SS Sleepy Gables Rivonia 56 Sectional Title Units in High Demand Residential Node 27 Rietfontein Road (Corner Rietfontein Road and 11 th Ave) Thursday, 12 July 2018 @ 12h00 Venue: Houghton Golf Club Osborn Road, Houghton, Johannesburg Luke Rebelo 072 493 2148 LukeR@Aucor.com Version 3 (4 July 2018) Terms & Conditions R50 000 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
Index Disclaimer Page 3 Property Images Page 4 Executive Summary & Key Investment Highlights Page 6 General Information Page 7 Locality Information Page 9 Property Description Page 11 Rent Roll Page 13 Zoning Information Page 15 Surveyor Diagram Page 19 Sectional Plan Diagram Page 21 Title Deed Page 30 2
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 5% of bid price Commission 10% plus 15% VAT thereon of the bid price Confirmation period 2 Days Rules of auction and conditions of sale are available at www.aucorproperty.co.za/ 3
Property Images 4
Property Images Bedroom (tiled) Open plan living room and kitchen Open plan living area with balcony Bedroom (carpets) Kitchen and Living area Kitchen Bathroom 5
Executive Summary & Key Investment Highlights Street Address: GPS Co-Ordinates: -26.0512, 28.0552 SS Sleepy Gables 27 Rietfontein Road (corner Rietfontein Road and 11th Ave), Edenburg, Johannesburg Mother Erf Size: Title Deed Information: 9,902m² Unit Number Unit Size (m²) Reg. Owner Title Deed Number Unit Number Unit Size (m²) Reg. Owner Title Deed Number 1 92 Mathilda Bosch ST43-1/2017 32 91 ST43-32/2017 2 94 Mathilda Bosch ST43-2/2017 33 91 ST43-33/2017 3 90 Red Ant Relocation & ST 43-3/2017 34 93 ST 43-34/2017 4 89 Eviction Services (Pty) Ltd ST 43-4/2017 35 107 ST 43-35/2017 5 96 Mathilda Bosch ST43-5/2017 36 110 ST43-36/2017 6 103 Mathilda Bosch ST43-6/2017 37 107 ST43-37/2017 7 117 ST 43-7/2017 38 111 ST 43-38/2017 8 95 ST 43-8/2017 39 91 ST 43-39/2017 9 108 ST 43-9/2017 40 92 ST 43-40/2017 10 109 ST 43-10/2017 41 92 ST 43-41/2017 11 85 ST 43-11/2017 42 93 ST 43-42/2017 12 86 ST 43-12/2017 43 91 ST 43-43/2017 13 86 ST 43-13/2017 44 94 ST 43-44/2017 15 85 ST 43-15/2017 45 91 ST 43-45/2017 16 88 ST 43-16/2017 46 91 Red Ant Relocation & ST 43-46/2017 17 85 ST 43-17/2017 47 91 Eviction Services (Pty) Ltd ST 43-47/2017 18 85 ST 43-18/2017 48 93 ST 43-48/2017 19 85 Red Ant Relocation & ST 43-19/2017 49 107 ST 43-49/2017 20 87 Eviction Services (Pty) Ltd ST 43-20/2017 50 110 ST 43-50/2017 21 107 ST 43-21/2017 51 103 ST 43-51/2017 22 105 ST 43-22/2017 52 90 ST 43-52/2017 23 107 ST 43-23/2017 53 91 ST 43-53/2017 24 111 ST 43-24/2017 54 103 ST 43-54/2017 25 91 ST 43-25/2017 55 103 ST 43-55/2017 26 92 ST 43-26/2017 56 90 ST 43-56/2017 27 92 ST 43-27/2017 57 91 ST 43-57/2017 28 93 ST 43-28/2017 58 103 ST 43-58/2017 29 91 ST 43-29/2017 60 90 ST 43-60/2017 30 94 ST 43-30/2017 61 91 ST 43-61/2017 31 91 ST 43-31/2017 62 103 ST 43-62/2017 5743 Zoning: Residential 4 Assessment Rates: Note: 1. Highlighted cells refer to additional units that may be included in the sale upon confirmation from the owner and if requested by the potential buyer. To be verified See page 12 for accommodatioin details and Sectional Plan Diagram section for Sectional Title details Accommodation: Occupation: Key Investment Highlights: SS Sleepy Gables comprises three blocks of flats of which two (2) hosts three storeys of residential accommodation and the third hosts two storeys of residential accommodation. T he units vary slightly in layout and configuration but are similar in that each unit comprises of 2 bedrooms and 2 bathrooms of which the majority of units have both bathrooms as en-suite, some flats however have one en-suite and a second standalone bathroom. Each flat further hosts an open-plan lounge, dining and kitchen area. T he buildings combined host a total of 