Retail Warehouse Building
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WILLMEG INVESTMENTS (PTY) LTD (IN BUSINESS RESCUE) RETAIL WAREHOUSE BUILDING ERF NUMBER 2100 & ERF NUMBER 2119 FERNDALE EXTENSION 11, DISTRICT OF THE CITY OF JOHANNESBURGATHLONE CIRCLE METROPOLITAN MUNICIPALITY, GAUTENG PROVINCE SHF FERNDALE 7 Highview Boulevard, Ferndale Randburg, Johannesburg (Gauteng Province) Unit No. 10, Ferndale Mews North Tel: (011) 789-4375 Cnr Oak Ave & Dover Road Fax: (011) 789-4369 Ferndale, Randburg 2194 Fax: (011) 886-5274 PO. Box 2871, Randburg 2125 [email protected] www.parkvillageauctions.co.za 2 CONTENTS 1. Disclaimer .................................................................................. 2 2. Deposit Payable ......................................................................... 3 3. Agreement of Sale ..................................................................... 3 4. Property Description ................................................................. 5 5. Rental Income .......................................................................... 7 6. Annexures ................................................................................ 8 a. Windeed b. SG Diagram c. Municipal Account DISCLAIMER Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information and neither will be held liable for any loss or damages resulting from any errors or omissions in the information herein provided, whether due to the negligence or otherwise of The Agents or the Sellers or any other person. Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information 3 DEPOSIT PAYABLE R1 000 000.00 (One Million Rand) refundable deposit payable on submission of offer into the Seller’s Trust Account: Account Name: Schoerie and Sewgoolam Attorneys Bank: Absa Bank Account No: 4060251877 Branch Code: 632005 Ref: Purchasers Name Balance of the 10% deposit (less the R1 000 000.00) will be payable on acceptance by the Business Rescue Practitioner and adoption of the Business Rescue Plan. All offers received will be submitted to the Business Rescue Practitioners for consideration. The Business Rescue Practitioners reserve the right to accept or not to accept any offer or combination of offers. AGREEMENT OF SALE Deposit: Balance of 10% deposit of the Purchase Price payable on Acceptance of Offer by the Business Rescue Practitioner (less the R1 000 000.00 paid on submission of the offer) Commission: Buyer’s commission of Four (4%) plus VAT payable on Acceptance of Offer Occupation: Date of Registration of Transfer Risk, Control & Insurance: The sole risk and control and benefit in and to the property shall, unless otherwise agreed in writing and signed by both parties, pass to the Purchaser on the date of registration of transfer into the Purchaser’s name and from that date, the Purchaser shall be liable for all imposts levied on the property, inclusive of and without limiting the generality hereof, all municipal rates and taxes, licences and other official and/or municipal and consumable charges. Transfer Duty / VAT: The Seller is a registered VAT Vendor and VAT at 15% on the purchase price is payable. OFFER DOCUMENTS OFFERS: Offers may be submitted to [email protected] for attention of Mr John Taylor Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information 4 LOCATION The subject property is located at Number 7 Highview Boulevard, Ferndale, Randburg, Gauteng Province at GPS co-ordinates; -26.069239, 27.977113 The subject property is located directly adjacent to the N1 Highway in a small business node extending from the subject property along Highway Boulevard up to Malibongwe Drive. Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information 5 PROPERTY INFORMATION PROPERTY DETAIL: Property Address: Number 7 Highview Boulevard, Ferndale, Randburg, Gauteng Province GPS co-ordinates: -26.069239, 27.977113 City & Province: Ferndale, Randburg, Gauteng Description: Retail Warehouse Building TITLE DEED INFORMATION: Registered Owner: Willmeg Investments (Pty) Ltd Registered Description: Erf Number 2100 Ferndale Extension 29, District of the City of Johannesburg Metropolitan Municipality, Gauteng Province And Erf Number 2119 Ferndale Extension 11, District of the City of Johannesburg Metropolitan Municipality, Gauteng Province These two (2) stands having been Notarially Tied (Title Deed Number T66788/2009 Title Deed Number: T66788/2009 PROPERTY DESCRIPTION: Stand: The stand is roughly rectangular in proportion with the shorter perimeter having street frontage onto Highway Boulevard. The topography of the stand is fairly even with a slight decline from the front of the property bordering Highway Boulevard towards the back of the stand bordering the N1 Highway. Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information 6 The Improvements: The property has been improved with a double volume steel framed commercial retail building of plastered and painted and painted brick walling fitted with aluminium framed glazing and shop front windows under a pitched IBR roofing structure comprising a large retail shop floor / showroom, internal upper level offices, cloakrooms, staff kitchen and storage warehouse with goods receiving and dispatch loading area at the back street perimeter side of the building. Electrical Installation: The electrical supply is via the Msunduzi Local Municipality Parking: Open customer parking bays. Physical Condition: The improvements appear to be in good physical condition with no apparent major structural defects, currently being well maintained Fire Risk Assessment: No recent Fire Risk Assessments Report for the subject building is available. MUNICIPAL INFORMATION: Municipal Valuation: Land & Improvements: R 28 188 000.00 Total: R 28 188 000.00 Rates & Taxes: Account Number: 404296191 Monthly Rates: R 62 929.00 Rating: Business & Commercial Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information 7 TENANT SCHEDULE The subject property is owner occupied. A summary of the rent roll for July 2020 is included below. Full particulars of the below Leases and Lease Agreements are available electronically in the Data Room. Please contact John Taylor (mobile: 082-416-3883) for access and link to Data Room, as well as copies of prospectuses. A full copy of all the leases will be available in the Data Room. A Non-Disclosure Agreement must be signed before access is given. Tenant Area (m²) Rate/m² Esc Monthly Rental SHF 6 180 R 131,96 8,0% R 815 540 Total 6 180 R 131,96 R 815 540 Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information 8 WINDEED PROEPRTY REPORTS WinDeed Property Report Township FERNDALE EXT 11, Erf 2119/0 REGISTERED PROPERTY DETAILS Property Type ERF Diagram Deed T66786/2009 Erf Number 2119 Registered Size 8475.0000SQM Portion Number 0 Municipality CITY OF JOHANNESBURG Township FERNDALE EXT 11 Province GAUTENG Registration Division IQ Coordinates (Lat/Long) -26.069239 / 27.977113 Deeds Office PRETORIA OWNER DETAILS Owner 1 of 1 Person Type COMPANY Title Deed T66788/2009 Name WILLMEG INV PTY LTD Purchase Date 2009/07/17 Registration Number 200501641007 Purchase Price (R) 9,500,000 Share (%) - Registration Date 2009/10/23 MAPS PROPERTY INFORMATION Address HIGHVIEW BOULEVARD, FERNDALE, RANDBURG Primary Use - Estate - General Information Door Number - Roof Type - Floor Size (m2) - Wall Type - Storeys - Construction Year - Whilst all reasonable care has been taken to provide accurate information, neither The Agents nor the Seller/s guarantee the accuracy of the information 9 MUNICIPAL VALUATION Municipal Valuation - Valuation Year - Zoning Usage - SALES Sales shows the details of the most recent transfers, sales pending registration and properties for sale in close proximity to the specified property. Recently Registered Transfers Address / Property Description Size (m2) Sales Price (R) Distance (m) Sold Transferred A FERNDALE EXT 26, 2058, 0 6 764 21,963,158 172 2018/06/22 2019/02/21 B 9 SUIKERBOSSIE ROAD STRIJDOMPARK 824 1,600,000 278 2018/12/21 2019/02/21 C 527 WEST AVENUE FERNDALE 1 025 900,000 159 2017/11/16 2018/01/26 D 9 POPLAR STREET BRYANSTON 1 983 1,600,000 301 2018/09/03 2019/02/15 E 21 BOTTLEBRUSH STREET FERNDALE 1 487 1,750,000 374 2019/06/25 2019/08/30 A FERNDALE EXT 26, 2058, 0 6 764 22,000,000 172 2017/04/24 2017/07/21 F 521 WEST AVENUE FERNDALE 1 038 1,700,000 225 2017/06/22 2017/10/19 G 7 MOSSIE STREET FERNDALE 1 487 1,790,000 399 2019/11/21 2020/01/23 H 4 CHAMFUTI STREET SHARONLEA 1 250 1,770,000 395 2019/05/19 2019/09/20 I FERNDALE EXT 26, 2060, 0 8 515 42,300,000 291 2017/07/25 2017/09/29 J 23 BEESVYGIE STREET SHARONLEA 1 000 1,500,000 461 2019/01/25 2019/04/10 K 501 WEST AVENUE FERNDALE 1 501 1,025,000 469 2019/02/23 2019/05/16 L 523 LONG AVENUE FERNDALE 1 971 1,600,000 345 2017/04/04 2017/08/23 M 43 SPELDEKUSSING STREET FERNDALE 1 487 1,556,977 457 2017/12/04 2018/10/08 N 25 STERKBOS AVENUE SHARONLEA 1 250 650,000 429 2017/10/11 2018/01/12 BONDS AND OTHER DOCUMENTS Document Number Amount (R) Holder B21162/2017