Information Memorandum - 46 Ashley Place

CONTENTSPROPERTYINFORMATIONMEMORANDUM 46 Ashley Place, Papamoa

CONTENTS ■ INTRODUCTION ■ EXECUTIVE SUMMARY ■ PROPERTY OVERVIEW ■ SUMMARY ■ THE LOCATION ■ SALES PROCESS ■ STATEMENT OF GENERAL POLICY / DISCLAIMER APPENDICES  CERTIFICATE OF TITLE  LIM REPORT

INTRODUCTION Favoured as Sole Agents by our Client, Success Realty Limited MREINZ trading as Bayleys Tauranga, Licensed under the REA Act 2008, is proud to offer the property at 46 Ashley Place, Papamoa For Sale by Auction. Significant attributes of this property include:  Large vacant freehold land parcel of 3,167m²  Fully security fenced with all services available  Commercially zoned provides a combination of options  Investment opportunity to lease, develop or land bank  Great blank canvas site for an owner occupier  Close proximity to State Highway 2 and Eastern Arterial route  Prime pivotal position in Papamoa Junction!

EXECUTIVE SUMMARYFORMAL ADDRESS46 Ashley Place, PapamoaREGISTERED OWNERJamie Leigh ScottGST REGISTRATION15-563-885LEGAL DESCRIPTIONLot 18 DP 334834CERTIFICATE OF TITLE142704LAND AREA3,167m²TENUREFreeholdZONINGCommercial (8A)ANNUAL RATES$2,215.02 (including GST)VALUATION REFERENCE6622/7125RATING VALUATION AS AT 1 JULY 2015Land Value $415,000Improvement Value $ 31,000Capital Value $446,000

PROPERTY OVERVIEWZONINGThe site forms part of the Papamoa Junction subdivision which is zoned commercial. A wide range ofuses are permitted within this zoning including ancillary retailing and offices.At present the area has a large number of light industrial and trade premises. These are permitted aslong as they are not an offensive trade, nor require greater than 25 on site car parking spaces.LANDThe site is situated at the north western end of Ashley Place being predominantly rectangular shape,flat and at road level. The total area is currently grassed.Approximate boundaries include a frontage of 34.4 metres, southern side of 71.5 metres, rear of 40metres and northern side of 92.8 metres.LOCATIONAshley Place occupies a pivotal position in Papamoa Junction which comprises an original area ofapproximately 18 hectares on the eastern side of Parton road.Papamoa Junction was a former greenfield subdivision developed in 2004 that currently supports amixture of developed and undeveloped properties.Access to Ashley Place is from Te Okuroa Drive which runs off the Parton Road / Tara Roadroundabout intersection. The area is within close proximity to main state highways including the newEastern Arterial Route from Tauranga / Mount Maunganui to Whakatane / Rotorua.SITE IMPROVEMENTSThe site is fully security fenced with dual access gates from both Ashley Place which includes aconcrete entrance pad together with an entry from the side right of way access near the southernboundary. All Tauranga City Council services including sewerage, storm water and water are suppliedto the site as well as power reticulation.

SUMMARYSuperb opportunity to secure a large, flat freehold section with vacant possession in the sought afterand popular Papamoa Junction Business Park. The property is ready for immediate commercial orlight industrial use or development being in a zone that allows for a wide range of uses. Surroundingbusinesses including Carson Construction, Compac, Bay Plastic Fabrication, Auto Smart, ConveyorIndustries and the Artisan Business Park.The site comprises a 3,167m² land area of predominantly rectangular shape that is adjacent to a rightof way along the southern boundary that provides access to a rear drainage reserve vested in theTauranga City Council. Development to date includes a level grassed site that has been fully securityfenced with dual front and side access as well as having all services available.Located within minutes to the Domain Road / State Highway 2 roundabout provides ease of access tothe recently completed Tauranga Eastern Arterial link reducing travel times to the city and the Port aswell as to Whakatane and Rotorua. This has been the Bay of Plenty's largest roading project and akey strategic transport corridor for the region that is expected to deliver significant local and regionalgrowth for residential, commercial and industrial development in the Papamoa district.Papamoa is one of the fastest growing areas in New Zealand and now the largest suburb of Taurangasupported by ongoing commercial activity and increasing residential demand. Papamoa enjoys 16kmof white sandy beach coastline, a full range of schooling as well as excellent shopping centres thatinclude Palm Beach Plaza and Fashion Island.The property is ideally positioned in an area to take advantage of the astonishing ongoing growth thatPapamoa continues to capitalise on and is a must for all owner occupiers, develops and land bankersto inspect!

