KPMM CONSTRUCTION (PTY) LIMITED (IN BUSINESS RESCUE)
A-GRADE OFFICES WITH WORKSHOP
& TRUCK YARD
ERF NUMBER 3613 POMONA EXTENSION 128 KEMPTON PARK DISTRICT OF THE EKURHULENI METROPOLITAN MUNICIPALITY JOHANNESBURG, GAUTENG PROVINCE
Corner Constantia Street and EP Malan Street, Pomona Industrial Kempton Park, Johannesburg, Gauteng Province
SIMULCAST AUCTION: TUESDAY 2 MARCH AT 11H00
VIEWING BY APPOINTMENT
Auctioneer: Roy Lazarus / Clive Lazarus
Unit No. 10, Ferndale Mews North Tel: (011) 789-4375 Cnr Oak Ave & Dover Road Fax: (011) 789-4369 Ferndale, Randburg 2194 Fax: (011) 886-5274 PO. Box 2871, Randburg 2125 [email protected] www.parkvillageauctions.co.za 2
CONTENTS
1. Disclaimer ...... 2 2. Conditions of Sale ...... 3 3. Property Summary ...... 4 4. Location ...... 5 5. Property Description ...... ………………………….. 6 a. The Stand b. The Improvements c. Municipal Information 6. Attachments ...... ………………………….. 9 - 15
DISCLAIMER
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information and neither will be held liable for any loss or damages resulting from any errors or omissions in the information herein provided, whether due to the negligence or otherwise of Park Village Auctions or the Sellers or any other person.
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 3
CONDITIONS OF SALE
Deposit: 15% of the Purchase Price payable on the day of the auction
Commission: Buyer’s commission of Six (6%) plus VAT payable on the day the auction
Confirmation Period: Fourteen (14) Business Days from date of signature
Occupation: Date of Registration of Transfer
Risk, Control & Insurance: The sole risk and control and benefit in and to the property shall, unless otherwise agreed in writing and signed by both parties, pass to the Purchaser on the date of registration of transfer into the Purchaser’s name and from that date, the Purchaser shall be liable for all imposts levied on the property, inclusive of and without limiting the generality hereof, all municipal rates and taxes, licences and other official and/or municipal and consumable charges.
Transfer Duty / VAT: The Seller is a registered VAT Vendor and VAT at 15% on the purchase price is payable.
FOR MORE INFORMATION PLEASE CONTACT JOHANN (011) 789-4375
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 4
PROPERTY SUMMARY
GENERAL:
Property Address: Corner Constantia Street and EP Malan Street, Pomona, Kempton Park
GPS co-ordinates: -26.103749, 28.265680
City & Province: Johannesburg, Gauteng Province
Description: The subject property comprises a large A Grade Industrial complex consisting a modern three-storey office building, large workshop with truck service pits, warehousing space, workshop space, ancillary offices, staff facilities and overnight accommodation with brick paved staff parking area and cement clad yard and driveway measuring around 11 250 m² providing ample parking and turning space for articulated vehicles. The Gross Lettable Area (GLA) of the improvements measure an estimated 5 250 m² all situated on a secure, fully walled / fenced stand measuring 16 223 m²
TITLE DEED INFORMATION:
Registered Description: Erf Number 3613 Pomona Extension 128 (consolidated from Erf Numbers 3611 & 3612), District of The Ekurhuleni Metropolitan Municipality, Johannesburg, Gauteng Province
Registered Owner: KPMM CONSTRUCTION (PTY) LIMITED
Title Deed Number: T76842/2015
Endorsements: Standard Bank of South Africa Ltd in the amount of R 21 000 000 (Twenty-One Million Rand) Endorsement Number: B10206/2016 (Bond)
And
Standard Bank of South Africa Ltd in the amount of R 6 200 000 (Six Million Two Hundred Thousand Rand) Endorsement Number: B46901/2017 (Bond)
Registered Extent of Stand: 1,6223 Hectares (16 223 Square Metres)
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 5
LOCATION
The subject property is located in the rapidly developing industrial node of Pomona which is situated on the North Eastern periphery of Kempton Park.
Pomona is a key industrial hotspot with numerous prominent companies buying up land in the area. Just some of the brands that have premises in Pomona include 3M, Tile Africa, WURTH, and DHL.
Pomona is situated just off the R21 (Pretoria / Kempton Park highway) and ideally located less than 10 kilometres North of the OR Tambo international airport with easy access via main arterial routes.
