Princess Prime Mixed-Commercial Site along the R24 Roodepoort Combined Erf Size – 8,423m²
5 Keiser Drive
Tuesday, 14 July 2020 @ 12h00 Online Webcast Auction Willliam Amerseder | 083 272 4556 | [email protected]
Version 8: 7 July 2020 NvV
Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 7
General Information Page 8
Locality Information Page 10
Property Description Page 12
Rates Statement Page 15
Zoning Information Page 19
General Plan Diagram Page 31
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
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.
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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/
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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.
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Property Images
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Property Images
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Property Images
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Executive Summary & Key Investment Highlights Street Address: 4 Keiser Drive - Princess, Roodepoort GPS Coordinates: -26.131172, 27.847922 (to the center of the combined site).
Erf 3: 1,776m²; Erf 4: 1,656m²; Erf 5: 1,664m²; Erf 14: 3,327m² Registered Land Sizes: Combined Erf Sizes: 8,423m² Erven 3 & 4: 'Business 2'; Erf 5: 'Public Garage' Erf 14: 'Special' for Zoning: parking and private open space - see zoning confirmations attached to this brochure. R 28,778.31 combined per month - excluding consumption charges and Assessment Rates: city levies.
See from page 12 for full accommodation details The site comprises four (4) erven arranged along Keiser Drive with one of the properties also backing onto the R24 / Albertina Sisulu Road, a major arterial road in the mixed-use suburb of Princess, Roodepoort. Accommodation: Improvements on the subject properties comprise of multiple single and/or double storey abutting buildings loosely arranged in a rectangular-shape and hosting a number of commercial and/or light industrial units. Area Description GBA (± m²) Erven 3 & 4 Reception and Retail Display Area (Ground Floor) 241 Management Offices (First Floor) 241 Warehouse Component 1 1 394 Warehouse Component 2 536 Subtotal Approximate GBA: 2 412 Erf 5 Warehouse 608 Erf 14 Approx. Gross Building Areas: Storage / Garages 60 Total: Approximate Gross Building Areas: 3 080 Other areas (not included in GBA) Mezzanine (Warehouse Component 2) 100 Uncovered Building Structures (Erf 5) 574 Total Approximate Improved Areas: 3 754 Notes. The Gross Building Areas are based on a combination of on-site and aerial photograph measurements taken along the outer building walls and includes internal penetrations such as staircases and passageways.
The property will be sold with vacant occupation upon registration of Occupation: transfer.
Multi-purpose building(s), ideally located in a strong, population dense trading node suitable for storerooms, retail, etc. Ample parking & good dellivery access. Key Investment Highlights: Favourable location along the busy Albertina Sisulu Road (R24), a major arterial passing through the township, thus allowing for exposure to significant volumes of pedestrian traffic. Large yard of 3,327m² suitable for interlink truck access and deliveries.
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.
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
General Information
Street Address 4 Keiser Drive - Princess, Roodepoort GPS Coordinates -26.131172, 27.847922 (to the center of the combined site). ______Title Deed Information
Title Deed Number T5799/2020 Registered Owner J & S Meyer Holdings (Pty) Ltd Title Deed Descriptions Erven 3, 4, 5 & 14 Princess, City of Johannesburg Metropolitan Municipality Registered Land Sizes Erf 3: 1,776m²; Erf 4: 1,656m²; Erf 5: 1,664m²; Erf 14: 3,327m² Combined Erf Sizes: 8,423m² Title Deed Conditions A copy of the title deed is on hand and will be made available upon request. ______Municipality Information
Municipality City of Johannesburg Metropolitan Municipality Rates Excluding consumption charges and city levies. Based on the Tax Invoices as received from Council for the May 2020 billing period - see copies of the invoices attached to this brochure for these and other charges.
