Box 364,WHAKATANE 3158Phone (0800) 884 [email protected] of Plenty Regional Council (Rotorua Office)1125 Arawa StreetROTORUAPhone (07) 921 3370Rural Properties (only) within 25 metres of Lakes, Rivers, StreamsIs the property within the Rural A, B, C, D, E or G zone? NoIn the Rural A, B, C, D, E, and G zone no building, waste disposal facility or structuresfor confined animal farming may be erected within 25 metres of any river or stream, thebed of which has an average width of 3 metres or more, or from any lake with a surfacearea of 8 hectares, or within 5 metres of any esplanade reserve or strip.Lakes and Foreshore Structures NoIs there any information known to Council with regard to lakes/foreshore structures?Other Comments

RDC-LIM4818-RES_ENG 8Resource Engineering - For any queries please contact duty officer – 07 3484199 No Land Features Characteristics: (including erosion and hazards) Is there any detail of filling on the land known to the Council?Is there any information known to Council with regard to other features? YesThe Proposed Rotorua District Plan Planning Maps included a series of “Special Interest”maps. The Special Interest map that is relevant to this site is attached210 - Areas of Soft Ground Potential.213 – Geothermal Fields of the Rotorua District.It is important to note this information has been produced at a district wide level and isbased on a desktop study – no field investigation of the subject property has beenundertaken to produce the attached mapping. The full report is available on Council'swebsite http://www.rotorualakescouncil.nz. The map does not trigger any district planrules (either operative or proposed) and is provided for information purposes, and as apreliminary indicator that this hazard may impact on the ability to further develop thisproperty.Further investigation by a suitably qualified professional may be required to ensure theland is suitable for development.(Other Land Feature information may be advised in the Planning section of this LIM)Private/Public Drains/EasementsAre there any private/public drains known to Council to cross this property? Yes There is a waste water main on this property, refer to attached services plan for location. Location of pipe networks may contain data capture inaccuracies. Please refer to disclaimer on page 2.Are there any easements known to Council on this property? NoAre there any manholes known to Council on this property? NoIf you notice any manhole lids displaced or not fitting properly please notify Councilimmediately.Development Contributions NoAre there any outstanding Development Contributions associated with any projects on thisproperty?Drinking Water Supply ServicesIs the property served by a Rotorua Lakes Council Water Supply Utility? YesThis is a Cross-lease property which has a shared water connection with a neighbouringproperty. Whilst this is permitted under current Bylaws consideration should be given tohaving a separate water connection.Currently the property has a shared metered connection. However where unit title/crosslease properties are in individual ownership and are rated Urban Residential an ‘UrbanWater Connected’ charge is incorporated in the Property Rates for each separately ratedportion and the metered charges removed. The Property Rates will be changed for the2016/2017 rating year.Are there any requisitions known to Council regarding these services? No

RDC-LIM4818-RES_ENG 9Resource Engineering - For any queries please contact duty officer – 07 3484199Are there any Capital Contributions outstanding to this Water Supply? NoAre there any Back flow prevention device requirements? NoReticulated Public Sewer and Trade Waste Services Yes YesIs the property served by a Rotorua Lakes Council sewer? Sewerage reticulation present. See Services Plan (Copy attached).Is the property connected to the Rotorua Lakes Council sewer?Is there any information known to Trade Waste in relation to the property? NoAre there any Trade Waste Bylaw issues / requisitions known to Council in relation to this Noproperty?Reticulated Stormwater Drainage and Pollution Control Services NoIs the property served by Rotorua Lakes Council reticulated stormwater drainage?Is there any information about reticulated stormwater drainage issues in relation to this Noproperty?Are there any Pollution Control Bylaw issues / requisitions known to Council in relation to thisproperty? NoVehicle Crossings There is a requirement under the District Plan and local bylaws for every property to have a properly formed and sealed vehicle crossing in accordance with the Rotorua Civil Engineering Industry Standard. Please be aware that if this property has an unsealed vehicle crossing, Council may request that this be brought up to standard at any time at the owners' expense.Other Comments

