5 Keiser Drive
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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 /AucorProperty www.aucorproperty.co.za 2 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. ________________________________________________________________________________________________________ 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 Mixed-Commercial Site along the R24 – Princess, Roodepoort Property Images /AucorProperty www.aucorproperty.co.za 4 Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort Property Images /AucorProperty www.aucorproperty.co.za 5 Prime Mixed-Commercial Site along the R24 – Princess, Roodepoort Property Images /AucorProperty www.aucorproperty.co.za 6 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. /AucorProperty www.aucorproperty.co.za 7 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. ________________________________________________________________________________________________________ /AucorProperty www.aucorproperty.co.za 8 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. /AucorProperty www.aucorproperty.co.za 9 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