Cnr Main Road & Oudehuis Street - Aucor
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Somerset-West Multi-Let Centre with Parking Yard
Cape Town GLA – ±4,182m² (Seller Supplied)
Cnr Main Road & Oudehuis Street
Tuesday, 17 March 2020 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg
John Hislop | 083 265 6867 | JohnH@aucor.com
Draft Version 3: 25 February 2020 NvV
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
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 9
Property Description Page 11
Site Layout Page 14
Supplementary Documentation Page 15
Projected Gross Annual Income – Summary Page 17
Projected Gross Annual Income Page 18
Rent Roll Page 19
Lease Summaries Page 20
Rates Statement Page 27
Surveyor General Diagrams Page 30
/AucorProperty www.aucorproperty.co.za 2
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
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 10 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
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Property Images
/AucorProperty www.aucorproperty.co.za 4
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Property Images
/AucorProperty www.aucorproperty.co.za 5
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Executive Summary &
Key Investment Highlights
Street Address: Cnr Main Road & Oudehuis Street - Somerset West, Cape Town
GPS Coordinates: -34.0843, 18.8525
Registered Land Sizes: 8,759m²
Zoning: " General Business 4" - awaiting the zoning confirmation certificate, which has
been requested from council
Assessment Rates: R 27,502.52 per month - excluding consumption charges and city levies.
See from page 12 for full accommodation details:
The improvements on the subject property comprise of a mixed-use centre
offering a variety of retail, office and commercial services with a total gross
lettable area of ± 4,182m². The site has excellent visibility from its location along
the major Main Road and enjoys easy access along the same road, as well as
frontage onto two additional streets including Caledon and Oudehuis Streets.
Accommodation: The site includes a large parking yard that is accessible from Caledon Street.
The centre has been configured to host approximately 27 lettable units of
varying size and configuration, distributed amongst six (6) distinguishable
buildings that are partially connected via covered passageways to create a
freeform building footprint, arranged around a centre courtyard. The sixth
building is a standalone, partially double storey building with frontage onto
the extensive parking yard.
Approx. Total Gross Lettable Area: 4,182m² (Seller supplied)
Area Description Approx GBA (m²)
Building 1 (three storey retail & offices) 1909
Building 1b (single storey retail) 279,6
Building 2 (single storey retail/commercial) 467,9
Building 3 (single storey retail) 682,0
Building 4 (single storey retail/commercial) 665,7
Building 5 (partially double storey retail/offices
643,2
incl. outbuilding)
Approx. Total Gross Building Area: Total Gross Building Area 4 647
Other areas not included in GBA
Parking Area (servitude) 2 821
Notes:
Gross Building Areas are an estimate based on a combination of on-
site and aerial photograph measurements taken along the outer
walls. It includes internal penetrations such as staircases and
passageways, but excludes covered walkways and external covered
corridors.
Occupation: The property is multi-let. See from page 17 for details.
Situated in a key commercial hub of Somerset West, on a prominent corner
(corner Main Road and Oudehuis Street) with excellent visibility.
Advantageously located in the central business node of Somerset West and in
close proximity to the local taxi rank allows for exposure to high volumes of
passing vehicular and pedestrian traffic.
Key Investment Highlights: Host to various national tenants including (but not limited to) African Bank,
Legit, Steers and Debonairs.
"General Business 4" zoning
Multi-let retail and commercial facility, with strong income generating
capacity and upside.
Ideal investment property with a Projected Gross Annual Income of ±R4,4mil.
Unless otherwise stated, all movables and tenant installed equipment (air-
Exclusions:
conditioning units, generators, etc.) are excluded from the sale of this 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
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
General Information
Street Address Cnr Main Road & Oudehuis Street - Somerset West, Cape Town
GPS Coordinates -34.0843, 18.8525
________________________________________________________________________________________________________
Title Deed Information
Title Deed Number T71908/2016
Registered Owner Cumulative Properties Limited
VAT Registration Status Registered VAT vendor
Title Deed Description Erf 3057, Somerset West
Registered Land Size 8,759m²
Title Deed Conditions A copy of this title deed is on hand and will be provided to bona
fide potential purchasers upon request.
Servitudes The property is subject to various servitudes with regards to
apportionment of water and certain water rights granted. It is
further subject to a parking area servitude of 30,363sq ft
(Notarial Deed 711/66) in favour of the general public, as well as
a (reduced) right of access servitude (Notarial Deed of
Agreement K1164/2000)
________________________________________________________________________________________________________
Municipality Information
Municipality City of Cape Town Metropolitan Municipality
Rates Excluding consumption charges and city levies - based on the
Tax Invoice as issued by council for the January 2020 billing
period. See a copy of the invoice attached to this brochure for
these and other charges.
2019 / 2020
Municipal Rates 2019 / 20 Annual
Exclusion Rebate 2019 / 2020 Tariff Monthly Rates
Valuation Category Rates
(Annual/366*33)
Business &
R 27 480 000 N/A N/A 0,0111000 R 305 028,00 R 27 502,52
Commercial
________________________________________________________________________________________________________
/AucorProperty www.aucorproperty.co.za 7
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
General Information
Zoning Information
Based on the City of Cape Town's online geographic and zoning information system
Zoning 'General Business 4' - awaiting the zoning confirmation
certificate, which has been requested from council
Permitted Uses (per scheme*) 'Business premises, dwelling house, second dwelling, boarding
house, flats, place of instruction, place of worship, institution,
hospital, place of assembly, place of entertainment, hotel,
conference facility, service trade, authority use, utility service,
rooftop base telecommunication station, multiple parking
garage, private road, open space, veterinary practice and
filming'
Annexure Number/Consent Use Not applicable
Height 25m above base level
Floor Area Ratio 3/26,277m²
Coverage 100% / 8,759m²
Density Not specified
Building Lines Street boundary: 0m up to 10m height; 4,5m above 10m
Street centreline setback: 8,0m
Parking Requirements As per scheme
*City of Cape Town Municipal Planning By-Law, 2015 - a copy is on hand and available upon request.
