7 Harold Flight Road - Aucor
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Jet Park Fully Tenanted Industrial Facility
Boksburg Gross Lettable Area ±1.0209ha/10,209m2 (Seller Supplied)
7 Harold Flight Road
Tuesday, 17 March 2020 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg
Warren Aronson | 082 529 1020 | WarrenA@aucor.com
Draft Version 1: 5 March 2020 NvV
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
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
Lease Summaries Page 13
Projected Annual Income Summary Page 15
Projected Annual Income Page 16
Rent Roll Page 17
Rates Statement Page 18
Zoning Information Page 20
General Plan Diagram Page 22
Surveyor General Diagram Page 23
/AucorProperty www.aucorproperty.co.za 2
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
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 close to O.R. Tambo Airport –– Jet Park, Boksburg
Property Images
/AucorProperty www.aucorproperty.co.za 4
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Property Images
/AucorProperty www.aucorproperty.co.za 5
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Executive Summary &
Key Investment Highlights
Street Address: 7 Harold Flight Road - Jet Park, Boksburg
GPS Coordinates: -26.1570, 28.2224
Registered Land Size: 1.5254ha/15,254m²
Zoning: "I ndustrial 1" - See zoning confirmation attcahed to this brochure
R12,832.21 /month - excluding consumption charges and city
Assessment Rates:
levies.
See from page 12 for full accommodation details
I mprov ements on the subject property feature a large industrial
building w ith a rectangular footprint, configured to host three
industrial units. The current structure is the result of v arious
additions that w ere done ov er the years to the original w orkshop
Accommodation:
w ith office component. The units all feature a predominantly
rectangular layout and v ary in sizes of 5,820m², 1,850m² and
2,539m², respectiv ely w ith heights of units ranging from single
storey w arehousing to double and three storey offices and
w arehouses.
Approx. Total Gross Lettable Area: 10,209m²/1.0209ha (Seller Supplied)
Occupation: The property is multi-let. See from page 13 for details .
Flex industrial facility currently configured to host three (3)
tenanted units.
The configuration and layout of the building and different units
allow for a v ariety of uses and reconfiguration to accommodate
additional and/or less tenants, w ith good eav e heights ranging
Key Investment Highlights: betw een ±3.5m to ±8m .
Excellent distribution potential w ith a prime location betw een the
R21, R24 and N12 highw ays.
The locality offers easy access to the nearby R21 highw ay v ia the
Griffiths Road on- and offramps.
Adv antageously located just south of the O.R. Tambo I nternational
Airport.
Projected Gross Annual I ncome of ±R3,3mil (incl Rates and refuse
remov al recov eries).
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 close to O.R. Tambo Airport –– Jet Park, Boksburg
General Information
Street Address 7 Harold Flight Road - Jet Park, Boksburg
GPS Coordinates -26.1570, 28.2224
________________________________________________________________________________________________________
Title Deed Information
Title Deed Number T44555/2016
Registered Owner Cumulative Properties Ltd.
Title Deed Description Erf 84, Jet Park Extension 5
Registered Land Size 1.5254ha/15,254m²
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, 2m wide, in favour of the
local authority for sewerage and other municipal purposes
along any two boundaries other than a street boundary.
________________________________________________________________________________________________________
Municipality Information
Municipality City of Ekurhuleni Metropolitan Municipality
Rates Excluding consumption charges and city levies. Based on the
Tax Invoice for the December 2019 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 5 855 000 I ndustrial N/A N/A 0,0263000 R 153 986,52 R 12 832,21
________________________________________________________________________________________________________
Zoning Information
Zoning Industrial 1 - see zoning confirmation attached to this brochure.
Permitted Uses "Industries, Offices, Commercial purposes, Showrooms, Motor
dealers, Panel beaters, Builder's yards, Service industries, Fitment
centres, Motor workshops, Light Industries, Auctioneers".
Coverage Restriction 70%/10,677.8m² or 1.06778ha
Height Restriction Two (2) storeys
Floor Area Ratio N/A
Building Lines 6m from street boundaries, 0m all other boundaries
Parking Requirements As per scheme
* In terms of the Ekurhuleni Town Planning Scheme, 2014 - a copy is on hand and will be made available upon request.
