66 & 68 President Street and 65 Eloff Street - Aucor
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Krugersdorp CBD Fully Let Retail in CBD
Krugersdorp GBA – ± 1,252.2m²
66 & 68 President Street and 65 Eloff
Street
Tuesday, 17 March 2020 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg
Paulo Vinhas | 076 151 3390 | PauloV@aucor.com
Version 1: 5 March 2020 NT
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 5
General Information Page 6
Locality Information Page 7
Property Description Page 9
Tenancy/Income Summary Page 12
Rates Statement Page 13
General Plan Diagram Page 16
/AucorProperty www.aucorproperty.co.za 2
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
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
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Property Images
Boundary lines are not to scale and are
drawn for illustrative purposes only
/AucorProperty www.aucorproperty.co.za 4
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Executive Summary &
Key Investment Highlights
Street Address:
66, 68 President Street and 65 Eloff Street - Krugersdorp Central, Krugersdorp
-26.0984, 27.7703 and -26.0981, 27.7705 (to the President & Eloff Street
GPS Coordinates:
entrances respectively)
Erf 934 - 495m²Erf 981 - 495m²Erf 982 - 495m²
Registered Land Sizes:
Combined Land Size - 1,485m²
Zoning: To be verified
Assessment Rates: R6,748.20 / month (excluding consumpt ion charges and cit y levies)
Accommodation: See page 10-11 for full accommodat ion det ails:
he parcel comprises of 3 properties (erven), each improved with a retail
building of similar design and layout.
The buildings on each generally offer open spans, with decent eaves
heights with street front access to each facility via a roller shutter door.
Erven 934 and 982 have a small yard, hosting outbuildings offering various
accommodation including, storage rooms, ablutions and staff facilities
(change rooms/caretaker’s room – as in Erf 981).
Area Description GBA (± m²)
Erf 934
Retail Building 362.7
386.3
Outbuilding 23.6
Erf 981
Retail Building 314.8
363.3
Outbuilding 48.5
Erf 982
Approx. Total Gross Building Area: Retail Building 476.7
502.6
Mezzanine floor 25.9
Total approximate Gross Building Areas 1 252.2
Note:
The Gross Building Area is an estimate based on on-site and aerial
photograph measurements taken along the outside perimeter of built
structures.
Occupation: The property is multi-let. See page 12 for details.
3 Separately lettable retail shops.
Fully let retail facility, generating a gross monthly income of R33,780 per
month.
Key Investment Highlights:
Situated roughly 300m from the local taxi rank.
Good exposure to significant volumes of pedestrian traffic passing through
the area.
Unless otherwise stated, all movables and tenant installed equipment (air-
Exclusions: conditioning units, generators, etc.) are excluded from the sale of this
property.
The Seller will not provide a Certificate of Compliance (COC) in respect of the electrical fittings on the subject
property. Obtaining the COC will thus be for the successful bidder's account.
By bidding on t his propert y, t he purchaser acknowledges t hat he has acquaint ed himself wit h t he ext ent and
t he nat ure of t he propert y he is buying, and t hat he accept s t he propert y as such.
/AucorProperty www.aucorproperty.co.za 5
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
General Information
Street Address 66, 68 President Street and 65 Eloff Street - Krugersdorp Central,
Krugersdorp
GPS Coordinates -26.0984, 27.7703 and -26.0981, 27.7705 (to the President & Eloff
Street entrances respectively)
________________________________________________________________________________________________________
Title Deed Information
Title Deed Number(s) Erf 934 - T13487/2018 Erf 981 - T34873/2018
Erf 982 - T13003/2018
Registered Owner Private person
Title Deed Description Erf 934, Erf 981, Erf 982 Krugersdorp
Registered Land Size Erf 934 - 495m² Erf 981 - 495m²
Erf 982 - 495m²
Combined Land Size - 1,485m²
Title Deed Conditions Copies of the Title Deed are on hand and will be made
available to bona fide purchasers upon request.
________________________________________________________________________________________________________
Municipality Information
Municipality Mogale Local Municipality
Rates Excluding consumption charges and city levies. Based on the
tax invoices as supplied by council to the seller for the February
2020 billing period. See a copy attached to this brochure for
these and other charges.
2019 / 2020
Municipal 2019 / 2020 2019 / 20
Erf Rates Category Rebate Monthly Rates
Valuation Tariff Annual Rates
(Annual ÷12)
1
934 R 820 000 Commercial & Industrial N/A 0.0293400 R 24 058.80 R 2 004.90
981 R 920 000 Commercial & Industrial N/A 0.0293400 R 26 992.80 R 2 249.40
982 R 1 020 000 Commercial & Industrial N/A 0.0293400 R 29 926.80 R 2 493.90
Total Property Assessment Rates Payable / month R 6 748.20
________________________________________________________________________________________________________
Zoning Information
Zoning To be verified
/AucorProperty www.aucorproperty.co.za 6
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Locality Information
Macro Locality
The subject property is located in the CBD of Krugersdorp. The immediate vicinity of the property is
characterised by a variety of commercial developments of varying height and configuration. President
Street is a busy arterial linking the node to the nearby taxi rank and bustling street markets, which generate
significant volumes of traffic in that node. The CBD is host to a number of government customer service
centres and similarly important general amenities servicing the greater Krugersdorp town as a whole. The
subject property and the businesses within this node benefit from exposure to the additional traffic
generated by the presence of these institutions and key service providers. All municipal services are
accessible from the property. GPS coordinates for the the site are as follows:
-26.0984, 27.7703 and -26.0981, 27.7705 (to the President & Eloff Street entrances respectively)
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 7
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Locality
Locality
Information Information
Micro Locality
Sterkfontein
Heritage
Lodge
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 8
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Property
Locality
Information Description
Approximate Boundaries
N
Erf 934
Erf 982
Erf 981
Image Data: CSG; Esri, HERE, Garmin, NGA, USGS
/AucorProperty www.aucorproperty.co.za 9
Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Property Description
Accommodation The parcel comprises of 3 properties (erven), each improved with a retail building
of similar design and layout.
