28 6th Street, Parkhurst. Tuesday, 8 May 12h00 Houghton Golf Club, Osborne Road, Houghton, Johannesburg
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1 Johannesburg Stand-Alone Office with Special Zoning Erf Size 495m² 28 6th Street, Tuesday, 8 May 12h00 Houghton Golf Club, Osborne Road, Houghton, Johannesburg Paulo Vinhas PauloV@aucor.com Version 1 (19 April 2018)) 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: Pieter Geldenhuys
2 Index Disclaimer & Auction Information Page 3 Property Images Page 4 Executive Summary Page 5 General Property Information Page 6 Locality Information Page 7 Property Description Page 10 Lease Summary Page 11 Rates Statement Page 12 Surveyor Diagram Page 14 Zoning Information Page 15 Levy Statement Page 9 2
3 Disclaimer & Auction Information Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither Aucor Corporate (Pty) Ltd T/A Aucor Property nor the Seller/s guarantee the correctness of the information provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of Aucor Corporate (Pty) Ltd T/A Aucor Property or the Seller/s or any other person. Auction Information Deposit Commission Confirmation period 5% of bid price 10% plus 15% VAT thereon of the bid price 2 Days Rules of auction and conditions of sale are available at 3
4 Property Images 4
5 Executive Summary & Key Investment Highlights Street Address: GPS Co-Ordinates: 28 6th Street, S 26 08'35.9"; E 28 01'01.2" Basement Entrance Registered Land Size: 495m² Zoning: Special Assessment Rates: R1, / month (Excluding city levies and consumption related charges) Accommodation: Approx. Gross Building Area See page 10 for full details of accomodation: T he property features a primary building (currently being occupied as an art gallery), and an outbuilding T BC Tenancy: Key Investment Highlights: Currently tenanted on a 1 year leasse which expires 31/03/2019. See summary of lease details on page 11. Property Images Located on the main business and arterial road through. Prime redevelopment opportunity Special Zoning Exclusions: All moveable items are excluded from the sale. By bidding on this property, the puirchaser acknowledges that he has aquianted himself with the extend and nature of the property he is buying, and that he accepts the property as such. 5
6 General Information Street Address GPS Co-Ordinates 28 6 th Street, S 26 08'35.9"; E 28 01'01.2" Title Deed Information Title Deed Numbers T57637/2003 Registered Owner Private Person Title Deed Description Erf 1936 Registered Size 495m² Municipal & Rates Information Municipality Assessment Rates City of Johannesburg Metropolitan Municipality (Excludes consumption and additional city levies) - Based on the municipal valuation roll and tariffs published by the Municipality. See rates statement attached to this brochure for additional rates information and charges. Erf Municipal Valuation Roll Rating Category Estimated 2017 / 18 Category Tariff Estimated 2017 / 18 Annual Assessment Rates Estimated 2017 / 18 Monthly Assessment Rates (Annual 12) 1936 R Residential 0, R13 735,08 R1 144,59 Note: A new municipal valuation and rates tariff is to come into effect from 1 July Town Planning Information Zoning Special (See zoning confirmation attached to this brochure). Primary Rights (per scheme)* Offices (excluding Banks, Building Societies and Medical and Dental Suites) and an antique shop in the existing structure and dwelling units. Height Restriction Three Storeys (Actual - one storey) Coverage Limited to existing structures save for dwelling units at 60%. FAR 2,1 / 1,039.5m² Buildings for business uses; 1,2 / 594m² for residential houses Building Lines 3m in addition to the right-of-way servitude for landscaping only, save for existing structures. Also, a 2m landscaping strip free of parking on the southern boundary of site. Parking 4 bays per 100m² for offices and 6 bays per 100m² for an antique shop. General Provisions See attached zoning confirmation to this brochure. *Johannesburg Town Planning Scheme, A copy of the scheme is on hand and will be made available upon request. 6
7 Locality Information The subject property is located on the corner of the popular 4 th Avenue and 9 th Street, in, Johannesburg. lies just north-west of Rosebank and is always a-buzz with people sipping coffee at pavement cafés, browsing through antique shops or perusing the latest in design and fashion. 4th Avenue is a long street lined with some of the best restaurants in Johannesburg, as well as interior design boutiques, gift and clothing shops, and a concentration of hair salons and beauty parlours. Access to the area is relatively easy with primary and secondary roads linking the area to the rest of Johannesburg: S 26 08'35.9"; E 28 01'01.2" 7
8 Sandton CBD Parktown North Rosebank Office 6 th Street Locality Information Micro Locality 8
9 Locality Information Approximate Boundaries 9
10 Property Description Accommodation: Fixtures and Finishes Construction Perimeter and Yard Condition The site, currently zoned Special, features a residential dwelling which has since been converted into offices / showroom. The property also comprises a garage as well as an outbuilding with a court-yard separating the main building and the outbuilding The main building s office/showroom areas feature mostly tiled as well as wooden flooring with painted plaster walls. The primary building features painted plaster external walls and roofing is corrugated roof sheeting. The yard / garden areas are enclosed by walling, gate or by buildings. There is a brick-paved yard in the front of the property utilized as parking. The property is reasonably well-maintained with ongoing repairs and paint required in places. We have not undertaken a structural survey of the buildings nor have we arranged for tests of inspections of the service installations, but these appear to be sound and in working order. The Seller has mentioned that the roof of the outbuilding will need to be repaired as its damaged and leaks, as well as that the main building s geyser in not operational. By purchasing this property, the purchaser acknowledges that he has acquainted himself with the extent and the nature of the property he is buying, and that he accepts the property as such. Occupation: The property is currently being tenanted The Art Link Gallery. See summarized lease details on page
11 Lease Summary Tenant Alexander Krebs Rentable Area Entire property comprising the main building as well as outbuilding. Commencement Date 1 April 2018 Expiry Date 31 March 2019 Renewal Option Not specified. Escalation Rate 8%, if a renewal is applicable Monthly Rental The monthly rental consists of the following: R2000 basic rental per month. Plus, 10% of the art sales per month Plus 15% of gross income from all corporate events from each month of the first year. A copy of the lease agreement is on hand and will be made available to bona fide potential purchasers upon request thereof. 11
12 Rates Statement 12
13 Rates Statement 13
14 Surveyor Diagram Extract from General Diagram S.G. No. A 829/
15 Zoning Information 15
16 Zoning Information 16
17 Zoning Information 17
18 Zoning Information 18
19 Zoning Information 19
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