/AucorProperty www.aucorproperty.co.za 8
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Locality Information
Macro Locality
The subject property is advantageously situated on the corner of Main Road (M9) and Oudehuis Street, in the
centre of the bustling CBD of Somerset West in the Western Cape Province. Administratively it is included in the
City of Cape Town Metropolitan Municipality as a suburb in the Helderberg area, about 50 kilometres east of
Cape Town central city area, and bordering on Strand. The site is advantageously located in a central
retail/commercial node comprising a variety of commercial developments along Main Road, a primary arterial
which service a number of suburbs and extends onto the Old Sir Lowry’s Pass Road towards the south-east and
Macassar Road towards the north-west. Victoria Street provides ease of access to the nearby N2 highway. The
prime location within the central business area and in close proximity to the local taxi rank allows for exposure to
significant volumes of vehicular and pedestrian traffic. In addition, the property features exposure onto a third
street, being Caledon Street, from which access to the extensive parking yard is obtained. All major and general
amenities are easily accessible from the subject property.
GPS coordinates for the sites are as follows: -34.0843, 18.8525
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 9
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Locality
Locality
Information Information
Micro Locality
Somerset West
CBD
Circle Centre
Taxi Rank
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
Bridgewater
/AucorProperty www.aucorproperty.co.za 10Parking Area servitude – See S.G. Diagram
No. 5802/1966 attached to this brochure.
Locality
Information
N Property
/AucorProperty
Approximate Boundaries
Description
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Right of Way servitude – See S.G. Diagram
www.aucorproperty.co.za
No. 2687/1964 attached to this brochure.
Right of Way servitude – See S.G. Diagram
No. 1713/1996 attached to this brochure.
Image Data: City of Cape Town GIS MapViewer
11Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Property Description
Accommodation See layout plan leaflet on page 14.
The improvements on the subject property comprise of a mixed-use centre offering
a variety of retail, office and commercial services with a total gross lettable area of
± 4,182m². The site has excellent visibility from its location along the major Main
Road and enjoys easy access along the same road, as well as frontage onto two
additional streets including Caledon and Oudehuis Streets. The site includes a
large parking yard that is accessible from Caledon Street.
The centre has been configured to host approximately 27 lettable units of varying
size and configuration, distributed amongst six (6) distinguishable buildings that are
partially connected via covered passageways to create a freeform building
footprint, arranged around a centre courtyard. The sixth building is a standalone,
partially double storey building with frontage onto the extensive parking yard.
The buildings feature covered walkways along the shop front extents facing the
streets and/or centre courtyard, with some covered corridors connecting the
different buildings. The features and configuration of the buildings can be
summarized/described as follows:
- Building 1: A triple storey mixed-use building offering retail on the ground floor
and offices on the first and second floors. The offices are accessible via a
central ground floor entrance, reception area and staircase. The two floors
feature predominantly open floor spans either side of the central landing
platforms, with each area partitioned into various smaller lettable offices via
drywalling. Each platform features separate female and male ablution
facilities.
- Buildings 1B, 2 and 3: Features single storey retail spaces with frontage onto
Main Road and/or Oudehuis Street;
- Building 4: Features a single storey building in the centre courtyard, easily
accessible from the parking yard. It includes two (2) office/retail spaces and
one larger commercial unit that has previously been host to a jazz club and
has been fitted and designed for such purposes.
- Building 5: Features a partially double storey, stand-alone building directly
accessible form the parking yard. It features an open retail / display room on
the ground floor and offices on the first floor. It additionally includes a back
building offering a garage and storeroom.
________________________________________________________________________________________________________
Construction The buildings are constructed of a combination of face brick and concrete
structural walls under a combination of IBR roof sheets and/or asbestos pitched
roofing. The retail sections feature extensive glass window shopfronts.
________________________________________________________________________________________________________
/AucorProperty www.aucorproperty.co.za 12Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Property Description
Fixtures and Finishes The respective units have been fitted according to tenant requirements and
specifications. Common areas along the corridors and the covered walkways are
interlock brick paved throughout.
________________________________________________________________________________________________________
Utilities Each unit is separately metered for sewerage, water and electricity with
consumption charges recovered on a monthly basis from the respective tenants.
________________________________________________________________________________________________________
Gross Lettable Areas 4,182m² (Seller supplied)
________________________________________________________________________________________________________
Gross Building Areas Area Description Approx GBA (m²)
Building 1 (three storey retail & offices) 1909
Building 1b (single storey retail) 279,6
Building 2 (single storey retail/commercial) 467,9
Building 3 (single storey retail) 682,0
Building 4 (single storey retail/commercial) 665,7
Building 5 (partially double storey retail/offices
643,2
incl. outbuilding)
Total Gross Building Area 4 647
Other areas not included in GBA
Parking Area (servitude) 2 821
Notes:
Gross Building Areas are an estimate based on a combination of on-
site and aerial photograph measurements taken along the outer
walls. It includes internal penetrations such as staircases and
passageways, but excludes covered walkways and external covered
corridors.