RDC-LIM4818-BUILDING 10Building Services - For any queries please contact building duty officer – 07 3484199 No Building Services: Are there any Information Notices issued by Building Services on the Council property file?Building Consents/Certificates/Notices/Orders/RequisitionsBuilding Consents & Permits / Plumbing & Drainage Permits / Certificates of Acceptance Reference number Date issued Description of Work Status Status DateBCD073324-P03424 5/08/1986BCB057314-P03424 30/09/1983 BCD073324 - Carport Unknown Pre-1991 PermitsBC1887-P03424 22/07/1970 BCB057314 - Carport - Flat 1 Unknown Pre-1991 PermitsBCA131091-P03424 16/07/1970 BC1887 - Plumbing and drainage to Unknown Pre-1991 Permits four flats Unknown Pre-1991 Permits BCA131091 - Demolish cottage and erect four flatsKEY to terms used regarding status of Building Consent / PermitUnknown / Pre 1991 Permits Council has either no records of inspections, no final inspections undertaken, no records, or the work was completed without inspections. Please refer to the building permit inspection card, if any, for final status.Approved exempt building work (1st Schedule NZBA 2004) NoHave there been any notifications of exempt building work?Independent reports NoAre there any independent reports on file?Building Act requisitions or Modifications to Building Consent NoAre there any Building Act requisitions or Modifications to Building Consent?Compliance Schedules and Building Warrant of Fitness NoHas there been a Compliance Schedule issued for any buildings on the property?Determinations issued by the Ministry of Business, Innovation and Employment (MBIE)Have there been any Determinations issued by the MBIE? NoWeathertight Homes Resolution Service Act 2006 NoAre there any known issues regarding weathertightness?Notice To Fix (Section 124 Building Act 2004) NoAre there any outstanding Notices to Fix?Unresolved Complaints NoAre there any unresolved complaints?Earthquake prone buildings (Section 124 Building Act 2004) NAWill any building/s within this property require a structural assessment to be undertaken?Residential Buildings only require an earthquake assessment if the building comprisesof 2 or more storeys and contains 3 or more household units and had been constructedprior to 1977.http://www.rdc.govt.nz/Services/~/media/RDC/Files/CouncilDocuments/Policies/Building_Policy%20on%20Earthquake%20Prone%20Buildings.ashx

RDC-LIM4818-BUILDING 11Building Services - For any queries please contact building duty officer – 07 3484199Fencing of Swimming Pools Act 1987 NoIs there a pool on the RDC register? Obligations of owner and persons in control of pool Every owner and/or persons in control of a pool must ensure that the pool is fenced in accordance with the Fencing of Swimming Pools Act 1987 and that the swimming and spa pool is placed onto the RDC register. Every owner and/or persons in control of a pool the swimming / spa pools need to ensure that these pools are not filled with water until after being inspected by Council. http://www.legislation.govt.nz/act/public/1987/0178/latest/DLM124442.htmlOther comments



RDC-LIM4816-OTHER 2Regulatory, Rates & Parks - For any queries please contact departments listed below Disclaimer The information contained in this LIM has been taken from Council’s records as they stand and this LIM can only supply information known to Council. There may be other issues relating to the property that the applicant needs to investigate, such as information on Property titles. An on-site inspection has not been undertaken for the purposes of this Land Information Memorandum Report. This LIM was produced using both automatic and manual processing. Some of the automatic processing includes spatial checks for relative locations of features. Please read the following notes on those data sources. SPATIAL DATA SETS Accuracy of property boundaries +/- 0.2m - 0.3m in urban areas and up to +/- 30m in rural areas. Property boundaries, legal descriptions and legal areas sourced from LINZ. Contours 1m, are derived from the processing of 2011 aerial photography Projection: New Zealand Transverse Mercator. New Zealand Geodetic Datum 2000 GeyserView represents Council's most up to date compiled and published data. Council does not warrant the accuracy of the information represented by this map. LINZ Licenses. CROWN COPYRIGHT RESERVED. AERIAL IMAGERY Aerial Imagery flown 2011 Accuracy of 1:1000 dataset aerial imagery +/- 0.5m. Accuracy of 1:5000 dataset aerial imagery +/- 12.5m.

