Heriotdale Truck Yard Johannesburg Registered Land Size ± 7,120
98 Greene Street
Tuesday, 25 August 2020 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg
Murray Lovemore | 076 237 5890 | [email protected]
Version 1: 02 July 2020 NT
Truck Yard – Heriotdale, Johannesburg
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 - Detailed Page 14
Lease Summaries Page 15
Rates Statement Page 16
Zoning Information Page 18
General Plan Diagram Page 23
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Truck Yard – Heriotdale, 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. ______Auction Information Deposit 5% of 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.
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Truck Yard – Heriotdale, Johannesburg
Property Images
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Truck Yard – Heriotdale, Johannesburg
Property Images
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Truck Yard – Heriotdale, Johannesburg
Executive Summary & Key Investment Highlights
Street Address: 98 Greene Street, Heriotdale Ext 3, Gauteng GPS Coordinates: -26.2112, 28.1261
Registered Land Size: 7,867 m2 Zoning: Industrial 1 (see a copy of the zoning certificate attached to this brochure) This section hosts a ±222m² office building, a ±60m² truck wash bay, a Wendy yard office. The office building hosts mostly open plan offices (with dry wall / Accommodation: glass partitioning), strong room, male & female WC’s, kitchenette, storeroom, security room, and a staff changing room with ablutions. There are various wall mounted air-conditioning units installed in the office areas.
Area Description GLA (± m²) Unit 1 - Avis Truck Rental 3 977 Unit 2 - Mahabeer Transport 3 143 Approx. Total Gross Lettable Area: Total Approximate Gross Lettable Area 7 120 Notes: Approximate yard areas are based on measurements supplied by the Seller.
Occupation: The property is multi-let. See from page 13 for details
18 shade net parking and a Diesel Pump with 9CM tank. This yard is secured by means of precast walling, electric fencing, Key Investment Highlights: perimeter beams and flood lighting. There is a motorised access gate and a pedestrian gate.
By bidding on t his propert y, t he purchaser acknowledges t hat he has acquaint ed himself wit h t he ext ent and t he nat ure of t he propert y he is buying, and t hat he accept s t he propert y as such.
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Truck Yard – Heriotdale, Johannesburg
General Information
Street Address 98 Greene Street - Heriotdale, Johannesburg GPS Co-Ordinates -26.2112, 28.1261 ______Title Deed Information
Title Deed Number T46986/2015 Registered Owner REZ-GHOOR INV CC VAT Registration Status Registered VAT vendor Title Deed Description Erf 98 Heriotdale Extension 3 Registered Land Size 7,867 m2 Title Deed Conditions A copy of the title deed is on hand and will be made available to prospective purchasers upon request. ______Municipality Information
Municipality City of Ekurhuleni Metropolitan Municipality Rates Based on the municipal tax invoice as received for the June 2020 billing period. See a copy of this document attached to this brochure for these and other charges. 2019 / 2020 Municipal Rates Rebate 2019 / 2020 2019 / 2020 Exclusion Monthly Rates Valuation Category (Annual) Tariff Annual Rates (Annual ÷12) R 1 900 000.00 Industrial N/A N/A 0.0262998 R 49 969.56 R 4 164.13 ______Zoning Information
Zoning Industrial 1 (see a copy of the zoning certificate attached to this brochure)
Permitted Uses (per scheme) * Industries, Offices, Commercial Purposes, Showrooms, Motor Dealers, Panel Beaters, Builders’ Yard, Service Industries, Fitment Centres, Motor Workshops, Light Industries, Auctioneers See zoning information attached for potential consent uses. Height Restriction 2 Storeys Coverage 70% / 5,506.9m² F.A.R Not Specified. Building lines 6m along street boundary, 0 m other boundaries. Parking Dependent on use - see zoning attached to this brochure.
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Truck Yard – Heriotdale, Johannesburg
Locality Information Macro Locality
The site is situated on the north eastern side of Heriotdale with road frontage onto the M2 Highway. Heriotdale is accessed from the Cleveland On/Off Ramp. The Johannesburg / Germiston boundary splits Heriotdale with the subject property on the Germiston side. Heriotdale is situated near to the N3 / M2 Interchange allowing easy highway access to other highways and major roads servicing Gauteng. The property enjoys all municipal services such as tarred roads, water, sewerage and electricity. GPS co-ordinates for the site are as follows: -26.2112, 28.1261.
