PROPERTY AUCTION TULISA PARK – FACTORY 48 Tennyson Drive l TULISA PARK Erf 265 Tulisa Park Auction Date & Time: Tuesday 7 February 2017 – 10H30 Venue: 48 Tennyson Drive, Tulisa Park LIVE ON-SITE AUCTION Auctioneers: Shannon Winterstein & Mathew Henderson WH Auctioneers Properties (PTY) Ltd 578 16th Road, Randjespark, Midrand Contact for further info: Tel: 0115745700 Joshua Pelkowitz www.whauctions.com Cell: 072 536 5482 • Email: [email protected] FACTORY Tulisa Park Index 1. Guidelines for the Auction Page 3 2. General Page 4 3. Title Deed Information Page 4 4. Locality Page 4 5. Description of Improvements Page 6 6. Site Photographs Page 7 7. Zoning Information Page 8 8. Municipal Accounts Page 9 9. Title Deed (Front Page) Page 15 The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 2 FACTORY Tulisa Park 1. GUIDELINES FOR THE AUCTION Auction date & venue: Tuesday 07 February 2017, at 10H30 on site at 48 Tennyson Drive, Tulisa Park. Registration: Bidders can register any time prior to the auction or on auction day at the property. Identity document and FICA documents required. All potential buyers are required to pay a registration fee of R20 000 in order to bid at the auction. This fee can be paid either by bank guaranteed cheque or EFT payment into the Auctioneers’ Trust Account. Cash will NOT be accepted at the auction venue. Banking information will be provided when requesting registration forms. Once registered each buyer will be issued with a buyer’s card reflecting a buyer’s number. Upon signature of the registration documents, all buyers will have acknowledged and accepted the Terms and Conditions set out in the Rules of Auction. Registration Fee: R20 000.00 (Refundable to unsuccessful bidders) Deposit: 21.4% of Hammer Price. Confirmation period: 7 Business days. Guarantees: Balance of the purchase price payable within 21 business days after confirmation of sale. The bid price excludes the buyer’s premium which is payable over and above the hammer price. Example: Bid Price: R 100 000.00 Buyer’s Premium: 10% on bid price equating to R 10 000.00 plus VAT on the Buyer’s Premium VAT on Buyer’s Premium: R 1,400.00 Total Purchase Price R 111 400.00 The auctioneers have the right to regulate the bidding and to bid on behalf of the seller at the auction up to (but NOT exceeding) the reserve price as mandated by the seller. When the auctioneer knocks down the property to the highest bidder the successful bidder will sign the Conditions of Sale on the day. A deposit of 21.4% is payable on the fall of the hammer. This is made up of the Buyer’s commission 10% plus VAT = 11.4% and 10% deposit on the property price The deposit is payable by way of a Bank Guaranteed cheque or electronic fund transfer. The deposit and buyer’s premium are deposited into the WH Auctioneers’ Trust account. For queries contact: Joshua Pelkowitz: 072 536 5482 The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 3 FACTORY Tulisa Park 2. GENERAL Property Address: 48 Tennyson Drive, Tulisa Park, Johannesburg Erf & Suburb & City: Erf 265 Tulisa Park, Johannesburg, Gauteng 3. TITLE DEED INFORMATION Deeds Office: Johannesburg Title Deed No.: T9214/1963 Erf Size: 1 457m2 Zoning: Business 1 GLA: Warehouse/Workshop – Approx. 986m2 Offices – Approx. 80m2 4. LOCALITY Tulisa Park is a suburb of Johannesburg, South Africa. The area is predominantly categorised by manufacturing facilities for heavy mining equipment as well as manufacturing, warehousing and distribution industries. Tulisa Park is well located as it is in close proximity to the N12, N3, N17, N1 and R59 highways. The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 4 FACTORY Tulisa Park The GPS co-ordinates for the property are as follows: S - 26°14'55.9" E - 28°06'02.6" 5. DESCRIPTION OF IMPROVEMENTS The property is currently vacant and was previously utilised by the owners for engineering and manufacturing purposes. Factory/Warehouse The warehouse footprint is rectangular and measures approximately 986m2. The building is constructed using brickwork as well as steel framework on concrete foundation work. The walls are constructed mainly of brickwork, zinc sheets and steel window frames with glazing. The floor to crane height is approximately 7.5m. There are 2 prefab offices/storage areas within the warehouse. There are staff ablutions and a kitchenette within the warehouse. The floors are concrete screed and are of sufficient thickness. Yard and driveway surfaces are a combination of screed and tar. There is gantry construction within the factory section with 2 functional cranes – The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 5 FACTORY Tulisa Park 1X10 ton Demag Crane and 1 X 10 HJH crane. The cranes are in working order. There is one main access points into the warehouse with a large roller shutter door (automatic) which has direct access from the road allowing trucks direct access into the factory. There are various workshops, as well as store rooms and an inspection office within the factory section. Offices There is a single-storey face brick office building which is rectangular in shape. The office measures approximately 80m2 and includes a main reception area, offices, ablutions and storage. The internal walls are plastered and painted and the floors are tiled. Parking and Power Supply There are 3 carport parking bays as well as ample open parking on site. There are 400 Amps of power supplied to the site. Rates and Taxes The subject property as well as the neighbouring property – Erf 264 are owned by the same owners and the rates and taxes accounts are combined for both properties – see below Account no: 500183070. Summary Roof: Corrugated sheeting and ceiling boards. External Walls: Face brick/Steel window frames/ Zinc sheeting Internal Walls: Face brick, plastered and painted. External Floors: Tiles/Concrete screed/Paved walkways Internal floors: Tiled/Concrete screed. Condition: The building appears to be in average condition with maintenance required. The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 6 FACTORY Tulisa Park 6. SITE PHOTOGRAPHS The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 7 FACTORY Tulisa Park 7. ZONING INFORMATION The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 8 FACTORY Tulisa Park 8. MUNICIPAL ACCOUNTS The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 9 FACTORY Tulisa Park The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 10 FACTORY Tulisa Park The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 11 FACTORY Tulisa Park The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 12 FACTORY Tulisa Park The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.