property valuation photographs current tenancy sg diagrams contact details
DESCRIPTION
SALES PACK LONE CREEK, MIDRAND. Property valuation Photographs Current tenancy SG diagrams Contact details. Property Summary. The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions - PowerPoint PPT PresentationTRANSCRIPT
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Property valuation
Photographs
Current tenancy
SG diagrams
Contact details
Property Summary
SALES PACKLONE CREEK, MIDRAND
Zoning : Special Permitted uses : Training centres, research & development centres, laboratories and distribution centre F.A.R. / Bulk : 0.4 Permitted Height : 3 storeys not exceeding 14m from natural ground level Permitted coverage : 40% Building lines : 16m – Provincial roads & 5m any other street boundaries
The property is situated in the City of Johannesburg Local Municipality. According to the Town Planning Scheme, the property is zoned as follows:
Title Deed Number : T148961/2003 Registered Owner : Emira Property Fund Title Deed Description : Erf 1994 Vorna Valley Extension 21 Erf extent : 1.4628 hectares
Lone Creek 21 Mac Mac Road and Howick Close Waterfall Park Midrand
General
Title deed information
Municipal information
Town planning - permitted
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 2 PROPERTY SUMMARY
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 3 LOCALITY
The property is situated in Waterfall Park, Midrand. Waterfall Park is a well-managed office park, with good access, and pleasing aesthetics. Access to the park is off the newly improved Allandale Road. Visibility from the N1 highway to Pretoria is very good. The property enjoys all municipal services such as tarred roads, water, sewerage and electricity. All necessary amenities are available in the nearby suburbs of Midrand and Kyalami and the Sandton CBD lies approximately 15km from the subject property.
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 4 LOCALITY
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 5 INDICATIVE PROPERTY VALUATION
Description Market rate Monthly rental Office 5 428.66 m² R 76.00 /m² R 412 578 Storeroom 230.39 m² R 45.00 /m² R 10 368 Bill Board - R 12 500.00 /m² R 12 500 Total GLA 5 659.05 m² Parking – open 64 bays R 280.00 /bay R 17 920 Parking – shade-net 133 bays R 390.00 /bay R 51 870 Parking – basement 91 bay R 450.00/bay R 40 950 Total parking bays 288 bays Gross monthly rental R 546 186 Gross annual rental R 6 554 234 Vacancy provision annual R 327 712 (5%) Gross annual income R 6 226 522
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 6 INDICATIVE PROPERTY VALUATION
Description Annual R/m² per month Less estimated annual expenses Service contracts R 189 787 R 2.79 /m² Consumables R 32 784 R 0.48 /m² Maintenance R 104 928 R 1.55 /m² Insurance R 31 775 R 0.47 /m² Property Management R 155 663 R 2.29 /m² Security R 10 148 R 0.15 /m² Levies Paid R 160 836 R 2.37 /m² Municipal rates R 728 798 R 10.73 /m² Total expenses R 1 414 719 R 20.83 /m² Net annual income R 4 811 803 Capitalised at 10.5% R 45 826 695 Asking price R 45 800 000
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 7 PHOTOGRAPHS
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 8 CURRENT TENANCY (LARGEST 10) & TOTAL VACANCY
Tenant Area Cement and Concrete Institute 1 426 End User Finance 856 Regional Tourism Organisation of Southern Africa 262 Neo and Moleko’s Investments 223 Batseta Consulting 221 The Principal Officers Association of South Africa 193 South African Council for the Quantity Surveying Profession 184 Ntsu Engineering Consultants 119 Ilitha Lelizwe Consulting 116 Lauria Ferreira 113 Vacancy 963
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company
number required to register. Bid prices exclude VAT.
Sales Pack – Lone Creek, Midrand 9 SG DIAGRAMS