________________________________________________________________________________________________________
Parking The site features ample open parking bays on the asphalt covered parking yard
servitude (see the site layout on page 14 for your reference). It offers ±81 parking
bays with additional street front parking available along Oudehuis Street and Main
Road.
________________________________________________________________________________________________________
Perimeter Due to the nature of the property and the developments thereon, the property is
unbounded. Building walls predominantly create the perimeter with some
rendered walls and palisade fencing erected in places.
________________________________________________________________________________________________________
Exclusions Unless otherwise stated, all movables and tenant installed equipment (air-
conditioning units, generators, etc.) are excluded from the sale of this property.
________________________________________________________________________________________________________
Occupation The site is multi-let. See from page 17 for details.
________________________________________________________________________________________________________
Condition The property is considered to be in generally good 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 13Note – Lines and areas are not drawn to scale and are
included for illustrative purposes only and does not
necessarily reflect the exact extent of the relevant building.
/AucorProperty
Site Layout
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
www.aucorproperty.co.za
Area Description Notation
Site Boundary
Building 1 (three storey retail & offices)
Building 1b (single storey retail)
Building 2 (single storey retail/commercial)
Building 3 (single storey retail)
Building 4 (single storey retail/commercial)
Building 5 (partially double storey
retail/offices incl. outbuilding)
Parking Area (servitude)
14Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Supplementary Documentation
Office Layout – 1st & 2nd Floors (Seller Supplied)
/AucorProperty www.aucorproperty.co.za 15Note - the site layout is an extract of one of the Seller
supplied original lease documents. It is included for
illustrative purposes only and may not reflect current
tenancies and areas.
Shop 1 – Nails to
/AucorProperty
Tail Pet Spa
Shop
4C –
Vacant
Shop 2 – Just Men
Shop 3 – Vacant
Site Layout (Seller Supplied)
Shop 4 – Chapani Cons.
Shop 4A –
Vacant
Shop 4B –
Vacant
Shop 5 – Garden Shop
Shop 3B –
Laundromat
Shop 6 – Vacant
Shop 10 –
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Web Auth.
www.aucorproperty.co.za
Shop 4 - Legit
Shop 3A – Essential
Health Pharmacy
Shop 7 –
African Bank
Shop 2B – Zee
Cell
Shop 1A - Steers
Shop 12 - Debonairs
Shop 1A - Steers
Supplementary Documentation
16Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Projected Gross Annual Income -
Summary
Contractual Cashflow Projections - June 2020 to May 2021
Approx. Area /
Premises Unit Code Item / Tenant Start Date Expiry Date Esc Basic Rent Total
Units
Office Rental
Office 226a OF0005 R - 19 R -
Office 221 OF0007 R - 24 R -
Office 226b OF0012 R - 24 R -
Office 226c OF0013 R - 38 R -
Growth Space (Pty) Ltd 01-Nov-18 31-Oct-22 8%
Office 219 OF0015 R - 17 R -
Office 220 OF0016 R - 17 R -
Office 109 OF0113 R 53,46 886 R 700 330
Office 222 OF020 R - 18 R -
Office 8 OF0019 R - 241 R -
JB Sports (Pty) Ltd 01-Apr-19 31-Mar-22 7,5%
Shop 8 RE0001 R 47,39 392 R 391 838
1 676 R 1 092 168
Retail Rental
Shop 1A RE0002 Viola Foods (Pty) Ltd t/a Steers 01-May-19 30-Apr-24 9% R 336,37 140 R 599 001
Shop 12 RE0003 Viola Foods (Pty) Ltd t/a Debonairs 01-May-19 30-Apr-24 8% R 304,21 120 R 482 567
Shop 4 RE0004 Retailability (Pty) Ltd t/a Legit 01-Oct-16 30-Sep-20 7% R 123,21 261 R 385 909
Shop 2B RE0005 Zee Cell and Repairs 01-Dec-19 30-Nov-21 7% R 148,86 83 R 153 457
Shop 7 RE0006 African Bank Limited 01-Mar-16 28-Feb-22 7% R 202,58 115 R 304 367
Shop 3A RE0007 Essential Health Pharmacy 01-Aug-16 31-Jul-20 8% R 129,60 434 R 674 957
Shop 3B RE0008 Snowhite Laundrette 01-Aug-16 31-Jul-20 10% R 143,58 71 R 122 329
Shop 4A RE0009 Vacant - - N/A R - 79 R -
Shop 4B RE0010 Vacant - - N/A R - 475 R -
Shop 4C RE0011 Vacant - - N/A R - 81 R -
Shop 1 RE0012 Nails to Tails Pet Spa (Pty) Ltd 01-Oct-19 30-Sep-22 7,5% R 102,65 151 R 195 300
Shop 2B RE0013 Just Men 01-Oct-19 30-Sep-22 7% R 125,00 44 R 69 080
Shop 3 RE0014 Vacant - - N/A R - 67 R -
Shop 6 RE0015 Vacant - - N/A R - 125 R -
Shop 10 RE0016 Web Authority Annalyst (Pty) Ltd 01-Feb-17 31-Jan-21 10% R 99,83 78 R 93 436
Shop GF 04 RE0017 Chapani Construction and Mining 01-Nov-16 31-Oct-22 9% R 91,52 93 R 107 497
Shop 5 RE0018 Jamie's Garden Shop 01-Feb-20 31-Jan-21 N/A R 73,03 89 R 78 000
2 506 R 3 265 901
Tenancy Summary Gross Basic Rental Income R 4 358 068,30
Occupied Lettable Area 3 355 Recoverable expenses
Vacant Lettable Area 827 Assessment Rates R 50 348
Total GLA 4 182 Refuse Removal R 14 005
CID Levy R 63 767
R 64 353
Gross Annual Income R 4 422 421
Notes/Assumptions
1. The Basic rentals, Escalation rates and the approximate areas of the various units (retail and office) are as extracted from the Tenancy Schedule and Rent Roll for the
February 2020 billing period - and have been verified to the relevant lease agremeents where supplied by the Seller.