RDC-LIM4816-OTHER 3Regulatory, Rates & Parks - For any queries please contact departments listed belowGeothermal Contact - General Inspector Geothermal – 07 3484199Is there any information known to Council with regard to geothermal on site? NoCouncil has disclosed above in this LIM the geothermal features and characteristics (ifany) of the property known to it. However, Bay Of Plenty Regional Council has alegal obligation to identify natural hazards on properties, including geothermal activity.Accordingly, enquiry should prudently be made of Bay Of Plenty Regional Council inregard to same. Council accepts no responsibility for any damage or loss, incurred byany person arising from such geothermal activity.The Rotorua Air Quality Control Bylaw Contact - General Inspector Geothermal – 07 3484199Does the property fall within the Rotorua Airshed? YesOn 26 August 2010 Council adopted the Rotorua Air Quality Control Bylaw (the Bylaw).The purpose of the Bylaw is to restrict and reduce emissions of fine particulates from oldand inefficient solid-fuel burners being used for home heating in the Rotorua UrbanAirshed (the Airshed). The Bylaw applies to all homes within the Airshed.The Bylaw is made up of three rules which come into effect over five years.New Burner Rule – From 1 December 2010 there is a restriction on the installation of newburners. No solid-fuel burner can be installed in any house unless it is on the Ministry forthe Environment’s current National List of Authorised Wood Burners or Pellet Burner Listor meets the design standard and thermal efficiency standard of the air standard.Point of Sale Rule – From 1 May 2012 any solid-fuel burner that was; installed prior to 1September 2005 or; is not on the Ministry for the Environment’s current National List ofAuthorised Wood Burners or Pellet Burner List or; does not meet the design standard andthermal efficiency standard of the air standard and thermal efficiency standard of the airstandard must be removed or replaced by the vendor before a transfer of ownership ofthe house can take place (except for Heritage Buildings).Ban on indoor Open Fires – From 1 May 2015 no discharges from any indoor open firesare permitted, except for Heritage Buildings.A full copy of the Bylaw is on Council’s website http://www.rotorualakescouncil.nz or formore information contact Bay of Plenty Regional Council on 0800 468792 or visithttp://www.boprc.govt.nzLiquor Licensing Contact – General Inspector Liquor – 07 3484199Is there any information known to Liquor Licensing in relation to the subject property? NoEnvironmental Health Contact – Environmental Health Officer – 07 3484199Is there any information known to Environmental Health in relation to the subject property? NoSports and Recreation Reserves Contact – Open Space Operations Advisor – 07 3484199Is there any information known to Sports and Recreation in relation to the subject property? No

RDC-LIM4816-OTHER 4Regulatory, Rates & Parks - For any queries please contact departments listed belowValuation / Rates / Metered Water Contact – Rates Team Leader – 07 3484199Valuation Roll Number: 06520*482*00*H Property No: P18634Current Rating Valuation Land Value Capital Value01 JUL 2014 $116,000 $240,000Prior Rating Valuation $122,000 $246,00001 JUL 2011Current Rating Information dated 22 February 2016Total Annual Rates for year ending 30 June 2016 $2839.36Rates charges comprised of: Rate Unit Amount 0.003059 General Rate Residential Urban 2 Unit 575. 240,000 $734.16 Uniform Annual General Charge 19.55 Lakes Enhancement Rate 3.22 1 $575.00 Urban Sewerage Development Rate 447.005 Sewage Disposal Charge 1-4 Pans 163.3 1 $19.55 Urban Refuse 1 $3.22 2 $894.01 2 $326.60 District Total: $2,552.54B O P Regional Council Gen Rate 0.000328 116,000 $38.05Bop Uniform Annual Gen Charge 87.331Bop Passenger Transport Rate 26.611 1 $87.33Lakes Restoration Rate <2Ha 86.9515Bop Air Action Plan 21.1255 1 $26.61Kaituna Catchment Scheme Ro3 S 870.1705Kaituna Catchment Scheme Ro3 A 31.326 1 $86.95 1 $21.13 0.0300 $26.11 0.0205 $0.64 Region Total: $286.82 TOTAL: $2,839.36Rates (incl any arrears) owing as at 22/02/2016: $709.84Rates to clear 30th June 2016: $1,419.69Please contact Council on (07) 348 4199 if you require any further details.All amounts shown are inclusive of GST.Rates are charged in four instalments for the period commencing 1 July and ending 30June each year:1st Instalment 1 July – 30 September Final Date for Payment 20 August2nd Instalment 1 October – 31 December Final Date for Payment 20 November3rd Instalment 1 January – 31 March Final Date for Payment 20 February4th Instalment 1 April – 30 June Final Date for Payment 20 MayMetered Water Details: This property does not have metered water.

