PROPERTY. Information Pack Expert Knowledge

Transcription

1 PROPERTY Information Pack Expert Knowledge Local Service. Global Reach. ERF 620, BELLAIR KWA ZULU NATAL 32 CLIFF CRESCENT, EDWIN SWALES BUSINESS PARK, DURBAN LIVE PROPERTY AUCTION VENUE: THE VENUE, MELROSE ARCH, JOHANNESBURG DATE: TUESDAY, 23 FEBRUARY 2016 TIME: 12H00 GoIndustry DoveBid Version 3-20 January 2016

2 NOTICE TO BIDDERS Welcome to GoIndustry DoveBid SA Property Auctions! Within this pack, you will find pertinent information regarding the property being auctioned. Furthermore, there are step by step instructions on how to register at the end of this document. All additional information and other properties can be found on our website at The information included herewith is a summary of information from a number of sources, most of which have not been independently verified. This summary has been provided only for the use of prospective bidders. It is supplied for whatever assistance it may provide in answering questions. SUCH INFORMATION AND OPINIONS ARE SUPPLIED WITHOUT WARRANTIES OR REPRESENTATIONS, EITHER EXPRESSLY OR TACITLY IMPLIED, WHATSOEVER. Prospective bidders are advised to avail themselves of the land uses and or restrictions if any, of the property and to consult whatever advisors they may feel appropriate. The property for sale will be auctioned voetstoots, as it now stands and subject to the terms and conditions and servitudes mentioned and referred to in the current and/or prior Title Deeds and neither GoIndustry DoveBid, nor the Substitute Trustees or their respective agents make any express or tacitly implied warranties of any kind. The description and conditions listed in this and other advertising materials are to be used as guidelines only and are not guaranteed. Please Note: In order to take part in this auction, a R refundable deposit is required prior to your bidding status being approved. Furthermore, all pending registrants may have to complete a participation form which can be found on the events page / auction page on our website. Should you have any questions regarding the approval of registrants, please contact our offices for assistance on GoIndustry DoveBid GoIndustry DoveBid

3 PROCEDURES FOR PURCHASING AT AUCTION Thank you for your interest on this auction! If you are unfamiliar with buying real estate at auction, here is an easy to follow set of instructions on how to participate: REGISTRATION: PLEASE FURTHER NOTE THAT THE COMPLETED REGISTRATION FORM TOGETHER WITH THE SUPPORTING DOCUMENTS MUST REACH US 48 HOURS PRIOR TO THE AUCTION IN ORDER TO PERFORM THE NECESSARY CREDIT CHECKS. Please remember to attach, a copy of your ID and Proof of Residence. Without these documents, you will not be allowed to bid at the auction. This auction requires a R refundable deposit; payable by bank guaranteed cheque or EFT. Please make yourself aware and fully understand all documentation relating to the sale of this property prior to any bidding. The documentation and information to be read and understood include the following: Rules of Auction, Agreement of Sale, and Auction Notes. All of these documents can be found at from the auctioneer's office and at the auction itself. BIDDING: Bidding is a very simple process that can be accomplished through one of the following ways. The most important rule is to listen closely to the auctioneer. When the auctioneer is calling out bids to the crowd, you can increase your bid by: Raising your bid card in the air, Shouting your bid out to the auctioneer verbally, Having one of the auction staff place your bid for you, or Communicating a signal to the auctioneer that has been arranged prior to the auction. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Announcements made from the podium at the time of the sale take precedence over all printed materials. If you have any questions at the auction about the property, procedures, or anything else, do not hesitate to ask. We will be happy to assist in any way we can. POST AUCTION: Upon completion of the auction when the auctioneer says "SOLD", the winning bidder will immediately be required to sign the Agreement of Sale and post the 10% deposit as well as the commission of 5% plus VAT. At this time, instructions regarding closing of the sale will be thoroughly explained to you and any questions will be answered. If you have any additional questions, please direct them to any of the auction staff members present or call our offices at +27 (21) Things to Note: All prices achieved on auction are subject to confirmation until close of business, 26 February Whatever your bid amount is, a 5% buyers premium will be added and then VAT (If a SA Resident Company, please confirm details and conditions if a foreign company) You may get further assistance/help at the following link: GoIndustry DoveBid GoIndustry DoveBid