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Truck Yard – Heriotdale, Johannesburg
Locality Information Micro Locality
Germiston
M2
M2
Kensington
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Truck Yard – Heriotdale, Johannesburg
Property Description Approximate Boundaries
N
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Truck Yard – Heriotdale, Johannesburg
Property Description
Accommodation Truck yard with ancillary buildings. The land has a gradual slope from top north to bottom south. The site is split into two portions with the western portion (AVIS Truck Rental) interlock brick paved and the eastern portion (Mahabeer Transport) asphalt paved. The office building hosts mostly open plan offices (with dry wall / glass partitioning), strong room, male & female WC’s, kitchenette, storeroom, security room, and a staff changing room with ablutions. There are various wall mounted air- conditioning units installed in the office areas. Note that the on-site generator belongs to the tenant. ______
Additional Features Additional improvements on the subject property include: • This yard is secured by means of precast walling, electric fencing, perimeter beams and flood lighting. There is a motorised access gate and a pedestrian gate. • AVIS Truck Rental Section: This section hosts a ±222m² office building, a ±60m² truck wash bay, a Wendy yard office, 18 shade net parking and a Diesel Pump with 9CM tank. • Mahabeer Transport: The site hosts a ±15m² kitchen building, a ±71m² store and a ±78m² truck wash bay. The asphalt paving requires repairs. • Note that the containers and metal sheds on the property belong to the tenant. Furthermore, we have not undertaken an environmental survey of the above property, nor have we arranged for an environmental audit to establish the existence or extent of any environmental contamination ______Utilities All municipal services and utilities are supplied by City of Ekurhuleni Metropolitan Municipality ______Gross Lettable Area Area Description GLA (± m²) Unit 1 - Avis Truck Rental 3 977 Unit 2 - Mahabeer Transport 3 143 Total Approximate Gross Lettable Area 7 120 Notes: Approximate yard areas are based on measurements supplied by the Seller. ______
Perimeter and Yard This yard is secured by means of precast walling, electric fencing, perimeter beams and flood lighting. There is a motorized access gate and a pedestrian gate. This section hosts a ±222m² office building, a ±60m² truck wash bay, a Wendy yard office. ______Parking 18 shade net parking bays. ______
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Truck Yard – Heriotdale, Johannesburg
Property Description Occupation The property currently has two tenants. ______Condition The asphalt paving requires repairs. Note that the containers and metal sheds on the property belong to the tenant. Furthermore, we have not undertaken an environmental survey of the above property, nor have we arranged for an environmental audit to establish the existence and/or extent of any environmental contamination.
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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Truck Yard – Heriotdale, Johannesburg
Projected Gross Annual Income - Summary Cashflow Projections - July 2020 to June 2021 Premises Item / Tenant Expiry Date Total
Rental (excluding rat es & t axes and consumpt ion charges) Unit 1 Barloworld (Pty) Ltd T/A Avis Truck Rental 2022/09/20 R 901 102.99 Unit 2 Radesh Mahabeer T/A Mahabeer Transport 2021/12/31 R 168 784.29 R 1 069 887.28
Other Income (excluding consumpt ion charges) Rates and Taxes Recovery R 49 969.56
Gross Annual Income (excluding consumpt ion charges) R 1 119 857
Not es/Assumpt ions 1, Based on t he Tenancy Schedule as supplied by t he Seller for t he June 2020 billing period . 2. All amount s represent ed above are exclusive of VAT. 3. Rat es and t axes are fully recoverable, while t he consumpt ion charges are for t he t enant s' respect ive account s. Special Not e - The rent al informat ion in t his brochure is not int ended t o const it ut e specific advice nor t o subst it ut e for a due diligence exercise, and accordingly should not be relied upon t o make a purchase decision. Prospect ive purchasers should make t heir own enquiries and invest igat ion t o confirm pert inent informat ion and forecast s, and should furt her seek appropriat e independent professional advice in relat ion t heret o from suit ably qualified professionals t o complet e t heir own due diligence in relat ion t o t he Propert y.
