Sandton CBD
Morningside Residential Development Opportunity – 8 Units Sandton Land Extent – 2,040m2
122 Kelvin Drive
Tuesday, 17 March 2020 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg Mark Momberg | 071 491 9266 | [email protected]
Version 2: 27 February 2020 MM
Residential Development Opportunity – Morningside, Sandton
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
Rates Statement Page 11
Zoning Information Page 13
General Plan Diagram Page 15
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Residential Development Opportunity – Morningside, Sandton
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 2 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.
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Residential Development Opportunity – Morningside, Sandton
Property Images
drawn are purposes Boundaryillustrative and lines tonot for are scale
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Residential Development Opportunity – Morningside, Sandton
Executive Summary & Key Investment Highlights
Street Address: 122 Kelvin Drive, Morningside GPS Co-Ordinates: -26.1349, 28.0485
Registered Land Size: 2 040m² Zoning: Residential 3 – (see the zoning certificate attached to this brochure) Assessment Rates: R1,598.23
Improvements on the property include a single storey dwelling that has been partly Improvement demolished.
The subject property features a slight slope from the North to the South direction, Topography: the property is partly covered in various grasses, shrubs and trees.
Development opportunity within a sought after suburb of Northern Johannesburg, within a cluster of high LSM suburbs forming part of greater Sandton region. Development rights approved for 8 units; with an available bulk of 1 224m² Key Investment Highlights: The product offering would suit a semi-detached cluster development, with an average unit size of ±150m² Conveninetly close to the 90 Degree Centre, The Wedge Shopping Centre; Redhill School; Morningside Country Club and Morning Glen Mall
The Seller will not provide a Certificate of Compliance (COC) in respect of the electrical fittings on the subject property. Obtaining the COC will thus be for the successful bidder's account.
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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Residential Development Opportunity – Morningside, Sandton
General Information
Street Address 122 Kelvin Drive, Morningside GPS Co-Ordinates -26.0707, 28.0670
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Title Deed Information
Title Deed Number T108177/2003 Registered Owner Gid Way SA CC Title Deed Description Erf 412 Morningside Ext 53 Registered Land Size 2,040m² Title Deed Conditions A copy of the title deed is on hand and will be made available upon request thereof.
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Municipality Information
Municipality City of Johannesburg Metropolitan Municipality Rates Excluding consumption charges and city levies - based on the Tax Invoice for the February 2020 billing period as issued by Council (see a copy of the tax invoice attached to this brochure for these and other charges)
Municipal 2019 / 2020 2019 / 2020 Annual 2019 / 2020 Monthly Rates Category Exclusion Rebate Valuation Tariff Rates Rates (Annual ÷12) R 2 825 000 Residential N/A R 350 000,00 0,0077490 R 19 178,78 R 1 598,23
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Zoning Information
Zoning Residential 3 (see zoning certificate attached to this brochure) Amendment Scheme No. 02-2748 Primary Rights (per scheme)* Dwelling units, residential buildings Coverage 50% / 1,020m2 Density 40 Dwelling Units per Hectare / equates to 8 units Floor Area Ratio 0.6 / 1,224m2 of available bulk Height Restriction Two storeys Building Lines As per Scheme* * City of Johannesburg Land Use Scheme, 2018 - a copy of the town planning scheme is on hand and will be made available upon request.
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Residential Development Opportunity – Morningside, Sandton
Locality Information Macro Locality The subject property is situated in the well-known and sought-after suburb known as Morningside, Sandton. The area is well serviced by various primary and secondary routes such as Rivonia Road, Bowling Road, as well as Bryanston Drive, which links Morningside to the greater Sandton & Johannesburg area. The neighbourhood is characterised by both cluster complexes and expansive family homes. The nearby 90 Degree Centre, Morningside Shopping Centre & The Wedge Shopping Centre offer an array of amenities, restaurants, gym and boutique retail offerings. All major services are available in the area. GPS co-ordinates for the site are as follows: -26.0707, 28.0670
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
Gallor Manor
Morningside
Morningside Manor
Image Data: Google, AfriGIS (Pty) Ltd, Digital Globe
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Residential Development Opportunity – Morningside, Sandton
Locality LocalityInformation Information
Micro Locality
Morningside
DigitalGlobe ImageData: Google, AfriGIS Ltd, (Pty)
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Residential Development Opportunity – Morningside, Sandton
Locality PropertyInformation Description
Approximate Boundaries
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Residential Development Opportunity – Morningside, Sandton
Property Description
Topography The subject property features a slight slope from the North to the South direction, the property is partly covered in various grasses, shrubs and trees.
Erf 412
Image Data: City of Johannesburg GIS
Topography Map: 2m Contour Line ______
Improvements Erf 412 currently features a single storey dwelling that has been partly demolished. ______
Services The subject property is connected to all major services, however bulk services upgrades and relevant contributions are required by the relevant service departments before finalising the Residential 3 zoning. Service installations have not been inspected / tested. ______
Perimeter The property is fully enclosed by way of both brick and precast concrete walls. ______
Occupation The property will be sold with vacant occupation upon registration of transfer. ______
Condition The improvements on the site require repairs and maintenance. We have not undertaken a structural survey of the building nor have we arranged for tests or inspections of the service installations.
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Residential Development Opportunity – Morningside, Sandton
Rates Statement
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Residential Development Opportunity – Morningside, Sandton
Rates Statement
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Residential Development Opportunity – Morningside, Sandton
Zoning Information
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Residential Development Opportunity – Morningside, Sandton
Zoning Information
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Residential Development Opportunity – Morningside, Sandton
General Plan Diagram Extract from General Diagram No. A1890/70
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Residential Development Opportunity – Morningside, Sandton
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