Municipal 2019 / 2020 2019 / 20 Annual 2019 / 2020 Monthly Erven Rates Category Exclusion Rebate Valuation Tariff Rates Rates (Annual ÷12) Erven R 13 208 000 Business N/A N/A 0,0201470 R 266 101,58 R 22 175,13 3, 4 & 5 Erf 14 R 3 933 000 Business N/A N/A 0,0201470 R 79 238,15 R 6 603,18 Combined Rates Payable per Month R 28 778,31
Note: Due to the nature of the adjacent properties (i.e. Erven 3,4 and 5) and the buildings being erected over these property boundaries, it is assumed that, for all intents and purposes including municipal valuation and rates, these properties are regarded, and thus sold, as one. ______
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
General Information
Zoning Information
Erven 3 and 4 Zoning 'Business 2' - See the zoning confirmation attached to this brochure. Permitted Uses (per scheme*) “Shops, dwelling units, residential buildings, places of instruction, business purposes, car sales lots, institutions” Floor Area Ratio 2,1 / 7,207.2m² (calculation based on combined erf size) Coverage 70% / 2,402.4m² (calculation based on combined erf size)
Erf 5 Zoning 'Public Garage' - See the zoning confirmation attached to this brochure. Annexure & A/S numbers Annexure 221
Permitted Uses (per zoning) “…Shall be used solely for the purposes of public garages, offices and residential buildings only on the storeys above the ground storey and with the consent of the City council, for places of public worship, social halls, Institutions, places of instructions and special uses." Floor Area Ratio 2,1 / 3,494.4m² Coverage 70% / 1,164.8m²
Erf 14 Zoning 'Special' - See the zoning confirmation attached to this brochure. Permitted Uses (per zoning) "Parking and private open space" Annexure & A/S numbers Amendment Scheme 373, Annexure 542 Floor Area Ratio 2,1 / 6,986.7m² Coverage 70% / 2,328.9m²
All Erven Height A(0) - Three (3) Storeys Density N/A Building Lines 3,0m from the street boundary. Parking Requirements As per scheme* * City of Johannesburg Land Use Scheme, 2018 - a copy is on hand and will be made available upon request thereof.
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Locality Information Macro Locality The subject site comprises of four (4) erven arranged along Keiser Drive, with sections fronting onto Albertina Sisulu Road (R24), just south of the Princess Crossing Shopping centre in a bustling mixed-use area known as Princess, Roodepoort. The node surrounding Albertina Sisulu Road and the nearby Ontdekkers Road is known for its established commercial facilities with some offices and educational and medical related facilities, while the broader area contributes significantly to the residential stock of the larger Roodepoort area. The area is mainly home to smaller office buildings or residential-office conversions, basic and higher-end retail outlets as well as established residential developments varying from free-standing homes to sectional-title units in complexes. The subject properties boast superior access to and from R24 Albertina Sisulu/Main Reef Road and the nearby Ontdekkers Road. Krugersdorp, Randburg, Johannesburg North, Johannesburg South and Johannesburg CBD can be accessed relatively easily from the property. All amenities are accessible in close proximity to the subject properties. GPS coordinates for the site are as follows: -26.131172, 27.847922 (to the center of the combined site).
Wilro Park
Helderkruin
Princess Mandalore
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Locality LocalityInformation Information Micro Locality
Westgate Park Westgate
Helderkruin
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe Ltd, (Pty) AfriGIS Google, Data: Image
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Locality PropertyInformation Description Approximate Boundaries
N
Erf Erf 5
Erf Erf 4
Erf Erf 14
Erf Erf 3 CSG Cadastral Spatial Data Viewer Data Spatial Cadastral CSG
Data: Image
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Property Description
Accommodation The site comprises four (4) erven arranged along Keiser Drive with one of the properties also backing onto the R24 / Albertina Sisulu Road, a major arterial road in the mixed-use suburb of Princess, Roodepoort. Improvements on the subject properties comprise of multiple single and/or double storey abutting buildings loosely arranged in a rectangular-shape and hosting a number of commercial and/or light industrial units.
Erf 3 has been improved with an expansive single storey warehouse/workshop building that features separate receiving and dispatch areas and entrances and covers most of Erf 3 and Erf 4. The internal layout allows for the warehouses to be configured into various smaller warehouse parcels, all of which are interlinked and provide eaves heights ranging between 4.6 – 5.9m with a portion (measuring ±100m²) featuring a steel mezzanine structure with wood floorboards for additional storage. In addition, Erf 4 has been improved with a double storey, street-facing section that is attached to the aforementioned warehouse/workshop. The ground floor offers commercial retail space whilst the first floor has been equipped to accommodate management offices.
