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Corner Oxford Road) Saxonwold Prime Corner Stand on Oxford Road Johannesburg Major development potential 37 Englewold Drive (Corner Oxford Road) Tuesday, 14 July 2020 @ 12h00 Online Webcast Auction Luke Rebelo | 072 493 2148 | [email protected] Version 1: 24 June 2020 NT Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Index Disclaimer, Auction Information and Terms & Conditions Page 3 Property Images Page 4 Executive Summary & Key Investment Highlights Page 6 General Information Page 7 Locality Information Page 8 Property Description Page 10 Floor Layout Plans Page 13 Projected Gross Annual Income – Summary Page 15 Projected Gross Annual Income - Detailed Page 16 Lease Summaries Page 17 Rates Statement Page 19 General Plan Diagram Page 21 /AucorProperty www.aucorproperty.co.za 2 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Disclaimer, Auction Information and Terms & Conditions Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither Aucor Corporate (Pty) Ltd T/A Aucor Property 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 otherwise of Aucor Corporate (Pty) Ltd T/A Aucor Property or the Seller/s or any other person. ________________________________________________________________________________________________________ Auction Information Deposit 5% of the bid price Commission 10% plus 15% VAT thereon of the bid price Confirmation period 2 Business days Rules of auction and conditions of sale are available at www.aucorproperty.co.za/ ________________________________________________________________________________________________________ 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: Pieter Geldenhuys. /AucorProperty www.aucorproperty.co.za 3 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Property Images /AucorProperty www.aucorproperty.co.za 4 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Property Images /AucorProperty www.aucorproperty.co.za 5 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Executive Summary & Key Investment Highlights Street Address: 37 Englewold Drive (Corner Oxford Road) - Saxonwold, Johannesburg GPS Coordinates: -26.1599, 28.0466 Registered Erf Size: 2,549m² 'Residential 1 with Business Rights' - (A a copy of t he zoning Zoning: cert ificat e/confirmat ion has been request ed) Assessment Rates R 10,745.07 / month (excluding consumpt ion charges and cit y levies) See from page 9 for full accommodat ion det ails. The improvements on the site, currently zoned Residential 1 (with Accommodation: consent use rights), comprise of a double storey office conversion, with an ancillary building providing additional lettable area. Area Description GBA (± m²) Ground Floor 389.8 First Floor 151.9 Ancillary Office Building 79.2 Total Approximate Gross Building Area 620.9 Gross Building Areas: Not es. The Gross Building Areas (GBA) are approximat es based on a combinat ion of client supplied informat ion and aerial phot ograph measurement s t aken along t he out er walls of t he buildings and includes penet rat ions such as st aircases and passageways. Gross Lettable Area: ±430m² (excluding 25m² of yard space occupied by Vodacom) Occupation: The subject property is multi-let. See page 13 for det ails. Prime corner stand with an extraordinary position on the corner of Oxford Road and Englewold Drive. Phenomenal location in the natural growth path between Rosebank and Saxonwold along Oxford Road. Office conversion, zoned "Residential 1" with business rights, hosting a Key Investment Highlights: residential building, which has been internally reconfigured and is suitable for an owner occupier or an investor. Significant development potential and appeal in a node well-supported by Council for a variety of commercial and high-density residential developments. By bidding on t his propert y, t he purchaser acknowledges t hat he has acquaint ed himself wit h t he ext ent and t he nat ure of t he propert y he is buying, and t hat he accept s t he propert y as such. /AucorProperty www.aucorproperty.co.za 6 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg General Information Street Address 37 Englewold Drive (Corner Oxford Road) - Saxonwold, Johannesburg GPS Coordinates -26.1599, 28.0466 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T31867/2005 Registered Owner Tan-Ex Investments CC Title Deed Descriptions Erf 326 Saxonwold, City of Johannesburg Registered Land Sizes 2,549m² Title Deed Conditions A copy of the title deed is on hand and will be made available upon request thereof. Endorsement In terms of section 14(1) of The Gauteng Infrastructure Act 8 of 2001. In terms of section 11(1)(b) the MEC has proclaimed a railway line to operate the Gautrain in terms of Provincial Gazette No. 3342 dated 24 November 2010. The railway line will run below a portion of this erf. The servitude area will be surveyed at a later stage. The notice is filed under I1681/2011/C ________________________________________________________________________________________________________ Municipality Information Municipality City of Johannesburg Metropolitan Municipality Rates Excluding consumption charges and city levies - based on the Tax Invoice for the June 2020 billing period. See a copy attached to this brochure for these and other charges. 2019 / 2020 Municipal Rates 2019 / 2020 2019 / 2020 Exclusion Rebate Monthly Rates Valuation Category Tariff Annual Rates (Annual ÷12) R 6 400 000 Business N/A N/A 0.0201470 R 128 940.80 R 10 745.07 ________________________________________________________________________________________________________ Zoning Information Zoning 'General' * Permitted Uses "Any use other than noxious" * A copy of the zoning certificate has been requested. The development/town planning parameters applicable to the property will be updated upon our receipt thereof. /AucorProperty www.aucorproperty.co.za 7 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Locality Information Macro Locality The property is situated in the sought-after and affluent suburb of Saxonwold. The area is characterised by a mixture of developments including both commercial and residential, with a substantial increase in higher density residential developments seen over the last few years, especially the areas along the M1 up until Restanwold Drive. The area further hosts a series of high-end residential, commercial, leisure and retail offerings, which have transformed the area into one of the most highly sought-after locations in Johannesburg. These developments include the nearby Rosebank Mall and The Zone retail complex hosting an array of popular retail offerings. The site offers good accessibility due to its close proximity to the M1 highway (approximately 1km from the subject property), as well as a number of main arterial routes including Oxford Road and Jan Smuts Avenue that provide access to various surrounding commercial and residential nodes including Johannesburg CBD in the south and Rosebank in the north. All major amenities including various schools and institutions are available in the immediate surrounds of the subject property. GPS coordinates for the sites are as follows: -26.2074, 28.0446 Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 8 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Locality LocalityInformation Information Micro Locality Estate Houghton standard bank logo Estate Melrose Rosebank Saxonwold Image Data: Google, AfriGIS Ltd, (Pty) DigitalGlobe /AucorProperty www.aucorproperty.co.za 9 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg *+Locality Information Property Description Approximate Boundaries N CSG Spatial Data Map Viewer Image Data: /AucorProperty www.aucorproperty.co.za 10 Prime Corner Stand on Oxford Road Saxonwold, Johannesburg Property Description Accommodation The improvements on the site, currently zoned Residential 1 (with consent use rights), comprise of a double storey office conversion, with an ancillary building providing additional lettable area. The main building has been configured to accommodate three separately lettable office units. Both spaces are characterized by mainly open floor layouts with additional accommodation features such as a reception area, a printing room and storerooms being configured into the respective office units as well. The floor further hosts male and female ablutions, as well a kitchenette, which form a part of the shared common areas in the facility. The first floor, with a L-shaped layout hosts two main sections containing a mostly self-contained residential unit and an additional office unit, which has been configured into two main office areas and ablution facilities within the unit, as well. The additional office building, constructed alongside the primary office building, offers open spans and can be configured for a number of uses, as may be required.
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