/AucorProperty www.aucorproperty.co.za 7
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Locality Information
Macro Locality
The subject property is situated at 7 Harold Flight Road in an established industrial suburb known as Jet Park. Jet
Park is located in an important industrial node of Ekurhuleni hosting a number of blue-chip companies across a
broad spectrum of industries. Located conveniently close to the nearby Rietfontein Interchange, access to the
N12, R24 and R21 highways is considered easy from the subject property. Access to the nearby OR Tambo and
the surrounding logistics hub in the immediate vicinity of the airport, is thus also considered easy. All major
amenities are available in the surrounding suburbs in the immediate vicinity of the locality, whilst all municipal
services are available in the suburb itself. GPS coordinates for the property are as follows: -26.1570, 28.2224
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 8
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Locality
Locality
Information Information
Micro Locality
Jurgenspark
Jet Park
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 9
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Property
Locality
Information Description
Approximate Boundaries
N
Image Data: City of Ekurhuleni GIS Online Map Viewer
/AucorProperty www.aucorproperty.co.za 10Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Property Description
Accommodation Improvements on the subject property feature a large industrial building with a
rectangular footprint, configured to host three industrial units. The current structure
is the result of various additions that were done over the years to the original
workshop with office component. The units all feature a predominantly rectangular
layout and vary in sizes of 5,820m², 1,850m² and 2,539m², respectively with heights
of units ranging from single storey warehousing to double and three storey offices
and warehouses.
The eastern side of the building is currently configured to accommodate two (2)
industrial units (Unit 1 and Unit 2). The building offers various adjoining workshops
with offices and ablutions that are housed in a double storey component along
the northern perimeter of the building. The workshop and warehouse areas feature
predominantly open spans of warehouse space with some mezzanine offices in
places.
The western side of the building (Unit 3) offers industrial accommodation on three
levels including a lower ground floor (basement) area, first floor (upper ground
floor) area and a second floor. The unit comprises a ground floor reception area
leading up to the first-floor office component, accessible from the Harold Flight
Street front. The office area features predominantly open floor spans that have
been configured into various sized offices, boardrooms and storerooms via drywall
partitioning. Kitchen with staff lounge and ablution facilities are also present. The
warehouse component offers open spans of warehouse space on a mezzanine
first floor, as well as a split-level ground floor and lower basement warehouse
section with eave heights ranging between ±3.5m to ±8m.
All units are accessible via both Harold Flight Road (predominantly office
components), as well as Webb Road (predominantly warehouse/workshop
access).
________________________________________________________________________________________________________
Additional Features The property includes the following additional features:
• Max 100kg goods lift (Unit 1) – ownership to be verified
• Excellent eave heights throughout (ranging between ±3.5m to ±8m)
• Safety and security installations including cameras, alarms, access control and
various steel burglar bars and security gates
• Multiple roller shutter gates fitted to each warehouse component
• Parking canopy along the northern perimeter, adjacent to Unit 3
• Fire safety equipment installed throughout including fire extinguishers and
hoses.
________________________________________________________________________________________________________
/AucorProperty www.aucorproperty.co.za 11Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Property Description
Construction The extensive building is predominantly constructed of a concrete framed super
steel structure with some vertical IBR cladding extending from the saw tooth roof of
IBR sheeting.
________________________________________________________________________________________________________
Fixtures and Finishes The different units predominantly offer smooth concrete flooring in the
warehouse/workshop component(s), with ceramic tiling and carpets in the
different office components and wood floor plates in places. Walls are
predominantly plastered and painted brick walls throughout with exposed IBR
sheets visible in places. Office partitions are constructed of drywalling. Glazed steel
window frames are fitted throughout. The roofing fitted to the
warehouse/workshop components include vertical window inserts and translucent
panels for additional natural lighting in the warehouses.
________________________________________________________________________________________________________
Gross Lettable Areas ±10,209m²/1.0209ha (Seller Supplied)
________________________________________________________________________________________________________
Parking & Yard Parking is predominantly available along the street fronts (both Webb Street and
Harold Flight Road). Approximately eight (8) designated parking bays are provided
for Unit 1 (accessible from a steel sliding gate situated in Harold Flight Road). The
yard space for Unit 3, accessible via an automated steel access gate from Harold
Flight Road, has been fitted with an extensive parking canopy. Limited additional
yard space is available for more parking.
The yard comprises predominantly interlock brick paving with some sections
covered in concrete paving. Landscaped gardens and grasses cover the majority
of the Harold Flight Road street front.
________________________________________________________________________________________________________
Utilities The property is connected to all services, as supplied by the City of Ekurhuleni
Metropolitan Municipality such as water. Electricity, sewerage and refuse removal.
Services and utilities appear to be separately metered for the various units and
recovered from the tenants on a monthly basis.
