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
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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.
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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/
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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.
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Corporate Headquarters - Halfway House Estate, Midrand
Property Images
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Corporate Headquarters - Halfway House Estate, Midrand
Property Images External Images
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Corporate Headquarters - Halfway House Estate, Midrand
Property Images Interior Images – Offices
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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.
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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 ______
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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.
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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
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Corporate Headquarters - Halfway House Estate, Midrand
Locality LocalityInformation Information Micro Locality
Waterfall
Buccleuch Buccleuch
Interchange
Halfway House Halfway
ImageData: Google, AfriGIS Ltd, (Pty) DigitalGlobe
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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 g GIS
Johannesbur ImageData: City of
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Corporate Headquarters - Halfway House Estate, Midrand
Property Description
Accommodation The improvements on the subject property comprise of an office complex made up of multiple buildings offering office accommodation with an extensive variety of supporting amenities accommodated thereon, as well.
The primary accommodation on the complex is made up of 6 separately distinguishable buildings (Block A to G – Block A&B are under one roof) internally connected by 5 links. The individual buildings generally offer open spans, which have been configured to accommodate private offices, boardrooms, meeting rooms and the like as required by the current owner, with these spaces being mainly configured by way of drywall partitioning. Accommodated in the various links are supporting amenities including kitchenettes, ablutions, printing areas, etc.
A seventh building hosts a full-spec clubhouse, which currently accommodates an open plan canteen/eating area, an industrial kitchen, two storage rooms/private offices and a covered patio. This building is closely flanked by enclosures holding the diesel tank and the generator to which it is linked. ______Additional Features The buildings include the following additional features: • Biometric access-controlled entrances to all the buildings • Split-unit air-conditioning fitted throughout • Various security measures (including CCTV cameras, alarm systems and a guardhouse) and fire safety equipment are installed throughout the buildings • Fire safety equipment installed at various key points throughout the buildings and the property as a hole • Separate control room hosting the distribution boards for each building • On-site Generator (capacity and ownership to be confirmed). • Diesel tank with a 4000l capacity, connected to the generator • 5 x Jojo Tanks connected to the municipal supply in the area (can supply water to the property for approximately a week in the event of water supply cuts) • High speed fibre cable installed on the property • MTN and Vodacom cellphone signal boosters installed on-site (to counter the traditionally poor network reception in the area) • Separate control room for the gas supply to the property • Internal layout configuration mostly by way of drywall partitioning, allowing for simple reconfiguration to meet changing needs as and when required
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Corporate Headquarters - Halfway House Estate, Midrand
Property Description
Construction The buildings are constructed of exposed face brick wall structures under flat slate tile roofing. ______
Fixtures and Finishes The offices internally feature standard office finishes throughout, generally comprising a combination of ceramic and tile floors under suspended ceiling board panels fitted with lightboxes. ______
Utilities All services are supplied by the City of Johannesburg Metropolitan Municipality. Utilities (including but not limited to water, electricity, refuse, sewerage and rates and taxes) are metered (where applicable) and levied to the owner’s account on a postpaid basis. The necessary electrical, fire and sewerage reticulation system CoC’s (Certificates of Compliance) are in place. Copies are on hand and will be made available upon request. ______Gross Building Areas 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 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. ______
Parking & Yard The yard is covered with interlocked brick paving throughout with landscaped gardens in places. ±6 Open Parking Bays ±125 Covered / Shadenet Parking Bays Total parking provided: ±131 parking bays. ______
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Corporate Headquarters - Halfway House Estate, Midrand
Property Description
Perimeter The property is enclosed by means of a combination of steel palisade fencing, brick wall fencing and pre-cast concrete slabs. ______Occupation The intended occupation date is 1 December 2020. A monthly occupational rent of 1% of the sales price will be paid to the purchaser in the period between the date of registration of transfer and the occupation date. ______Condition The building appears to be in good condition and offers excellent curb appeal with ongoing repairs and maintenance required. No structural survey of the buildings has been undertaken nor have tests or inspections of service installations been arranged. 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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Corporate Headquarters - Halfway House Estate, Midrand
Building Plans Extract from Approved Site Plot Plan (Building Plans)
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Corporate Headquarters - Halfway House Estate, Midrand
Building Plans
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Corporate Headquarters - Halfway House Estate, Midrand
Building Plans
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Corporate Headquarters - Halfway House Estate, Midrand
Building Plans
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Corporate Headquarters - Halfway House Estate, Midrand
Building Plans
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Corporate Headquarters - Halfway House Estate, Midrand
Rates Statement
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Corporate Headquarters - Halfway House Estate, Midrand
Rates Statement
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Corporate Headquarters - Halfway House Estate, Midrand
Zoning Information Relevant Extracts - Zoning Certificate
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Neat Industrial Units - Corporate Park South
Zoning Information Relevant Extracts – Amendment Scheme 304
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Neat Industrial Units - Corporate Park South
Zoning Information Relevant Extracts – Amendment Scheme 304
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Neat Industrial Units - Corporate Park South
Zoning Information Relevant Extracts – Amendment Scheme 304
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Neat Industrial Units - Corporate Park South
Zoning Information Relevant Extracts – Amendment Scheme 304
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Neat Industrial Units - Corporate Park South
Surveyor General Diagram
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Neat Industrial Units - Corporate Park South
Surveyor General Diagram
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Neat Industrial Units - Corporate Park South
Surveyor General Diagram Servitude Diagram
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Neat Industrial Units - Corporate Park South
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