Stormill Warehouse Facility with Offices Roodepoort GLA ± 2,700m2 1318-1320 Spyker Crescent Wednesday, 27 May 2020 @ 12h00 Houghton Golf Club – Osborn Road, Houghton, Johannesburg Mark Momberg | 071 491 9266 | [email protected] Version 1: 1 April 2020 NT Warehouse Facility with Offices – Heriotdale, Johannesburg Index Disclaimer, Auction Information and Terms & Conditions Page 3 Property Images Page 4 Executive Summary & Key Investment Highlights Page 7 General Information Page 8 Locality Information Page 9 Property Description Page 11 Projected Gross Annual Income – Summary Page 14 Projected Gross Annual Income – Detailed Page 15 Lease Summaries Page 16 Rates Statement Page 17 Zoning Information Page 21 General Plan Diagram Page 26 /AucorProperty www.aucorproperty.co.za 2 Warehouse Facility with Offices – Heriotdale, 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 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 Warehouse Facility with Offices – Heriotdale, Johannesburg Property Images Exterior Images /AucorProperty www.aucorproperty.co.za 4 Warehouse Facility with Offices – Heriotdale, Johannesburg Property Images Office Component /AucorProperty www.aucorproperty.co.za 5 Warehouse Facility with Offices – Heriotdale, Johannesburg Property Images Industrial Component /AucorProperty www.aucorproperty.co.za 6 Warehouse Facility with Offices – Heriotdale, Johannesburg Executive Summary & Key Investment Highlights Street Address: 1318-1320 Spyker Crescent - Stormill, Roodepoort GPS Co-Ordinates: -26.2047, 27.9458 Erf 52 - 2,118m² Erf 61 - 2.085m² Registered Land Size: Total land size - 4,203m² 'Industrial 3' - See a copy of the zoning confirmation attached to Zoning: this brochure Assessment Rates: R10,996.54 - Excluding consumption charges and city levies See pages 12-13 for full accommodation details The improvements on the subject property comprise of a big box Accommodation: warehouse with a double storey office/showroom component configured along the street front, supported by temporary structures (sheds, canopies) erected in the yard. Gross Lettable Area 2,700m² (Seller Supplied) Area Description GBA (± m²) Warehouse 2 053.5 Office Component (Ground floor) 390.6 Mezzanine Offices/Showroom (First floor) 390.6 Gross building Area 2 834.7 Temporar Structure (Shed) 64.6 Approx. Total Gross Building Areas: Storeroom 9.6 Total Approximate Built Areas 2 909 Not es: The Gross Building Areas are approximat es based on a combinat ion of on-sit e and aerial phot ograph measurement s t aken along t he out er walls of built st ruct ures. The property is currently occupied in terms of an ongoing lease Occupation: agreement. See pages 14-16 for details. Neat, flex building currently utilized as a manufacturing and warehousing facility, considered ideal for both investors and end- users due to the desirability of the locality. Situated in a strategically advantageous proximity to a major arterial road and the N1 western bypass highway linking the locality Key Investment Highlights: to the neighboring economic hubs and beyond in the Greater Gauteng City region. Currently tenanted n terms of an ongoing lease agreement, providing strong income generating capacity with a projected gross annual income of ±R1,100,378 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 7 Warehouse Facility with Offices – Heriotdale, Johannesburg General Information Street Address 1318-1320 Spyker Crescent - Stormill, Roodepoort GPS Co-Ordinates -26.2047, 27.9458 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T44571/2016 Registered Owner Cumulative Properties (Pty) Ltd VAT Registration Status Registered VAT vendor Title Deed Description Erven 52 and 6, Stormill Extension 2 Registered Land Size Erf 52 - 2,118m² Erf 61 - 2.085m² Total land size - 4,203m² Title Deed Conditions A copy of the title deed is on hand and will be made available to prospective purchasers upon request. ________________________________________________________________________________________________________ Municipality Information Municipality City of Johannesburg Metropolitan Municipality Rates Based on the municipal tax invoice as received for the February 2020 billing period. See a copy of this document attached to this brochure for these and other charges. Municipal 2019 / 2020 2019 / 20 Annual 2019 / 2020 Monthly Erf no. Rates Category Valuation Tarif Rates Rates (Annual ÷12) 52 R 6 520 000 0.0201470 R 131 358.44 R 10 946.54 Business 61 R - 0.0201470 R - R - Property assessment rates payable per month R 10 946.54 ________________________________________________________________________________________________________ Zoning Information Zoning 'Industrial 3' (See a copy of the zoning certificate attached to this brochure) Permitted Uses (per scheme) * "Industrial purposes, commercial purposes, business purposes, builders yard, building material storage." Height Restriction Height Zone 12(12) - 3 Storeys Coverage 70% / 2,942.1m² (Combined) F.A.R 2,1 / 8,826.3m² Building lines 3m along the street boundary; 1.5m along all other boundaries Parking As per scheme* * Johannesburg Land Use Scheme, 2018 - a copy of the scheme is on hand and will be made available upon request. /AucorProperty www.aucorproperty.co.za 8 Warehouse Facility with Offices – Heriotdale, Johannesburg Locality Information Macro Locality The subject property is situated in an established industrial suburb known as Stormill. Stormill is one of a number of Industrial suburbs between Johannesburg and Roodepoort dotted along the major Main Reef Road. Main Reef Road is an important arterial road connecting several economic hubs in Ekurhuleni and the City of Johannesburg, including Germiston, the cluster of industrial suburbs south of the Johannesburg CBD and Industria (to the east of the subject property), while Robertville and Manufacta can be found to the west of the subject property. This allows for the enhanced opportunity for companies located in the area to exploit strategically synergistic and corporate relationships with companies in these hubs. All major and general amenities are available within easy access in and around the node. All major municipal services are available in the area. GPS coordinates for the site are as follows: -26.2123, 28.1196 N Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe /AucorProperty www.aucorproperty.co.za 9 Warehouse Facility with Offices – Heriotdale, Johannesburg Locality Information Micro Locality Putcoton Industria Image Data: Google, AfriGIS Ltd, (Pty) DigitalGlobe /AucorProperty www.aucorproperty.co.za 10 Warehouse Facility with Offices – Heriotdale, Johannesburg Property Description Approximate Boundaries N GIS Johannesburg Image Data: City of /AucorProperty www.aucorproperty.co.za 11 Warehouse Facility with Offices – Heriotdale, Johannesburg Property Description Accommodation The improvements on the subject property comprise of a big box warehouse with a double storey office/showroom component configured along the street front, supported by temporary structures (sheds, canopies) erected in the yard. The ground floor of the office component hosts a reception area, multiple private and shared offices, a boardroom, a kitchen/clean up area and multiple ablutions. The first floor is accessible via a stairwell in the manufacturing component. The first- floor features mostly open spans and is currently utilized as a showroom. The manufacturing component comprises a double volume flex facility offering open spans with generous eaves heights. The space has been configured into four sections by way of brick wall partitioning, which can be removed without affecting he structural integrity of the building. Production offices and stores have been configured onto the floor plate, mostly by way of drywall partitioning. The facility is accessible from the yard by way of 6 large roller shutter doors. ________________________________________________________________________________________________________