ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer

 
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
ERF 335 JAN NIEMAND PARK
                    “JANVOËL”

                 1
               NOTA:
Andreas Greeff | 072 118 7509 | andreas@landhouse.co.za
          AUCTION: 11 September 2018 at 12:00
         LOMBARDY ESTATE BOUTIQUE HOTEL
              www.landhouse.co.za
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Contents
                                                                                                               Page 2
 1.      Disclaimer
 2.      Property Description
 3.      Locality
 4.      Property Details
 5.      Tenancy Overview
 6.      SG Diagrams
 7.      Zoning Certificate
 8.      Municipal Accounts
 9.      Photographs
 10. Aerial Picture
 11. Site Plan

Disclaimer
Whilst all reasonable care has been taken to obtain the correct information, neither Landhouse Properties nor the Sellers, guarantee the correctness of the information, and none of the aforementioned 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 supplied, whether due to the negligence or otherwise of
Disclaimer
Landhouse      Properties,
Whilst all reasonable        thebeen
                      care has     Sellers
                                      taken or  any other
                                            to obtain       person.
                                                      the correct      The proposed
                                                                  information,           Consumer
                                                                               neither Landhouse       Protection
                                                                                                  Properties nor theRegulations,     2010
                                                                                                                     Sellers, guarantee the as  well as ofthe
                                                                                                                                            correctness     theRules   of Auction
                                                                                                                                                                information,        can
                                                                                                                                                                             and none     be aforementioned
                                                                                                                                                                                      of the viewed at www.landhouse.co.za.
                                                                                                                                                                                                              will be held liable for any Bidders     must damages
                                                                                                                                                                                                                                          direct or indirect register
or loss, of  whatsoever nature,  suffered by any  person  as  a result of errors
to bid and provide original proof of identity and residence on registration.     or omissions in the information  supplied, whether due  to the negligence   or otherwise  of Landhouse   Properties, the Sellers  or any other   person. The   proposed   Consumer
Protection Regulations, 2010 as well as the Rules of Auction can be viewed at www.landhouse.co.za. Bidders must register to bid and provide original proof of identity and residence on registration.

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ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 3
 Legal property description
 Property Address:                 266 Stormvoël Road

 Suburb & City:                    Jan Niemand Park, Pretoria

                                   City of Tshwane Metropolitan Municipality

 Title Deed Information

 Erf 335 Jan Niemand Park

 Title Deed Number                 T44153/1988

 Registered Owner                  Janvoël Prop Pty Ltd

 Erf Extent                        4,461m2

 Total properties size: 4,461 m²

Property description
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 4
      Town Planning restrictions

                                      Permissible

                                     "Industrial 2"
                        Business Building, Cafeteria, Car Wash,
       Zoning           Commercial Use, Light Industry, Parking
                            Garage, Parking Site, Place of
                         Refreshment, Retail Industry & Shop

       FAR / Bulk               3                13383 m²

       Height                  18m

       Coverage                75%                  3346 m²

       Building Lines                As per Scheme

       Parking                       As per scheme

Town planning
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 5
 Locality
 The property is well located in one of the north-eastern suburbs of Pretoria within the
 City of Tshwane Metropolitan Municipality in a township known as Jan Niemand Park.
 Jan Niemand Park is an established, industrial node situated along Stormvoël Road.
 Surrounding suburbs include Eersterus, Silverton, Silvertondale etc.

 This property is centrally located in this well-known industrial node north-east of the
 Pretoria Central Business District. It is situated on 266 Stormvoël Weg (corner of
 Klipspruit Street). Stormvoël Weg easily links to Stormvoël Road which is one of the
 main arterials through the area and joins the N1 highway further to the west.

 This is a well-developed area and is close to residential suburbs, a number of
 shopping centres, and other commercial and retail properties, main arterials and
 freeways such as the N1 freeway as well as public transport (Silverton Station &
 Eersterus Station).

 The subject property enjoys all municipal services such as water, sewerage, and
 electricity.

 GPS co-ordinates for the property are as follows:

 S -25.7151, E 28.2945

Locality
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 6
Property Details
The subject property comprises an industrial warehouse building as well as a commercial           Building measurements (GLA):
building comprising a few shops, known as the “Janvoël”.

