5 Sapphire Street - Aucor
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Superbia Corporate Disposal - Tenanted Industrial Facility
Polokwane Gross Lettable Area ± 1,840m2 (Seller Supplied)
5 Sapphire Street
Tuesday, 14 July 2020 @ 12h00
Online Webcast Auction
Lael Levy | 073 384 7714 | LaelL@aucor.com
Draft Version: 18 June 2020 NvV
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
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
Lease Summaries Page 16
Projected Annual Income Summary Page 19
Projected Annual Income Page 20
Rent Roll Page 21
Rates Statement Page 22
Surveyor General Diagram Page 23
/AucorProperty www.aucorproperty.co.za 2
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
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 7 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
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Property Images
Polokwane
CBD
/AucorProperty www.aucorproperty.co.za 4
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Property Images
/AucorProperty www.aucorproperty.co.za 5
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Executive Summary &
Key Investment Highlights
Street Address: 5 Sapphire Street - Superbia, Polokw ane
GPS Coordinates: -23.9056, 29.4394
Registered Land Size: 4,852m²
Zoning: To be verified
Assessment Rates: R3,345.42 /month - excluding consumption charges and city levies.
See from page 11 for full accommodation details
The subject site has been improv ed w ith three (3) industrial buildings
and a fourth ancillary building, all of w hich offer a predominantly
Accommodation: rectangular footprint. The industrial buildings hav e currently been
configured to accommodate tw o (2) industrial units each. One of the
buildings has additionally been improv ed to include office
components on either side of the building.
Area Description GBA (± m²)
Building 1 (Sapphire Street facing) 581
Building 2 (centre building) 660
Building 3 (along southern property perimeter) 660
Building 4 (ablutions and caretaker rooms) 55
Approx. Total Gross Building Area:
Total Approximate Gross Building Area 1 955
Notes
The Gross Building Areas (GBA) are based on a combination of approved building
plans, on-site and aerial photograph measurements taken along the outer building
walls, and include internal penetrations such as passageways and staircases.
Area Description GLA (± m²)
Unit 0001 212
Unit 0002 / 5 & 7 630
Unit 0003 224
Approx. Total Gross Lettable Area: Unit 0004 424
Unit 0006 350
Total Approximate Gross Lettable Area 1 840
Notes
The Gross Lettable Area (GLA) is Seller supplied.
The property is fully let w ith ongoing lease agreements in place. See
Occupation:
from page 16 for details.
Three (3) neat industrial buildings comprising tw o (2) lettable industrial
units per building.
Flexible internal layout in each unit allow ing for a v ariety of uses, w ith
excellent eav es height of betw een ± 4.5m to 5.7m
Prime industrial stand in an established industrial suburb, just off Nelson
Mandela Driv e - a main arterial connecting the are to the nearby R101
Key Investment Highlights:
(extending onto the N1 highw ay in the w est tow ards Pretoria /
Johannesburg).
The location in close proximity to the bustling Nelson Mandela Driv e
and Rissik Street intersection allow s for ample v ehicular and
pedestrian traffic in and around the area.
Projected First Year Nett I ncome of ±R710,000.00.
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
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
General Information
Street Address 5 Sapphire Street - Superbia, Polokwane
GPS Coordinates -23.9056, 29.4394
________________________________________________________________________________________________________
Title Deed Information
Title Deed Number T11671/2018
Registered Owner Moolgem (Pty) Ltd
Title Deed Description Portion 5 of Erf 5713, Pietersburg Extension 13
Registered Land Size 4,852m²
Title Deed Conditions A copy of the Title Deed is on hand and will be made available
to bona fide purchasers upon request.
Servitudes The property is subject to a servitude for sewerage and other
Municipal purposes in favour of the local authority, 2m wide
along any one of its boundaries, other than a street boundary,
as determined by the local authority.
________________________________________________________________________________________________________
Municipality Information
Municipality Polokwane Local Municipality
Rates Excluding consumption charges and city levies. Based on the
Tax Invoice for the February 2020 billing period - see a copy
attached to this brochure for these and other charges.
