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Corner Adams Road and Canner Road

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Corner Adams Road and Canner Road Evaton Shoprite Centre, Additional Lettable Areas plus Development Land Between Soweto & Vanderbijlpark Gross Building Area ± 915m²; Land 6,938m² Corner Adams Road and Canner Road Wednesday, 8 June 2016 @ 12h00 The Hyatt Hotel, 191 Oxford Road – Rosebank Lael Levy | 073 384 7714 | [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 Shoprite Centre Adams Road - Evaton Index Disclaimer Page 3 Property Images Page 4 Executive Summary & Key Investment Highlights Page 5 General Information Page 6 Locality Information Page 7 Property Description Page 8 Tenancy Information Page 11 Rates Statement Page 12 Surveyor Diagram Page 13 Zoning Information Page 14 Title Deed Page 16 2 Shoprite Centre Adams Road - Evaton 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 Shoprite Centre Adams Road - Evaton Property Images Developable Land 4 Shoprite Centre Adams Road - Evaton Executive Summary & Key Investment Highlights Street Address: Shoprite Centre – Adams Road (corner Canner Road), Evaton GPS Co-Ordinates: S 26°32'04.57"; E 27°50'58.26" Shoprite U-Save with additional lettable areas and development land. This property is developed along Adams Road with yard space and shells of improvements at the rear of Existing Use: the property. Approx. Gross Building Area: ± 915m² Total Land Area: 6,938m² Zoning: Business for the existing buildings - see page 6. U-Save section is let at R 19,101.20 excl VAT per month - 6% escalation and expires 30 Lease Summary: Sep 2018. No further property rental information has been provided. Assessment Rates: R 2,559.25 / month (Feb 2016 statement) Shoprite occupying ± 580m². Key Investment Highlights: Additional lettable areas. Large stand with development potential. The information in this brochure is not intended to substitute for a due diligence exercise, and accordingly should not be relied upon to make a purchase decision. Prospective purchasers should make their own enquiries and investigation to confirm pertinent information, and should further seek appropriate independent professional advice in relation thereto from suitably qualified professionals to complete their own due diligence in relation to the Property. 5 Shoprite Centre Adams Road - Evaton General Information Street Address Shoprite Centre – Adams Road (corner Canner Road), Evaton GPS Co-Ordinates S 26°32'04.57"; E 27°50'58.26" Title Deed Information Title Deed Number T16454/2013 Registered Owner Private person Title Deed Description Portion 5 of Erf 1 Evaton Small Farms Registered Land Size (Windeed) 6,938m² Title Deed Conditions See a copy of the Title Deed attached to this brochure. Municipal Information Municipality Emfuleni Local Municipality Zoning Residential – However. Council indicated in a letter dated 20 January 2015. “… Building plans for the existing business buildings situated on Portion 5 of Lot 1, Evaton Small Farms were approved on 20 June 1986 by the former Evaton Town Council, in terms of the above paragraph you therefore do have business rights on the property in as far as the existing buildings are concerned…” See the zoning certificate and letter attached to this brochure. Property Assessment Rates (excluding consumptions and associated levies) See a copy of the Feb 2016 rates statement attached to this brochure. Item R / month VAT Assessment Rates R 2 559.25 No VAT Refuse Removal R 111.29 excl VAT Total R 2 670.54 6 Shoprite Centre Adams Road - Evaton Locality Information The subject site is situated on a primary route (Adams Road) in a suburb of Evaton township known as Evaton Small Farms. Evaton is located between the Townships of Orange Farm (to the north) and Sebokeng (to the south). Evaton is located next to the Golden Highway (R553) which links the Evaton and nearby townships to Soweto and onwards to Johannesburg (roughly 45km north). In addition, the N1 Toll Road is also nearby. The immediate area surrounding the subject properties is characterised by township dwellings with several schools located in the general area. According to 2011 Census data, the population density is ± 4,600 / km² and over 150,000 people (47,000 households) in Evaton Proper and Evaton Small Farm combined. GPS co-ordinates for the site are as follows: S 26°32'04.57"; E 27°50'58.26" Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe 7 Shoprite Centre Adams Road - Evaton Property