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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 omissions.

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Presentation on theme: "The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions."— Presentation transcript:

1 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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 LONE CREEK, MIDRAND

2 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 : 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 omissions Terms: 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

3 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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.

4 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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

5 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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 m² R /m² R Storeroom m² R /m² R Bill Board - R /m² R Total GLA m² Parking – open 64 bays R /bay R Parking – shade-net 133 bays R /bay R Parking – basement 91 bay R /bay R Total parking bays 288 bays Gross monthly rental R Gross annual rental R Vacancy provision annual R (5%) Gross annual income R

6 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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 R 2.79 /m² Consumables R R 0.48 /m² Maintenance R R 1.55 /m² Insurance R R 0.47 /m² Property Management R R 2.29 /m² Security R R 0.15 /m² Levies Paid R R 2.37 /m² Municipal rates R R /m² Total expenses R R /m² Net annual income R Capitalised at 10.5% R Asking price R

7 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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

8 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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 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

9 The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 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


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