2019/ 2020
Municipal Rates 2019 / 2020 2019 / 2020
Exclusion Rebate Monthly Rates
Valuation Category Tariff Annual Rates
(Annual ÷12)
R 3 700 000 Commercial N/A N/A 0,0108500 R 40 145,00 R 3 345,42
________________________________________________________________________________________________________
Zoning Information
Zoning To be verified
/AucorProperty www.aucorproperty.co.za 7
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Locality Information
Macro Locality
The subject property is situated in the heart of one of the originally established Industrial suburbs of Polokwane,
known as Superbia. The site is situated at 5 Sapphire Street, just south-west of the Nelson Mandela Drive and West
/ Rissik Street intersection – both of which are regarded as major arterial roads connecting the industrial suburb to
the nearby R101 highway that provides access to the Polokwane CBD in the east and extends onto the N1-
highway in the west. The property is considered to be well located for local convenience purposes, as well as for
distribution purposes with good road exposure and accessibility due to its location in close proximity to the said
Nelson Mandela Road. Polokwane is situated in the heart of the Limpopo Province, being the primary city centre
for all major commercial trade and provincial administrative functions for the province. The area is well serviced
by various primary and secondary roads. All general amenities/conveniences are located in the area as are all
services. GPS coordinates for the site are as follows: -23.9056, 29.4394
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 8
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Locality
Locality
Information Information
Micro Locality
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
Polokwane
CBD
/AucorProperty www.aucorproperty.co.za 9
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Property
Locality
Information Description
Approximate Boundaries
N
Image Data: Chief Surveyor General (CSG) Spatial Data
Note: Boundary lines may seem distorted due to the
photographic angle at which the image was taken.
/AucorProperty www.aucorproperty.co.za 10Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Property Description
Accommodation See Building Plans from page 13.
The subject site has been improved with three (3) industrial buildings and a fourth
ancillary building, all of which offer a predominantly rectangular footprint. The
industrial buildings have currently been configured to accommodate two (2)
industrial units each. One of the buildings has additionally been improved to
include office components on either side of the building.
Building 1, located along the northern property perimeter and facing Sapphire
Street, has been configured to accommodate two (2) tenants. Although similar in
basic design, which includes a warehouse component and identical office
component, the warehouses differ in size. The office components each includes
various offices, storerooms and filing rooms, as well as a kitchen and ablution
facility. The warehouses feature open floor plans throughout.
Buildings 2 and 3 are identical in size and similarly have been configured into three
(3) lettable units, of which the sizes of the different units differ throughout. Most of
the units are currently interconnected and configured to be occupied by a single
tenant. Most of the units include their own ablution facilities, with some units that
have further been improved with drywalled offices and/or storerooms and
kitchenettes.
The ancillary building features additional ablution facilities for on-site staff and
visitors, and includes rooms for caretakers and/or on-site staff.
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Additional Features The property includes the following additional features:
• Varying eave heights throughout ranging between ± 4.5m to 5.7m;
• Multiple roller shutter doors to each unit for ease of distribution and/or delivery;
• Safety and security features such as cameras in most units;
• Fire safety equipment, including fire hoses and extinguishers, fitted throughout.
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Construction All the buildings are constructed of a steel superstructure supported by a
combination of structural brick walls, rendered and painted walls and IBR wall
sheets extending from the IBR roof. Units feature extensive alluminium framed
windows, construing large sections of the building façades.
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Fixtures and Finishes The units predominantly offer concrete / power floated flooring, with a
combination of ceramic tiling and carpets in the office components. Walls are
predominantly exposed face brick with rendered and painted, as well as exposed
IBR sheets in places. Ceilings are insulated throughout with gypsum ceiling boards
fitted in the office components.
/AucorProperty www.aucorproperty.co.za 11Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Property Description
Gross Building Areas Area Description GBA (± m²)
Building 1 (Sapphire Street facing) 581
Building 2 (centre building) 660
Building 3 (along southern property perimeter) 660
Building 4 (ablutions and caretaker rooms) 55
Total Approximate Gross Building Area 1 955
Notes
The Gross Building Areas (GBA) are based on a combination of approved building
plans, on-site and aerial photograph measurements taken along the outer building
walls, and include internal penetrations such as passageways and staircases.
