Benrose Industrial / Warehouse Property with Offices Johannesburg GBA ± 3,600m² / Land Size ± 6,297m²
71 Barney Road
Tuesday, 8 November 2016 @ 12h00 The Hyatt Hotel, 191 Oxford Road – Rosebank
John Hislop | 083 265 6867 | [email protected] Paulo Vinhas | 076 151 3390 | [email protected]
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
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Index
Disclaimer Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 7
General Information Page 8
Locality Information Page 9
Property Description Page 12
Land Lease Page 15
Rates Statement Page 16
Zoning Information Page 18
Surveyor Diagrams Page 23
Tittle Deed Page 25
2
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Disclaimer & Auction Information
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 other wise 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 14% VAT thereon of the bid price Confirmation period 2 Days Rules of auction and conditions of sale are available at www.aucorproperty.co.za/
3
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Property Images
4
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Property Exterior Images View
5
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Property Interior Images View
Basement Entrance
Kitchenette
Offices partitioned with facebrick Offices partitioned with dry walling
6
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Executive Summary & Key Investment Highlights
Street Address: 71 Barney Road – Benrose, Johannesburg GPS Co-Ordinates: S 26°12'37.99"; E 28° 5'7.02"
The property comprises a single industrial building hosting factory / warehousing space with Accommodation: associated offices / staff areas and a large concrete yard. Gross Building Area: ± 3,600m² (excluding awnings and canopy extensions) Parking: 12 parking bays plus street parking.
Zoning: Industrial 1 Total Land Size 6,297m² Assessment Rates: R13.036 / Month (excluding consumption costs and city levies) Land Lease: R 7,770.17 / month for ± 880m² - See Page 15
Tenancy: The property is sold vacant.
Situated in an established industrial suburb just south-east of Johannesburg's CBD. Key Investment Highlights: Easy access to the M2 Highway. Vacant occupation.
7
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
General Information
Street Address 71 Barney Road – Benrose, Johannesburg GPS Co-Ordinates S 26°12'37.99"; E 28°05'07.02"
Title Deed Information
Title Deed Number T11158/2014 Registered Owner Ipsosec Pty Ltd Title Deed Description Erven 219 and 220 Benrose Ext 7 City Of Johannesburg Notarially Tied Yes Registered Land Size Erf 219 – 2,864m²; Erf 3,433m² Total – 6,297m² Title Deed Conditions Please see a copy of the title deed attached to this brochure
Municipal & Rates Information
Municipality City of Johannesburg Metropolitan Municipality Assessment Rates & Land Lease Excluding consumption costs and city levies. – see rates statement attached to this brochure for additional information. Municipal 2016 / 2017 Category 2016 / 17 2016 / 17 Monthly Rates Category Valuation Tariff Annual Rates Rates (Annual ÷ 12) R 8 700 000.00 Business 0.0179820 R 156 443.40 R 13 036.95 Monthly Land Lease (excl VAT) - See Page 15 for additional information. R 7 770.17 Total R 20 807.12
Zoning Information
Municipality City of Johannesburg Metropolitan Municipality
Zoning Industrial 1 – see a copy of the zoning confirmation attached to this brochure. Primary Rights (per scheme) Industries, Offices, Commercial Purposes, Showrooms, Motor Dealers, Panel Beaters, Builder’s Yards, Service Industries, Fitment Centres, Motor Workshops, Light Industries and Auctioneers. Floor Area Ratio 1.4 – 8,815.8m² Coverage 85% - 8,352.45m² Height Restriction Height of walls shall not exceed 14.17m Building Line 3m along the street boundary. Parking Requirements As per scheme.