THE LOCATION PAPAMOA Papamoa (population 20,100) is the largest suburb of Tauranga in the Bay of Plenty region on the north eastern coast of the North Island of New Zealand. The town has been one of the fastest growing areas in New Zealand in recent times due to the increase in popularity of coastal communities, close proximity to Tauranga and local shopping developments. Papamoa has 16km of white sandy beach stretching from the boundary with Mount Maunganui in the west to the Kaituna River in the east. Papamoa is also renowned for its fishing, surfing and the Papamoa Hills Cultural Heritage Regional Park. The town has increased in population by over 800% since 1982, due to new subdivisions developed on rural land and the expansion of the Palm Beach Plaza and Fashion Island shopping centres in recent years has created a popular town centre. With the opening of the Domain Road / State Highway 2 roundabout, travel times to Mount Maunganui and Tauranga have been reduced. The new $455 million Tauranga Eastern Link and associated interchanges completed in 2015 will further reduce travel times to Tauranga, Rotorua and Whakatane. TAURANGA The harbourside city of Tauranga covering an area of 168 square kilometeres, is the main urban centre for the Bay of Plenty region, with the popular seaside resort town of Mount Maunganui located just a short drive away across the harbour bridge. The landscape is dominated by two key features – the harbour and the magnificent Mauao (Mount Maunganui), the cultural focal point of the region. Tauranga is the sixth largest city in New Zealand and is one of the fastest growing areas in the country with a population of over 120,000 that is projected to be upwards of 140,000 by 2026.This vibrant exciting city has a warm climate, fertile soils and a safe harbour. Set at the entrance to a crystal clear harbour, it offers the big city lifestyle, at its own stylish pace. Tauranga and Mount Maunganui are some of the sunniest places in New Zealand receiving between 2200 and 2400 hours of sunshine per year. Tauranga is the primary business centre of the region, whilst Mount Maunganui is its recreational centre, with a strong industrial sector located around the Port of Tauranga. Both Tauranga city and Mount Maunganui centres offer predominantly retail space and commercial offices for companies and professionals alike. The Tauranga region accounts for 45% of the Bay of Plenty economy with key economic elements for the region that include tourism, horticulture, viticulture, kiwifruit, pastoral farming, housing and exporting. The Port of Tauranga is New Zealand’s largest export by volume and the second largest in terms of container throughput.

SALES PROCESS + CONTACTSThe property at 46 Ashley Place, Papamoa is being offered For Sale by Auction at 1pm Wednesday13th April 2016 (unless sold prior).Bayleys Auction Rooms247 Cameron Road, Ground Floor, TaurangaSuccess Realty Limited MREINZ trading as Bayleys TaurangaLicensed under the REA Act 2008THE INFORMATION MEMORANDUMThe purpose of this Information Memorandum is to provide information in relation to the property that isavailable. It is produced solely as a general guide for interested parties. It does not constitute valuation,legal or consultancy advice.This document is strictly confidential to the recipient and information contained herein may not bedisclosed to any other party and it may not be used or reproduced either in whole or in part without thewritten consent of the vendor or the selling agents.All areas, dimensions and measurements referred to in this Information Memorandum are metric andprospective purchasers should confirm these during their due diligence.INSPECTIONSAll inspections of the properties by a purchaser and/or consultants are to be by prior appointment, andarranged through the Bayleys Agents.SOLE AGENTSBrendon BradleyBus: +64 7 571 4686Mob: +64 21 816 600Email: [email protected] ColemanBus: +64 7 579 0602Mob: +64 27 574 1610Email: [email protected]

GENERAL DISCLAIMERGENERAL POLICY DISCLAIMER AND STATEMENT OF PASSING OVER:This information memorandum has been prepared to provide information in relation to the Business and / orProperty that is for sale by our client and to assist interested parties in deciding whether to express their interestin purchasing the asset.This information has been provided by or on behalf of our client. It is made available by us in good faith.However, to the extent that a recipient relies on any of this material, the recipient does so at their own riskThe report does not purport to contain all information that a prospective purchaser may require and all areas,measurements and dimensions referred to are provided as a guide only and are derived from existing records.No undertakings are made by the vendor in respect of their accuracy.While every precaution has been taken to establish the accuracy of the information and documents referred to,no representation is made and no liability is accepted for the accuracy of the whole or any part of the document.No party will have any claim against Success Realty Ltd (Bayleys) arising from information contained within oromitted from this material. Prospective purchasers are advised to make their own enquiries and satisfythemselves in all respects during their due diligence and should obtain advice from his or her own Lawyers /advisors before entering into any binding contract. The report and particulars contained within do not form partof any contractThis document is strictly confidential to the recipient and their advisers as detailed in the confidentialityagreement (If one has been signed). The information may not be disclosed to other parties and may not bereproduced either in whole or part without the express written permission of the vendor or the selling agents.

CERTIFICATE OF TITLE

COMPUTER FREEHOLD REGISTER UNDER LAND TRANSFER ACT 1952 Guaranteed Search Copy issued under Section 172A of the Land Transfer Act 1952Identifier 142704Land Registration District South AucklandDate Issued 11 October 2004Prior ReferencesSA48B/217Estate Fee SimpleArea 3167 square metres more or lessLegal Description Lot 18 Deposited Plan 334834ProprietorsJamie Leigh ScottInterestsExcepting and reserving unto Her Majesty the Queen all minerals, mineral oil, gas, metals, coal and valuablestone under the surface of the land5811691.1 Compensation Certificate pursuant to Section 19 Public Works Act 1981 by Tauranga District Council- 25.11.2003 at 9:00 am6177686.4 Consent Notice pursuant to Section 221 Resource Management Act 1991 - 11.10.2004 at 9:00 amFencing Covenant in Deed 6177686.11 subject to Section 6 (2) Fencing Act 1978 - 11.10.2004 at 9:00 am10171074.3 Mortgage to ANZ Bank New Zealand Limited - 31.8.2015 at 3:47 pmTransaction Id Guaranteed Search Copy Dated 24/02/16 2:38 pm, Page 1 of 3Client Reference jcruz001 Register Only

Identifier 142704Transaction Id Guaranteed Search Copy Dated 24/02/16 2:38 pm, Page 2 of 3Client Reference jcruz001 Register Only

Identifier 142704Transaction Id Guaranteed Search Copy Dated 24/02/16 2:38 pm, Page 3 of 3Client Reference jcruz001 Register Only

LIM REPORT