Thembi Place Office Park - 6 Tembi Crescent - Aucor
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Lone Hill Multi-Tenanted Office Building
Sandton GLA ±300m2
Thembi Place Office Park - 6 Tembi
Crescent
Thursday, 14 March 2019 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg
Craig La Vita | 072 733 7470 | CraigL@aucor.com
Version 2: 25 February 2019
Multi-Tenanted Office Building – Lone Hill, Sandton
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 6
General Information Page 7
Locality Information Page 8
Property Description Page 10
Building Plans Page 12
Tenancy and Income Summary Page 14
Lease Summaries Page 15
Rates Statement Page 17
Levy Statement Page 19
Supplementary Documentation Page 20
Zoning Information Page 23
Surveyor Diagram Page 27
Title Deed Page 28
/AucorProperty www.aucorproperty.co.za 2
Multi-Tenanted Office Building – Lone Hill, Sandton
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 other wise
of Aucor Corporate (Pty) Ltd T/A Aucor Property or the Seller/s or any other person.
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Auction Information
Deposit 5% of 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/
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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
Multi-Tenanted Office Building – Lone Hill, Sandton
Property Images
Exterior Images
/AucorProperty www.aucorproperty.co.za 4
Multi-Tenanted Office Building – Lone Hill, Sandton
Property Images
Interior Images
/AucorProperty www.aucorproperty.co.za 5
Multi-Tenanted Office Building – Lone Hill, Sandton
Executive Summary &
Key Investment Highlights
Street Address: Thembi Place Office Park - 6 Tembi Crescent, Sandton
GPS Co-Ordinates: -26.0168, 28.0290
Registered Land Size: 525m²
Special – (see the zoning certificate attached to this
Zoning:
brochure)
R7 753,34 / month (excluding consumption charges and city
Assessment Rates & Levies:
lev ies)
See page 11 for full accommodation details
Accommodation: I mprov ements on the property comprise of a tw o storey,
rectangular-footprint, office building.
Approx. Total Gross Leasable Area:±300m² (Seller Prov ided)
Occupation: The property is multi-let. See pages 14-16 for details.
I ncome generating opportunity in Sandton
Free-hold office building in a secured office park.
Conv eniently nestled betw een Witkoppen Road, William Nicol
Key Investment Highlights:
Driv e and Main Road w ith easy access from Lonehill
Boulev ard. The N1, N14 and N3 Highw ays are all relativ ely
nearby.
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
Multi-Tenanted Office Building – Lone Hill, Sandton
General Information
Street Address Thembi Place Office Park - 6 Tembi Crescent, Sandton
GPS Co-Ordinates -26.0168, 28.0290
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Title Deed Information
Title Deed Number T54142/2009
Registered Owner Van Houten Properties Trust
Title Deed Description Portion 57 of Erf 586, Lone Hill Extension 5
Registered Land Size 525m²
Title Deed Conditions See a copy of the Title Deed attached to this brochure
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Municipality Information
Municipality City of Johannesburg Metropolitan Municipality
Rates Excluding consumption charges and city levies - based on the
rates statement for the January 2019 billing period (see a copy
attached to this brochure for these and other charges)
2018 / 2019
Municipal Rates 2018 / 2019 2018 / 2019
Exclusion Rebate Monthly Rates
Valuation Category Tariff Annual Rates
(Annual ÷12)
R 2 640 000 Business N/A N/A 0,0190970 R 50 416,08 R 4 201,34
Monthly Lev y (including CSOS Lev y) R 3 552,00
Total Property Rates and Lev ies Payable per Month R 7 753,34
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Zoning Information
Zoning¹ 'Special'
Amendment Scheme 0441E
Primary Rights Offices and Residential
Density N/A (To be verified)
Coverage 15%²
Floor Area Ratio 0.30²
Height Restriction 2 Storeys
Building Lines 5m along the street boundary, 3m along all other boundaries
Parking 4 Parking bays per 100m² office area
¹City of Johannesburg Land Use Scheme, 2018 – a copy of the scheme will be made available upon
request.
²In terms of previous mother erf - Portion 1 of Erf 586 also know as Lone Hill Extension 5. The City of
Johannesburg should be contacted If further information is required.