________________________________________________________________________________________________________
Occupation The property is multi-let. See from page 13 for details.
________________________________________________________________________________________________________
Condition The property requires ongoing repairs and maintenance. 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 close to O.R. Tambo Airport –– Jet Park, Boksburg
Lease Summaries
The lease information summarized below has been extracted from the tenancy schedule, as well as from representations made
by representatives of the Seller. The relevant lease agreements, clearly outlining the terms and conditions of the tenancies have
been requested and upon our receipt thereof, these conditions will be verified and updated accordingly, if required.
________________________________________________________________________________________________________
Lease 1
Tenant Chemgrit SA (Pty) Ltd
Rentable Areas (Seller supplied) OF0002 - ±450m²; OF0004 - ±52m²; OF0005 - ±4,100m²
Total Combined: 4,602m²
Original Occupation Date 1 August 2015
Expiry Date 31 July 2022
Renewal Period TBC
Escalation Rate 8% per annum
Monthly Rental (excl VAT)* From To Area (m²) Basic Rental Gross Rate / m²
2019/07/01 2020/06/30 R 144 002,31 R 31,29
2020/07/01 2021/06/30 R 155 522,49 R 33,79
4 602
2021/07/01 2022/06/30 R 167 964,29 R 36,50
2022/07/01 - R 181 401,44 R 39,42
Additional Charges See General Notes 1**
*Notes Although the lease period is indicated from 1 August 2015 to 31 July 2022, it
seems from the Seller supplied tenancy schedule that increases, in fact,
occur annually on the 1st of July. The lease agreement has been requested
and the exact escalation date will be verified. For the purposes of this
projection the increases are dated 1st of July, annually.
_______________________________________________________________________________________________________
Lease 2
Tenant Chemgrit SA (Pty) Ltd
Rentable Area (Seller supplied) OF0006 - ±1,218m²
Original Occupation Date 1 April 2018*
Expiry Date 30 June 2022
Renewal Period TBC
Escalation Rate 8% per annum.
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/07/01 2020/06/30 R 22 362,48 R 18,36
2020/07/01 2021/06/30 1 218 R 24 151,48 R 19,83
2021/07/01 2022/06/30 R 26 083,60 R 21,42
Additional Charges See General Notes 1**
*Notes It is understood that the original lease period commenced on 1 April 2018 up
until 30 June 2019, upon which the annual escalation commenced from 1
July 2019 and is indicated to continue on such annual dates.
_______________________________________________________________________________________________________
/AucorProperty www.aucorproperty.co.za 13Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Lease Summaries
The lease information summarized below has been extracted from the tenancy schedule, as well as from representations made
by representatives of the Seller. The relevant lease agreements, clearly outlining the terms and conditions of the tenancies have
been requested and upon our receipt thereof, these conditions will be verified and updated accordingly, if required.
________________________________________________________________________________________________________
Lease 3
Tenant Cure-Chem South Africa (Pty) Ltd.
Rentable Area (Seller supplied) OF0007 – ±1,850m²
Start Date 1 October 2018
Expiry Date 30 September 2021
Renewal Period TBC
Escalation Rate 7.5% per annum
Monthly Rental (excl VAT)
From To Area (m²) Basic Rental Gross Rate / m²
2019/10/01 2020/09/30 R 32 237,64 R 17,43
1 850
2020/10/01 2021/09/30 R 34 655,46 R 18,73
Additional Charges See General Notes 1**
________________________________________________________________________________________________________
Lease 4
Tenant Quantum Line Group (Pty) Ltd.
Rentable Area (Seller supplied) OF0008 – ±1,370m²; OF0009 – ±1,169m²
Total Combined: ±2,539m²
Start Date 1 November 2017
Expiry Date 31 October 2022
Renewal Period TBC
Escalation Rate 10% per annum
Monthly Rental (excl VAT) Gross Rate / m²
From To Area (m²) Basic Rental
2019/11/01 2020/10/31 R 61 443,80 R 24,20
2020/11/01 2021/10/31 2 539 R 67 588,18 R 26,62
2021/11/01 2022/10/31 R 74 347,00 R 29,28
Additional Charges See General Notes 1**
_______________________________________________________________________________________________________
General Notes
Where indicated, it is understood that all tenants are similarly subject to the following key clauses and charges, unless
otherwise stated in the different summaries:
_______________________________________________________________________________________________________
**Note 1:
Other Charges It is understood that the Lessees are responsible for the payment of the
increases in rates & taxes, as well as the payment of refuse removal. All costs
relating to utilities consumed by each tenant are also recovered on a
monthly basis.
