benoni cbd mixed use property · mixed use property benoni cbd disclaimer whilst all reasonable...

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: Darren Winterstein

Benoni CBD

Mixed Use Property

68 Cranbourne Avenue & 69 Woburn Avenue

Wednesday, 17 September 2014 @ 12h00 The Maslow, Corner Grayston Drive & Rivonia Road – Sandton Thabo Molomo | 073 518 0742 | [email protected]

mailto:[email protected]

Mixed Use Property Benoni CBD

Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.

Index

Disclaimer

Images

Property Information

Locality

Property Description

Tenancy

Surveyor Diagram

Zoning

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 on www.aucorproperty.co.za/

http://www.aucorproperty.co.za/



Images



Property Information

General Property Address 68 Cranbourne Avenue & 69 Woburn Avenue

Benoni CBD

Title Deed Information Title Deed Number T 2947/2008

Registered Owner Mfumo Networking Solutions CC

Title Deed Description Erven 1133 & 1134 Benoni

Registered Land Size Erf 1133 - 714m²; Erf 1134 – 714m²

Total - 1,428m²

Municipal Information

Municipality Ekurhuleni Metropolitan Municipality - Benoni

Zoning Restricted Business – See zoning attached

Primary Uses Secondary Uses (Permitted only with

the Consent of Council) Uses Not Permitted

Shops, Business Premises, Dwelling Houses, Residential Buildings, Places of

Public Worship, Places of Instruction, Social Halls

Craft Industries, Services Industries, Public Garages, Parking Garages, Special

Use

Industrial Buildings other than craft or service industrial buildings

Maximum Height Width of Street 25.188m Coverage 90% - 1,285.2m² (combined)

Floor Area Ratio Not specified Density one dwelling per 300m²

Building Lines “Buildings, including outbuildings, hereafter erected on the erf shall be located not less than 5m from any

street boundary and not less than 2m from any other boundary thereon: Provided that the Local Authority

may relax this restriction if it would in its opinion result in an improvement in the development of the erf”

Property assessment rates based on municipal valuation and new tariff (effective July 2014) published by the Ekurhuleni Metropolitan

Municipality website (2014/15 period) – excluding city levies

Erf 2013 Municipal Valuation Rating Category 2014/15 Category Tariff2014/15 Annual

Assessment Rates

2014/15 Monthly

Assessment Rates

1133 R 4 350 000.00 Business & Commercial 0.01591 R 69 208.50 R 5 767.38

1134 R 4 600 000.00 Business & Commercial 0.01591 R 73 186.00 R 6 098.83

Total R 8 950 000.00 R 142 394.50 R 11 866.21



Locality

The subject property is situated at between 68 Cranbourne Avenue & 69 Woburn Avenue in the heart of Benoni CBD. Woburn

Avenue is a major street servicing Benoni CBD and runs from south-west to north-east and links with Snake Road. The street

experiences good levels of vehicular and pedestrian traffic. Cranbourne Avenue leads to a cul-de-sac thus with less traffic but an

environment more conducive to residential and office uses. The property is relatively easily accessible from the N12 freeway, of

which the most obvious routes are via Tom Jones Road or Snake Road.

Nearby residential suburbs to the area include Northmead, Morehill and Lakefield among others. There are various amenities located

in the general area such as various schools, shops and medical facilities. All municipal services such as tarred roads, water,

sewerage and electricity are present in the area.

GPS co-ordinates for the site is as follows: Cranbourne Avenue - S 26°11'24.09"; E 28°19'05.84" Woburn Avenue - S 26°11'22.08"; E 28°19'04.66"




Primary Use Retail shops, offices & 10 x apartments – potential for additional residential conversion

Storey's A combination of 2 and 4 storeys

Internal Walls Offices – A combination of dry-walled, painted plaster and face brick walling

Remainder – mostly painted plaster

Floors A combination of types including good quality carpet & ceramic tile (predominately offices), vinyl tile and

concrete

Ceilings A combination of suspended ceilings, ceiling boards and painted concrete ceilings

Elevator Single passenger elevator (Otis) servicing ground to 2nd floor – not operational

Air-conditioning Various wall mounted and cassette units in the office areas

Condition The property varies in condition from neat and well maintained (retail & offices) to requiring repairs and

maintenance (apartment section). We have not undertaken a structural survey nor have we arranged for

tests or inspections of the service installations; however these appear to be sound and in working order.