________________________________________________________________________________________________________
Gross Lettable Areas Area Description GLA (± m²)
Unit 0001 212
Unit 0002 / 5 & 7 630
Unit 0003 224
Unit 0004 424
Unit 0006 350
Total Approximate Gross Lettable Area 1 840
Notes
The Gross Lettable Area (GLA) is Seller supplied.
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Parking & Yard No designated parking bays are provided. Ample yard space is available for on-
site parking and maneuvering.
The unimproved yard is predominantly covered with gravel, with remnants of
asphalt paving still visible in places.
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Perimeter The Sapphire Street front is bounded by painted steel palisade fencing fitted with
two (2) manual steel sliding gates. The remainder of the property is enclosed by
means of prefabricated concrete slab walls.
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Utilities The property is connected to all major municipal services as supplied by Council
with water, electricity and sewerage being separately metered and recovered on
a monthly basis.
________________________________________________________________________________________________________
Occupation The property is fully let with ongoing lease agreements in place. See from page 16
for details.
________________________________________________________________________________________________________
Condition The property is regarded to be in generally fair condition with ongoing repairs and
maintenance required. We have not undertaken a structural survey of the
buildings nor have we arranged for tests or inspections of the service installations,
but these appear to be in working order.
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 12Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Building Plans
Building 1 (Sapphire Street facing)
/AucorProperty www.aucorproperty.co.za 13Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Building Plans
Building 2 (centre building)
/AucorProperty www.aucorproperty.co.za 14Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Building Plans
Building 3 (along southern property perimeter)
/AucorProperty www.aucorproperty.co.za 15Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Lease Summaries
These lease summaries should not be relied upon in isolation and should be read in conjunction with the executed lease
documents, copies of which are on hand and will be made available to bona fide prospective purchasers upon request.
________________________________________________________________________________________________________
Lease 1
Tenant Humbulani Innocent Khuba t/a Awake Grace Ministries
Rentable Area Unit 0001 - ±212m²
Start Date 1 August 2017
Expiry Date 31 July 2020
Renewal Period 24 Months
Escalation Rate 8% per annum
Monthly Rental (excl VAT)* R6,429.20 per month.
Other Charges *See Note 1
Key Clauses Clause 16 – ‘Purposes for which premises are let’ for church services and for
no other purpose whatsoever.
Clause 24 – ‘Specification’: The Lessee hires the premises in its present form
and condition and will reinstate the premises to a clean empty shell, if and
when vacating the premises.
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Lease 2
Tenant Coricraft Group (Pty) Ltd t/a Coricraft
Rentable Area Warehouse 2, 5 and 7 – ±630m²
Start Date 1 April 2015
Expiry Date 31 March 2021*
Renewal Period N/A
Escalation Rate 8% per annum**
Monthly Rental (excl VAT) R22,892.02 pe month
Other Charges *See Note 1
Key Clauses Clause 16 – ‘Purposes for which premises are let’ for furniture storage and
distribution and furniture assembly, repairs and occasional clearance and for
no other purpose whatsoever.
Notes *Additional Seller supplied information indicates that the lease has been
renewed for an additional renewal period of three (3) years, ending
31/03/2021. This latest addendum has been requested and will be made
available upon our receipt thereof.
**As per original lease agreement. It appears from the Seller supplied
Tenancy Schedule for the June 2020 billing period that the escalation rate
has been negotiated to 7% for the latest renewal period (1/04/2018 –
31/03/2021).
/AucorProperty www.aucorproperty.co.za 16Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Lease Summaries
These lease summaries should not be relied upon in isolation and should be read in conjunction with the executed lease
documents, copies of which are on hand and will be made available to bona fide prospective purchasers upon request.
_______________________________________________________________________________________________________
Lease 3
Tenant NNT Pipes (Pty) Ltd t/a NNT Pipes
Rentable Area Warehouse 0003 – ±224m²
Start Date 1 June 2018
Expiry Date 31 May 2021
Renewal Period N/A
Escalation Rate 8% per annum.
Monthly Rental (excl VAT) R8,381.32
Other Charges *See Note 1
Key Clauses ‘Purposes for which premises are let’ to conduct the business of steel work,
storage and office administration and for no other purpose whatsoever.