Approximate Description Boundaries , DigitalGlobe General, Department of Rural Development and Land Reform and Development of Rural Department General, - Chief Surveyor Chief Source: Source: Cadastral Cadastral Image Data: Google, AfriGIS (Pty) Ltd (Pty) AfriGIS Google, Image Data: 8 Shoprite Centre Adams Road - Evaton Property Description Accommodation See layout plan overleaf. This property is developed along Adams Road with the shells of improvements at the rear of the property and yard space. The main building is divided into four sections, namely a Shoprite U-Save, a shop / warehouse section (former restaurant), and storage area (without roofing) and a car mechanics workshop. Roofed areas offer double volume height. The U-Save occupied portion is fitted to tenant’s requirements and hosts a shop floor, a storage area, external receiving / storage cages and a generator room (the generator belongs to Shoprite). The warehouse / store section is divided into two parts and has no fixtures and finishes. The mechanics workshop has basic fixtures and fittings. The yard area is partly paved and relatively level with access from Canner Road. There are various building shells, a guard room and a section utilised as a scrap yard with stores. Construction The main building is constructed of painted plaster and face brick under metal roofing. Electricity The property connection point is 3 phase with 80A circuit breakers installed. Note: There are make-shift electricity connections made on the property. The Seller will not provide an Electrical Certificate of Compliance (CoC). Should a CoC be required by the Purchaser for any purpose, obtaining such will be for the Purchasers own cost and effort. Condition The property requires maintenance and repairs. We have not undertaken a structural survey of the buildings nor have we arranged for tests of inspections of the service installations. 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. Approx. Building Areas Component GBA (± m²) U-Save (as supplied) 580 Shop / Warehouse 185 Mechanic workshop 110 Guard House 40 Total 915 Notes: 1. Yard improvements excluded. 2. GBA are approximated and based on a combination of on-site and aerial photograph measurements taken. 9 Shoprite Centre Adams Road - Evaton Property Approximate Description Layout Registered Total Land Size - 6,938m² Component GBA (± m²) U-Save (as supplied) 580 Shop / Warehouse 185 Mechanic workshop 110 Guard House 40 Total 915 Notes: 1. Yard improvements excluded. 2. GBA are approximated and based on a combination of on-site and aerial photograph measurements taken. 10 Shoprite Centre Adams Road - Evaton Tenancy Information This lease summary should not be relied upon in isolation and should be read in conjunction with the executed lease documents, copies of which are available to bona fide prospective purchasers upon request. Shoprite Checkers is leasing the U-Save section on the following basis (based on an accepted renewal letter): Renewal Commencement Date 1 October 2013 Expiry Date 30 September 2018 Escalation Rate 6% per annum Option Period 1 x 3 years Rental Basic Monthly From To Area (±m²) R / m² Rental (excl VAT) 01-Oct-15 30-Sep-16 R 19 101.20 R 32.93 01-Oct-16 30-Sep-17 580 R 20 247.27 R 34.91 01-Oct-17 30-Sep-18 R 21 462.11 R 37.00 Recoveries Metered electricity, water, sewerage, pro-rata share of refuse and pro-rata share of increases in rates and taxes after commencement date of the lease. We have not been provided with any additional property rental information for the property. The information in this brochure is not intended to substitute for a due diligence exercise, and accordingly should not be relied upon to make a purchase decision. Prospective purchasers should make their own enquiries and investigation to confirm pertinent information, and should further seek appropriate independent professional advice in relation thereto from suitably qualified professionals to complete their own due diligence in relation to the Property. 11 Shoprite Centre Adams Road - Evaton Rates Statement 12 Shoprite Centre Adams Road - Evaton Surveyor Diagram 13 Shoprite Centre Adams Road - Evaton Zoning Information 14 Shoprite Centre Adams Road - Evaton Zoning Business Rights Information Letter 15 Shoprite Centre Adams Road - Evaton Title Deed 16 Shoprite Centre Adams Road - Evaton Title Deed 17 Shoprite Centre Adams Road - Evaton Title Deed 18 Shoprite Centre Adams Road - Evaton Title Deed 19 .
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