62 sectional title units, of which 56 are included in the sale with a potential four (4) of the outstanding units that may potentially be included in the sale. Multiple T enancies - Refer to page 13 and 14 for details Income generating property with significant upside Ideal locality approximately 1.7km south of the N1 highway and in close proximity to the Buccleuch Interchange. Well maintained and neat units with differing finishes to suit various preferences. Situated in a mixed-use, affluent suburb with ease access to all major centres in the area including Sandton CBD and Bryanston. By bidding on 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. 6
General Information Street Address SS Sleepy Gables 27 Rietfontein Road (corner Rietfontein Road and 11 th Ave), Edenburg, Johannesburg GPS Co-Ordinates -26.0512, 28.0552 Title Deed Information Sectional Title Description: Exclusive Use Areas SS Sleepy Gables (43/2017) - Remainder of Erf 223 Edenburg 175m² - See Sectional Plan Diagram (Sheet 5 of 9) for details Unit Unit Size Title Deed Unit Unit Size Title Deed Reg. Owner Reg. Owner Number (m²) Number Number (m²) Number 1 92 Mathilda Bosch ST43-1/2017 32 91 ST43-32/2017 2 94 Mathilda Bosch ST43-2/2017 33 91 ST43-33/2017 3 90 Red Ant Relocation & ST 43-3/2017 34 93 ST 43-34/2017 4 89 Eviction Services (Pty) Ltd ST 43-4/2017 35 107 ST 43-35/2017 5 96 Mathilda Bosch ST43-5/2017 36 110 ST43-36/2017 6 103 Mathilda Bosch ST43-6/2017 37 107 ST43-37/2017 7 117 ST 43-7/2017 38 111 ST 43-38/2017 8 95 ST 43-8/2017 39 91 ST 43-39/2017 9 108 ST 43-9/2017 40 92 ST 43-40/2017 10 109 ST 43-10/2017 41 92 ST 43-41/2017 11 85 ST 43-11/2017 42 93 ST 43-42/2017 12 86 ST 43-12/2017 43 91 ST 43-43/2017 13 86 ST 43-13/2017 44 94 ST 43-44/2017 15 85 ST 43-15/2017 45 91 ST 43-45/2017 16 88 ST 43-16/2017 46 91 Red Ant Relocation & ST 43-46/2017 17 85 ST 43-17/2017 47 91 Eviction Services (Pty) Ltd ST 43-47/2017 18 85 ST 43-18/2017 48 93 ST 43-48/2017 19 85 Red Ant Relocation & ST 43-19/2017 49 107 ST 43-49/2017 20 87 Eviction Services (Pty) Ltd ST 43-20/2017 50 110 ST 43-50/2017 21 107 ST 43-21/2017 51 103 ST 43-51/2017 22 105 ST 43-22/2017 52 90 ST 43-52/2017 23 107 ST 43-23/2017 53 91 ST 43-53/2017 24 111 ST 43-24/2017 54 103 ST 43-54/2017 25 91 ST 43-25/2017 55 103 ST 43-55/2017 26 92 ST 43-26/2017 56 90 ST 43-56/2017 27 92 ST 43-27/2017 57 91 ST 43-57/2017 28 93 ST 43-28/2017 58 103 ST 43-58/2017 29 91 ST 43-29/2017 60 90 ST 43-60/2017 30 94 ST 43-30/2017 61 91 ST 43-61/2017 31 91 ST 43-31/2017 62 103 ST 43-62/2017 5743 Note: 1. Highlighted cells refer to additional units that may be included in the sale upon confirmation from the owner and if requested by the potential buyer. 7
General Information Municipal Information Municipality Current Use Assessment Rates City of Johannesburg Metropolitan Municipality. Residential To be Verified Town Planning Information Zoning Primary Uses (per scheme)* Coverage Density Floor Area Ratio Height Restriction Parking Requirements Building Lines Residential 4 see zoning certificate attached to this brochure Dwelling units, residential buildings 30% / 2,970.6m² Max of 74 units permitted / currently at 62 units; potential for additional 12 units 0,75 / 7,426.5m² Three (3) storeys As per scheme 7m along the street boundaries and 5m all other boundaries *Sandton Town Planning Scheme, 1980 a copy of the scheme is available upon request. 8
