Presentation is loading. Please wait.

Presentation is loading. Please wait.

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

Similar presentations


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 OLIVEDALE OFFICE PARK, OLIVEDALE

2 Zoning : Special Permitted uses : Offices only F.A.R. / Bulk : 0.4 Permitted Height : 2 Storeys Permitted coverage : 30% Parking requirements : 4 Parking bays per 100m² net office 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 : T54658/2008 Registered Owner : Emira Property Fund Title Deed Description : Erf 932 Olivedale Extension 10 Erf extent : 8 474 m² Olivedale Office Park Cnr. Olive and Lima Street Olivedale Randburg 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 – Olivedale Office Park, Olivedale 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 – Olivedale Office Park, Olivedale 3 LOCALITY The property is situated in Olivedale, Randburg which is a designated commercial area and is currently experiencing high demand. Olivedale is ideally located behind a small convenience shopping centre and enjoys access to Hans Strydom and the N1 via President Fouche road. The property enjoys all municipal services such as tarred roads, water, sewerage and electricity. All necessary amenities are available in the nearby suburbs of Randburg and Cresta.

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 – Olivedale Office Park, Olivedale 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 – Olivedale Office Park, Olivedale 5 INDICATIVE PROPERTY VALUATION Description Market rate Monthly rental Office 3 227.00 m² R 63.00 /m² R 203 301 Total GLA 3 227.00 m² Parking – covered 49 bays R 360.00 /bay R 17 640 Parking – open 30 bay R 260.00 /bay R 7 800 Total parking bays 79 bays Gross monthly rental R 228 741 Gross annual rental R 2 744 892 Vacancy provision annual R 137 245 (5%) Gross annual income R 2 607 647

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 – Olivedale Office Park, Olivedale 6 INDICATIVE PROPERTY VALUATION Description Annual R/m² per month Less estimated annual expenses Service contracts R 141 576 R 3.66 /m² Consumables R 8 453 R 0.22 /m² Maintenance R 60 762 R 1.57 /m² Insurance R 13 074 R 0.34 /m² Property Management R 65 191 R 1.68 /m² Security R 214 044 R 5.53 /m² Municipal rates R 89 480 R 2.31 /m² Total expenses R 592 580 R 15.30 /m² Net annual income R 2 015 067 Capitalised at 10.5% R 19 191 114 Asking price R 19 100 000

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 – Olivedale Office Park, Olivedale 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 – Olivedale Office Park, Olivedale 8 CURRENT TENANCY (LARGEST 5) & TOTAL VACANCY Tenant Area DNA Telesales 690 Rose Courtz Trading 279 Associated Neural Technologies 245 R & R Wholesalers and Distributors 208 Uphando Forensic Services Gauteng 162 Vacancy 1 437

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 – Olivedale Office Park, Olivedale 9 SG DIAGRAMS


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

Similar presentations


Ads by Google