RDC-LIM4816-PLANNING - 5Planning Services - For any queries please contact planning duty officer – 07 3484199Land Features Characteristics: (including erosion and hazards) NoIs there any information known to Council with regard to other features?(Other Land Feature information may be advised in the Resource Engineers section of this LIM)Planning/Resource Management Act 1991Resource Consents and other Planning Consents In addition to the planning consent lodged against this property, copies of correspondence regarding certification of the flats plan are on the property file. See document D-190733. A copy of the deposited flats plan is also on the file.Consent No. Date of Decision Activity Type Activity Description Status Land use Carports on side GRANTED66/2/86/9 3 Jul 1986 boundary. See document: D-190734Consent Notices or Covenants There are covenants registered against this property and shown on the Certificate of Title. Council does not hold these documents. It is recommended that these documents are reviewed to clearly understand the details.Proposed Rotorua District Plan Status Council has reviewed the Operative Rotorua District Plan (with the exception of Part 20 – known as the ‘Lakes A Zone’). The Proposed Rotorua District Plan (Proposed Plan) was publicly notified on 31 October 2012 and decisions on submissions received have been released and the appeal period has now closed. Until a determination has been made which identifies those parts of the Proposed District Plan that are under appeal, the provisions of both of the Operative District Plan and the Proposed District Plan are considered. Please contact Council’s Planning Policy team on 07 348 4199 if you’d like to discuss any aspect of the Proposed District Plan and the appeals.Operative Rotorua District Plan Before undertaking any activity on the land you are advised to look at the relevant provisions of both the Operative and Proposed District Plans. Both the Operative and Proposed Plans are available on Council’s website http://www.rotorualakescouncil.nz under Our Services / Planning Services / District Plan. Should you be unsure about any aspect you may wish to gain further information from Planning Services staff by phoning (07) 348 4199 for an appointment with the Duty Planner. You can also email enquiries to mailto:[email protected] or alternatively you may also wish to seek independent professional advice.District Plan Zoning The land is currently zoned Residential C (High Density) as shown on Planning Map Sheet 32 of the Operative District Plan. In the Proposed District Plan, the land is zoned Residential 2 as shown on Proposed Planning Map Sheets 335. (Copies of the relevant Planning Maps are enclosed for your information).

RDC-LIM4816-PLANNING - 6Planning Services - For any queries please contact planning duty officer – 07 3484199Adjoining Land No Are there any District Plan matters, Land Use or Subdivision Consent matters of note on the adjacent property or properties in the immediate vicinity?Central Business District NoIs the property located within the Central Business District?Designations NoIs the land designated?Is the airspace above the land designated? NoDoes the land adjoin any designated land? Yes All urban roads within the Rotorua District are designated. NoIs the land potentially affected by other designations in the vicinity?Is the land potentially affected by a notice of requirement (proposed designation) in the vicinity? NoScheduled Site NoIs the land a scheduled site?Road Widening NoIs the land affected by road widening proposals?Service Lanes NoIs there a proposed service lane affecting the land?Height Restriction Areas NoIs the land subject to special height restrictions?Natural and Cultural Heritage Inventory NoAre there natural or cultural heritage features on the land identified in the District Plan? If you intend to carry out a specific development proposal, a site-specific investigation may be required to identify unrecorded archaeological sites, natural or cultural heritage features. Specific approval may be required under the Historic Places Act.Rotorua Regional AirportIs the land subject to the Rotorua Regional Airport Noise Control and Mitigation requirements? NoHazardous SubstancesAre there any resource consents for hazardous substances for this property? NoAre there any former dangerous goods licences for this property? NoIs this property listed on the regional councils Hazardous Activities Industry List (HAIL)? NoIs there anything known to Council identifying any likely presence of hazardous contamination? No