2. All amounts represented above are exclusive of VAT.
3. In all instances where the same tenant occupies various spaces, a single rental is charged (as per the Seller supplied rent roll and tenancy schedule for the Feb 2020
billing period) and therefore the basic rental is calculated on the summary of all the unit sizes. Other recoveries and services are charged per unit and is reflected on
the summarized rent roll included in this brochure.
4. The executed lease agreements expire during the course of the projected period. It is assumed that the tenants will continue to occupy the spaces on a month-to-
month basis. For the purposes of this projection, no escalation has been applied to these units.
5. The recoverable expenses are as per the Seller supplied tenancy schedule and includes amounts as charged for the February 2020 billing period - no potential
annual escalations and/or increases have been taken into consideration.
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 Date:
forecasts, and should further seek appropriate independent professional advice in relation thereto from suitably qualified professionals to complete their own due 17 Feb 2020
diligence in relation to the Property. E & OE
/AucorProperty www.aucorproperty.co.za 17Contractual Cashflow Projections - June 2020 to May 2021
Approx. Area /
Premises Unit Code Item / Tenant Start Date 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
Office Rental
Office 226a OF0005 R - 19 R - R - R - R - R - R - R - R - R - R - R - R - R -
Office 221 OF0007 R - 24 R - R - R - R - R - R - R - R - R - R - R - R - R -
Office 226b OF0012 R - 24 R - R - R - R - R - R - R - R - R - R - R - R - R -
Office 226c OF0013 R - 38 R - R - R - R - R - R - R - R - R - R - R - R - R -
Growth Space (Pty) Ltd 01-Nov-18 31-Oct-22 8%
Office 219 OF0015 R - 17 R - R - R - R - R - R - R - R - R - R - R - R - R -
Office 220 OF0016 R - 17 R - R - R - R - R - R - R - R - R - R - R - R - R -
Office 109 OF0113 R 53,46 886 R 55 759 R 55 759 R 55 759 R 55 759 R 55 759 R 60 219 R 60 219 R 60 219 R 60 219 R 60 219 R 60 219 R 60 219 R 700 330
Office 222 OF020 R - 18 R - R - R - R - R - R - R - R - R - R - R - R - R -
Office 8 OF0019 R - 241 R - R - R - R - R - R - R - R - R - R - R - R - R -
JB Sports (Pty) Ltd 01-Apr-19 31-Mar-22 7,5%
Shop 8 RE0001 R 47,39 392 R 32 250 R 32 250 R 32 250 R 32 250 R 32 250 R 32 250 R 32 250 R 32 250 R 32 250 R 32 250 R 34 669 R 34 669 R 391 838
1 676 R 88 009 R 88 009 R 88 009 R 88 009 R 88 009 R 92 469 R 92 469 R 92 469 R 92 469 R 92 469 R 94 888 R 94 888 R 1 092 168
Retail Rental
Shop 1A RE0002 Viola Foods (Pty) Ltd t/a Steers 01-May-19 30-Apr-24 9% R 336,37 140 R 47 091 R 47 091 R 47 091 R 47 091 R 51 330 R 51 330 R 51 330 R 51 330 R 51 330 R 51 330 R 51 330 R 51 330 R 599 001
/AucorProperty
Shop 12 RE0003 Viola Foods (Pty) Ltd t/a Debonairs 01-May-19 30-Apr-24 8% R 304,21 120 R 39 425 R 39 425 R 39 425 R 39 425 R 39 425 R 39 425 R 39 425 R 39 425 R 39 425 R 42 579 R 42 579 R 42 579 R 482 567
Shop 4 RE0004 Retailability (Pty) Ltd t/a Legit 01-Oct-16 30-Sep-20 7% R 123,21 261 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 32 159 R 385 909
Shop 2B RE0005 Zee Cell and Repairs 01-Dec-19 30-Nov-21 7% R 148,86 83 R 12 356 R 12 356 R 12 356 R 12 356 R 12 356 R 12 356 R 13 221 R 13 221 R 13 221 R 13 221 R 13 221 R 13 221 R 153 457
Shop 7 RE0006 African Bank Limited 01-Mar-16 28-Feb-22 7% R 202,58 115 R 24 928 R 24 928 R 24 928 R 24 928 R 24 928 R 24 928 R 24 928 R 24 928 R 24 928 R 26 673 R 26 673 R 26 673 R 304 367
Shop 3A RE0007 Essential Health Pharmacy 01-Aug-16 31-Jul-20 8% R 129,60 434 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 56 246 R 674 957
Shop 3B RE0008 Snowhite Laundrette 01-Aug-16 31-Jul-20 10% R 143,58 71 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 10 194 R 122 329
Shop 4A RE0009 Vacant - - N/A R - 79 R - R - R - R - R - R - R - R - R - R - R - R - R -
Shop 4B RE0010 Vacant - - N/A R - 475 R - R - R - R - R - R - R - R - R - R - R - R - R -
Shop 4C RE0011 Vacant - - N/A R - 81 R - R - R - R - R - R - R - R - R - R - R - R - R -
Shop 1 RE0012 Nails to Tails Pet Spa (Pty) Ltd 01-Oct-19 30-Sep-22 7,5% R 102,65 151 R 15 500 R 15 500 R 15 500 R 15 500 R 16 663 R 16 663 R 16 663 R 16 663 R 16 663 R 16 663 R 16 663 R 16 663 R 195 300
Shop 2B RE0013 Just Men 01-Oct-19 30-Sep-22 7% R 125,00 44 R 5 500 R 5 500 R 5 500 R 5 500 R 5 885 R 5 885 R 5 885 R 5 885 R 5 885 R 5 885 R 5 885 R 5 885 R 69 080
Shop 3 RE0014 Vacant - - N/A R - 67 R - R - R - R - R - R - R - R - R - R - R - R - R -
Shop 6 RE0015 Vacant - - N/A R - 125 R - R - R - R - R - R - R - R - R - R - R - R - R -
