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Witkoppen Oak Hill Building – Prime Office Space in Corporate Park Sandton GLA – ± 1,360.62m² (Seller Supplied) Fourways Golf Park - 7 Juliet Close Thursday, 20 February 2019 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg Warren Aronson | 082 529 1020 | [email protected] Version 2: 3 February 2020 NdJ Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton 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 Projected Gross Annual Income Summary Page 13 Projected Gross Annual Income Page 14 Lease Summaries Page 17 Rates Statement Page 20 General Plan Diagram Page 22 /AucorProperty www.aucorproperty.co.za 2 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton 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 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 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton Property Images Aerial Images Witkoppen Rd /AucorProperty www.aucorproperty.co.za 4 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton Property Images /AucorProperty www.aucorproperty.co.za 5 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton Executive Summary & Key Investment Highlights Street Address: Fourways Golf Park: 7 Juliet Close - Witkoppen, Sandton GPS Coordinates: -26.0156, 28.0014 Registered Land Size: 2,424m² Zoning: Special' - Awaiting zoning confirmation Assessment Rates & Levies: R 45,297.35 / month - excluding consumption charges and city levies. See from page 11 for full detalils The improvements on the subject property comprise of a double-storey Accommodation: office building with a basement parking level covering the extent of the building's S-shaped footprint. Area Description Approx GBA (m²) Ground floor 972 First-Floor 972 Total Gross Building Area 1 944 Areas not included in GBA Approx. Total Gross Building Area: Basement 972 Notes: Gross Building Areas are an estimate 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 platforms, passageways, voids, etc. but excludes balconies. Area Description Approx GLA (m²) Office (Ground floor) 647 Office (First-Floor) 659 Storerooms (Basement) 55 Total Gross Lettable Area 1 361 Approx. Total Gross Lettable Area: Areas not included in GLA Basement 972 Notes: 1. Gross Lettable Areas are as supplied by the Seller and have been verified to the Tenancy Schedule. The property is fully let with long-term lease agreements in place. See Occupation: from page 13 for details. Fully let office building in sought-after corporate park known as Fourways Gold Park with strong income generating capacity. Projected Gross Annual Income of ± R 2,3mil. per annum (office, parking and storage rentals only). Advantageously located in the vibrant economic hub of Fourways (Witkoppen) with ease of access to Cedar Road and Witkoppen Road Key Investment Highlights: - both of which are major throughfares through the greater Fourways area. The prime location in the centre of Fourways allows ease of access to service offerings including Fourways Mall, Cedar Square, Montecasino, Fourways Crossing and Life Fourways Hospital, to name a few, all in very close proximity to the subject 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 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton General Information Street Address Fourways Golf Park: 7 Juliet Close - Witkoppen, Sandton GPS Coordinates -26.0156, 28.0014 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T99089/2016 Registered Owner Cumulative (Pty) Ltd Title Deed Description Portion 2 of Erf 1213, Witkoppen Extension 54 Registered Land Size 2,424m² Title Deed Conditions A copy of the title deed is on hand and will be made available upon request thereof. Servitudes The erf is subject to the following servitudes - a servitude 2m wide in favour of the Local Authority for sewerage and other municipal purposes, along any two boundaries other than a street boundary; - Notarial Deeds of Servitude for Eskom purposes (No. K7070/2000S) and municipal purposes (K7069/2000S) - By Notarial Deed of Servitude (7069/1997S) a servitude (in favour of the Fourways Golf Park Property Owner's Association) for access purposes. ________________________________________________________________________________________________________ Municipality Information Municipality City of Johannesburg Metropolitan Municipality Rates & Levies Excluding consumption charges and city levies. Based on the Tax Invoice as issued by Council for the January 2020 billing period and additional seller supplied information - see a copy of the invoice attached to this brochure for these and other charges. Municipal Rates 2019 / 2020 2019 / 20 Annual 2019 / 2020 Monthly Exclusion Rebate Valuation Category Tariff Rates Rates (Annual ÷12) R 15 840 000 Business N/A N/A 0,0201470 R 319 128,48 R 26 594,04 Corporate Park Levies payable / month* R 18 703,30 Total Rates & Levies payable / month R 45 297,34 *Note: The Corporate Levy included is as per the Seller supplied income and expenses statement for the November 2019 billing period and is included as a guideline for indicative purposes only. A copy of the Levy Statement has been requested and _____________________________________________________________________________________________the actual charges will be verified and made available upon our receipt thereof. ___________ Zoning Information Zoning "Special" - Awaiting zoning confirmation /AucorProperty www.aucorproperty.co.za 7 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton Locality Information Macro Locality The subject property is situated in the sought-after office park known as Fourways Golf Park in the heart of an established suburb of Fourways, known as Witkoppen. Witkoppen, as well as the broader Fourways area, is a fast developing commercial and residential hub in the north of Johannesburg. The main access routes to Fourways are off the N1-highway at the R511/William Nicol Drive, or alternatively along the R564/Witkoppen Road. Although Fourways is constantly abuzz with activity, its position on the outskirts of the metropolis makes it a gateway to the countryside, abundant with rolling hills and game parks to enjoy both the urban offerings and wildlife attractions of Johannesburg. Fourways is bordered by Bryanston to the east and south, while Randburg lies to the west. Additionally, Fourways is conveniently located near Sandton, which is considered the financial hub of South Africa. The subject property is easily accessed by means of a number of major and secondary routes, being advantageously located between Cedar Road and William Nicol Drive and in very close proximity to Cedar Square, Fourways Mall, Montecasino and Fourways Crossing. GPS coordinates for the sites are as follows: -26.0156, 28.0014 Witkoppen Lone Hill Fourways Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 8 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton Locality LocalityInformation Information Micro Locality standard bank logo Fourways Roospark AH Roospark Entrance to to Entrance Fourways Golf Park Golf Fourways Pine Slopes AH Slopes Pine Image Data: Google, AfriGIS Ltd, (Pty) DigitalGlobe /AucorProperty www.aucorproperty.co.za 9 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton Property Description Approximate Boundaries N City Joburg of GIS MapViewer Image Data: /AucorProperty www.aucorproperty.co.za 10 Fully Tenanted Office Building in Corporate Park - Witkoppen, Sandton Property Description Accommodation The improvements on the subject property comprise of a double-storey office building
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