/AucorProperty www.aucorproperty.co.za 14Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Projected Annual Income - Summary
Annual Income Projections - June 2020 to May 2021
Approx. Area /
Premises Item / Tenant Expiry Date Esc Basic Rent Total
Units
OF0002, OF0004 &
Chemgrit SA (Pty) Ltd 2022/06/30 8% R 31,29 4 602 R 1 854 750
OF0005
OF0006 Chemgrit SA (Pty) Ltd 2022/06/30 8% R 18,36 1 218 R 288 029
OF0007 Cure-Chem South Africa (Pty) Ltd 2021/09/30 7,5% R 17,43 1 850 R 406 194
OF0008 & OF0009 Quantum Line Group (Pty) Ltd 2022/10/31 10% R 24,20 2 539 R 780 336
Property Totals: 10 209 R 3 329 309
Occupied Lettable Area 10 209
Vacant Lettable Area* 0 Contractual Recovery Income R 37 689
Total GLA: 10 209 Property Rates Increases R 32 511
Refuse Removal R 5 178
Total Gross Contractual Income R 3 366 998
Notes/Assumptions:
1. The Basic rent, Escalation rate and the approximate area of the various units are as extracted from the Seller supplied Tenancy
Schedule for the February 2020 billing period and have not been verified against the relevant lease agreements - copies have
been requested and information will be verified and made available upon our receipt thereof.
2. It is understood that tenants are contractually responsible for a pro rata share of the increase in property assessment rates and
full refuse removal charges, with most other service charges as levied by council and other expenses being separately metered
and recovered from the tenants on a monthly basis. As such, only the corresponding contractual income has been included,
with all other income / recoveries and expenses being excluded from the above analysis.
3. All amounts represented above are exclusive of VAT.
4. The rates recovered is as per the Seller Supplied Tenancy Schedule for the February 2020 billing period. Annual tariff and
subsequent rates increases are usually effective annually from July 2020. The recovered rates as included for this projection is as
received from the Seller and does not take into account annual increases for the 2020/2021 billing period.
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 appropriate 3 March 2020
independent professional advice in relation thereto from suitably qualified professionals to complete their own due diligence in E & OE
relation to the Property.
/AucorProperty www.aucorproperty.co.za 15Annual Income Projections - June 2020 to May 2021
Approx. Area /
Premises Item / Tenant Expiry Date Esc Basic Rent Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Total
Units
OF0002, OF0004 &
Chemgrit SA (Pty) Ltd 2022/06/30 8% R 31,29 4 602 R 144 002 R 155 522 R 155 522 R 155 522 R 155 522 R 155 522 R 155 522 R 155 522 R 155 522 R 155 522 R 155 522 R 155 522 R 1 854 750
OF0005
OF0006 Chemgrit SA (Pty) Ltd 2022/06/30 8% R 18,36 1 218 R 22 362 R 24 151 R 24 151 R 24 151 R 24 151 R 24 151 R 24 151 R 24 151 R 24 151 R 24 151 R 24 151 R 24 151 R 288 029
OF0007 Cure-Chem South Africa (Pty) Ltd 2021/09/30 7,5% R 17,43 1 850 R 32 238 R 32 238 R 32 238 R 32 238 R 34 655 R 34 655 R 34 655 R 34 655 R 34 655 R 34 655 R 34 655 R 34 655 R 406 194
OF0008 & OF0009 Quantum Line Group (Pty) Ltd 2022/10/31 10% R 24,20 2 539 R 61 444 R 61 444 R 61 444 R 61 444 R 61 444 R 67 588 R 67 588 R 67 588 R 67 588 R 67 588 R 67 588 R 67 588 R 780 336
Property Totals: 10 209 R 260 046 R 273 355 R 273 355 R 273 355 R 275 773 R 281 918 R 281 918 R 281 918 R 281 918 R 281 918 R 281 918 R 281 918 R 3 329 309
Occupied Lettable Area 10 209
Vacant Lettable Area* 0 Contractual Recovery Income R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 3 141 R 37 689
Total GLA: 10 209 Property Rates Increases R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 2 709 R 32 511
Refuse Removal R 431 R 431 R 431 R 431 R 431 R 431 R 431 R 431 R 431 R 431 R 431 R 431 R 5 178
/AucorProperty
Total Gross Contractual Income R 263 187 R 276 496 R 276 496 R 276 496 R 278 914 R 285 058 R 285 058 R 285 058 R 285 058 R 285 058 R 285 058 R 285 058 R 3 366 998
Notes/Assumptions:
1. The Basic rent, Escalation rate and the approximate area of the various units are as extracted from the Seller supplied Tenancy Schedule for the February 2020 billing period and have not been verified against the relevant lease agreements - copies have
been requested and information will be verified and made available upon our receipt thereof.
