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Corner Hyde Avenue & Alan Road Eldoraigne Fuel Site with Income Generating Retail Component Centurion Sale of Business & Property Corner Hyde Avenue & Alan Road Tuesday, 25 August 2020 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg Warren Aronson | 082 529 1020 | [email protected] Version 3: 5 August 2020 NvV Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion 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 9 Property Description Page 11 Site Layout Plan Page 14 Key Agreements & Licences Page 15 Rental Summary Page 20 Fuel Sales Summary Page 21 Income Summary Page 22 Rates Statements Page 23 General Plan Diagram Page 24 /AucorProperty www.aucorproperty.co.za 2 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion 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 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 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion Property Images Note: Boundary lines are not to scale and are drawn for illustrative purposes only. /AucorProperty www.aucorproperty.co.za 4 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion Property Images /AucorProperty www.aucorproperty.co.za 5 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion Executive Summary & Key Investment Highlights Street Address: Corner Hyde Avenue & Alan Road - Eldoraigne, Centurion GPS Coordinates: -25.8370, 28.1545 Registered Land Size: 2,986m² Zoning: "Special" - based on Seller supplied information. Assessment Rates: R 8,293.54 per month - excluding consumption charges and city levies. See from page 11 for full accommodation details. The improvements on the site comprise of a primary distinguishable retail Accommodation: building with a mostly rectangular footprint, flanked by ancillary buildings attached to the western building facade and fronted by an extensive canopied forecourt, various shade-net covered carports and recreation areas. Area Description Approx GBA (m²) Retail Building (including car wash unit) 620 Areas not included in GBA Forecourt canopy 204 Approx. Gross Building Area: Notes: Gross Building Areas are based on a combination of on-site and aerial photograph measurements taken along the outer walls and includes all internal penetrations such as passageways. The property is multi-tenanted, all currently effective on a month-to- Occupation: month basis. The Seller has indicated that all agreements are to be renewed and/or signed for 1 (one) year – see page 19 for rental details. Caltex Fuel Station with income generating multi-retail component. Selling property & business. Current average volumes of ±204,148.509ℓ per month (for the period Key Investment Highlights: March 2019 - Feb 2020) with upside opportunity. Strategically located on a corner stand with frontage onto three streets, allowing for exposure to high volumes of passing traffic. Additional income from an on-site ATM. 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 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion General Information Street Address Corner Hyde Avenue & Alan Road - Eldoraigne, Centurion GPS Coordinates -25.8370, 28.1545 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T59054/2015 Registered Owner Q Tique 231 (Pty) Ltd Title Deed Description Erf 71, Eldoraigne Registered Land Size 2,986m² Title Deed Conditions Condition 4 - "The erf shall be used solely for the purpose of conducting thereon the business of a motor garage and for purposes identical thereto" Condition B - For a period of 20 (twenty) years from 3 February 2015, the Property shall not be utilised for any purpose other than the purpose of carrying on the business of a Caltex branded service station, except as Chevron South Africa (Pty) Ltd may direct in writing, provided that any portion(s) of the Property not used as a Caltex branded service station shall not be used for the purpose of carrying on any of the business of a garage, filling station or service station for motor vehicles. A copy of the title deed is on hand and will be made available upon request thereof. Servitudes The erf is subject to a servitude, 1,83m wide, in favour of the local authority, for sewerage and other municipal purposes along any one of its boundaries other than a street boundary. ________________________________________________________________________________________________________ Municipality Information Municipality City of Tshwane Metropolitan Municipality Rates Excluding consumption charges and city levies. Based on the Tax Invoices for the June 2020 billing period - See a copy of the Tax 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) Business & R 7 200 000 N/A N/A 0,0138226 R 99 522,48 R 8 293,54 Commercial /AucorProperty www.aucorproperty.co.za 7 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion General Information Zoning Information The zoning certificate currently indicates the property erroneously zoned "Residential 1". We have received confirmation from the Town Planner that, in terms of Proclamation Notice No. 244/1949 and the subsequent Conditions of Establishment, the site is approved for "the business of a motor garage and purposes incidental thereto". Deed of Transfer No. T59054/2015 confirms that the land use right (i.e. zoning) has been successfully transferred since 1949 (a copy is on hand and will be made available upon request). In terms of the Town Planner's letter (a copy is on hand and will be made available upon request), the following land use perimeters was applied for and subsequently approved: Zoning "Special" Permitted Uses (per zoning) 'Public garage, car wash, places of Refreshment, shops, hairdresser, offices and a caretaker's flat' Height Restriction 2 (Two) Storeys (10m) Coverage 50% (canopy excluded) / 1,493m² F.A.R. 0,3 / 895.8m² Building lines As per scheme * Parking As per scheme * * Tshwane Town-Planning Scheme, 2008 (revised 2014) - a copy is on hand and will be made available upon request. /AucorProperty www.aucorproperty.co.za 8 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion Locality Information Macro Locality The subject property is advantageously on the corner of Hyde Avenue and Alan Road, with the eastern property perimeter abutting another street being Colin Road. The site is advantageously situated just off a primary area arterial being Ruimte Road (R114), providing ease of access to the nearby R101 (Old Johannesburg Road) situated less than 1km to the northeast of the property, as well the R55 (further southwest of the property), in an established suburb north of Centurion Central known as Eldorainge. Eldoraigne is predominantly characterised by mixed residential developments, with the bustling Saxby Avenue located in close proximity to the site being lined with a mixed-used character boasting various prominent business and retail developments. The highly accessible and advantageous corner location allows high road exposure, as well as ease of access to a variety of specialised and diverse amenities and service offerings including the likes of Zwartkop Country Club, Hoërskool Zwartkop, Hoërskool Eldoraigne and the Royal Elephant Hotel and Conference Centre. All services are available in the area. GPS coordinates for the site are as follows: -25.8370, 28.1545 Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 9 Fuel Site with Retail Component (Property and Business) – Eldoraigne, Centurion Locality LocalityInformation Information Micro Locality Park Tamara Clubview Ruimte (R114) Rd Image Data:
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