La Rochelle Neat Multi-Family Apartment Building Johannesburg 6 x 1-bedroom Apartments (Vacant)
33 7th street
Thursday, 20 February 2020 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg Marco Vinhas | 076 981 0561 | [email protected]
Version 2: 7 February 2020
6 Neat and Vacant Flats– La Rochelle, Johannesburg
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 5
General Information Page 6
Locality Information Page 7
Property Description Page 9
Rates Statement Page 11
General Plan Diagram Page 13
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
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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6 Neat and Vacant Flats– La Rochelle, Johannesburg
Property Images
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
Executive Summary & Key Investment Highlights
GPS Coordinates: -26.2388, 28.0559
Registered land size: 495m² Zoning: To be verified Assessment Rates: R696.77 / month (excluding consumption charges and city levies)
The subject property has been improved with a double storey apartment building with a rectangular footprint. The building has been configured to host 6 generously sized apartments, with sizes varying between 75m² and 85m². The apartments feature a similar layout and offer the following Accommodation: accommodation: • 1 x bedroom with built-in cupboards • 1 x Bathroom • Open plan living areas • Spacious kitchen
The property will be sold with vacant occupation upon registration of Occupation: transfer.
Neat, well-maintained apartment building located in a node of southern Johannesburg with a traditionally high level of demand for residential accommdation. The building will be sold vacant, allowing prospective investors complete control in unlocking the economic upside potential of the property.
Located in a node neighbouring the primary economic/industrial hub of Key Investment Highlights: southern Johannesburg, which encompasses established industrial suburbs, providing economic opportunities for inhabitants of the surrounding residential suburbs, including La Rochelle and Turfontein Situated in close proximity to the primary taxi routes passing through the area and connecting to the surrounding economic hubs, as well as to major transport modes in the Johannesburg CBD which connnect commuters to the great Gauteng City region daily.
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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6 Neat and Vacant Flats– La Rochelle, Johannesburg
General Information
Street Address 33 7th Street, La Rochelle, Johannesburg
GPS Coordinates -26.2388, 28.0559
______Title Deed Information
Title Deed Number T40986/2019
Registered Owner Private Person
Title Deed Description Erf 376, La Rochelle
Registered Land Size 495m²
Title Deed Conditions A copy of the Title Deed has been requested and will be made available upon request to bona fide prospective purchasers upon our receipt thereof.
______Municipality Information
Municipality City of Johannesburg Metropolitan Municipality
Rates Excluding consumption charges and city levies. Based on the tax invoice for the January 2020 billing period as received from council. See a copy of the rates statement attached to this brochure for these and other charges.
2019 / 2020 Municipal Rates 2019 / 2020 2019 / 2020 Exclusion Rebate Monthly Rates Valuation Category Tariff Annual Rates (Annual ÷12)
R 1 429 000 Residential R 350 000 N/A 0.0077490 R 8 361.17 R 696.76
______Zoning Information
Zoning To be verified
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
Locality Information Macro Locality The subject property is located in the centre of La Rochelle, a southern suburb of Johannesburg forming a part of a cluster of suburbs encompassing Rosettenville, Turfontein and Robertsham. The suburb is primarily residential in nature and reflects the high level of demand for rental accommodation generally associated with this part of Johannesburg, with developments being a mix of low-to-medium density residential buildings Interspersed throughout the node. The area is well serviced by various primary and secondary roads which allow easy access to the important economic to the north of the property, which include the industrial hubs of Johannesburg south and encompasses established industrial suburbs such as Prolecon, City Deep and Village Main. This property offers good access to the local amenities and surrounding suburbs of La Rochelle. These amenities include banking, transport and retail facilities. All municipal services are available in the area and are functional. GPS Coordinates for the subject property are as follows: -26.2388, 28.0559
N
Turfontein
Rosettenville
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 7
6 Neat and Vacant Flats– La Rochelle, Johannesburg
Locality Information Micro Locality
Property Description Approximate Boundaries
Prolecon
Johannesburg Johannesburg CBD
Data:Google, AfriGIS Ltd, (Pty) DigitalGlobe
Image
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
Property Description
GIS
Johannesburg ImageData: City of
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
Property Description
Accommodation The subject property has been improved with a double storey apartment building with a rectangular footprint. The building has been configured to host 6 generously sized apartments, with sizes varying between 75m² and 85m².
The apartments feature a similar layout and offer the following accommodation:
• 1 x bedroom with built-in cupboards • 1 x Bathroom • Open plan living areas • Spacious kitchen
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Construction The building is constructed of face brick structural walls under a pitched metal sheet roof.
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Finishes and Features The apartments have a combination of parquet (wood) and ceramic tile flooring installed with common areas having natural stone tile finishes. The walls are rendered and painted under mostly suspended ceiling boards.
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Perimeter and Yard The property is unenclosed along the street facing perimeter (with gates on either side of the building – away from the outer extremities of the perimeter - securing the premises). The remaining borders are generally enclosed by way of prefabricated concrete slab fencing.
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Utilities Electricity – Each apartment has been fitted with a prepaid electricity meter.
Water - Each apartment has been fitted with separate water meters, allowing for consumption charges to be accurately collected from each tenant.
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Parking Four open parking bays (presumably for visitors) are available along 7th Street. Additional parking space is available on the unutilized extents of the yard and is accessible via a manually operated gate.
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Occupation This property will be sold vacant.
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Condition The building appears to be in a decent condition and offers fair curb appeal. No structural survey has been undertaken of the buildings nor have tests or inspections of the service installations been arranged, 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
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
Rates Statement
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
Rates Statement
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6 Neat and Vacant Flats– La Rochelle, Johannesburg
General Plan Diagram
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Version 2: 7 February 2020