8
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Locality Macro Information Locality
The site is situated neart to the M2 highway at 71 Barney Road in an established industrial suburb of Johannesburg known as Benrose. Buildings’ in Benrose comprise a mixture of medium to large sized industrial buildings. Access to the subject property from the M2 Highway are via the Ruven Road and New Goch Road off-ramps. The subject property is located roughly 3 km east of the Johanesburg city centre with the M2 highway being the main CBD route linking Johannesburg to the greater Gauteng Highway network. Main Reef Road is the main arterial which leads into the suburb of Maboneng and Jeppestown which is just east of the CBD. GPS co-ordinates for the site are as follows: S 26°12'37.99"; E 28°05'07.02"
Joburg CBD
9
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Locality Micro Information Locality
10
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Locality Relative to Information Joburg CBD
CBD Joburg
11
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Property Approximate Boundaries & Description Localities
. The . The
land land
±880m²
servitude reckers reckers
sewer meter 2
W lease
until October 2018 until October (plus option)year 5 renewal
station
-
Municipal Municipal Sub
Erf 220 Erf
information. lease for 15 page See thereof. termination until
Ltd Services (Pty) Scaffolding by the Seller
219 Erf
from Wreckers from Wreckers from registration of transfer transfer of registration from
leased is is
urg GIS urg
portion portion of property the
City of Job of City
Lease
Image Data: ImageData:
Land The shaded green lease the with continue to undertake will Purchaser
12
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Property Description
Accommodation See layout plan overleaf.
The property comprises a single industrial building hosting factory / warehousing space with associated offices / staff areas and a large concrete yard. There are multiple roller shutter doors providing access to the building from the yard. The property further hosts a workshop on its north western boundary.
The factory / warehousing space is split into three sections with each section having access from the property’s access siding. The largest section features a large factory space and storerooms. The two smaller sections comprise factory / warehousing areas. Eave heights range between ± 3.1m and ± 5.1m. All warehouse / factory sections feature various 3-phase connection points.
The offices are mostly dry-wall partitioned. These further host male and female WC’s, and a kitchenette.
Construction The factory / warehouse building is constructed using a combination of face brick and IBR cladding under saw-tooth roofing with glass sky-lights / inserts. The office component is constructed using a combination of face brick and painted concrete.
The warehouse spaces have floated smooth concrete flooring, and exposed roofing fitted with fire suppression sprinklers and insulation. The office sections have tiled and carpet flooring and a combination of rhino board and suspended boarded ceilings installed.
Eave Heights ± 5.1m in main factory warehouse and ± 3.1m in smaller factory warehouse sections.
Power Supply Power supply is 3 phase – the main circuit breaker indicates 160A.
Fire Protection The building is fitted with a fire suppression sprinkler system as well as various fire extinguisher units installed throughout the property (next service in 2017).
Yard & Perimeter The yard areas consist of paved concrete while the perimeter is enclosed by a combination of palisade fencing, precast walling and diamond mesh fencing. Additionally, there is electric perimeter fencing and barbed wire installed.
Parking There is a covered carport along the eastern land let portion of the property with space for 12 vehicles. On street unmarked parking is available.
Condition The factory / warehouse areas as well as the office component are considered to be in average condition for their use. We have not undertaken a structural survey of the buildings nor have we arranged for tests of inspections of the service installations, but these appear to be sound and in working order. There has been no environmental survey / audit to establish the existence or extent of any environmental contamination. 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.
Tenancy Vacant occupation will be given on registration of transfer.
13
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Property Layout sketch Description Not to scale
14
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Land Lease
The Seller currently leases a ± 880m² as indicated on Page 12. This rights and obligations of this lease will be ceded and assigned to the Purchaser of the subject property. The following lease summary should not be relied upon in isolation and should be read in conjunction with the executed lease document, a copy of which is available to bona fide prospective purchasers upon request.
Landlord Wreckers Scaffolding Services (Pty) Ltd Start Date 1 November 2013 Expiry Date 31 October 2018 Renewal Option 5 years Escalation Rate 9% Monthly Rental Exclusive of VAT From To Monthly Rental Annual Rental 01-Nov-16 31-Oct-17 R 7 770.17 R 93 242.04 01-Nov-17 31-Oct-18 R 8 469.49 R 101 633.82 Maintenance Tenants (Purchaser's) responsibility. Recoveries None noted.
15
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Rates Statement
16
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Rates Statement
17
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Zoning Information
18
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Zoning Information
19
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Zoning Information
20
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Zoning Information
21
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Zoning Information
22
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Surveyor Diagrams
23
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Surveyor Diagrams
24
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Title Deed
25
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Title Deed
26
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Title Deed
27
Industrial Property – Vacant Occupation 71 Barney Road – Benrose
Title Deed
28