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375 Louis Botha Avenue Hawkins Estate Commercial Site with “Business 1” Zoning Johannesburg Erf Size – 4,172m² 375 Louis Botha Avenue Thursday, 11 June 2020 @ 12h00 Lael Levy | 073 384 7714 | [email protected] Draft Version 4: 11 May 2020 NvV Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg Index Disclaimer, Auction Information and Terms & Conditions Page 3 Property Images Page 4 Executive Summary & Key Investment Highlights Page 5 General Information Page 6 Locality Information Page 7 Property Description Page 9 Zoning Information Page 11 General Plan Diagram Page 15 Surveyor General Diagram Page 16 /AucorProperty www.aucorproperty.co.za 2 Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg 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 Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg Property Images Sandton /AucorProperty www.aucorproperty.co.za 4 Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg Executive Summary & Key Investment Highlights Street Address: 375 Louis Botha Avenue - Hawkins Estate, Johannesburg GPS Coordinates: -26.1477, 28.0862 Registered Land Size: 4,172m² 'Business 1' * - A copy of the zoning certificate has been requested from Zoning: Council and will be made available upon our receipt thereof. Assessment Rates: To be verified See from page 10 for full accommodation details The improvements on the subject property comprise of a renowned former local roadhouse known as 'The Doll House', one of Johannesburg's oldest roadhouses. It comprises a unique and quaint Accommodation: partially double storey building with a predominantly rectangular footprint. Note that due to the national circumstances, the site could not be accessed to verify internal configurations, layout, design and/or the current fixtures and fittings. Gross Building Area ±560m² (Seller Supplied) The property will be sold with vacant occupation upon registration of Occupation: transfer. Landmark site formerly known as "Doll House", located along a desginated Corridors of Freedom (COF) route, being Louis Both Avenue. Excellent exposure to large volumes of vehicular and pedestrian traffic along Louis Botha Avenue, a major arterial passing through the node. The COF is an initiative of the City of Johannesburg aimed at integrating the major economic hubs of the City through the Key Investment Highlights: development of key transport infrastructure, chiefly being the Bus Rapid Transit system already operating in other parts of the City. The ongoing development of the Rea Vaya Bus Rapid Transit infrastructure along Louis Botha has spurred investment into the node. "Business 1" zoning with a maximum density of 300 dwelling units per ha. Massive conversion and/or redevelopment potential due to the zoning in a prime location along a COF, which will result in massive infrastructure upgradings and/or development in the area. Note: An application for rezoning from "Business 3" to "Business 1" was submitted and approved by Council on 11 June 2019 and was subsequently finalized and proclaimed on 18 March 2020 (see copies of the approval letter and proclamation notice attached to this brochure). A copy of the zoning certificate portraying the amended zoning has been requested and will be made available upon our receipt thereof. 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 5 Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg General Information Street Address 375 Louis Botha Avenue - Hawkins Estate, Johannesburg GPS Coordinates -26.1477, 28.0862 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T46016/2017 Registered Owner Rachum Holdings (Pty) Ltd Title Deed Description Erf 23, Hawkins Estate Extension 1 Registered Land Size 4,172m² Title Deed Conditions A copy of the title deed is on hand and will be made available upon request. Servitudes The erf is subject to a servitude 2m wide in favour of the local authority, for sewerage and other municipal purposes, along any two boundaries other than a street boundary. For all other registered servitudes, see the relevant Surveyor General diagrams attached to this brochure ___________________________________________________________________________________________________________________________ Municipality Information Municipality City of Johannesburg Metropolitan Municipality Rates To be verified ________________________________________________________________________________________________________ Zoning Information Note: An application for rezoning from "Business 3" to "Business 1" was submitted and approved by Council on 11 June 2019 and was subsequently finalized and proclaimed on 18 March 2020 (see copies of the approval letter and proclamation notice attached to this brochure). A copy of the zoning certificate portraying the amended zoning has been requested and will be made available upon our receipt thereof. Zoning (per approval letter & proclamation) 'Business 1' - A copy of the zoning certificate has been requested Permitted Uses (per scheme) * “Business purposes, shops, residential buildings, places of instruction, social halls, restaurant, car sales lot, motor showrooms, showrooms, offices, public or private parking area, Institutions, religious purposes, dwelling units, warehouse" Annexure/Amendment Scheme. 01-17886 Height Height Zone A - Six (6) storeys Floor Area Ratio 2.0 / 8,344m², provided that the floor area for shops shall not exceed 2,500m² Coverage 70% / 2,920.4m² and 100% / 4,172m² for basements Density A maximum of 300 dwelling units per ha. Building Lines As per scheme Parking Requirements 0.33 bays per dwelling unit, 1 bay per 100m² for business purposes * City of Johannesburg Land Use Scheme, 2018 - a copy is on hand and will be made available upon request thereof /AucorProperty www.aucorproperty.co.za 6 Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg Locality Information Macro Locality The subject property is located in a population dense node of an established suburb of Johannesburg, known as Hawkins Estate. The property is situated along the major Louis Botha avenue and is thus exposed to significant volumes of vehicular and pedestrian traffic. The suburb forms a part of a cluster of suburbs located on either side of Louis Botha Avenue, which is one of the designated Corridors of Freedom (COF). The COF is an initiative of the City of Johannesburg aimed at integrating the major economic hubs of the City through the development of key transport infrastructure, which will connect residents residing in suburbs located along these transit routes to economic opportunities across the City. The ongoing development of the Rea Vaya Bus Rapid Transit infrastructure along Louis Botha has spurred investment into the node, which has thus far spawned several high- density residential developments, with more still under construction. These developments are driven by the high demand for rental accommodation in the already population dense locality. GPS coordinates for the sites are as follows: -26.1477, 28.0862 Lyndhurst Highlands North Houghton Estate Sydenham Orange Grove Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 7 Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg Locality LocalityInformation Information Micro Locality Percelia Estate Percelia Atholl St Waverley Highlands North Highlands DigitalGlobe Ltd, (Pty) AfriGIS Google, Data: Image /AucorProperty www.aucorproperty.co.za 8 Retail Facility with "Business 1" Zoning – Hawkins Estate, Johannesburg Locality PropertyInformation Description Approximate Boundaries N Way and Electrical Mini Sub Mini Sub Electrical and Way - of - S.G. Diagrams No. 3980/2016 and and No. 3980/2016 Diagrams S.G. see see - Servitudes for Right for Servitudes Erf 23 over brochure. this to attached respectively, 4392/2017 City of Joburg
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