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Lease 4 – Addendum to Lease
Tenant Nictus Meubels (Pty) Ltd
Rentable Area Warehouse 004 – ±424m²
Start Date 1 August 2018 – start of first renewal period
Expiry Date 31 July 2021**
Renewal Period Three (3) years
Escalation Rate 7% per annum.
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/08/01 2020/07/31 R 16 986,43 R 40,06
424
2020/08/01 2021/07/31 R 18 175,48 R 42,87
Other Charges *See Note 1
**Notes The lease indicates that, after expiry of 1 (one) year [of the renewal period],
either party may cancel the Lease Agreement by giving 60 days’ written
notice.
__________________________________________________________________
/AucorProperty www.aucorproperty.co.za 17Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Lease Summaries
These lease summaries should not be relied upon in isolation and should be read in conjunction with the executed lease
documents, copies of which are on hand and will be made available to bona fide prospective purchasers upon request.
_______________________________________________________________________________________________________
Lease 5 – Addendum to Lease
Tenant Auto Waden Services CC
Rentable Area Warehouse 0006 – ±350m²
Start Date 1 June 2017 – start of first renewal period
Expiry Date 31 May 2020**
Renewal Period Three (3) years
Escalation Rate 6% per annum.
Monthly Rental (excl VAT) R10,421.39 per month
Other Charges *See Note 1
**Note The renewal period ended 31 May 2020, however the Seller supplied
tenancy schedule and invoice(s) for the month of June 2020 indicates that
the tenant is still occupying the premises and paying the same rental. A
copy of this current agreement and/or addendum has been requested and
will be verified and made available upon our receipt thereof.
___________________________________________________________________________________________________________________________
Additional Notes:
Where indicated, the lease agreements are similarly subject to the following key clauses and charges, as included in the
relevant lease agreements, unless otherwise stated in the different summaries:
*Note 1:
Other Charges All tenants shall be liable for all charges for electricity, water and sanitation,
refuse, waste removal, gas and services consumed on the premises, and any
levies and charges relating to services provided by any competent authority
in respect of the Premises whether metered or not (if not separately metered
then the Lessees shall pay its pro rata share of such consumption charges),
as well as proportionate share of common area services, air-conditioning
consumption (water & electricity) and air-conditioning repairs and
maintenance.
The Lessees shall also be liable for their pro-rata shares of the actual, as well
as increases in any rates and taxes, fees, charges, levies or any other imposts
by Government.
**Other Notes: The rentable areas included in these summaries are as indicated on the
relevant lease documents. However, the units, as numbered on the Rental
and Income Summaries in this brochure, are based on the unit numbers as
per the Seller supplied Rent Roll and Tenancy Schedule.
/AucorProperty www.aucorproperty.co.za 18Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Projected Annual Income - Summary
Projected Gross Annual Income - August 2020 to July 2021
Approx. Area /
Unit Item / Tenant Expiry Date Esc Basic Rent Total
Units
0001 Awake Grace Ministries 2020/07/31 8,0% R 30,33 212 R 83 322
0002 / 5&7 Coricraft Group 2021/03/31 7,0% R 36,34 630 R 281 114
0003 NNT Pipes 2021/05/31 8,0% R 37,42 224 R 101 917
0004 Nictus 2021/07/31 7,0% R 40,06 424 R 218 106
0006 Auto Waden Services 2020/05/31 6,0% R 29,78 350 R 126 307
1 840 R 810 766
Other Income (excluding consumption charges recoveries)
Rates and Taxes Recovery R 38 025
R 38 025
Total Estimated Income (excluding consumption charges) R 848 791
Expenses (excluding consumption charges)
Item / Tenant Total
Rates and Taxes Expenses (R 40 145)
Operating Expenses* (R 53 941)
Maintenance (R 32 400)
Sundries (R 1 500)
Insurance (R 10 530)
Total Estimated Expenses (excluding consumption charges) (R 138 516)
POTENTIAL FIRST YEAR NET INCOME R 710 275
Notes/Assumptions:
1. The Basic rent, Escalation rate and the approximate area of the unit are as extracted from information as supplied by
the Seller.
