Marshalls Town - Jhb Landmark Office / Retail Building London House 21 Loveday Street, Marshalls Town Tuesday, 12 November 2013 @ 12h00 The Hyatt Hotel, 191 Oxford Road Rosebank Jonathan Aitken 082 453 1119 JonathanA@Aucor.com 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: Darren Winterstein
Index Property Information Locality Property Description Tenancy Images Surveyor General Diagram Zoning 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 www.aucor.com
Property Information General Property Address London House 21 Loveday Street Title Deed Information Title Deed Numbers T1742/1923 Property Description Registered Owner Erf 208 Marshalls Town, City of Johannesburg City Inv Ltd Registered Stand Size 495m² Municipal Information Municipality City of Johannesburg Zoning General FAR 7.8 3,861m² Height Zone 1 (As per attached clause 45.2) Coverage 100% Building Lines Parking 1,5m in respect of ground storey only As per scheme The subject building is older than the current zoning scheme. Property assessment rates (excluding consumption and additional levies) based on municipal valuation and tariffs published on www.joburg.org.za (subject to change) 2013 Valuation Roll 2013/14 Tariff Annual Assessment Rates Monthly Assessment Rates R 30 200 000 0.017604 R 531 640.80 R 44 303.40
Locality The subject site is situated at 21 Loveday Street between Marshall Street and Main Street in Marshalls Town, Johannesburg. Marshalls Town is a well-known and well-established suburb of Johannesburg CBD and is characterised by various large commercial and high-rise buildings such as the Standard Bank Super Blocks and the Carlton Centre. Furthermore, Gandhi Square is located near to the subject property. Marshalls Town is well served by an established road network with the M1/M2 Highways easily accessible via a number of roads with Mooi Street and Sauer/Booysens Road providing the nearest on-ramps. All relevant services, including municipal electricity and sewerage disposal have been installed and are regarded as adequate and reliable. Services are provided by the Greater Johannesburg Metropolitan Council. Firefighting, police and medical services are all available within the general area from the subject property. GPS co-ordinates for the site is as follows: S 26 12'25.81"; E 28 02'29.22"
Property Description Description of Improvements Approximate Buildings Areas Approximate boundaries (Joburg GIS) (Based on aerial measurements with additional on-site measurements inclusive of vertical penetrations): GBA (on-site & aerial measurements) Component ±m² Basement 150 Ground Floor 356 Ground Floor store 20 Floor 1 370 Floors 2-11 3 276 Floors 12 & 13 570 Roof 118 4 860
Property Description Description of Improvements Primary Use Offices with 2 x ground floor retail shops Storeys 14 Roofing Waterproofed concrete External Walls Concrete Internal Walls Flooring Elevator Condition Heritage Accommodation Mostly painted plaster with certain spaces having dry walling A combination of flooring types 2 x passenger elevators The property requires repairs and maintenance. Please note that we have not undertaken a structural survey nor arranged for tests or inspections of the service installations. The building is older than 60 years and therefore is subject to the Provincial Resources Heritage Authority. We have been advised by the Joburg Heritage Foundation (JHF) that the building very elegantly Art Deco designed by was designed by Emley & Williamson in 1935 and is the finest of an important group of Art Deco buildings along Loveday Street. We were further advised that the superb lettering of the name and the flagpoles are important elements to be retained. JHF classifies this building as Category B which means it has very fine architectural qualities but JHF knows very little about its history. The subject property comprises a 14 storey office building with retail shops on the ground floor and a basement. Each office floor hosts male and female ablutions with most floors further hosting 2 x strong rooms. The hosting of the building is as follows (size and configuration of office space does differ): Ground floor 2 x retail shops, office area (dress making tenant), court-yard store room and a boiler room (working boilers). 1 st floor 9 x offices 2 nd floor 8 x offices (portion owner occupied) 3 rd floor 4 x offices and 1 school (6 office rooms) 4 th to 11 th floor 11 offices each 12 th floor 7 x offices 13 th floor 6 x offices and caretakers room Roof 3 x workers rooms, kitchen, ablutions and the lift house
Tenancy The following lease information as supplied by the Seller (subject to change).
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Surveyor Diagram
Zoning
Zoning
Rates