Locality Information SS Sleepy Gables is a unique and well-maintained sectional title development that comprises 62 flats and located in an affluent suburb known as Rivonia. The locality offers easy access to the N1 highway approximately 1.7km north of the subject property, as well as the Buccleuch Interchange via Rivonia Road (M9), which allows for ease of access to most parts of Gauteng including Midrand and Pretoria in the north and Sandton and Johannesburg in the south. The suburb forms part of a bustling ecosystem comprising a hub of upstart and established technology companies headquartered or represented in the area. Most amenities, services and facilities are in close proximity to the subject property and easily accessible due to the well-established road network including main routes such as Rivonia Road, Bryanston Drive and Bowling Avenue. All services are available in the greater Rivonia area and nearby Sandton. GPS coordinates for the site are as follows: -26.0512, 28.0552. Image Data: Google, AfriGIS Pty Ltd 9
Image Data: Google, AfriGIS Pty Ltd Sunninghill Woodmead Buccleuch Interchange 56 Sectional Title Units Locality Information Micro Locality 10
Image Data: City of Joburg GIS 56 Sectional Title Units Property Description Approximate Boundaries Property improvements that encroach onto the neighbouring property 11
Property Description Page 1 of 2 Accommodation Rent Roll SS Sleepy Gables comprises three blocks of flats. Two (2) blocks host three storeys of flats and the third hosts only two storeys of flats. The units vary slightly in layout, but are similar in that each unit comprises 2 bedrooms and 2 bathrooms. A majority of the units feature 2 en-suite bathrooms. Some flats, however, have one en-suite and a second standalone bathroom. Each flat further hosts an open-plan lounge, dining and kitchen area. The buildings combined host a total of 62 sectional title units, of which 56 are included in the sale with a potential four (4) of the outstanding units that may potentially be included in the sale - see sectional title plans for exact sizes per unit from page 21. The property further hosts two (2) communal use buildings used as a guard house and further hosts an enclosed refuse removal area with access from 11 th Ave via a roller shutter gate. Fixtures and Finishes Construction Parking Perimeter Condition The units include predominantly tiled floor coverings throughout with the exception of some units that have been fitted with carpets in the bedrooms. The ceilings are painted concrete throughout and internal walls are plastered and painted. Construction is predominantly plastered and painted walls with portions decorated with brown face-brick finishes under iron roofs. Windows and doors have wooden frame finishes throughout. Ample parking is provided on site with 53 designated shade-net parking bays and 54 additional visitors/open parking bays spread across the centre and south of the mostly brick-paved yard. The site is enclosed by a painted plaster brick wall with 8-string electric fencing and includes an access controlled and automated steel gate providing access to the property, situated in 11 th Ave. The property is considered to be in generally good condition with ongoing repairs and maintenance required. We have not undertaken structural surveys, nor have we arranged for tests/inspections of the service installations. There has been no environmental survey/audit to establish the existence or extent of any environmental conditions. By bidding on 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. 12
Rent Roll Page 1 of 2 Unit No/Ref. Tenant Description Area Let (m²) Lease Expiry Esc Rate (%) Basic Rental Levy Total SLG0001 ** 92 R - SLG0002 ** 94 R - SLG0003 ** 90 R 9 000,00 R 9 000,00 SLG0004 ** 89 R 8 400,00 R 8 400,00 SLG0005 ** 96 R - SLG0006 ** 103 R - SLG0007 Vacant 117 R - R - SLG0008 Vacant 95 R - R - SLG0009 ** 108 R 8 990,00 R 8 990,00 SLG0010 ** 109 R 8 990,00 R 8 990,00 SLG0011 ** 85 R 8 988,00 R 8 988,00 SLG0012 ** 86 R 9 010,00 R 9 010,00 SLG0013 Vacant 86 R - R - SLG0015 ** 85 R 8 988,00 R 8 988,00 SLG0016 ** 88 Not R 8 989,00 R 8 989,00 Not Supplied T BC SLG0017 ** 85 Supplied R 8 200,00 R 8 200,00 SLG0018 ** 85 R 8 400,00 R 8 400,00 SLG0019 ** 85 R 8 988,00 R 8 988,00 SLG0020 ** 87 R 8 400,00 R 8 400,00 SLG0021 ** 107 R 9 550,60 R 9 550,60 SLG0022 ** 105 R 10 099,80 R 10 099,80 SLG0023 ** 107 R 9 434,00 R 9 434,00 SLG0024 ** 111 R 8 900,00 R 8 900,00 SLG0025 ** 91 R 8 430,00 R 8 430,00 SLG0026 Vacant 92 R - R - SLG0027 ** 92 R 8 400,00 R 8 400,00 SLG0028 ** 93 R 8 500,00 R 8 500,00 SLG0029 Vacant 91 R - R - SLG0030 ** 94 R 9 825,90 R 9 825,90 SLG0031 ** 91 R 9 825,90 R 9 825,90 13