2. It is understood that tenants are contractually responsible for a pro rata share of the increase in property assessment rates and full refuse removal charges, with most other service charges as levied by council and other expenses being separately metered
and recovered from the tenants on a monthly basis. As such, only the corresponding contractual income has been included, with all other income / recoveries and expenses being excluded from the above analysis.
3. All amounts represented above are exclusive of VAT.
4. The rates recovered is as per the Seller Supplied Tenancy Schedule for the February 2020 billing period. Annual tariff and subsequent rates increases are usually effective annually from July 2020. The recovered rates as included for this projection is as received
from the Seller and does not take into account annual increases for the 2020/2021 billing period.
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. Date: 2020/03/03 E & OE
www.aucorproperty.co.za
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Projected Annual Income
16Area Basic Rental Refuse
Unit Premises Item / Tenant Rates & Taxes Water Electricity Sewerage Total Gross Rate /m²
Let (Monthly) Removal
OF0002, OF0004 &
01007 Chemgrit SA (Pty) Ltd 4 602 R 144 002,31 R 1 937,86 R 1 739,90 R 14 063,60 R 700,90 R 194,50 R 162 639,07 R 31,29
OF0005
Unit 6 OF0006 Chemgrit SA (Pty) Ltd 1 218 R 22 362,48 R 197,92 R 267,56 R 3 895,78 R 107,78 R 51,48 R 26 883,00 R 18,36
AM00007 OF0007 Cure-Chem South Africa (Pty) Ltd 1 850 R 32 237,64 R 160,92 R 891,15 R 3 552,86 R 358,99 R 78,19 R 37 279,75 R 17,43
00008 OF0008 & OF0009 Quantum Line Group (Pty) Ltd 2 539 R 61 443,80 R 412,57 R 1 722,04 R 11 816,92 R 693,70 R 107,31 R 76 196,34 R 24,20
10 209 R 260 046,23 R 2 709,27 R 4 620,65 R 33 329,16 R 1 861,37 R 431,48 R 302 998,16
Rent Roll
Property Totals: Gross Monthly Income R 302 998,16
/AucorProperty
Occupied Lettable Area 10 209 Rental R 260 046,23
Vacant Lettable Area* 0 Rates & Taxes R 2 709,27
Total GLA: 10 209 Water R 4 620,65
Electricity R 33 329,16
Sewerage R 1 861,37
Refuse Removal R 431,48
Notes/Assumptions
1. Based on the Rent Roll as supplied by the Seller for the January 2020 billing period.
2. All rental information presented above is exclusive of VAT.
3. Rental Information excludes balances brought forward, deposit charges and similar once-off items billed during this period.
January 2020 – Seller Supplied
4. It is understood that tenants are contractually responsible for a pro rata share of the increase in property assessment rates and full refuse removal charges, with most other service charges as levied by council and other
expenses being separately metered and recovered from the tenants on a monthly basis.
5. Although the indicated lease period for the tenant in the highlighted cell is only due to expire October 2022, the Seller supplied Tenancy Schedule indicates that the tenant will be vacating the premises on 29 February
2020. Therefore, for the purposes of this projection, no rental has been included for this unit. The grounds for the early termination have been requested and will be made available upon our receipt thereof.
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.
www.aucorproperty.co.za
Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
17Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Rates Statement
December 2019 Billing Period
/AucorProperty www.aucorproperty.co.za 18Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Rates Statement
December 2019 Billing Period
/AucorProperty www.aucorproperty.co.za 19Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Zoning Certificate
/AucorProperty www.aucorproperty.co.za 20Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Zoning Certificate
/AucorProperty www.aucorproperty.co.za 21Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
General Plan Diagram
S.G. No. A2006/1981
/AucorProperty www.aucorproperty.co.za 22Tenanted Industrial Facility close to O.R. Tambo Airport –– Jet Park, Boksburg
Surveyor General Diagram
S.G. No. 665/1998 – Road Proclamation
/AucorProperty www.aucorproperty.co.za 23Warehouse and Office Space –– Epping Industria 2
/AucorProperty
www.aucorproperty.co.zaYou can also read