2. All information as supplied and projected above has been verified to the relevant lease agreement, copies of which are on
hand and will be made available upon request thereof.
3. All amounts represented above are exclusive of VAT.
4. The Tenants are liable for all consumption and utility charges, as well as the refuse removal (fully recovered per month) and
a proportionate share of the property assessment rates and increases.
5. Expenses are based on the Seller Supplied income statement for the 01/10/2019 to 31/05/2020 billing period and can
include either fixed monthly costs, variable monthly costs and/or budget amounts and are therefore subject to change and
only included for projection and/or indicative purposes.
6. Provision is not made for any increases and/or variances in any expense items and are as supplied by the Seller for
projection and/or indicative purposes only.
7. Where lease agreements of tenants expire and/or have expired during the projection period it has been assumed, for the
purposes of this projection, that the tenants will exercise their rights to renew and/or continue on the same principles and
escalations as in the original lease agreements. Where agreements will expire and/or have already expired, information on
renewals and/or extensions have been requested from the Seller and will be verified and made available upon our receipt
thereof.
8. The expiry dates and escalations included above are as per the seller supplied Tenancy Schedule and may differ slightly
from some of the Lease Agreements, with some reductions in escalations after renewal, as well as some units renewed with
the addendum to the lease not on hand to be verified. For details, view the Lease Summaries section of this brochure -
information and clarification has been requested from the seller and will be made available upon our receipt thereof.
* Other Operating Expenses comprise of cleaning service contracts, meter reading fees, property management fees and
garden contract - as supplied by the Seller.
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 Date:
make their own enquiries and investigation to confirm pertinent information and forecasts, and should further seek 18-June-2020
appropriate independent professional advice in relation thereto from suitably qualified professionals to complete their own E & OE
due diligence in relation to the Property.
/AucorProperty www.aucorproperty.co.za 19Projected Gross Annual Income - August 2020 to July 2021
Approx. Area /
Unit Item / Tenant Expiry Date Esc Basic Rent Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Total
Units
0001 Awake Grace Ministries 2020/07/31 8,0% R 30,33 212 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 6 944 R 83 322
0002 / 5&7 Coricraft Group 2021/03/31 7,0% R 36,34 630 R 22 892 R 22 892 R 22 892 R 22 892 R 22 892 R 22 892 R 22 892 R 22 892 R 24 494 R 24 494 R 24 494 R 24 494 R 281 114
0003 NNT Pipes 2021/05/31 8,0% R 37,42 224 R 8 381 R 8 381 R 8 381 R 8 381 R 8 381 R 8 381 R 8 381 R 8 381 R 8 381 R 8 381 R 9 052 R 9 052 R 101 917
0004 Nictus 2021/07/31 7,0% R 40,06 424 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 18 175 R 218 106
0006 Auto Waden Services 2020/05/31 6,0% R 29,78 350 R 10 421 R 10 421 R 10 421 R 10 421 R 10 421 R 10 421 R 10 421 R 10 421 R 10 421 R 10 421 R 11 047 R 11 047 R 126 307
1 840 R 66 814 R 66 814 R 66 814 R 66 814 R 66 814 R 66 814 R 66 814 R 66 814 R 68 416 R 68 416 R 69 712 R 69 712 R 810 766
Other Income (excluding consumption charges recoveries)
Rates and Taxes Recovery R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 38 025
R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 3 169 R 38 025
/AucorProperty
Total Estimated Income (excluding consumption charges) R 69 983 R 69 983 R 69 983 R 69 983 R 69 983 R 69 983 R 69 983 R 69 983 R 71 585 R 71 585 R 72 881 R 72 881 R 848 791
Expenses (excluding consumption charges)
Item / Tenant Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Total
Rates and Taxes Expenses (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 3 345) (R 40 145)
Operating Expenses* (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 4 495) (R 53 941)
Maintenance (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 2 700) (R 32 400)
Sundries (R 125) (R 125) (R 125) (R 125) (R 125) (R 125) (R 125) (R 125) (R 125) (R 125) (R 125) (R 125) (R 1 500)
Insurance (R 877) (R 877) (R 877) (R 877) (R 877) (R 877) (R 877) (R 877) (R 877) (R 877) (R 877) (R 877) (R 10 530)
Total Estimated Expenses (excluding consumption charges) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 11 543) (R 138 516)
POTENTIAL FIRST YEAR NET INCOME R 710 275
Notes/Assumptions:
1. The Basic rent, Escalation rate and the approximate area of the unit are as extracted from information as supplied by the Seller.