RDC-LIM4816-PLANNING - 7Planning Services - For any queries please contact planning duty officer – 07 3484199 The following is some more information about HAIL activities and contaminated land, and what to look out for when buying or selling property: Ministry for the Environment: Is my land contaminated? http://www.mfe.govt.nz/issues/managing-environmental-risks/contaminated-land/is-land- contaminated/index.htmlClassification of Land/Buildings by Other Statutory Organisations NoAre there any classifications notified to this Council by other Statutory Organisations?Although Council has disclosed above any information which has been notified to it byany statutory organisation having the power to classify land or buildings for anypurpose, the applicant is advised that the information so notified may not be exhaustive.Other statutory organisations, principally but not exclusively Regional Councils, play alarge regulatory role in regard to properties in the Rotorua District. To obtain furtherinformation, the applicant may wish to make enquiries of:Bay of Plenty Regional Council (Head Office)PO Box 364,WHAKATANE 3158Phone (0800) 884 [email protected] of Plenty Regional Council (Rotorua Office)1125 Arawa StreetROTORUAPhone (07) 921 3370Rural Properties (only) within 25 metres of Lakes, Rivers, StreamsIs the property within the Rural A, B, C, D, E or G zone? NoIn the Rural A, B, C, D, E, and G zone no building, waste disposal facility or structuresfor confined animal farming may be erected within 25 metres of any river or stream, thebed of which has an average width of 3 metres or more, or from any lake with a surfacearea of 8 hectares, or within 5 metres of any esplanade reserve or strip.Lakes and Foreshore Structures NoIs there any information known to Council with regard to lakes/foreshore structures?Other Comments

RDC-LIM4816-RES_ENG 8Resource Engineering - For any queries please contact duty officer – 07 3484199 No Land Features Characteristics: (including erosion and hazards) Is there any detail of filling on the land known to the Council?Is there any information known to Council with regard to other features? YesThe Proposed Rotorua District Plan Planning Maps included a series of “Special Interest”maps. The Special Interest map that is relevant to this site is attached210 - Areas of Soft Ground Potential.213 – Geothermal Fields of the Rotorua District.It is important to note this information has been produced at a district wide level and isbased on a desktop study – no field investigation of the subject property has beenundertaken to produce the attached mapping. The full report is available on Council'swebsite http://www.rotorualakescouncil.nz. The map does not trigger any district planrules (either operative or proposed) and is provided for information purposes, and as apreliminary indicator that this hazard may impact on the ability to further develop thisproperty.Further investigation by a suitably qualified professional may be required to ensure theland is suitable for development.(Other Land Feature information may be advised in the Planning section of this LIM)Private/Public Drains/EasementsAre there any private/public drains known to Council to cross this property? Yes There is a waste water main on this property, refer to attached services plan for location. Location of pipe networks may contain data capture inaccuracies. Please refer to disclaimer on page 2.Are there any easements known to Council on this property? NoAre there any manholes known to Council on this property? NoIf you notice any manhole lids displaced or not fitting properly please notify Councilimmediately.Development Contributions NoAre there any outstanding Development Contributions associated with any projects on thisproperty?Drinking Water Supply ServicesIs the property served by a Rotorua Lakes Council Water Supply Utility? YesThis is a Cross-lease property which has a shared water connection with a neighbouringproperty. Whilst this is permitted under current Bylaws consideration should be given tohaving a separate water connection.Currently the property has a shared metered connection. However where unit title/crosslease properties are in individual ownership and are rated Urban Residential an ‘UrbanWater Connected’ charge is incorporated in the Property Rates for each separately ratedportion and the metered charges removed. The Property Rates will be changed for the2016/2017 rating year.Are there any requisitions known to Council regarding these services? No