Rent Roll Page 2 of 2 Shop No/Ref. Tenant Description Area Let (m²) Lease Expiry Esc Rate (%) Basic Rental Levy Total SLG0032 ** 91 R 9 825,90 R 9 825,90 SLG0033 ** 91 R 9 825,90 R 9 825,90 SLG0034 ** 93 R 9 825,90 R 9 825,90 SLG0035 ** 107 R 8 430,00 R 8 430,00 SLG0036 ** 110 R 8 932,00 R 8 932,00 SLG0037 ** 107 R 8 900,00 R 8 900,00 SLG0038 ** 111 R 9 468,60 R 9 468,60 SLG0039 ** 91 R 8 430,00 R 8 430,00 SLG0040 ** 92 R 7 865,00 R 7 865,00 SLG0041 ** 92 R 7 865,00 R 7 865,00 SLG0042 Vacant 93 R - R - SLG0043 ** 91 R 7 865,00 R 7 865,00 SLG0044 Vacant 94 R - R - SLG0045 ** 91 R 8 400,00 R 8 400,00 SLG0046 ** 91 Not R 8 400,00 R 8 400,00 Not Supplied SLG0047 ** 91 Supplied R 8 400,00 R 8 400,00 SLG0048 ** 93 R 8 500,00 R 8 500,00 SLG0049 Vacant 107 R - R - SLG0050 ** 110 R 8 337,10 R 8 337,10 SLG0051 ** 103 R 8 900,00 R 8 900,00 SLG0052 Vacant 90 R - R - SLG0053 Vacant 91 R - R - SLG0054 ** 103 R 9 550,60 R 9 550,60 SLG0055 ** 103 R 9 629,70 R 9 629,70 SLG0056 Vacant 90 R - R - SLG0057 ** 91 R 7 865,00 R 7 865,00 SLG0058 ** 103 R 8 430,00 R 8 430,00 SLG0060 ** 90 R 8 060,00 R 8 060,00 SLG0061 ** 91 R 7 870,00 R 7 870,00 SLG0062 ** 103 R 7 865,00 R 7 865,00 5830 Total Gross Income on Current Leases: R 395 749,90 R - R 395 749,90 Notes: 1. Details of the tenants, lettable areas, levy accounts and related contractual income flows have been extracted from the Levy Roll and supplementary documents supplied by the Seller and represent details as at May 2018. 2. Details represented in the above analysis have not been verified to the relevant lease agreements. The lease agreements have been requested and will be made available to bona fide purchasers upon request thereof. potential buyer. Special Note - The rental information in this brochure is not intended to constitute specific advice nor to substitute for a due diligence exercise, and accordingly should not be relied upon to make a purchase decision. Prospective purchasers should make their own enquiries and investigation to confirm pertinent information and forecasts, and should further seek appropriate independent professional advice in relation thereto from suitably qualified professionals to complete their own due diligence in relation to the Property. 20-Jun-18 E & OE 14
Zoning Information 15
Zoning Information 16
Zoning Information 17
Zoning Information 18
Surveyor Diagram S.G. No. A4008/70 19
Surveyor Diagram S.G. No. A4008/70 Notes 20
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 1 of 9 21
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 2 of 9 22
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 3 of 9 23
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 4 of 9 24
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 5 of 9 25
Sectional Plan Diagram Surveyor Diagram Sectional Plan No. SS43/2017 Sheet 6 of 9 26
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 7 of 9 27
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 8 of 9 28
Sectional Plan Diagram Sectional Plan No. SS43/2017 Sheet 9 of 9 29
Title Deed Sectional Title Number ST43-62/2017 - Example Unit 62 30
Title Deed Sectional Title Number ST43-62/2017 - Example Unit 62 31
Title Deed Sectional Title Number ST43-62/2017 - Example Unit 62 32