Accommodation The subject property comprises a two interlinked buildings. The Cranbourne Avenue side building is 4

storeys and comprises 5 shops, offices and 10 apartments (6 x 2 bedrooms & 4 x 1 bedrooms). The

Woburn Avenue building is double storey and comprises ground floor parking garage, first floor offices

(interlinked with the Cranbourne Avenue building) and an enclosed parking yard.

Cranbourne Avenue

The ground floor comprises 5 shops and an entrance foyer to the office sections and apartments. The

foyer hosts a passenger elevator (not working) and a stairwell. The 1st floor comprises neat offices with

board room, 2 x small business/office units, kitchenette, male & female toilets and the laundry drying area

for the apartment dwellings. The 2nd and 3rd floors host 5 apartments each (6 x 2 bedrooms & 4 x 1

bedrooms).

Woburn Avenue

This building was previously occupied by ABSA. The ground floor comprises a parking garage accessible

through a motorised rolling shutter. The parking garage hosts 14 parking bays and storage. The first floor

comprises office space which extends into the Cranbourne Avenue building. The offices comprise various

dry walled offices, meeting room, male and female toilets, gym, server room and a large open space with a

stairwell leading to the 2nd floor in the Cranbourne Avenue building.




Approximate Boundaries – Source: Ekurhuleni GIS

Approximate Building Areas – based on on-site and additional aerial measurements

Woburn Side 650

Garage 313

1st Floor 337

Cranbourne Side 1401

Ground 703

First 698

Total Retail / Office GBA 1738

Garage 313

Excluding Apartments




We have been supplied with the following tenancy information (May to June 2014)

DATE INVOICE NO SITE FLAT/SHOP OWNER ACTIVITY EXPECTED AMOUNT

INA70250 68 Cranbourne Ave FLT 201 Terrence Nkuna Flat Rental -R

2014/01/05 INA70251 68 Cranbourne Ave FLT 202 Zwelithini Nyathi Flat Rental 4 962.55R

INA70252 68 Cranbourne Ave FLT 203 Buti Mangwane Flat Rental -R

2014/01/05 INA70253 68 Cranbourne Ave FLT 204 Steering Auto - Mumsy Flat Rental 4 646.16R

INA70254 68 Cranbourne Ave FLT 205 Sizwe Ncipha Flat Rental -R

2014/01/05 INA70255 68 Cranbourne Ave FLT 301 Sihle Nkosi Flat Rental 4 971.23R

2014/01/05 INA70256 68 Cranbourne Ave FLT 302 Musawenkosi Mabizela Flat Rental 5 157.00R

2014/01/05 INA70257 68 Cranbourne Ave FLT 303 Lucky Gumede Flat Rental 3 358.00R

INA70258 68 Cranbourne Ave FLT 304 Blossom Langa Municipality Charges -R

68 Cranbourne Ave FLT 305 Flat Rental 3 734.67R

2014/01/05 INA70259 68 Cranbourne Ave MSB Shop No:2 John Skhosana Office Rental 3 503.14R

2014/01/05 INA70260 68 Cranbourne Ave Ikemeleng Networking Office Rental 5 500.00R

Total 35 832.75R




2014/02/06 INA70267 68 Cranbourne Ave FLT 203 Buti Mangwane Flat Rental -R






2014/02/06 INA70273 68 Cranbourne Ave FLT 304 Blossom Langa Municipality Charges -R

68 Cranbourne Ave FLT 305 Flat Rental 3 737.36R

2014/02/06 INA70274 68 Cranbourne Ave MSB Shop No:2 John Skhosana Office Rental 3 503.14R

68 Cranbourne Ave Chanty's Chemical Cleaning Shop 3 4 688.00R


Total 40 481.88R




2014/01/07 INA70289 68 Cranbourne Ave FLT 203 Buti Mangwane Flat Rental 5 076.94R






INA70295 68 Cranbourne Ave FLT 304 Blossom Langa Municipality Charges -R

2014/01/07 INA70296 68 Cranbourne Ave FLT 305 Rebeccah Memba Flat Rental 3 985.38R

68 Cranbourne Ave Chanty's Cleaning Chemical Shop 3 2 688.00R

2014/01/07 INA70297 68 Cranbourne Ave MSB Shop No:2 John Skhosana Office Rental -R


Total 39 767.98R

MFUMO FLATS REPORT FOR June 2014

MFUMO FLATS REPORT FOR July 2014

MFUMO FLATS REPORT FOR May 2014



Surveyor Diagrams



Zoning

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