Shop 10 RE0016 Web Authority Annalyst (Pty) Ltd 01-Feb-17 31-Jan-21 10% R 99,83 78 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 7 786 R 93 436
Shop GF 04 RE0017 Chapani Construction and Mining 01-Nov-16 31-Oct-22 9% R 91,52 93 R 8 511 R 8 511 R 8 511 R 8 511 R 8 511 R 9 277 R 9 277 R 9 277 R 9 277 R 9 277 R 9 277 R 9 277 R 107 497
Shop 5 RE0018 Jamie's Garden Shop 01-Feb-20 31-Jan-21 N/A R 73,03 89 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 6 500 R 78 000
2 506 R 266 197 R 266 197 R 266 197 R 266 197 R 271 983 R 272 749 R 273 614 R 273 614 R 273 614 R 278 513 R 278 513 R 278 513 R 3 265 901
Tenancy Summary Gross Basic Rental Income R 354 205,98 R 354 205,98 R 354 205,98 R 354 205,98 R 359 991,70 R 365 218,41 R 366 083,31 R 366 083,31 R 366 083,31 R 370 982,28 R 373 401,03 R 373 401,03 R 4 358 068,30
Occupied Lettable Area 3 355 Recoverable expenses
Vacant Lettable Area 827 Assessment Rates R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 4 196 R 50 348
Total GLA 4 182 Refuse Removal R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 1 167,11 R 14 005
CID Levy R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 5 313,93 R 63 767
R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 10 676,68 R 64 353
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Gross Annual Income R 364 882,66 R 364 882,66 R 364 882,66 R 364 882,66 R 370 668,38 R 375 895,09 R 376 759,99 R 376 759,99 R 376 759,99 R 381 658,96 R 384 077,71 R 384 077,71 R 4 422 421
Notes/Assumptions
1. The Basic rentals, Escalation rates and the approximate areas of the various units (retail and office) are as extracted from the Tenancy Schedule and Rent Roll for the February 2020 billing period - and have been verified to the relevant lease agremeents where supplied by the Seller.
www.aucorproperty.co.za
2. All amounts represented above are exclusive of VAT.
3. In all instances where the same tenant occupies various spaces, a single rental is charged (as per the Seller supplied rent roll and tenancy schedule for the Feb 2020 billing period) and therefore the basic rental is calculated on the summary of all the unit sizes. Other recoveries and services are charged per unit
and is reflected on the summarized rent roll included in this brochure.
4. The executed lease agreements expire during the course of the projected period. It is assumed that the tenants will continue to occupy the spaces on a month-to-month basis. For the purposes of this projection, no escalation has been applied to these units.
5. The lease periods and annual escalations are as included in the relevant lease document.
6. The recoverable expenses are as per the Seller supplied tenancy schedule and includes amounts as charged for the February 2020 billing period - no potential annual escalations and/or increases have been taken into consideration.
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: 2020/02/17 E & OE
Projected Gross Annual Income
18Area Basic Rental Rates and Refuse
Unit Item / Tenant Electricity Water Sewerage CID Levy Total Gross Rate /m²
Let (Monthly) Taxes Removal
Office Rental
Building 1
Office 226a 19 R - R 157,59 R 16,80 R 14,33 R - R - R 55 947,50
Office 221 24 R - R 199,06 R 21,22 R 18,10 R - R - R 238,38
Office 226b 24 R - R 35,52 R 21,22 R 18,10 R - R - R 74,84
Office 226c Growth Space (Pty) Ltd 38 R 55 758,78 R - R 315,19 R 89,59 R 28,66 R - R - R 433,44 R 53,46
Office 219 17 R - R - R - R - R - R - R -
Office 220 17 R - R - R - R - R - R - R -
Office 109 886 R - R 15 810,93 R 995,80 R 754,17 R 346,49 R 1 673,28 R 19 580,67
Rent Roll
Office 222 18 R - R - R - R - R - R - R -
/AucorProperty
Building 5
Office 8 241 R - R 356,69 R 269,04 R 181,79 R - R - R 30 807,52
JB Sports (Pty) Ltd R 30 000,00 R 47,39
Shop 8 392 R - R 6 217,04 R 346,51 R 295,69 R 197,95 R 993,17 R 8 050,36
Retail Rental
Building 1
Shop 1 Nails to Tails Pet Spa (Pty) Ltd 151 R 15 500,00 R - R 2 211,44 R 189,48 R 113,90 R 45,75 R 222,30 R 18 282,87 R 102,65
Shop 2B Just Men 44 R 5 500,00 R - R 2 192,96 R 183,60 R 61,10 R 50,38 R 78,60 R 8 066,64 R 125,00
Shop 3 Vacant 67 R - R - R - R - R - R - R - R - R -
Shop 6 Vacant 125 R - R - R - R - R - R - R - R - R -
Shop 10 Web Authority Annalyst (Pty) Ltd 78 R 7 786,35 R 221,66 R 1 414,15 R 124,95 R 58,84 R 4,25 R 42,69 R 9 652,89 R 99,83
Shop GF 04 Chapani Construction and Mining 93 R 8 511,23 R 281,47 R 2 032,49 R 138,21 R 70,15 R 54,96 R 50,89 R 11 139,40 R 91,52
Shop 5 Jamie's Garden Shop 89 R 6 500,00 R 65,00 R - R - R - R 2,78 R 36,78 R 6 604,56 R 73,03
Building 1 B
Shop 1A Viola Foods (Pty) Ltd t/a Steers 140 R 47 091,31 R 397,84 R 11 104,74 R 390,90 R 333,57 R 55,20 R 256,04 R 59 629,60 R 336,37