4 PROPERTY SUMMARY MODERN OFFICE AND WAREHOUSE IN SECURE OFFICE PARK Property Address: Co-ordinates: 32 Cliff Crescent, Edwin Swales Business Park, Durban 29 52'48.74"S 30 57'48.30"E Property Description Extent Ownership Title Deed Erf 620, Bellair ±2528m² (Erf) Delta Property Fund Ltd T14255/2013 Zoning: Height Restriction: Coverage: FAR: Street Setback: Parking Requirements: General Business 2 15m N/A 1,5 (therefore 3792m²) 2m wide servitude on any 2 sides of the property for municipal service provision Commercial/offices 1 parking bay per 30m²; light industrial 1 parking bay per 150m² plus suitable loading facilities Municipal Value (2012 VR): R GLA: Commercial/Office Space 1865m² External Yard 2500m² Total GLA m² Rates (per annum): R Property Details: The property falls on Erf 620, Bellair, under the ethekwini Metropolitan Municipality. The site is an irregular triangle in shape and is predominantly level. It is located in Cliff Crescent, within the soughtafter Edwin Swales Business Park in the suburb of Bellair. Bellair is comprised predominantly of residential property and Edwin Swales Business Park is the only exclusively industrial area in the suburb, with all buildings in the park being relatively new, including a BMW dealership and the Group Five Structured Ingenuity building. The business park has fantastic ease of access, situated on the corner of Bellair Drive and Solomon Mahlangu Drive, two main routes within the area. The N2 National Road is accessed just 1km away and Durban Central Business District (CBD) is situated 10km to the north east via the M4 highway. Surrounding suburbs include Durban South, Mount Vernon, Queensburgh and Umbilo. Amenities within immediate vicinity include Inkosi Albert Luthuli Central Hospital, various filling stations and shopping malls and major roadways. The improvements on the property comprise a main building which hosts offices, a warehouse and ablutions. In addition there is a guard house at the entrance as well as extensive yard area. There are 45 demarcated open parking bays. The main building is a new build and is constructed as warehousing however the actual layout comprises offices and a warehouse on the ground floor and offices and ablutions on the first floor. The building is constructed using a brick and steel framework on concrete foundation work. There are numerous large roller shutter doors servicing the industrial area of the building, which fronts onto a hard topped yard. There are driveways on both warehouse sides of the building. Furthermore, the external walls of the main building offices are constructed of IBR sheeting and glass in panel design finished with plaster and paint. Windows are mainly brown steel frame in office GoIndustry DoveBid GoIndustry DoveBid

5 sections. Roofing material is steel IBR sheeting fixed onto steel roofing struts and purlins. The warehouse is approximately 6m to eave height. Aside from the large concrete paved driveways with very large yardage, external improvements and features include some attractive vegetation, steel palisade security fencing and gates as well as some external security lighting, a guard house and a boom. Special Conditions under Title Deed T14255/2013: Upon inspection of Title Deed T14255/2013, it was deemed that the following special conditions were found to be necessary for consideration by any purchaser. - Subject to a pipeline servitude 6m wide in favour of Transnet Ltd No /06 - Subject to a 12m wide Metro Water Servitude in favour of ethekwini Municipality as depicted on General Plan SG No 248/2003, which itself is subject to various conditions - Subject to a 3m wide sewer and drain servitude in favour of ethekwini Municipality as depicted on General Plan SG No 248/2003, which itself is subject to various conditions - Subject to a 2m wide sewer and drain servitude in favour of ethekwini Municipality as depicted on General Plan SG No 248/2003, which itself is subject to various conditions - Subject to an electric overhead transmission line servitude in favour of ethekwini Municipality as depicted by Figure ABCDEFGHJK on General Plan SG No 2889/2005, which itself is subject to various conditions GoIndustry DoveBid GoIndustry DoveBid

6 PHOTOGRAPHS Main Building Main Building Main Building Additional Yard Area (South-West Corner) Eastern Yard/Parking Area GoIndustry DoveBid GoIndustry DoveBid

7 LOCALITY MAPS GoIndustry DoveBid GoIndustry DoveBid

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