The subject property is situated in EP Malan Street on the corner of Constantia Street with easy access to the R21 (Pretoria / Kempton Park Highway) via main arterial routes such as the R23 (Great North Road), Atlas Road and High Road.
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 6
PROPERTY PROPERTY DETAIL: DESCRIPTION
THE SUBJECT STAND:
Layout: The stand is roughly rectangular in property with the shorter perimeter having street frontage onto EP Malan Street.
Topography: The topography of the stand is even.
Servitude Areas: Situated at the front of the stand on the EP Malan Street perimeter is a Servitude area for Electrical Substation measuring 18 m² with a Servitude area extending along the back South Eastern perimeter of the stand representing a Wetland area measuring approximately (refer Surveyor General Diagram SG No. 5843/2014)
THE IMPROVEMENTS:
MAIN OFFICE BUILDING:
Improvements: Located towards the front of the stand is a fairly recently constructed 3-storey A-Grade office building of plastered and painted brick walling fitted with aluminium framed glazing under a mono-pitched IBR roofing structure comprising a triple volume reception foyer, open plan office areas, private offices, boardrooms and meeting rooms, cloakrooms, staff kitchen, storerooms, large entertainment area with bar, kitchen area and built-in braai and a basement level parking garage.
Access to the 1st and 2nd Floor of the building is by way of a passenger elevator situated in the foyer area or via pedestrian staircase.
Approximate Gross Lettable Area (GLA): 2 035 m²
Fittings & Fixtures: Central air-conditioning System, Smoke detection Alarm, Security Alarm System, Passenger elevator
Walling: Plastered and painted brick, ceramic wall tiles Flooring: Ceramic floor tiles Ceiling: The Ground Floor and 1st Floor ceilings being Concrete slab with suspended ceiling boards
Basement Parking: The Basement parking garage is accessible via a driveway from the side of the building and provide secure covered parking for at least 14 vehicles
WORKSHOP, ANCILLIARY OFFICES, STAFF FACILITIES & WASH BAY:
Improvements: Situated at the back of the main office building is a steel framed IBR clad under IBR roof sheeting triple-volume workshop building fitted
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 7
at the front thereof with double volume industrial type roller garage doors and comprising the workshop floor area with heavy vehicle inspection pits, with a 5-Ton goods lift, gantry cranes and spray booth, mezzanine level warehouse storage area, workshops, ancillary offices, boardrooms / training rooms, storerooms, staff kitchen, staff accommodation and ablution facilities.
Located towards the back of the stand is a free-standing single storey building comprising a staff canteen, additional staff accommodation and ablution facilities for drivers staying overnight.
Approximate Gross Lettable Area (GLA): 3 240 m²
Fittings & Fixtures: Central air-conditioning System, Smoke detection Alarm, Security Alarm System, Passenger elevator
Walling: Inside of IBR wall cladding, plastered and painted brick, ceramic wall tiles Flooring: Re-inforced concrete, ceramic floor tiles Ceiling: Painted concrete flooring, insulated underside of IBR roof sheeting, painted ceiling board
GENERAL PROPERTY INFORMATION:
Other Improvements: Other improvements include a steel framed under IBR roof sheeting truck wash bay, CCTV Cameras System, Biometric Scanning and turn-style access for employees.
Yard Surface: The open parking at the front of the office building is brick paved providing open parking for clients and staff. The driveway extending along the Southern perimeter of the stand and yard area on the side of the workshop building is cement clad.
Electrical Installation: The electrical supply is via the Ekurhuleni Metropolitan Municipality.
Physical Condition: The building was constructed in 2015 to modern standards and with modern finishes. The improvements are in good physical condition with no apparent major structural defects currently being well maintained.
Boundary: The property is bound plastered and painted brick columns with steel palisade insets approximately 2.1 Metres in height and topped with electric fencing. Access to the site is from via one of two (2) automate entrance and egress driveway gates.
MUNICIPAL INFORMATION:
Municipal Valuation: R 810 000 (Vacant Land – Erf 3611 & Erf 3612)
Zoning: Industrial 1
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 8
WINDEED ENQUIRY
WinDeed Property Report
Township POMONA EXT 128, Erf 3613/0
REGISTERED PROPERTY DETAILS Property Type ERF Diagram Deed T76842/2015 Erf Number 3613 Registered Size 1.6202H Portion Number 0 Municipality EKURHULENI METROPOLITAN MUNICIPALITY Township POMONA EXT 128 Province GAUTENG Registration Division IR Coordinates (Lat/Long) -26.103749 / 28.265680 Deeds Office PRETORIA
OWNER DETAILS Owner 1 of 1 Person Type COMPANY Title Deed T76842/2015 Name K P M M CONSTRUCTION PTY LTD Purchase Date - Registration Number 200000070307 Purchase Price (R) - Share (%) - Registration Date 2015/09/02
MAPS
PROPERTY INFORMATION
No property information available.
