Tungsten Industrial Park - 413 C.R
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Strijdompark Strijdompark Tenanted Industrial Park with 22 Mini-Industrial Units Randburg GLA ±10,364.68m2 (Seller Supplied) Tungsten Industrial Park - 413 C.R. Swart Drive Wednesday, 4 December 2019 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg John Hislop | 083 265 6867 | [email protected] Version 1: 14 November 2019 LK Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg 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 Tenancy Schedule Page 13 Rent Roll Page 14 Cashflow Projection Page 15 Cashflow Projection Summary Page 16 Lease Summaries Page 17 Rates Statements Page 27 Surveyor General Diagram Page 31 /AucorProperty www.aucorproperty.co.za 2 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg 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 bid the price Commission 10% plus 15% VAT thereon of the bid price Confirmation period 10 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 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg Property Images Exterior Images of the Park /AucorProperty www.aucorproperty.co.za 4 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg Property Images Interior Images of Typical Units /AucorProperty www.aucorproperty.co.za 5 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg Executive Summary & Key Investment Highlights Street Address: Tungsten Industrial Park - 413 C.R. Swart Drive - Strijdompark, Randburg GPS Coordinates: -26.0785, 27.9717 Registered Land Size: 2.21950ha/21,950.00m² Zoning: To be verified Assessment Rates: R47 513.34 / month - excluding consumption charges and city levies. Improvements on the property comprise an industrial park with 22 mini- industrial units across several rectangular shaped buildings. The park Accommodation: and subsequent units are configured for the purpose of light manufacturing and service-related activities. Approx. Total Gross Lettable Area: Occupation: The property is multi-let. See from page 13 for details. Investment Opportunity - Tenanted Industrial Park in Strijdompark, Randburg. Key Investment Highlights: A projected first-year net-income of approximately R5,4million. Advantageously located on a the coner of the N1 Westenr Bypass and C.R. Swart Drive with highway visibility. By bidding on this property, the purchaser acknowledges that he has acquainted himself with the extent and the nature of the property he is buying, and that he accepts the property as such. /AucorProperty www.aucorproperty.co.za 6 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg General Information Street Address Tungsten Industrial Park - 413 C.R. Swart Drive - Strijdompark, Randburg GPS Co-Ordinates -26.0785, 27.9717 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T10418/2017 Registered Owner Gemgrow Properties Limited Title Deed Description Erf 413, Strijdompark Extension 23 Registered Land Size 2.21950ha/21,950.00m² Title Deed Conditions A copy of the Title Deed is on hand and will be made available to bona fide prospective purchasers upon request. Servitudes The property is subject to servitude of 5m wide for sewer purposes in favour of the City of Johannesburg Metropolitan Municipality as appear in S.G. No. A8327/1988 and detailed in the Deed of Cession K274/1988S. ________________________________________________________________________________________________________ Municipality Information Municipality City of Johannesburg Metropolitan Municipality Rates Excluding consumption charges and city levies – Based on the tax invoices for the October 2019 billing period received from the Municipality (see copies attached to this brochure for these and other charges). 2019 / 2020 Municipal Rates Rebate 2019 / 2020 2019 / 2020 Exclusion Monthly Rates Valuation Category (Annual) Tariff Annual Rates (Annual ÷12) R 28 300 000 Business N/A N/A 0,0201470 R 570 160,10 R 47 513,34 ________________________________________________________________________________________________________ Zoning Information Zoning To be verified A copy of the Zoning Certificates has been requested from the City of Johannesburg Municipality. In addition to the land use parameters of the zoning, the activity on the property is further regulated by the House Rules. A copy of the House Rules is available on request. /AucorProperty www.aucorproperty.co.za 7 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg Locality Information Macro Locality Tungsten Industrial Park is located on the corner of N1 Western Bypass and C.R. Drive in the prominent industrial suburb of Strijdompark, Randburg. The Park features excellent highway visibility and is home to a number of light manufacturing and service industries. The larger Strijdompark node is characterised by a number of small to medium-sized enterprises engaging in light to heavy industrial and distribution activity across an array of industries. Strijdompark is conveniently nestled between the suburbs of Ferndale, Bromhof and Malanshof. The subject property is highly accessible with easy access to major arterials, including CR Swart Drive, Hans Schoeman Street and Malibongwe Drive, which links to the broader Gauteng City Region via the N1 Western Bypass. All major amenities are located in close proximity to the Park. GPS coordinates for the site are as follows: -26.0785, 27.9717. Bromhof Strijdompark Ferndale Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe N /AucorProperty www.aucorproperty.co.za 8 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg Locality Information Micro Locality Malibongwe Drive Malibongwe Image Data: Google, AfriGIS Ltd, (Pty) DigitalGlobe /AucorProperty www.aucorproperty.co.za 9 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg Property Description Approximate Boundaries N City Johannesburg of Image Data: /AucorProperty www.aucorproperty.co.za 10 Tenanted Industrial Park with 22 Mini-Industrial Units – Strijdompark, Randburg Property Description Accommodation Improvements on the property comprise an industrial park with 22 mini-industrial units across several rectangular shaped buildings. The park and subsequent units are configured for the purpose of light manufacturing and service-related activities. The units vary between 282m² & 830m² in size and are similarly configured with an open plan floor area, an eave height of ±4.8 meters high and a steel roller-shutter door of ±4.5 meters high. Some units feature mezzanine and/or basement areas with customer entrances and offices. ________________________________________________________________________________________________________ Construction The buildings are predominantly constructed of open span steel structures with exposed face brick inserts topped with IBR extensions. Steel window and door frames are fitted throughout. ________________________________________________________________________________________________________ Fixtures and Finishes The units are predominantly finished to tenant specifications. Standard fixtures and finishes comprise power floated concrete floors open roof trusses with insulated panels and highly luminous industrial lighting. Office areas include softer finishes and fixtures such as ceramic tiles, rendered and painted walls, suspension ceilings with suspended ceiling lights, amongst others. Air-conditioning units are tenant installations. ________________________________________________________________________________________________________ Gross Lettable Area Area Description GLA (± m²) Area Description GLA (± m²) Unit 1 462,60 Unit 12 429,99 Unit 2 458,35 Unit 13 830,61 Unit 3 234,36 Unit 14 830,61 Unit 4 234,36 Unit 15 680,61 Unit 5 282,16 Unit 16 402,82 Unit 6 357,16 Unit 17 402,82 Unit 7 433,68 Unit 18 477,46 Unit 8 433,68 Unit 19 480,60 Unit 9 430,84 Unit 20 524,56 Unit 10 430,05 Unit 21 605,76 Unit 11 429,98 Unit 22 511,63 Total Approximate Gross Lettable