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Property for Sale PROPERTY FOR SALE PORTFOLIO DISPOSAL 90 THIRD STREET SPRINGS GAUTENG MIXED USE BUILDING FOR SALE ASKING PRICE R7 000 000 (SERIOUS OFFERS WILL BE CONSIDERED) Contact for further info: Darryl Shaff Cell: 082 45 45 954 Email: [email protected] 1. ADDRESS’ OF PROPERTY Property Address: 90 Third Street AND 90 Second Street, Springs Central, Ekurhuleni, Gauteng Erf & Suburb & City: ERF 334 AND Erf 1858, Springs Central, Ekurhuleni, Gauteng ERF Sizes: 310m² AND 1547m² Total Erven 1857m² 2. DESCRIPTION OF SUBJECT PROPERTY The advertiser is a large mixed-use building in the Springs CBD. The building consists of: 30 x One-bedroom flats with a small lounge, open plan kitchen and bathroom. 24 x Retail shops that are placed over 3 streets for maximum exposure. 3. AREA INFORMATION Springs is currently one of the industrial centres of the Witwatersrand and also the Eastern Gateway of Gauteng towards Mpumalanga and Northern KwaZulu Natal. Springs is also a transporting centre with many transporting companies. Springs has a well developed CBD with a couple of high-rise office buildings housing the regional office of Telkom. There are two major shopping malls in the Springs Downtown serving Springs, The Avenues and Palm Springs. There are a number of shopping centres in the suburbs of Springs. Springs Mall on Wit Road at the N17 onramp gives the area 50000 m² of premium retail shopping. There are several schools, ranging from pre-primary to secondary schools, and a tertiary college in Springs. Springs is served by two national highways. The N12 is an east/west freeway, connecting Springs with Witbank to the east and with Johannesburg in the west. The N17 is also an east/west freeway. Springs is also served by four regional routes, the R29, R51, R554 and the R555. The R29 is an east/west regional route which connects Springs with Benoni northwest of Springs and with Leandra in the east. The north–south R51 which connects Springs with Pretoria in the north and with Nigel, Springs is also a major railway hub. Springs is a sub hub for the Metrorail Gauteng with the Springs- Johannesburg trains serving Springs, Brakpan, Benoni, Boksburg, Germiston and Johannesburg. Springs is served by the Far East Rand provincial Hospital and three private hospitals, the N17 Hospital, the St Mary Women's Hospital and the Parkland Hospital closer to the Springs CBD. Then there are many private clinics, some of them under Medi Clinic. 4. SITE PHOTOGRAPHS Entrance, Lounge and Kitchen Area Bedroom with En-suite Bathroom Bathroom Retail Section 1 Front of Building Proximity to The Metropolitan Building 5. RENT ROLL JULY 2020 RENTAL WATER UNIT NO POTENTIAL CHARGED CHARGED TOTAL RECEIVED 101 2100 2100 225 2325 2150 102 2210 2210 75 2285 2300 103 2100 2100 250 2350 2500 104 2370 2370 116,7 2486,7 2902,08 105 2210 2210 375 2585 2550 106 2400 0 0 0 VACANT 107 1800 0 0 0 VACANT 108 1780 1780 204,23 1984,23 5221,39 109 2210 2210 233,4 2443,4 2443,4 110 2100 0 0 0 VACANT 111 1780 1780 250 2030 2700 112 1800 0 0 0 0 113 1620 1620 0 1620 1650 114 2200 2200 225 2425 2500 115 2100 0 0 0 CARETAKER 116 540 540 0 540 0 117 2100 0 0 0 VACANT 210 1600 1600 100 1700 1470 211 1650 1650 0 1650 VACANT 212 1800 1800 75 1875 1880 213 2000 200 25 225 2000 214 1720 1720 175,05 1895,05 2093,48 215 1800 1800 0 1800 1800 216 1830 1830 75 1905 2000 217 1720 1720 275 1995 1995 218 2210 2210 145,88 2355,88 2386,28 219 1830 1830 175 2005 2010 220 1650 1650 0 0 1650 221 2000 1850 145,88 1995,88 1647,08 222 1850 1850 0 0 1850 301 1300 0 0 0 VACANT 302 2300 0 0 0 VACANT 303 2100 0 0 0 0 304 1978 1978 145,88 2123,88 2139,88 305 1700 1700 125 1825 2000 306 1800 1800 0 1800 0 307 1850 1850 150 2000 2000 308 1300 1300 100 1400 1400 309 2450 2450 0 2450 2450 SHOP A01 1498 1498 0 1498 1452,48 SHOP A02 3000 0 0 0 VACANT SHOP A03 3000 0 0 0 VACANT SHOP A04 2950 0 0 0 VACANT SHOP A05 2185 2185 145,88 2330,88 2290,42 SHOP A06 3220 3220 116,7 3336,7 2000 SHOP A07 2000 2000 29,18 2029,18 1968,68 SHOP A08 3000 3000 25 3025 1800 SHOP A09 3000 3000 0 3000 VACANT SHOP A10 2218,35 2218,35 145,88 2364,23 1412,88 SHOP A11 3000 3000 0 3000 VACANT SHOP A12 2239,9 2239,9 0 2239,9 0 SHOP A13 3000 3000 0 3000 VACANT SHOP A14 2925,44 2925,44 116,7 3042,14 3145,08 SHOP B01 2975,88 2975,88 29,18 3005,06 5923,68 SHOP B02 2817,5 2817,5 0 2817,5 5244,48 SHOP B03 2950 2950 0 2950 4979,48 SHOP B04 1995,25 1995,25 0 1995,25 1963,28 SHOP C01 2900 2900 0 2900 0 SHOP C02 5405 5405 29,18 5434,18 5438,56 SHOP C03 2383,95 2383,95 0 2383,95 0 SHOP C04 2383,95 2383,95 0 2383,95 2470,48 SHOP C05 2900 2900 29,18 2929,18 2903,88 TOTALS 137806,22 108906,22 4275,54 102681,97 6. MUNICIPAL ACCOUNT 7. OTHER ASSETS IN THIS PORTFOLIO rd The Old SARS Building is 74 3 Street in Springs and only 550m away from The Metropolitan Building and the Advertiser Building The Metropolitan Building is right next door to the Advertiser Building. The Wilco Building is based at 304 Commissioner Street Boksburg CBD. The Kenilworth Property is a retail opportunity 91 Main Road Kenilworth Rosettenville Johannesburg 8. PORTFOLIO SUMMARY The Sars Building Compromises of 42 x 1 bedroom flats with a further 10 rooms Gross Monthly Income (JAN 2020) R74 525.00 Vacancies are 14 units (some have been tenanted since) Potential Gross Monthly Income R103 050.00 Asking Price R5 000 000.00 The Metropolitan Building Compromises of 57 flats Gross Monthly Income (JAN 2020) R113 689.00 Vacancies are TBC Asking Price R8 000 000.00 The Wilco Building Compromises of 10 flats with a further 4 Shops and 3 rooms Gross Monthly Income R77 574.00 Vacancies are 0 units Asking Price R5 000 000.00 The Kenilworth Building Compromises of 7 Retail Shops Gross Monthly Income R39 500.00 Vacancies are 0 units Asking Price R3 000 000.00 .
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