Student Accommodation. Port Elizabeth Central. St Croix 10 Havelock Street
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1 Port Elizabeth Central Student Accommodation St Croix 10 Havelock Street Thursday, 26 June 12h00 The Maslow, Corner Grayston Drive & Rivonia Road Sandton Jonathan Aitken jonathana@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 Building Diagrams Cash-Flow Images Surveyor Diagram Zoning Lease Agreement In Use House Rules Auction Information Deposit Commission Confirmation period 5% of bid price 10% plus 14% VAT thereon of the bid price 2 Business Days Rules of auction and conditions of sale are available on
3 Property Information General Property Address St Croix 10 Havelock Street Port Elizabeth Title Deed Information Title Deed Number T30539/2013 Registered Owner Aengus Inv Prop Pty Ltd Title Deed Description Erf 2582 Port Elizabeth Central, Eastern Cape Registered Land Size 535m² Municipal Information Municipality Assessment Rates Nelson Mandela Bay Metropolitan Municipality R 6,717.87/month (2013/14 period) - please note that the Seller has indicated that they have lodged an objection to the current assessment rates. Zoning RES3A see attached
4 Locality GPS co-ordinates for the site is as follows: S 33 57'43.69"; E 25 37'05.35" The property is situated in Port Elizabeth Central which is an established neighbourhood of the City of Port Elizabeth with various tertiary institutions located in the general area. All major amenities and services are situated nearby.
5 Property Description Primary Uses Accommodation Student Accommodation 25 bedrooms (including 3 outside rooms) and 4 bathrooms Asset Register As supplied by Seller inventory dated 17 April 2014 Fridges 3 Stoves 3 Bed base 24 Mattress 29 Chairs 36 Cupboards 2 Curtains 34 Lounge suites (leather) 2 Bedside tables 27 Book shelves 0 Study Lamps 14 T elevision 1 DSTV Decoder 1 Desks 16 Microwave 1
6 Property Description Approximate Boundaries Source: Nelson Mandela Bay Metropolitan Municipality GIS Building Areas Approximate building areas based on plans supplied see overleaf Floor GBA ±m² Ground Floor 298 1st Floor 326 Total 624
7
8
9 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Income Residential Rent Lease Fees Operating Costs Bank Charges Cleaning DSTV Subscription Electricity Fire Service Insurance Internet Rates Assesment Maint Gen Suppl Refuse Security Sewerage Water Residential Salaries San & Pest Control TOTAL Student Accommodation St Croix Cash-Flow Based on budget supplied by Seller Seller guarantees an 11% yield (net income of Purchase Price) for a period of 2 years with an escalation of 8% in the second year. Current tenancy is at R2,100 per bed per month PROFIT / (LOSS) {Pre-finance) ( ) ( )
10 Surveyor Diagram
11 Zoning
12 Lease Agreement In Use
13 Lease Agreement In Use
14 Lease Agreement In Use
15 Lease Agreement In Use
16 Lease Agreement In Use
17 Lease Agreement In Use
18 House Rules
19 House Rules
20 House Rules
Student Accommodation. Port Elizabeth Central. Inch Keith 7 Havelock Street
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