Shop 12 Viola Foods (Pty) Ltd t/a Debonairs 120 R 36 504,99 R 55,75 R 15 492,05 R 447,06 R 285,92 R 47,31 R 219,46 R 53 052,54 R 304,21
Building 2
Shop 4 Retailability (Pty) Ltd t/a Legit 261 R 32 159,07 R 1 097,50 R 3 791,38 R 286,71 R 196,88 R 99,29 R 477,34 R 38 108,17 R 123,21
Shop 2B Zee Cell and Repairs 83 R 12 355,65 R 733,10 R 414,77 R 20,99 R 15,52 R 4,52 R 129,48 R 13 674,03 R 148,86
Shop 7 African Bank Limited 115 R 23 296,90 R 1 167,11 R 2 799,19 R 157,66 R 86,75 R 45,34 R 210,32 R 27 763,27 R 202,58
Building 3
Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Shop 3A Essential Health Pharmacy 434 R 56 246,40 R - R 10 282,49 R 439,64 R 327,37 R 184,04 R 793,73 R 68 273,67 R 129,60
Shop 3B Snowhite Laundrette 71 R 10 194,12 R 241,21 R 5 046,33 R 908,58 R 679,75 R 28,85 R 129,85 R 17 228,69 R 143,58
Building 4
Shop 4A Vacant 79 R - R - R - R - R - R - R - R - R -
Shop 4B Vacant 475 R - R - R - R - R - R - R - R - R -
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Shop 4C Vacant 81 R - R - R - R - R - R - R - R - R -
6041 R 347 404,80 R 4 260,64 R 79 874,01 R 5 047,96 R 3 540,59 R 1 167,11 R 5 313,93 R 446 609,04
Gross Income billed for the month of June 2019 R 446 609,04 Tenancy Summary
Base Rental R 347 404,80 Occupied Lettable Area 3 355
Rates and Taxes R 4 260,64 Vacant Lettable Area 827
Refuse/Waste Removal R 1 167,11 Total GLA 4 182
Electricity R 79 874,01
Water R 5 047,96
Sewerage R 3 540,59
CID Levy R 5 313,93
Notes/Assumptions
1. Based on the Rent Roll as supplied by the Seller for the February 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.
4. No charges included in the supplied Rent Roll for the highlighted units.
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: 2020/02/17 E & OE
19Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
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 available to bona fide prospective purchasers upon request.
_______________________________________________________________________________________________________
Lease 1
Tenant Growth Space (Pty) Ltd. t/a Growth Space
Rentable Area Offices 1st & 2nd Floors – 1,043m²
Start Date 1 November 2018
Expiry Date 31 October 2022
Renewal Period Not specified
Tenant’s Pro Rata Share 24.94%
Escalation Rate 8% per annum
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/11/01 2020/10/31 R 55 758,78 R 53,46
2020/11/01 2021/10/31 1 043 R 60 219,48 R 57,74
2021/11/01 2022/10/31 R 65 037,04 R 62,36
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – The leased premises shall be used for the Retail of
Steers only.
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”; the Landlord shall provide the Tenant with a capital allowance
for physical improvements/refurbishments with an additional fund (for the
duration of the lease period) which monies shall be utilized for the cost of
failed or irreparable fixtures; etc.…
________________________________________________________________________________________________________
Lease 2
Tenant Voila Foods (Pty) Ltd t/a Steers
Rentable Area Shop 1A – 140m²
Start Date 1 May 2019
Expiry Date 30 April 2024
Renewal Period Not specified
Tenant’s Pro Rata Share 3.35%
Escalation Rate 9% per annum
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/05/01 2019/09/30 R 43 203,04 R 308,59
2019/10/01 2020/09/30 R 47 091,31 R 336,37
2020/10/01 2021/09/30 R 51 329,53 R 366,64
140
2021/10/01 2022/09/30 R 55 949,19 R 399,64
2022/10/01 2023/09/30 R 60 984,62 R 435,60
2023/10/01 2024/04/30 R 66 473,23 R 474,81
Additional Charges See *Note 1 under “General Notes”
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”; the Landlord has agreed to delete the clauses 27.2, 27.3 and
27.4 of the lease agreement.
Notes The lease periods and annual escalations are as included in the relevant
lease document.
/AucorProperty www.aucorproperty.co.za 20Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Lease Summaries
Lease 3
Tenant Voila Foods (Pty) Ltd t/a Debonairs
Rentable Area Shop 12 – 120m²
Start Date 1 May 2019
Expiry Date 30 April 2024
Renewal Period Not specified
Tenant’s Pro Rata Share 2.87%
Escalation Rate 8% per annum
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/05/01 2020/02/29 R 36 504,99 R 304,21
2020/03/01 2021/02/28 R 39 425,39 R 328,54
2021/03/01 2022/02/28 R 42 579,42 R 354,83
120
2022/03/01 2023/02/28 R 45 985,77 R 383,21
2023/03/01 2024/02/29 R 49 664,64 R 413,87
2024/03/01 2024/04/30 R 53 637,81 R 446,98
Additional Charges See *Note 1 under “General Notes”
Key Clauses Clause 11 (Schedule) – The leased premises shall be used for the Retail of
Pizza in line with Debonairs concept only.
