28 Sheringham Drive - Aucor

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28 Sheringham Drive - Aucor
Fourways                Waterford Office Park – A-Grade Offices in Prime Location
Johannesburg            Total GBA - ± 627m²

   28 Sheringham Drive
       Tuesday, 25 August 2020 @ 12h00

       Houghton Golf Club – Osborn Road, Houghton, Johannesburg

       Letta Molefe | 074 155 7591 | Letta@aucor.com

                                 Version 1: 21 July 2020 LM
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Index

   Disclaimer, Auction Information and Terms & Conditions                Page 3

   Property Images                                                       Page 4

   Executive Summary & Key Investment Highlights                         Page 6

   General Information                                                   Page 7

   Locality Information                                                  Page 8

   Property Description                                                  Page 10

   Building Plans                                                        Page 13

   Levy Statement                                                        Page 14

   Rates Statement                                                       Page 15

   Surveyor General Diagram                                              Page 17

                    /AucorProperty             www.aucorproperty.co.za             2
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Disclaimer, Auction Information and
   Terms & Conditions
   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 otherwise
   of Aucor Corporate (Pty) Ltd T/A Aucor Property or the Seller/s or any other person.

   ________________________________________________________________________________________________________

   Auction Information
   Deposit                                         5% of the bid price
   Commission                                      10% plus 15% VAT thereon of the bid price
   Confirmation period                             2 Business Days

   Rules of auction and conditions of sale are available at www.aucorproperty.co.za/

   ________________________________________________________________________________________________________

   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.

                  /AucorProperty               www.aucorproperty.co.za                                             3
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Property Images
   The boundary lines are not drawn to scale and have been drawn for illustrative purposes only
      The boundary lines are not drawn to scale and
      have been drawn for illustrative purposes only

                  /AucorProperty               www.aucorproperty.co.za                            4
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Property Images

                  /AucorProperty               www.aucorproperty.co.za   5
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Executive Summary &
   Key Investment Highlights
   Street Address:                          Waterford Estates Office Park: 28 Sheringham Drive, Maroeldal, Sandton
   GPS Coordinates:                         -26.0254, 27.9879

   Registered Land Size:                    1,212m²
   Zoning:                                  Special' - See the zoning confirmation attached to this brochure
   Assessment Rates & Levies:               R 12 692,61 / month - excluding consumption charges and city levies.

                                            See from page 11 for full detalils
                                            The improvements on the subject property comprise of a double-storey
   Accommodation:
                                            office building with a basement parking.

   Approx. Total Gross Building Area:

   Occupation:                              The property will be sold with vacant occupation on transfer.

                                            Advantageously located in the vibrant economic hub of Fourways
                                            (Witkoppen) with ease of access to Cedar Road and Witkoppen Road -
                                            both of which are major throughfares through the greater Fourways
                                            area.
          Key Investment Highlights:        The prime location in the centre of Fourways allows ease of access to
                                            service offerings including Fourways Mall, Cedar Square, Montecasino,
                                            Fourways Crossing and Life Fourways Hospital, to name a few, all in
                                            very close proximity to the subject property.

   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.

                  /AucorProperty               www.aucorproperty.co.za                                               6
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   General Information
   Street Address                            Unit 28 Sheringham Drive, Waterford Estate - Maroeladal
                                             (Fourways), Johannesburg
   GPS Coordinates                           -26.0254, 27.9879
   ________________________________________________________________________________________________________

   Title Deed Information
   Title Deed Number                         T161098/2007
   Registered Owner                          Phase 2 C D S Inv Pty Ltd
   Title Deed Description                    Erf 729 Maroeladal Ext 27 City of Johannesburg Gauteng
   Registered Erf Size                       1 212m²
   Title Deed Conditions                     A copy of the Title Deed is on hand and will be made available
                                             upon request.
   ________________________________________________________________________________________________________

   Municipality Information
   Municipality         City of Johannesburg Metropolitan Municipality

   Rates and Levies Excluding consumption charges and city levies. Based on the tax invoices for the June
                    2020 billing period. The levy statement is attached to this brochure. Rates invoices are on
                    hand and will be provided to bona fide purchasers upon request.
                                                                                                        2017 / 2018
                 Municipal           Rates                                 2017 / 2018    2017 / 2018
       Erf                                     Exclusion     Rebate                                   Monthly Rates
                 Valuation          Category                                  Tariff    Annual Rates
                                                                                                      (Annual ÷12)
             R            -                                                             R           - R           -
      729    R     7 560 000        Business     N/A          N/A          0,0201470    R 152 311,32 R     12 692,61
             R            -                                                             R           - R           -
                                                               Total Property Rates Payable per Month R    12 692,61
    Note:
    Due to the nature and extents of the improvements spanning all three erven, the properties are, for all intents
    and purposes, valued and invoiced as a single property as is evident from the tax invoice as received from the
    Municipality.
   _________________________________________________________________________________________________________

   Zoning Information
   Zoning'                                 Special' (A copy of the zoning certificate has been requested
                                           and will be provided upon our receipt thereof)
   Amendment Scheme                        To be verified
   Permitted Uses (per amendment scheme) TBC
   Coverage                                TBC
   Floor Area Ratio                        TBC
   Height Restriction                      TBC
   Building Lines                          TBC
   Parking                                 As per scheme*
   *City of Johannesburg Land Use Scheme, 2018 – a copy of the scheme will be made available upon quest.

