Halfway House Estate Commercial Property with N1 Frontage Midrand Multi-national Disposal 88 2nd Street Tuesday, 17 March 2020 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg Luke Rebelo | 072 493 2148 | [email protected] Version 2: 3 March 2020 NT Corporate Headquarters - Halfway House Estate, Midrand 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 10 Property Description Page 12 Building Plans Page 16 Rates Statement Page 21 Zoning Information Page 23 Surveyor General Diagram Page 28 /AucorProperty www.aucorproperty.co.za 2 Corporate Headquarters - Halfway House Estate, Midrand 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 14 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. The Seller requires that prospective purchasers complete a short due diligence questionnaire upon registering to participate at the auction. Questionnaire to be supplied upon request. /AucorProperty www.aucorproperty.co.za 3 Corporate Headquarters - Halfway House Estate, Midrand Property Images /AucorProperty www.aucorproperty.co.za 4 Corporate Headquarters - Halfway House Estate, Midrand Property Images External Images /AucorProperty www.aucorproperty.co.za 5 Corporate Headquarters - Halfway House Estate, Midrand Property Images Interior Images – Offices /AucorProperty www.aucorproperty.co.za 6 Corporate Headquarters - Halfway House Estate, Midrand Executive Summary & Key Investment Highlights Street Address: 88 2nd Street - Halfway House, Midrand GPS Coordinates: -25.991086,28.125276 Registered Erf Size: 1.9331ha/19,331m² "Special" – see a copy of the zoning certificate attached to this Zoning: brochure Assessment Rates & Levies: R65,477.75 / month (excluding consumption charges and city levies ) See from page 12 for full accommodation details The improvements on the subject property comprise of an office Accommodation: complex made up of multiple buildings offering office accommodation with an extensive variety of supporting amenities accommodated thereon, as well. Area Description Area (± m²) Block A & B 1 192.5 Block C 523.6 Block D 523.6 Block E 523.6 Block F 523.6 Block G (3 Storeys) 2 306.3 Links 1 - 4 164.0 Canteen 290.0 Gross Lettable Areas: Guardhouse 5.5 Total approximate Gross Building Areas 6 052.7 Note: 1. Gross Building Areas are estimates based on a combination of on-site and aerial photograph measurements taken along the outer walls of built structures. 2. Reference has been made to the approved building plans, as well. The intended occupation date is 1 December 2020. A monthly occupational rent of 1% of the sales price will be paid to the Occupation: purchaser in the period between the date of registration of transfer and the occupation date. Located in an established mixed-use node of the rapidly developing Midrand town, within close proximity to a growing population comprised of a young demographic constituting the primary workforce in the area. Situated in an area well-serviced by a network of various major arterial roads and highways, all within close proximity and highly accessible Key Investment Highlights: from the subject site. These include Old Pretoria Main Road and nearby N1 highways. Excellent exposure to passing vehicular traffic with frontage onto the N1 highway (huge billboard potential, as well). Property being offered with vacant occupation, with improvements suitable for educational groups. 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 7 Corporate Headquarters - Halfway House Estate, Midrand General Information Street Address 88 2nd Street - Halfway House, Midrand GPS Coordinates -25.991086,28.125276 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T9935/2002 Registered Owner Foster Wheeler Properties (Pty) Ltd Title Deed Description Portion 189 of the farm Waterval 5-IR Registered Erf Size 1.9331ha/19,331m² Title Deed Conditions A copy of the Title Deed is on hand and will be made available upon request. The property is subject to a perpetual right of way servitude and stormwater servitude which are respectively indicated by figure ABCD and EFG on Diagram A996/88 in favour of the Town Council of Midrand as more fully appears from Notarial Deed No. K1655/88S dated 10th May 1988. ________________________________________________________________________________________________________ Municipality Information Municipality City of Johannesburg Metropolitan Municipality Rates & Levies Excluding consumption charges and city levies. Based on the tax invoice and levy statement for the June 2019 billing period - See a copy of the tax Invoice and levy statement for these and other charges, as well as a detailed breakdown on the levies charged as summarized below. 2019 / 2020 Municipal Rates 2019 / 2020 2019 / 2020 Exclusion Rebate Monthly Rates Valuation Category Tariff Annual Rates (Annual ÷12) Agricultural R 39 000 000 N/A N/A 0.0201470 R 785 733.00 R 65 477.75 Business ________________________________________________________________________________________________________ /AucorProperty www.aucorproperty.co.za 8 Corporate Headquarters - Halfway House Estate, Midrand General Information Zoning Information Zoning 'Special' - See a copy of the zoning certificate attached to this brochure. Amendment Scheme 304 Permitted Uses (per amendment scheme) "…for the purposes of electronic apparatus manufacturing; chemical manufacturing; manufacture of watches, clocks, jewellery and related articles; manufacture of optical and photographic goods and provision of related services; manufacture of specialty good; research and training" Coverage 30%/5,799.3m² Floor Area Ratio 0.5/9,665.5m ² Height Restriction Two (2) Storeys Building Lines As per annexure/amendment scheme Parking 4 parking bays per 100m² gross office floor area 2 parking bays per 100m² gross other floor area ¹Halfway House and Clayville Town Planning Scheme 1976 – a copy of the scheme will be made available upon request. /AucorProperty www.aucorproperty.co.za 9 Corporate Headquarters - Halfway House Estate, Midrand Locality Information Macro Locality The property is situated in a commercial node of the bustling mixed-use suburb of Halfway House, in Midrand. The immediate locality is characterised by large scale commercial developments comprising a mixture of corporate headquarters and distribution facilities of a number of blue-chip companies across a variety of sectors, including the likes of African Bank, Nando’s and BMW Group South Africa to name a few. The subject property enjoys simple access to and from a number of major arterials, including Old Pretoria Main Road, Kerk Street, New Road and Le Roux Avenue, which connect the locality to the greater Midrand town. The N1 highway is located in close proximity to the subject property allowing for simple access to the broader City of Gauteng Region. All major and general amenities are available within the immediate and broader vicinity of the property, which encompasses the vast array of boutique retail and leisure offerings in the sprawling Waterfall precinct. GPS coordinates for the site are as follows: -25.991086,28.125276 Carlswald Kyalami Park Barbeque Downs Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 10 Corporate Headquarters - Halfway House Estate, Midrand Locality LocalityInformation Information Micro Locality Waterfall Buccleuch Buccleuch Interchange Halfway House Halfway Image Data: Google, AfriGIS Ltd, (Pty) DigitalGlobe /AucorProperty www.aucorproperty.co.za 11 Corporate Headquarters - Halfway House Estate, Midrand Locality PropertyInformation Description Approximate Boundaries N Stormwater Servitude Servitude Stormwater Area G F E D C Right of Way Servitude Way of Right & B & Block A A Block g GIS Johannesbur Image Data: City of /AucorProperty www.aucorproperty.co.za 12 Corporate Headquarters - Halfway House Estate, Midrand Property