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”; the Landlord has agreed to delete the clauses 27.2, 27.3 and
27.4 of the lease agreement.
Notes The lease periods and annual escalations are as included in the relevant
lease document.
________________________________________________________________________________________________________
Lease 4
Tenant Retailability (Pty) Ltd t/a Legit
Rentable Area Shop 4 - 261m²
Start Date 1 October 2017
Expiry Date 30 September 2020
Renewal Period Not specified
Tenant’s Pro Rata Share 6.24%
Escalation Rate 7% per annum
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/10/01 2020/09/30 261 R 32 159,07 R 123,21
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – The leased premises shall be used solely for the
purposes of a Legit store.
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”
________________________________________________________________________________________________________
/AucorProperty www.aucorproperty.co.za 21Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Lease Summaries
Lease 5
Tenant African Bank Limited
Rentable Area Shop 7 – 115m²
Start Date 1 March 2019
Expiry Date 28 February 2022
Renewal Period Not specified
Tenant’s Pro Rata Share 2.75%
Escalation Rate 7% per annum
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/03/01 2020/02/29 R 23 296,90 R 202,58
2020/03/01 2021/02/28 115 R 24 927,68 R 216,76
2021/03/01 2022/02/28 R 26 672,62 R 231,94
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – The leased premises shall be used for the purpose of
banking, sales, marketing, administration, and ancillary financial services
only.
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”
________________________________________________________________________________________________________
Lease 6
Tenant Nails to Tail Pet Spa (Pty) Ltd
Rentable Area Shop 1 – 151m²
Start Date 1 October 2019
Expiry Date 30 September 2022
Renewal Period Not specified
Tenant’s Pro Rata Share 3.61%
Escalation Rate 7.5%
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/10/01 2020/09/30 R 15 500,00 R 102,65
2020/10/01 2021/09/30 151 R 16 662,50 R 110,35
2021/10/01 2022/09/30 R 17 912,19 R 118,62
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – The leased premises shall be used for the purpose of
a doggy grooming parlour only.
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”; certain fixtures/replacements/removals are for the Landlord’s
cost; installations such as shower, geyser and counter is for the Tenant’s cost.
________________________________________________________________________________________________________
/AucorProperty www.aucorproperty.co.za 22Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Lease Summaries
Lease 7
Tenant Irene Jean Roux t/a Just Men
Rentable Area Shop 2 – 44m²
Start Date 1 October 2019
Expiry Date 30 September 2022
Renewal Period Not specified
Escalation Rate 7% per annum
From To Area (m²) Basic Rental Gross Rate / m²
Monthly Rental (excl VAT)
2019/10/01 2020/09/30 R 5 500,00 R 125,00
2020/10/01 2021/09/30 44 R 5 885,00 R 133,75
2021/10/01 2022/09/30 R 6 296,95 R 143,11
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – Gents hair salon only.
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”; the Tenant accepted the premises as is and will sign a 3 year
lease in their personal capacity.
________________________________________________________________________________________________________
Lease 8
Tenant Web Authority Annalyst (Pty) Ltd
Rentable Area Shop 10 – 78m²
Start Date 1 February 2018
Expiry Date 31 January 2021
Renewal Period Not specified
Tenant’s Pro Rata Share 1.87%
Escalation Rate 10% per annum
From To Area (m²) Basic Rental Gross Rate / m²
Monthly Rental (excl VAT)
2018/02/01 2019/01/31 R 6 435,00 R 82,50
2019/02/01 2020/01/31 78 R 7 078,50 R 90,75
2020/02/01 2021/01/31 R 7 786,35 R 99,83
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – Administration office including selling of clothing
items only.
Special Conditions Clause 17 – On termination, the Tenant shall reinstate the premises back to a
“white box”.
/AucorProperty www.aucorproperty.co.za 23Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Lease Summaries
Lease 9 – Signed First Addendum
Tenant Chapani Construction and Mining CC
Rentable Area Shop GF04 – 93m²
Start Date (original) 1 November 2016
Expiry Date (addendum) 31 October 2022
Renewal Period Not specified
Tenant’s Pro Rata Share 2.22%
Escalation Rate 9% per annum (original escalation – 10%)
From To Area (m²) Basic Rental Gross Rate / m²
Monthly Rental (excl VAT)
2019/11/01 2020/10/31 R 8 511,23 R 91,52
2020/11/01 2021/10/31 93 R 9 277,24 R 99,76
2021/11/01 2022/10/31 R 10 112,19 R 108,73
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – Ticket Sales only.
Special Conditions Clause 17 – The tenant accepts the premises as is; On termination, the
Tenant shall reinstate the premises back to a “white box”.
_______________________________________________________________________________________________________
Lease 10
Tenant Mr. Jamie Garner t/a Jamie’s Garden Shop
Rentable Area Shop 5 – 89m²
Start Date 1 February 2020
Expiry Date 31 January 2021
Renewal Period Not specified
Tenant’s Pro Rata Share 2.13%
Escalation Rate Not applicable
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2020/02/01 2021/01/31 89 R 6 500,00 R 73,03
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – Sales of various organic gardening supplies such as
plastic pots and seedling trays, plastic bagged soil, liquid fertilisers, soil
amendments and pesticides.