                   /AucorProperty                www.aucorproperty.co.za                                               7
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Locality Information
   Macro Locality
   The subject property is situated in the sought-after office park known as Waterfall Office Park in the heart of
   an established suburb of Fourways, known as Witkoppen. Witkoppen, as well as the broader Fourways area,
   is a fast developing commercial and residential hub in the north of Johannesburg. The main access routes
   to Fourways are off the N1-highway at the R511/William Nicol Drive, or alternatively along the
   R564/Witkoppen Road. Although Fourways is constantly abuzz with activity, its position on the outskirts of the
   metropolis makes it a gateway to the countryside, abundant with rolling hills and game parks to enjoy both
   the urban offerings and wildlife attractions of Johannesburg. Fourways is bordered by Bryanston to the east
   and south, while Randburg lies to the west. Additionally, Fourways is conveniently located near Sandton,
   which is considered the financial hub of South Africa. The subject property is easily accessed by means of a
   number of major and secondary routes, being advantageously located between Cedar Road and William
   Nicol Drive and in very close proximity to Cedar Square, Fourways Mall, Montecasino and Fourways
   Crossing. GPS coordinates for the sites are as follows: -26.0254, 27.9879

      Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe

                     /AucorProperty                         www.aucorproperty.co.za                                  8
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Locality
   Locality
   Information
               Information
   Micro Locality

                                        Shopping Centre
                             The Buzz

                                                                                    Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe

                  /AucorProperty                          www.aucorproperty.co.za                                                         9
28 Sheringham Drive - Aucor
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Property
   Locality
   Information
               Description
   Approximate Boundaries
           N

                                                                         Image Data: City of Johannesburg GIS

                  /AucorProperty               www.aucorproperty.co.za                                          10
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Property Description
   Accommodation              The subject of properties forms a part of the Waterford Office Park, a well-established
                              business park hosting several full title office buildings of similar design and general
                              configuration.

                              The property comprises a free-standing double storey office building, a parking lot
                              hosting a number of shade-net parking bays and access-controlled basement
                              parking bays.

                              The main entrance is access-controlled and opens onto a core platform that
                              provides a secondary access-controlled entrance to the ground floor office, as well
                              as hosts the staircase leading directly to the access-controlled entrance door of the
                              first-floor office. Each platform includes separate male and female ablution facilities.

                              The two (2) floors feature a similar floorplan, each hosting reception areas,
                              boardrooms, shared office spaces and multiple private offices configured and
                              optimized for a serviced office letting, by way of a combination of dry wall and glass
                              partitioning.

                              The first floor additionally hosts a server room which can be converted to storage or
                              additional office space.

                              Each floor is serviced by a shared kitchenette and ablution facilities, as well as a
                              storeroom and a server room on the first floor.

   ________________________________________________________________________________________________________

   Additional Features        The buildings include the following additional features:

                               •     Multiple access-controlled entrances to the various internally configured
                                     units/office areas
                               •     Covered parking (basement, open and shade-net parking options)
                               •     24/7 Security.
                               •     Air-conditioning units installed in the facility.
                               •     Access to high speed fibre internet
                               •     Fire protection installations including fire hoses and extinguishers throughout
                               •     Convenient coffee shop within the park offering free delivery to offices.
   ________________________________________________________________________________________________________
   Construction               The building is constructed of face brick structural walls with rendered and painted
                              brick wall inset in places under pitched tile roofing.

                  /AucorProperty                www.aucorproperty.co.za                                                  11
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Property Description
   Fixtures and Finishes        Each floor feature generally similar fixtures and finishes. The finishes are a
                                combination of ceramic tile, wood laminate and carpeted flooring under
                                suspended ceiling boards fitted with lightboxes and downlights in places.
   ________________________________________________________________________________________________________
   Utilities                    All services are supplied by the City of Johannesburg Metropolitan Municipality.
   ________________________________________________________________________________________________________
   Gross Lettable Area
                                                            Area Description                  Approx GBA (m²)
                                             Ground floor                                          276,9
                                             First-Floor                                            350
                                                                  Total Gross Building Area         627
                                                                 Areas not included in GBA
                                             Basement Parking                                       73
                                           Notes:
                                           Gross Building Areas are an estimate based on a combination of on-
                                           site and aerial photograph measurements taken along the outer
                                           building walls and includes internal penetrations such as staircases
                                           and platforms, passageways, voids, etc. but excludes balconies.

   ________________________________________________________________________________________________________
   Parking
                                4 x Basement Parking Bays;            6 x Open Bays;                11 x Shade-net Bays
                                Total parking provided: 21 parking bays
   ________________________________________________________________________________________________________
   Perimeter                    The property is located within a secure office park enclosed by a palisade fence
                                topped with electric fencing throughout.
   ________________________________________________________________________________________________________
   Occupation                   The property will be sold with vacant occupation on transfer.
   ________________________________________________________________________________________________________
   Condition                    The building appears to be in good condition and offers excellent curb appeal
                                with ongoing repairs and maintenance required. No structural survey of the
                                buildings has been undertaken nor have tests or inspections of service installations
                                been arranged.
   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.

                   /AucorProperty                     www.aucorproperty.co.za                                                     12
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Building Plans

                  /AucorProperty               www.aucorproperty.co.za   13
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Levy Statement

                  /AucorProperty               www.aucorproperty.co.za   14
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Rates Statement

                  /AucorProperty               www.aucorproperty.co.za   15
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Rates Statement

                  /AucorProperty               www.aucorproperty.co.za   16
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Surveyor General Diagram

                  /AucorProperty               www.aucorproperty.co.za   17
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Surveyor General Diagram

                  /AucorProperty               www.aucorproperty.co.za   18
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

   Surveyor General Diagram

                  /AucorProperty               www.aucorproperty.co.za   19
Offices in Secure Business Park - Maroeladal (Fourways),
Johannesburg

                  /AucorProperty               www.aucorproperty.co.za   20
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