2. All information as supplied and projected above has been verified to the relevant lease agreement, copies of which are on hand and will be made available upon request thereof.
3. All amounts represented above are exclusive of VAT.
4. The Tenants are liable for all consumption and utility charges, as well as the refuse removal (fully recovered per month) and a proportionate share of the property assessment rates and increases.
5. Expenses are based on the Seller Supplied income statement for the 01/10/2019 to 31/05/2020 billing period and can include either fixed monthly costs, variable monthly costs and/or budget amounts and are therefore subject to change and only
included for projection and/or indicative purposes.
6. Provision is not made for any increases and/or variances in any expense items and are as supplied by the Seller for projection and/or indicative purposes only.
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
7. Where lease agreements of tenants expire and/or have expired during the projection period it has been assumed, for the purposes of this projection, that the tenants will exercise their rights to renew and/or continue on the same principles and
escalations as in the original lease agreements. Where agreements will expire and/or have already expired, information on renewals and/or extensions have been requested from the Seller and will be verified and made available upon our receipt thereof.
8. The expiry dates and escalations included above are as per the seller supplied Tenancy Schedule and may differ slightly from some of the Lease Agreements, with some reductions in escalations after renewal, as well as some units renewed with the
www.aucorproperty.co.za
addendum to the lease not on hand to be verified. For details, view the Lease Summaries section of this brochure - information and clarification has been requested from the seller and will be made available upon our receipt thereof.
* Other Operating Expenses comprise of cleaning service contracts, meter reading fees, property management fees and garden contract - as supplied by the Seller.
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
Projected Annual Income
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 Date: 2020/06/18 E & OE
in relation to the Property.
20Area Basic Rental Refuse
Unit Item / Tenant Rates & Taxes Water Electricity Sewerage Total Gross Rate /m²
Let (Monthly) Removal
0001 Awake Grace Ministries 212 R 6 429,20 R 385,45 R 30,56 R 1 436,15 R 162,04 R 259,82 R 8 703,22 R 30,33
0002 / 5&7 Coricraft Group 630 R 22 892,02 R 968,77 R 70,69 R 2 919,84 R 374,86 R 772,10 R 27 998,28 R 36,34
0003 NNT Pipes 224 R 8 381,32 R 407,27 R 50,85 R 1 444,71 R 171,18 R 274,53 R 10 729,86 R 37,42
0004 Nictus 424 R 16 986,43 R 770,92 R 53,10 R 1 587,84 R 324,08 R 519,64 R 20 242,01 R 40,06
0006 Auto Waden Services 350 R 10 421,39 R 636,35 R 190,96 R 1 534,90 R 267,54 R 428,95 R 13 480,09 R 29,78
1 840 R 65 110,36 R 3 168,76 R 396,16 R 8 923,44 R 1 299,70 R 2 255,04 R 81 153,46
Rent Roll
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Property Totals: Gross Monthly Income Totals:
Occupied Lettable Area 1 840 Basic Rental Income / month R65 110,36
Vacant Lettable Area 0 Consumption Recoveries / charges (June '19) R16 043,10
Total GLA 1 840 Total: R81 153,46
Notes/Assumptions
1. Based on the Rent Roll as supplied by the Seller for the June 2020 billing period.
June 2020 – Seller Supplied
2. All rental information presented above is exclusive of VAT.
3. Rental Information excludes balances brought forward, interest on arrears, deposit charges and similar once-off items billed during this period.
4. Where units include and/or are charged for more than one meter for a service, these meters / amounts have been combined and only the total amount(s) are represented above.
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.
Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
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21Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Rates Statement
February 2020 Billing Period
/AucorProperty www.aucorproperty.co.za 22Tenanted Industrial Facility in Prime Location –– Superbia, Polokwane
Surveyor General Diagram
S.G. No. A2273/1974
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