RDC-LIM4816-RES_ENG 9Resource Engineering - For any queries please contact duty officer – 07 3484199Are there any Capital Contributions outstanding to this Water Supply? NoAre there any Back flow prevention device requirements? NoReticulated Public Sewer and Trade Waste Services Yes YesIs the property served by a Rotorua Lakes Council sewer? Sewerage reticulation present. See Services Plan (Copy attached).Is the property connected to the Rotorua Lakes Council sewer?Is there any information known to Trade Waste in relation to the property? NoAre there any Trade Waste Bylaw issues / requisitions known to Council in relation to this Noproperty?Reticulated Stormwater Drainage and Pollution Control Services NoIs the property served by Rotorua Lakes Council reticulated stormwater drainage?Is there any information about reticulated stormwater drainage issues in relation to this Noproperty?Are there any Pollution Control Bylaw issues / requisitions known to Council in relation to thisproperty? NoVehicle Crossings There is a requirement under the District Plan and local bylaws for every property to have a properly formed and sealed vehicle crossing in accordance with the Rotorua Civil Engineering Industry Standard. Please be aware that if this property has an unsealed vehicle crossing, Council may request that this be brought up to standard at any time at the owners' expense.Other Comments

RDC-LIM4816-BUILDING 10Building Services - For any queries please contact building duty officer – 07 3484199 No Building Services: Are there any Information Notices issued by Building Services on the Council property file?Building Consents/Certificates/Notices/Orders/RequisitionsBuilding Consents & Permits / Plumbing & Drainage Permits / Certificates of Acceptance Reference number Date issued Description of Work Status Status DateBCD073324-P03424 5/08/1986BC1887-P03424 22/07/1970 BCD073324 - Carport Unknown Pre-1991 PermitsBCA131091-P03424 16/07/1970 BC1887 - Plumbing and drainage to Unknown Pre-1991 Permits four flats Unknown Pre-1991 Permits BCA131091 - Demolish cottage and erect four flatsKEY to terms used regarding status of Building Consent / PermitUnknown / Pre 1991 Permits Council has either no records of inspections, no final inspections undertaken, no records, or the work was completed without inspections. Please refer to the building permit inspection card, if any, for final status.Approved exempt building work (1st Schedule NZBA 2004) NoHave there been any notifications of exempt building work?Independent reports NoAre there any independent reports on file?Building Act requisitions or Modifications to Building Consent NoAre there any Building Act requisitions or Modifications to Building Consent?Compliance Schedules and Building Warrant of Fitness NoHas there been a Compliance Schedule issued for any buildings on the property?Determinations issued by the Ministry of Business, Innovation and Employment (MBIE)Have there been any Determinations issued by the MBIE? NoWeathertight Homes Resolution Service Act 2006 NoAre there any known issues regarding weathertightness?Notice To Fix (Section 124 Building Act 2004) NoAre there any outstanding Notices to Fix?Unresolved Complaints NoAre there any unresolved complaints?Earthquake prone buildings (Section 124 Building Act 2004) NAWill any building/s within this property require a structural assessment to be undertaken?Residential Buildings only require an earthquake assessment if the building comprisesof 2 or more storeys and contains 3 or more household units and had been constructedprior to 1977.http://www.rdc.govt.nz/Services/~/media/RDC/Files/CouncilDocuments/Policies/Building_Policy%20on%20Earthquake%20Prone%20Buildings.ashx

RDC-LIM4816-BUILDING 11Building Services - For any queries please contact building duty officer – 07 3484199Fencing of Swimming Pools Act 1987 NoIs there a pool on the RDC register? Obligations of owner and persons in control of pool Every owner and/or persons in control of a pool must ensure that the pool is fenced in accordance with the Fencing of Swimming Pools Act 1987 and that the swimming and spa pool is placed onto the RDC register. Every owner and/or persons in control of a pool the swimming / spa pools need to ensure that these pools are not filled with water until after being inspected by Council. http://www.legislation.govt.nz/act/public/1987/0178/latest/DLM124442.htmlOther comments

AppendicesApproved Auction Terms and Conditions

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