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98 Greene Street 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 /AucorProperty www.aucorproperty.co.za 2 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. /AucorProperty www.aucorproperty.co.za 3 Truck Yard – Heriotdale, Johannesburg Property Images /AucorProperty www.aucorproperty.co.za 4 Truck Yard – Heriotdale, Johannesburg Property Images /AucorProperty www.aucorproperty.co.za 5 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. /AucorProperty www.aucorproperty.co.za 6 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. /AucorProperty www.aucorproperty.co.za 7 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. /AucorProperty www.aucorproperty.co.za 8 Truck Yard – Heriotdale, Johannesburg Locality Information Micro Locality Germiston M2 M2 Kensington /AucorProperty www.aucorproperty.co.za 9 Truck Yard – Heriotdale, Johannesburg Property Description Approximate Boundaries N /AucorProperty www.aucorproperty.co.za 10 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 WendyArea Description yard office, 18 shade netGLA parking (± m²) and a Unit 1 - Avis Truck Rental 3 977 Diesel Pump with 9CM tank. Unit 2 - Mahabeer Transport 3 143 • Mahabeer TransportTotal :Approximate The site hosts Gross a ±15m² Lettable kitchen Area building,7 a120 ±71m² store and a ±78m² truckNotes: wash bay. The asphalt paving requires repairs. • Note that the Approximatecontainers and yard metal areas sheds are based on the on property measurements belong to the tenant. Furthermore,supplied we by havethe Seller. 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 ________________________________________________________________________________________________________ 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. ________________________________________________________________________________________________________ /AucorProperty www.aucorproperty.co.za 11 Truck
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