Melville Pristine Building with Strong Development Potential Johannesburg Prime location; Erf size – 743m2 71 4th Avenue Tuesday, 14 July 2020 @ 12h00 Online Webcast Auction William Amerseder | 083 272 4556 | [email protected] Version 2: 3 July 2020 NT Pristine Building with Strong Development Potential - Melville, Johannesburg Index Disclaimer, Auction Information and Terms & Conditions Page 3 Property Images Page 4 Executive Summary & Key Investment Highlights Page 6 General Information Page 7 Locality Information Page 8 Property Description Page 10 Approved Building Plans Page 13 Rates Statement Page 15 Zoning Information Page 18 General Plan Diagram Page 23 www.aucorproperty.co.za 2 Pristine Building with Strong Development Potential - Melville, 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. www.aucorproperty.co.za 3 Pristine Building with Strong Development Potential - Melville, Johannesburg Property Images Boundary lines are not to scale and are drawn for illustrative purposes only. www.aucorproperty.co.za 4 Pristine Building with Strong Development Potential - Melville, Johannesburg Property Images Interior & Exterior Images www.aucorproperty.co.za 5 Pristine Building with Strong Development Potential - Melville, Johannesburg Executive Summary & Key Investment Highlights Street Address: 71 4th Avenue - Melville, Johannesburg GPS Co-ordinates: -26.1751, 28.0067 Registered Land Size: 743m² "Residential 1" - A copy of the zoning certificate has been Zoning: requested and will be provided upon our receipt thereof. Assessment Rates: R1,128.13 (excluding consumpt ion charges and cit y levies) See pages 11-12 for full accommodat ion det ails The improvements on the subject property consist of a single Accommodation: storey office conversion with an L-shaped footprint and a self- contained cottage constructed along the northern boundary of the property. Area Description GBA (± m²) Primary Office Building 227 Entertainment area (including enclosed Patio) 79 Self-contained Cottage 26.8 Total Approximate Gross Building Area 333 Basement/Lower ground floor component (storage Gross Building Areas: 42 rooms - not included in GBA) Not es. The Gross Building Areas are approximat es based on aerial phot ograph measurement s t aken along t he out er walls of t he buildings and includes penet rat ions such as st aircases and passageways. Occupation: The property is multi-tenanted. See page 12 for details. Highly visible corner stand with exposure to high volumes of vehicular and pedestrian traffic along the busy 4th Avenue in Melville, which hosts the popular 27 Boxes development (situated across the street from the site). Pristinely maintained primary building with additional improvements, ideal for an owner occupier, as well as suitable investors capable of taking advantage of the significant Key Investment Highlights: redevelopment appeal and potential of the property. Advantageous location offering simple access to the major economic nodes/hubs in northern Johannesburg and neighbouring the equally vibrant Auckland Park which is home to a number of major corporations and tertiary institutions, including the SABCA, Media24, two University of Johannesburg campuses and MANCOSA By bidding on t his propert y, t he purchaser acknowledges t hat he has acquaint ed himself wit h t he ext ent and t he nat ure of t he propert y he is buying, and t hat he accept s t he propert y as such. www.aucorproperty.co.za 6 Pristine Building with Strong Development Potential - Melville, Johannesburg General Information Street Address 71 4th Avenue - Melville, Johannesburg GPS Coordinates -26.1751, 28.0067 ________________________________________________________________________________________________________ Title Deed Information Title Deed Number T15074/2004 Registered Owner Private Person Title Deed Description Erf 433, Melville Registered Erf Size 743m² Title Deed Conditions A copy of the title deed is on hand and will be made available upon request thereof. ________________________________________________________________________________________________________ Municipality Information Municipality City of Johannesburg Metropolitan Municipality Assessment Rates Excluding consumption charges and city levies. Based on the Tax Invoice as issued by Council for the June 2020 billing period - see a copy of the Invoice attached to this brochure for these and other charges. 2019 / 2020 Municipal Rates 2019 / 2020 2019 / 2020 Exclusion Rebate Monthly Rates Valuation Category Tariff Annual Rates (Annual ÷12) R 2 097 000 Residential R 350 000.00 N/A 0.0077490 R 13 537.50 R 1 128.13 ________________________________________________________________________________________________________ Zoning Information Zoning "Residential 1" - A copy of the zoning certificate has been requested and will be provided upon our receipt thereof. Permitted Uses (per scheme)* “Dwelling units" Amendment Scheme No. Not applicable Height Height Zone A: 3 Storeys Floor Area Ratio 1,2 / 891.6m² Coverage Variable between 50% & 40% depending on height Density 1 Dwelling per 300m² Building Lines 1m from street boundary Parking Requirements As per scheme * City of Johannesburg Land Use Scheme, 2018- a copy is on hand and will be made available upon request thereof. www.aucorproperty.co.za 7 Pristine Building with Strong Development Potential - Melville, Johannesburg Locality Information Micro Locality The subject property is situated in the bustling suburb of Melville, an established, cosmopolitan suburb in the north- western parts of Johannesburg. Melville is a popular tourist hotspot due to its renowned street lined cafes, restaurants and shops. The suburb is a mixed-use area with Main Road and 7th Street offering the bulk of the commercial and retail properties, whilst the remainder of the area features predominantly lower density residential developments, tailored for a variety of users and featuring diverse typologies, including communes, townhouses/apartment blocks and free standing residential dwellings. Neighbouring Auckland Park, which is home to a number of major corporations and tertiary institutions, including the SABCA, Media24, two University of Johannesburg campuses and MANCOSA is a major driver of development activity in the area, as well as contributing to the hive of activity in the area, as well. In terms of its locality, the suburb is central to the important economic hub in and around Sandton and enjoys simple access to these spaces through the comprehensive road network supporting the node. All major and general amenities are available in Melville and the easily accessible neighbouring suburbs, as well. The GPS coordinates to the property are as follows: -26.1751, 28.0067 Parktown Auckland Park Braamfontein Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe www.aucorproperty.co.za 8 Pristine Building with Strong Development Potential - Melville, Johannesburg Locality Locality Information Information Micro Locality \ Johannesburg CBD Johannesburg Richmond Image Data: Google, AfriGIS Ltd, (Pty) DigitalGlobe www.aucorproperty.co.za 9 Pristine Building with Strong Development Potential - Melville, Johannesburg Locality PropertyInformation Description Approximate Boundaries N GIS Joburg City of Image Data: www.aucorproperty.co.za 10 Pristine Building with Strong Development Potential - Melville, Johannesburg Property Description Accommodation The improvements on the subject property consist of a single storey office conversion with an L-shaped footprint and a self-contained cottage constructed along the northern boundary of the property. The pristinely kept office building has been configured to host two primary open plan office areas, two private offices, a polished kitchen and an expansive entertainment/pause area adjoining the enclosed adjacent to the primary open plan spaces, which is also accessible from the landscaped garden. The building, which is built on a slope from south to north, also features a lower ground floor (basement) component hosting multiple storage rooms. ________________________________________________________________________________________________________ Additional features Additional property