705 Madiba Drive
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Matsulu-A Income Generating Investment Opportunity Mpumalanga GLA – ±6,082.54m2 (Seller Supplied) 705 Madiba Drive Tuesday, 25 August 2020 @ 12h00 Online Webcast Auction Lael Levy | 073 384 7714 | [email protected] Draft Version 3: 6 August 2020 NvV Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga 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 Site Layout Plan Page 13 Projected Gross Annual Income Summary Page 14 Projected Gross Annual Income Page 15 Rental Summary Page 16 Lease Summaries Page 17 Rates Statement Page 25 Zoning Information Page 26 Surveyor General Diagram Page 28 /AucorProperty www.aucorproperty.co.za 2 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga 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 7 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 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga Property Images Aerial Image lustrative purposes only. only. purposes lustrative are drawn for il for drawn are Boundary lines are not to scale and and scale to not are lines Boundary /AucorProperty www.aucorproperty.co.za 4 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga Property Images /AucorProperty www.aucorproperty.co.za 5 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga Executive Summary & Key Investment Highlights Matsulu Spar Shopping Centre: 704 Madiba Dr - Matsulu-A, Street Address: Mpumalanga GPS Coordinates: -25.5189, 31.3538 Registered Land Size: 1.1003ha/11,003m² Zoning: 'Business' - see a copy of the zoning certificate attached to this brochure. Assessment Rates: R 51,069.60 per month - excluding consumption charges and city levies. See from page 11 for full accommodation details: The improvements on the subject property comprise of a convenience shopping centre currently configured to host approximately 20 units of varying sizes and configuration. The units have been organized to form a U-shaped footprint and offer a Accommodation: total gross lettable area of ± 6,086.54m². The building features covered walkways along the shop front extents. Each of the units are accessible from the exclusive and enclosed parking yard, accessible from a primary access gate located on Madiba Drive. Approx. Total Gross Lettable Area: ±6,082.54m² (Seller supplied) The property is multi-let with ongoing lease agreements in place. Occupation: See from page 14 for details. Situated in the bustling, primary trading node of Matsulu-A, situated between Mbombela and Malalane. Prime location along the main area arterial, being Madiba Drive, which provides ease of access to the nearby N4-highway. Key Investment Highlights: Strong income generating capacity, supported by various national tenants and anchored by Spar. Ideal investment property with a Projected Gross Annual Income of ±R8,795,284 in the first year of ownership (contractual inflows only and excluding recoverable expenses). Unless otherwise stated, all movables and tenant installed Exclusions: equipment (air-conditioning units, generators, etc.) are excluded from the sale of this property. 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 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga General Information Street Address Matsulu Spar Shopping Centre: 704 Madiba Dr - Matsulu-A, Mpumalanga GPS Coordinates -25.5189, 31.3538 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T11584/2015 Registered Owner Arrowhead Properties (Pty) Ltd Title Deed Description Erf 2039, Matsulu-A, Mpumalanga Registered Land Size 1.1003ha/11,003m² Title Deed Conditions A copy of the Title Deed is on hand and will be made available to bona fide prospective purchasers upon request thereof. Servitudes The erf is subject to servitudes 3m wide (along street boundary), 2m wide (along rear / mid-block boundary) and a servitude along the side boundaries with an aggregate width of 3m and a minimum width of 1m, in favour of the local municipality for sewerage and other municipal purposes. ________________________________________________________________________________________________________ Municipality Information Municipality City of Mbombela Metropolitan Municipality Rates Excluding consumption charges and city levies. Based on the Tax Invoice as issued by Council for the June 2020 billing period - see a copy attached to this brochure for these and other charges. 2019 / 2020 Municipal Rates 2019 / 20 Annual Exclusion Rebate 2019 / 2020 Tariff Monthly Rates Valuation Category Rates (Annual ÷12) R 39 360 000 Business N/A N/A 0,0155700 R 612 835,20 R 51 069,60 ________________________________________________________________________________________________________ Zoning Information Zoning (per scheme*) 'Business' - see a copy of the zoning certificate attached to this brochure. Permitted Uses (per zoning) "Places of refreshment, hotels, shops, dwelling units, residential buildings, places of public worship, place of instruction, social halls, dry cleaners and offices" Consent Use N/A Height Three (3) storeys Floor Area Ratio 2,0 (places of refreshment, hotels, social halls, dry cleaners and offices); 1,5 (shops); 1,6 (dwelling units); 1,8 (residential buildings) Coverage 80% (places of refreshment, hotels, social halls, dry cleaners and offices); 60% (shops, dwelling units, residential buildings); 75% (places of public worship and/or instruction) Density 1 dwelling unit per 300m²-500m² (20-33 dwelling units / ha) Building Lines 5m street boundary; 2m all other boundaries Parking & Loading Requirements Varying based on land use - as per attached zoning certificate * Nelspruit Town Planning Scheme, 1989 - a copy is on hand and will be made available upon request thereof. /AucorProperty www.aucorproperty.co.za 7 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga Locality Information Macro Locality The subject erf is advantageously located along Madiba Drive in the bustling township of Matsulu-A, the south-eastern section of the greater Matsulu township. Matsulu is a township in the Mbombela Municipality under the Ehlanzeni District Municipality in the Mpumalanga province of South Africa. It lies next to the N4 national road, 41 km east of Nelspruit (Mbombela) CBD, 3 km before the Kaapmuiden train station and approximately 23km west of Malalane. The immediate locality of the subject property is characterised by a mixed use character, ranging from low density residential dwellings to institutions such as the Matsulu Public Library and a number of primary and secondary schools. The property is advantageously located along Madiba Drive, which is the main arterial providing access to the greater Matsulu township from the N4 highway, as well as being the primary internal arterial connecting the east to the west of the greater Matsulu. The proximity to the N4 highway provides ease of access to nearby towns such as Mbombela and Malalane and their wide ranges of service offerings. In addition, it provides ease of access to the nearby Kruger National Park, as well as Mozambique via the Lebombo Border Post. The site is connected to all major municipal services with all general amenities available in the area and/or nearby towns. GPS coordinates for the site are as follows: -25.5189, 31.3538. Kaapmuiden Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 8 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga Locality LocalityInformation Information Micro Locality Nkomazi Toll Plaza Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe Ltd, (Pty) AfriGIS Google, Data: Image /AucorProperty www.aucorproperty.co.za 9 Matsulu Spar Shopping Centre: Investment Opportunity – Matsulu-A, Mpumalanga Locality