Erf 5 features a single-storey retail/commercial building that spans the majority of the erf size and can be divided into various smaller street-facing lettable units of varying size and configuration with additional commercial and/or light industrial section(s) along the northern property perimeter (uncovered building structures). The street-facing shopfronts have been fitted with six (6) roller shutter doors.
Erf 14 is located along the southern side of Keiser Drive, opposite the other three (3) erven and comprises of a completely enclosed and predominantly vacant building material storage yard and/or parking yard. Additional improvements on the Erf includes a single storey building hosting three (3) parking and/or storage garages, as well as a partially enclosed on-site security / guard house.
*Note that due to the Coronavirus COVID-19 National Lockdown and its associated regulations, the site could not be accessed to verify internal configurations, layout, design and/or the current fixtures and fittings. ______Construction The buildings appear to be constructed of a combination of exposed face brick and/or rendered and painted structural walls with IBR cladding extended from the roof, also finished with IBR sheets. The façades have been finished with large glass window panels along the shop fronts in places. ______Fixtures and Finishes The respective units have been fitted according to tenant requirements and specifications. It features a combination of exposed face brick and/or rendered and painted walls with a combination of tiled and concrete flooring throughout. Ceilings are mostly exposed IBR sheets with insulation in places. Some buildings include temporary mezzanine areas for additional office and/or storage space. ______
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Property Description Utilities It appears that the buildings are connected to City of Johannesburg Council supplied utilities and services. All services supplied, as well as the respective capacities, are to be verified. ______Gross Building Areas Area Description GBA (± m²)
Erven 3 & 4
Reception and Retail Display Area (Ground Floor) 241 Management Offices (First Floor) 241 Warehouse Component 1 1 394 Warehouse Component 2 536 Subtotal Approximate GBA: 2 412 Erf 5 Warehouse 608
Erf 14
Storage / Garages 60 Total: Approximate Gross Building Areas: 3 080 Other areas (not included in GBA) Mezzanine (Warehouse Component 2) 100 Uncovered Building Structures (Erf 5) 574 Total Approximate Improved Areas: 3 754
Notes.
The Gross Building Areas are based on a combination of on-site and aerial
photograph measurements taken along the outer building walls and includes
internal penetrations such as staircases and passageways. ______Parking Ample designated parking bays are available on the brick paved parking areas (either side of Keiser Drive). Approximately 41 designated open parking bays are provided with two (2) canopied parking bays and three (3) parking/storage garages. Ample additional yard space is available on Erf 14. ______Perimeter Due to the nature of the improvements on Erven 3, 4 and 5, the street-facing perimeters are unbounded with the remaining property boundaries comprising a combination of brick walls of neighbouring properties and/or building walls.
Erf 3 includes a street-facing yard section (receiving area) that has been enclosed with painted steel palisades and fitted with a manual steel sliding gate.
Erf 14 is completely enclosed by means of painted steel palisade fencing fitted with three entrance gates (two vehicular and one pedestrian entrance) along Keiser Drive only. The perimeter abutting the R24 / Albertina Sisulu Road features a painted concrete wall with no point of access. ______Occupation The property will be sold with vacant occupation upon registration of transfer. ______Condition We have not undertaken a structural survey of the buildings nor have we arranged for tests or inspections of the service installations, but these appear to be in working order.
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.
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Rates Statement Erven 3, 4 & 5 - May 2020 Billing Period
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Rates Statement May 2020 Billing Period
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Rates Statement Erf 14 - May 2020 Billing Period
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Rates Statement Erf 14 - May 2020 Billing Period
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erven 3 & 4 – Zoning Certificates
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erf 5 – Zoning Certificate
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erf 5 – Annexure 221
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erf 14 – Zoning Certificate
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erf 14 – Amendment Scheme 373
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erf 14 – Amendment Scheme 373
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erf 14 – Amendment Scheme 373 / Annexure 542
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Erf 14 – Amendment Scheme 373 / Annexure 542
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Height Development Requirements
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Floor Area Restrictions
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Coverage Restrictions
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
Zoning Information Building Line Restrictions
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
General Plan Diagram S.G. No. A8832/48
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Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort
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