14 Klaff Avenue (corners Watson Road & Le Helloco Avenue)

Transcription

1 Musina Limpopo Multi Let Retail Property in Super Strong Trading Town 14 Klaff Avenue (corners Watson Road & Le Helloco Avenue) Tuesday, 11 February 12h00 The Maslow, Corner Grayston Drive & Rivonia Road Sandton Gareth Botha GarethB@Aucor.com Terms & Conditions R refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Darren Winterstein

2 Index Property Information Locality Property Description Tenancy Images Zoning Surveyor General Diagram Rates Auction Information Deposit Commission Confirmation period 5% of bid price 10% plus 14% VAT thereon of the bid price 2 Days Rules of auction and conditions of sale are available on

3 Property Information General Property Address 14 Klaff Avenue (corners Watson Road & Le Helloco Avenue) - Musina Title Deed Information Title Deed Numbers T31170/2013 Property Description Erf 574 Messina Extension 1, Musina Local Municipality, Limpopo Registered Owner U S A Family Trust Stand Size 991m² Municipal Information Municipality Musina Local Municipality Zoning Business 1 Scheme Musina Land Use Management Scheme 2010 Primary Permitted Uses Business buildings, residential buildings, place of instruction, religious purposes, sports and recreation club, social halls, guest house, dry cleaners, restaurant, banks, ATM, launderettes, car sales, place of refreshment, vehicle sales (subject to schedule 3), public or private parking area, caretaker flat and hotel. Secondary Permitted Uses Telecommunication mast Maximum Height 6 Storeys Maximum Coverage 60% in case of One (1) Storey and 50% in case of Two (2) Storeys (Please note that coverage is exceeded) FAR 1.6 Building Lines Side 3m; Rear 3m; Street 5m (Please note that building lines area exceeded) Parking 6 per 100m² - (no on-site parking provided other than normal street parking)

4 Locality The subject property is situated in Musina (previously spelled Messina) which is considered an extremely strong trading town situated near the Beitbridge border with Zimbabwe and is the northernmost town in the Limpopo Province. Beitbridge border is approximately 15km north-west of Musina. Musina attracts strong cross-border trade with countless Zimbabweans travelling daily to Musina for general trade, shopping and employment. The immediate area surrounding the subject property is characterised by retail buildings. The subject property receives what is considered very high volumes of pedestrian traffic as it is located ±220m from the N1 (which links Zimbabwe to Johannesburg). GPS co-ordinate s for the site is as follows: S 22 20'42.73"; E 30 02'32.34"

5 Property Description Description of Improvements Approximate boundaries Buildings Areas (Approximate Construction Areas based on on-site measurements): ±990m²

6 Property Description Description of Improvements Primary Use Walls Retail property with stores External a combination of painted plaster and concrete face brick Internal a combination of walling types Roofing Flooring Condition Accommodation Pitched corrugated roofing and IBR A combination of tile and smooth concrete The exterior of the property is to be renovated in December/January The interior of the property requires some repairs and maintenance but is considered to be in average condition for the use. We have not undertaken a structural survey nor have we arranged for test or inspections of the service installations. The subject property is configured to host 11 tenants. Most retail tenants are facing either Klaff Avenue or Watson Road with a single retail tenant and two stores/warehousing (potential retail shops) facing Le Helloco Avenue. In addition, the shop hosts a board mezzanine area for additional storage space. As at 2 December 2013 and based on external on-site measurements, the approximate sizes of the various components are as follows (shops anti-clockwise from north-eastern corner on Klaff Avenue): Component ±m² Shop 75 Shop 95 Shop 75 Shop 60 Supermarket 110 Shop 60 Furniture Shop 180 (excluding board mezzanine) Shop 70 Stores 1 & Shop

7 Watson Road Retail Property Property Description Approximate Layout (as at 2 December 2013) Klaff Avenue Supermarket Shop Shop Shop Shop Shop Furniture Shop 2 x Stores/Warehousing Shop Shop Le Helloco Avenue

8 Tenancy The property is fully let. We have been supplied the following tenancy information from the Seller. Please note are nett of Municipal Recoveries from tenants and are as at 1 March 2014 tenancies are subject to change. SHOPS ON KLAFF STREET: SHOP 1: R SHOP 2: R SHOP 3: R SHOPS ON WATSON STREET: SHOP 4: R SHOP 5: R SHOP 6: R SHOPS ON HELLOGO STREET: SHOP 7: R SHOP 8: R TOTAL RENTAL PER MONTH: R

9 Images

10 Zoning

11 Surveyor Diagram