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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 SEPTEMBER 2012 EXECUTIVE CITY, KYA SANDS

2 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 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 – Executive City, Kya Sands 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 – 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.

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 – Executive City, Kya Sands 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 – Executive City, Kya Sands 5 INDICATIVE PROPERTY VALUATION Description Market rate Monthly rental Industrial m² R /m² R Total GLA 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 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 – Executive City, Kya Sands 6 IDICATIVE PROPERTY VALUATION Description Annual R/m² per month Less estimated annual expenses Service contracts R R 0.58 /m² Maintenance R R 1.12 /m² Insurance R R 0.31 /m² Property Management R R 0.83 /m² Municipal rates R R 4.71 /m² Total expenses R R 7.55 /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 – Executive City, Kya Sands 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 – Executive City, Kya Sands 8 CURRENT TENANCY (LARGEST 6 TENANTS) & TOTAL VACANCY Unit No. Tenant Area 002 & 003 Sen Sient Colours SA Sky’s The Limit Promotions and Events Graham Hard Acre Tyre and Retread Supplies Shimba Marketing Peter Haupt Investment Trust Vacancy

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 – Executive City, Kya Sands 9 SG DIAGRAMS


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