Special Conditions Clause 17 – The tenant accepts the premises as is; On termination, the
Tenant shall reinstate the premises back to a “white box”.
/AucorProperty www.aucorproperty.co.za 24Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Lease Summaries
Lease 11
Tenant JB Sports (Pty) Ltd t/a JB Sports
Rentable Area Shop 8 – 392m² & Office 8 – 241m² (Total – 633m²)**
Start Date 1 April 2019
Expiry Date 31 March 2022
Renewal Period Not specified
Tenant’s Pro Rata Share 15.14%
Escalation Rate 7.5% per annum
Monthly Rental (excl VAT) Gross Rate / m²
From To Area (m²) Basic Rental
2019/04/01 2020/03/31 R 30 000,00 R 47,39
2020/04/01 2021/03/31 633 R 32 250,00 R 50,95
2021/04/01 2022/03/31 R 34 668,75 R 54,77
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – Retail business, including sale of sporting equipment,
fishing equipment and negligible foods, which food related may not occupy
more than 10% of the tenant’s area.
Special Conditions Clause 17 – All lights and electrical plugs to be in good working order
(Landlord to provide the Tenant with a COC); Landlord to ensure all
plumbing is in good working order, to paint the exterior, garage and cold
room, and to repair any identified leaks.
Note The adjacent garage area is included in the lease agreement with no
additional charge / rental cost applicable.
________________________________________________________________________________________________________
Lease 12
Tenant Jumah Trading CC t/a Zee Cell and Repairs
Rentable Area Shop 2B - 83m²
Start Date 1 December 2019
Expiry Date 30 November 2021
Renewal Period Not specified
Tenant’s Pro Rata Share 1.98%
Escalation Rate 7% per annum
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/12/01 2020/11/30 R 12 355,65 R 148,86
83
2020/12/01 2021/11/30 R 13 220,55 R 159,28
Additional Charges See *Note 1 under “General Notes”
Key Clauses See **Note 2 under “General Notes”
Clause 11 (Schedule) – Sale & repair cellular and electronics.
Special Conditions Clause 17 – The tenant accepts the premises as is; On termination, the
Tenant shall reinstate the premises back to a “white box”.
_______________________________________________________________________________________________________
/AucorProperty www.aucorproperty.co.za 25Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Lease Summaries
* The lease information summarized below has been extracted from the tenancy schedule, as well from representations
made by representatives of the Seller. The lease agreements, clearly outlining the terms and conditions of the tenancies
have been requested and upon receipt thereof, these conditions will be verified and updated accordingly if required.
_______________________________________________________________________________________________________
Lease 13
Tenant H Brand 4 CC t/a Essential Health Pharmacy
Rentable Area Shop 3A – 434m²
Start Date 1 August 2016*
Expiry Date 31 July 2020*
Renewal Period TBC*
Escalation Rate 8% per annum (TBC)*
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/08/01 2020/07/31 434 R 56 246,40 R 129,60
Additional Charges Metered consumption charges in respect of water, electricity and
sewerage; Pro-rata share in the assessment rates, refuse removal and CID
levy.
_______________________________________________________________________________________________________
Lease 14
Tenant Village Bros Grabouw CC t/a Snowhite Laundrette
Rentable Area Shop 3B – 71m²
Start Date 1 August 2016*
Expiry Date 31 July 2020*
Renewal Period TBC*
Escalation Rate 10% per annum (TBC)*
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
2019/08/01 2020/07/31 71 R 10 194,12 R 143,58
Additional Charges Metered consumption charges in respect of water, electricity and
sewerage; Pro-rata share in the assessment rates, refuse removal and CID
levy.
_______________________________________________________________________________________________________
General 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 contribute towards the municipal and utility charges levied
upon the building and site at the relevant proportionate share including
assessment rates, refuse and improvement levies, and utility charges, as well
as any charges arising out of the use of electricity, water and gas consumed
by the tenant in or on the leased premises.
**Note 2:
Key Clauses Clause 27.1 – “Should the landlord sell the property… the tenant shall not be
entitled to elect not to be bound to the new landlord” and Clause 27.2 – “At
the sole and exclusive election of the landlord, should the property of which
premises form part be sold, the landlord shall have the right to cancel this
agreement by giving the tenant 6 (six) months written notice…”
/AucorProperty www.aucorproperty.co.za 26Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Rates Statement
/AucorProperty www.aucorproperty.co.za 27Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Rates Statement
/AucorProperty www.aucorproperty.co.za 28Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Rates Statement
/AucorProperty www.aucorproperty.co.za 29Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Surveyor General Diagrams
S.G. No. 2682/1964
/AucorProperty www.aucorproperty.co.za 30Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Surveyor General Diagrams
Parking Area Servitude - S.G. No. 5802/1966
/AucorProperty www.aucorproperty.co.za 31Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Surveyor General Diagrams
Right of Way Servitude – S.G. No. 1713/1996
/AucorProperty www.aucorproperty.co.za 32Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Surveyor General Diagrams
Right of Way Servitude – S.G. No. 2687/1964
/AucorProperty www.aucorproperty.co.za 33Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
Surveyor General Diagrams
Leasehold Diagram - S.G. No. 2778/1965
Note:
There is no reference in the relevant Title Deed to said leasehold and the
current status thereof should be verified. The applicable Deeds Document
has been requested and will be verified upon our receipt thereof.
/AucorProperty www.aucorproperty.co.za 34Mixed-Use Centre with Parking Yard – Somerset-West, Cape Town
/AucorProperty www.aucorproperty.co.za 35You can also read