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information SALES Sales shows the details of the most recent transfers, sales pending registration and properties for sale in close proximity to the specified9 property.
Recently Registered Transfers Address / Property Description Size (m2) Sales Price (R) Distance (m) Sold Transferred A 129 ELGIN STREET POMONA 20 000 91,149,016 586 2016/09/15 2017/03/22 B 92 MAPLE ROAD POMONA 8 601 10,716,000 690 2017/01/23 2017/06/15 C POMONA EXT 186, 3653, 0 20 000 34,912,500 931 2019/03/13 2019/09/19 D POMONA EXT 40, 3561, 0 10 000 14,577,650 917 2018/06/13 2018/08/03 E POMONA EXT 40, 3560, 0 8 247 10,959,500 968 2018/06/13 2018/09/28 F GLEN MARAIS EXT 115, 3477, 0 8 375 11,900,000 1 161 2018/02/19 2018/09/27 G BONAEROPARK EXT 1, 1025, 0 1 072 1,260,000 1 190 2019/09/17 2019/12/18 H 41 MIMOSA ROAD POMONA 1 063 500,000 1 231 2017/03/24 2018/07/11 H 41 MIMOSA ROAD POMONA 1 063 825,000 1 231 2018/04/17 2018/07/11 I GLEN MARAIS EXT 115, 3476, 0 8 516 4,600,000 1 234 2018/02/19 2018/09/27 J 37 MIMOSA ROAD POMONA 1 000 1,100,000 1 243 2018/02/27 2018/05/24
Properties For Sale Address / Property Description Size (m2) Listing Price (R) Distance (m) Listed 84 MAPLE STREET POMONA AH - - 642 2018/09/11 92 MAPLE ROAD POMONA - 44,850,000 690 2018/01/31 160 DEODAR STREET POMONA 10 000 - 1 035 2018/04/21 4 DALCROSS ROAD BONAERO PARK - 2,500,000 1 207 2018/08/15 4 BEGONIA STREET POMONA - 1,300,000 1 277 2018/06/07 31 MALPENSA ROAD BONAERO PARK - 1,200,000 1 308 2018/07/06 20 BEGONIA STREET POMONA - 1,000,000 1 351 2018/12/23 5 ROKEWOOD ROAD GLEN MARAIS - 23,900,000 1 410 2018/06/14 5 OUTENIQUA AVENUE POMONA - 1,295,000 1 417 2018/10/07 POMONA (DETAILS WITHHELD *) - 1,595,000 1 432 2018/05/03 BONAEROPARK (DETAILS WITHHELD *) - 1,250,000 1 495 2017/03/14
* The property location has been withheld at the estate agent's request and is not visible in the Sales Map.
Sales Analysis
22 properties used in the analysis. Note: Where there is no monetary value or extent it has been ignored.
Price (R) R/m2 Extent (m2) Highest Priced Property 91,149,016 4,557 20 000 Average Priced Property 16,590,879 2,075 7 994 Lowest Priced Property 500,000 470 1 063
BONDS AND OTHER DOCUMENTS Document Number Amount (R) Holder CONSOLIDATE FROM - TOWN POMONA EXT 128 ,ERF 3612 ,PRTN 0 CONSOLIDATE FROM - TOWN POMONA EXT 128 ,ERF 3611 ,PRTN 0 B10206/2016 21,000,000 STANDARD BANK OF SOUTH AFRICA LTD B46901/2017 6,200,000 STANDARD BANK OF SOUTH AFRICA LTD
This report contains information gathered from the WinDeed database and we do not make any representations about the accuracy of the data displayed nor do we accept responsibility for inaccurate data. WinDeed will not be liable for any damage caused by reliance on this report and for legal purposes encourage validation on ownership details with the Deeds Office. This report is subject to the terms and conditions of the WinDeed End User Licence Agreement (EULA).
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 10
SG DIAGRAM
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 11
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 12
MUNICIPAL GIS MAP
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 13
SITE PHOTOS
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information 14
NOTES ______
Whilst all reasonable care has been taken to provide accurate information, neither Park Village Auctions nor the Seller/s guarantee the accuracy of the information