Site                                                                                                                                                            GBA       GLA
                                                                                                  Shop
The property is located on a 4,461m2 rectangular shaped erf.
                                                                                                  0001 - Mida Bekery Supplies / Mida Logistics                ±250 m²    243 m²
The building property has excellent visibility to passing traffic and is close to main roads as   0002 & 0003 - Dumiyah Sales                                 ±209 m²    203 m²
well as public transportation routes. This site has direct access off Stormvoël Weg, which        0004, 0005 & 0006 - Mida Bekery Supplies / Mida Logistics   ±449 m²    436 m²
links to Stormvoël Road which is the main road through the area.                                  Warehouse
                                                                                                  0001 - Coricraft                                            ±943 m²    916 m²
Improvements

The property comprises 2 large industrial “warehouse/light workshop type” buildings,                                                                          ±1852 m²   1798 m²
suitable for multiple tenants. Building 1 has been divided into 6 shops, and Building 2 is a
large single tenanted warehouse building. The buildings both comprise face brick
structures, plastered and painted internal walls, aluminium and steel glazing, suspended
ceilings, and IBR roof and cladding.

The property provides for the necessary on-site parking bays which are accessed by
means of a motorised sliding access gate.

The Property is fully fenced with palisade fencing on the street boundaries as well as face
brick neighboring boundaries.

Building has 3-phase power supply.

This is a multi-tenanted building with a rentable area of approximately 1798m2.

Condition of improvements

The “Janvoël” property is in a generally maintained condition with no structural defects
noticed. Only minor maintenance items were noticed.

Property Details
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 7

  Tenancy overview & Rental forecast

                                  Lettable   Rental    Lease Expiry   Escal.   Escal.   Jul 2018 Aug 2018 Sep 2018 Oct 2018 Nov 2018 Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019
             Tenant                                                                                                                                                                                                 Total
                                    area     rate/m²       Date       month     rate        1       2        3        4        5        6        7        8        9        10      11        12
  Shop
  0001 - Mida Bekery Supplies /
  Mida Logistics                  243 m²     47,14      2018/10/31     N/A     0,00%    R 11 456    R 11 456   R 11 456   R 11 456 R 11 456 R 11 456 R 11 456 R 11 456 R 11 456 R 11 456 R 11 456 R 11 456 R 137 472
  0002 & 0003 - Dumiyah Sales     203 m²     63,46      2019/05/31      1      8,00%    R 12 882    R 12 882   R 12 882   R 12 882 R 12 882 R 12 882 R 12 882 R 12 882 R 12 882 R 12 882 R 12 882 R 12 882 R 154 584
  0004, 0005 & 0006 - Mida
  Bekery Supplies / Mida          436 m²     50,67      2018/10/31     N/A     0,00%    R 22 093    R 22 093   R 22 093   R 22 093 R 22 093 R 22 093 R 22 093 R 22 093 R 22 093 R 22 093 R 22 093 R 22 093 R 265 116
  Warehouse
  0001 - Coricraft                916 m²     33,90      2022/07/31      2      7,00%    R 31 050    R 33 223   R 33 223   R 33 223 R 33 223 R 33 223 R 33 223 R 33 223 R 33 223 R 33 223 R 33 223 R 33 223 R 396 505
  Total                           1798 m²                                               R 77 481    R 79 654   R 79 654   R 79 654 R 79 654 R 79 654 R 79 654 R 79 654 R 79 654 R 79 654 R 79 654 R 79 654 R 953 677

  EXPENDITURE                                                                           R 8 187     R 8 187    R 8 187    R 8 187   R 8 187   R 8 187   R 8 187   R 8 187   R 8 187   R 8 187   R 8 187   R 8 187   R 98 239

          Please note: The leases of Shops 0001, 0004, 0005, 0006 expire on 31 October 2018, therefore the forecast is based on an escalation of 0% in
          rental and the assumption that the shops will be tenanted on a month to month basis thereon forward.

          Also note that the current owner recovers all municipal service expenses (refuse collection and assessment rates) and the electricity, water
          and sewerage are all metered and paid for by the tenants.

Tenancy Overview & Rental Forecast
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 8
SG Diagram

 Surveyor General Diagram
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 9
Zoning Certificate

Zoning Certificate
ERF 335 JAN NIEMAND PARK - "JANVOËL" - The Auctioneer
Page 10

 Municipal Rates

Municipal Rates
Page 11

   Photographs

Photographs
Page 12

    Aerial picture

Aerial picture
Page 13

     Site plan

Site Plan
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