The buildings on each generally offer open spans, with decent eaves heights with
street front access to each facility via a roller shutter door. Erven 934 and 982 have
a small yard, hosting outbuildings offering various accommodation including,
storage rooms, ablutions and staff facilities (change rooms/caretaker’s room – as in
Erf 981).
________________________________________________________________________________________________________
Construction The buildings are constructed of brick wall structural structures under a
combination of corrugated iron and IBR roof sheets
________________________________________________________________________________________________________
Fixtures and Finishes The units have been finished and fitted out according to the specifications and
requirements of the respective tenants.
________________________________________________________________________________________________________
Utilities All utilities such as water & sanitation and electricity are supplied by the Mogale
Local Municipality
________________________________________________________________________________________________________
Gross Building Areas Area Description GBA (± m²)
Erf 934
Retail Building 362.7
386.3
Outbuilding 23.6
Erf 981
Retail Building 314.8
363.3
Outbuilding 48.5
Erf 982
Retail Building 476.7
502.6
Mezzanine floor 25.9
Total approximate Gross Building Areas 1 252.2
Note:
The Gross Building Area is an estimate based on on-site and aerial
photograph measurements taken along the outside perimeter of built
structures.
________________________________________________________________________________________________________
Parking The buildings have access to street front parking along Eloff Street and President
Street respectively
________________________________________________________________________________________________________
Perimeter The perimeter of each property is generally defined by the primary buildings on
each erf along the street boundary and the other boundaries as, well. Erf 934 and
981 enclosed by neighbouring buildings and brick wall fencing in places.
/AucorProperty www.aucorproperty.co.za 10Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Property Description
Occupation The property is multi-let. See page 12 for details.
________________________________________________________________________________________________________
Condition While the building is generally well maintained and offers excellent curb appeal.
No structural survey of the building 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 11Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Tenancy/Income Summary
Period - February 2020
Area Lease Basic Rental Rates and Refuse Gross Rate
Unit Item / Tenant Water Electricity Sewerage Total
Let Term (Monthly) Taxes Removal /m²
Retail Rental
Erf 934 Kruegrsdorp Hardware 386.3 MTM R 12 500.00 R - Recovered Consumption Prepaid Consumption R 12 500.00 R 32.36
Erf 981 G & S Scrappers 363.3 MTM R 9 180.00 R - Recovered Consumption Consumption Consumption R 9 180.00 R 25.27
Erf 982 Mega Sweets 502.6 MTM R 12 100.00 R - Recovered Consumption Prepaid Consumption R 12 100.00 R 24.07
1 252.2 R 33 780.00 R - R - R - R - R - R 33 780.00
Tenancy Summary
Occpied Lettable Area 1 252
Vacant Lettable Area 0
Total GLA 1 252
Not es/Assumpt ions
1. Based on t he represent at ions provided by t he Seller for t he February 2020 billing period.
2. All rent al informat ion present ed above is exclusive of VAT.
3. Rent al Informat ion excludes balances brought forward, deposit charges and similar once-off it ems billed during t his period.
4. Each t enant is liable for t he consumpt ion charges in respect of municipal services ut ilized by each during a given mont h.
Special Not e - The rent al informat ion in t his brochure is not int ended t o const it ut e specific advice nor t o subst it ut e for a due diligence exercise, and accordingly
should not be relied upon t o make a purchase decision. Prospect ive purchasers should make t heir own enquiries and invest igat ion t o confirm pert inent informat ion
and forecast s, and should furt her seek appropriat e independent professional advice in relat ion t heret o from suit ably qualified professionals t o complet e t heir own
due diligence in relat ion t o t he Propert y. 2020/03/05 E & OE
/AucorProperty www.aucorproperty.co.za 12Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Rates Statement
Erf 934
/AucorProperty www.aucorproperty.co.za 13Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Rates Statement
Erf 981
/AucorProperty www.aucorproperty.co.za 14Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
Rates Statement
Erf 982
/AucorProperty www.aucorproperty.co.za 15Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
General Plan Diagram
Extract from General Plan Diagram A2980/1997
/AucorProperty www.aucorproperty.co.za 16Fully Let Retail Centre – Vanderbijlpark CBD, Vanderbijlpark
/AucorProperty www.aucorproperty.co.za 17You can also read