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Truck Yard – Heriotdale, Johannesburg
Projected Gross Annual Income - Detailed
49 969.56 49
R 1 119 857 119 1 R
168 784.29 168
901 102.99 901
Total 1 069 887.28 069 1
R R
R R
R R R R
R 95 081 95 R
4 164.13 4
90 917.16 90
14 408.42 14
76 508.74 76
Jun-21
R R
R R R R
R
R 95 081 95 R
4 164.13 4
90 917.16 90
14 408.42 14
76 508.74 76
May-21
R R
R R R R
R
R 95 081 95 R
4 164.13 4
90 917.16 90
14 408.42 14
76 508.74 76
Apr-21
R R
R R
R R R R
R 95 081 95 R
4 164.13 4
90 917.16 90
14 408.42 14
76 508.74 76
Mar-21
R R
R R R R
R
R 95 081 95 R
4 164.13 4
90 917.16 90
14 408.42 14
76 508.74 76
Feb-21
R R
R R
R R R R
R 95 081 95 R
4 164.13 4
90 917.16 90
76 508.74 76
14 408.42 14
Jan-21
R R
R R R R R
395 94 R
4 164.13 4
90 231.04 90
13 722.30 13
76 508.74 76
Dec-20
R R
R R R R
R
R 94 395 94 R
4 164.13 4
90 231.04 90
13 722.30 13
76 508.74 76
Nov-20
R R
R R
R R R R
R 94 395 94 R
4 164.13 4
90 231.04 90
13 722.30 13
76 508.74 76
Oct-20
R R
R R R R R
728 88 R
4 164.13 4
84 563.73 84
13 722.30 13
70 841.43 70
Sep-20
R R
R R R R
R
R 88 728 88 R
4 164.13 4
84 563.73 84
13 722.30 13
70 841.43 70
Aug-20
R R
R R
R R R R
R 88 728 88 R
4 164.13 4
84 563.73 84
13 722.30 13
70 841.43 70
Jul-20
R R
R R
R R R R
Units
3143 3977
120.00 7
Approx. Area / / Area Approx. 4.37
17.81
Basic Rent Rent Basic R R
R
Esc. 5.0% 8.0%
2021/12/31
2022/09/20 Expiry Date Expiry
(excluding consumpt (excluding ioncharges)
Tenant / Item
Income Estimated Total Radesh Mahabeer T/A Mahabeer TransportRadesh Mahabeer (Pty)Ltd T/ABarloworld Avis Truck Rental
consumpt (excluding ioncharges)
(excluding rat (excluding t & consumpt es and axes ioncharges)
Unit2
Unit1
Premises
tconfirm o pert inentinformat forecast ionand furt appropriatshould and s, seek her independent e professionalin advice relat iont heretfrom o suit qualified ably professionalst complet o t e diligence in heirrelatdue own iont t o Propert he y.
Special Not e - The rent SpecialNot The - al informat e ionin t isnot hisintbrochure t ended const o it uttspecificmake tnor advice e should subst o Prospectinvestdecision.and it heir enquiries purchasers iveowntnot reliedshould purchase upon makea be diligence accordingly igat and o utexercise, due fora e ion
3.Rat whiletand recoverable, fully es t are axes consumptfort he are ioncharges t he enantrespect s' account ive s.
2.All VAT. ofamount exclusive are represent s above ed
1, Based on t he Tenancy Schedule as supplied by t billing2020Sellerby suppliedfor t he as June Schedule period. he t on 1,Tenancy Based he
Not es/Assumpt ions
RatesTaxesandRecovery
Other Income Income Other Rental Rental June2021 to 2020 July - Projections Cashflow
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Truck Yard – Heriotdale, Johannesburg
Lease Summaries These lease summaries should not be relied upon in isolation and should be read in conjunction with the executed lease documents. ______
Lease 1 – Likely to be terminated by end of August
Tenant Barloworld South Africa (Pty) Ltd t/a Avis Truck Rental
Rentable Area 3,977m² Start Date 1 October 2017 Expiry Date 30 September 2022 Escalation Rate 8% per annum Monthly Rental (excl VAT)* Start Date End Date Area Amount 1/10/2019 30/09/2020 R 70 841.43 1/10/2020 30/09/2021 3977 R 76 508.74
01/10/2021 30/09/2022 R 82 629.44 Recoveries Assessment rates (84.49%), effluent ______
Lease 2
Tenant Mahabeer Transport
Rentable Area 3,143m² Start Date 1 January 2016 Expiry Date 31 December 2021 Escalation Rate 5% per annum Monthly Rental (excl VAT)* R13,722.30 / month ______
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Truck Yard – Heriotdale, Johannesburg
Rates Statement
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Truck Yard – Heriotdale, Johannesburg
Rates Statement
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Truck Yard – Heriotdale, Johannesburg
Zoning Information
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Truck Yard – Heriotdale, Johannesburg
Zoning Information
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Truck Yard – Heriotdale, Johannesburg
Zoning Information
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Truck Yard – Heriotdale, Johannesburg
Zoning Information
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Truck Yard – Heriotdale, Johannesburg
Zoning Information
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Truck Yard – Heriotdale, Johannesburg
General Plan Diagram
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Truck Yard – Heriotdale, Johannesburg
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