the auctioneers have taken the greatest care to ensure the accuracy of information received and...
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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 PACK SEPTEMBER 2012 EXECUTIVE CITY, KYA SANDS
Zoning : Industrial 1 Permitted Height : Height 0 F.A.R. / Bulk : 1.8 Permitted coverage : 60% Parking requirements : 1 parking bay per 100m2 of floor area
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 : T74123/2006 Registered Owner : Freestone Mortgage Bond S P V Series 1 Pty Ltd Title Deed Description : Erf 198 Kya Sand Erf extent : 7 389m²
Executive City 81 Industrial Road Kya Sands 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 – Executive City, Kya Sands 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 – Executive City, Kya Sands 3 LOCALITY
The property is situated in Kya Sands which offers a designated industrial area and is currently experiencing high demand. The property backs onto Malibongwe Drive and therefore has prime exposure to high vehicle traffic. The site is surrounded by similar type industrial properties. The area is accessible via main and secondary routes, such as Malibongwe Drive and the N1 and N14. The property enjoys all municipal services such as tarred roads, water, sewerage and electricity. All necessary amenities are available in the nearby suburb.
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 – Executive City, Kya Sands 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 – Executive City, Kya Sands 5 INDICATIVE PROPERTY VALUATION
Description Market rate Monthly rental Industrial 4 558.45 m² R 35.00 /m² R 159 546 Total GLA 4 558.45 m² Parking – open 23 bays - R 0 Parking – shade-net 5 bays R 80 /bay R 400 Total parking bays 28 bays Gross monthly rental R 159 945 Gross annual rental R 1 919 349 Vacancy provision annual R 95 967 (5%) Gross annual income R 1 823 382
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 – Executive City, Kya Sands 6 IDICATIVE PROPERTY VALUATION
Description Annual R/m² per month Less estimated annual expenses Service contracts R 31 716 R 0.58 /m² Maintenance R 61 125 R 1.12 /m² Insurance R 16 898 R 0.31 /m² Property Management R 45 585 R 0.83 /m² Municipal rates R 257 648 R 4.71 /m² Total expenses R 412 972 R 7.55 /m² Net annual income R 1 410 410 Capitalised at 10.5% R 13 432 476 Asking price R 13 400 000
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 – Executive City, Kya Sands 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 – Executive City, Kya Sands 8 CURRENT TENANCY (LARGEST 6 TENANTS) & TOTAL VACANCY
Unit No. Tenant Area 002 & 003 Sen Sient Colours SA 738.45 005 Sky’s The Limit Promotions and Events 372.73 011 Graham Hard Acre 368.45 007 Tyre and Retread Supplies 325.27 009 Shimba Marketing 325.27 010 Peter Haupt Investment Trust 325.27 Vacancy 2 103.01
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 – Executive City, Kya Sands 9 SG DIAGRAMS