/AucorProperty www.aucorproperty.co.za 7
Multi-Tenanted Office Building – Lone Hill, Sandton
Locality Information
Macro Locality
The subject property is located in the popular, up-market suburb of Lone Hill, Sandton. Lone Hill and its adjacent
suburbs are mainly home to a combination of higher density sectional and free-hold residential units in security
estates together with commercial activities such as retail facilities and office buildings concentrated along main
roads. The subject property is conveniently nestled between Witkoppen Road, William Nicol Drive and Main Road
with easy access from Lonehill Boulevard. The N1, N14 and N3 Highways are located in close proximity. The ideal
location makes access to the property from major commercial centres such as the broader Fourways, Midrand,
Sandton, Kaya Sand and Randburg areas fairly easy. All major amenities, including a number of shopping
centres, entertainment facilities, hospitals and schools are available in the area.
GPS coordinates for the site are as follows: -26.0168, 28.0290
Lone Hill
Fourways
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe N
/AucorProperty www.aucorproperty.co.za 8
Multi-Tenanted Office Building – Lone Hill, Sandton
Locality
Locality
Information Information
Micro Locality
Lonehill Nature Reserve
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 9
Multi-Tenanted Office Building – Lone Hill, Sandton
Locality
Property
Information Description
Approximate Boundaries
N
Image Data: City of Johannesburg
/AucorProperty www.aucorproperty.co.za 10Multi-Tenanted Office Building – Lone Hill, Sandton
Property Description
Accommodation Improvements on the property comprise of a two storey, rectangular-footprint,
office building.
The ground floor consists of a shared entrance and reception area, a kitchenette
and ablution facilities together with six offices varying from approximately 12m² to
15m² each. The first floor comprises a shared boardroom with balcony, kitchenette,
ablution facilities and another six offices also varying from 12m² to 15m² each. A
staircase links the ground floor and first floor.
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Additional Features Additional property features include:
• Various all-in-one air-conditioning units
• Wheelchair-friendly access to the reception area
• Landscaped gardens maintained by the body corporate (communal
property)
• Various lightning conductors in the complex (communal property)
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Construction The building is constructed from a cast-in-situ concrete framework with rendered
and painted brick inserts with wood-framed windows and doors. The roof is a flat-
shaped concrete roof with a hip-shaped grass section. Internal configurations of
offices are predominantly from dry-wall.
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Fixtures and Finishes The flooring in the reception area, kitchenettes and ablution facilities are
predominantly fitted with slate-type tiles while the offices and halls are fitted with
wall-to-wall carpets. Walls are predominantly from rendered and painted brick
with ceilings being mostly suspended ceiling boards with various downlights,
pendant lights, strip lights and suspension lights. The boardroom has open roof
trusses going with the grass roof fitted over the boardroom section of the building.
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Utilities Electricity is supplied by Eskom while all other services are supplied by the City of
Johannesburg. Utilities are seemingly not separately metered per tenant.
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Gross Leasable Area ±300m² split equally over two levels (Seller provided)
/AucorProperty www.aucorproperty.co.za 11Multi-Tenanted Office Building – Lone Hill, Sandton
Parking 14 Covered Parking Bays
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Occupation The property is multi-let. See pages 14-16 for details.
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Condition The building appears to be in good condition with ongoing repairs and
maintenance required. No structural survey of the buildings 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 12Multi-Tenanted Office Building – Lone Hill, Sandton
Building Plans
Floor Plan Layouts Only – Ground Floor
Office 2 Office 4
Office 1* Office 3*
*Office 1 and 3 has seemingly been sub-divided into two portions.
/AucorProperty www.aucorproperty.co.za 13Multi-Tenanted Office Building – Lone Hill, Sandton
Building Plans
Floor Plan Layouts Only – First Floor
Office 9 Office 12
Office 8 Office 11
Office 7 Office 10
/AucorProperty www.aucorproperty.co.za 14Multi-Tenanted Office Building – Lone Hill, Sandton
Tenancy and Income Summary
Tenancy and Monthly Income Summary
Basic Rent
Premises Item / Tenant Expiry Date Esc
(Monthly)
Rental (Excl consumption charges, rates and levies)
Office 1 and 2 Alv i Consultants CC 30-Nov -20 8% R 7 668,70
Office 3 Bizzco 31-Dec-19 TBA R 7 096,00
Office 4 Vacant
Office 7-12 Golf Estate Management Serv ices CC 28-Feb-20 TBA R 13 500,00
Parking
1 X Parking Bays - Alv i Consultants CC 30-Nov -20 N/A R -
2 X Parking Bays - Bizzco 31-Dec-19 N/A R -
6 X Parking Bays - Golf Estate Management Serv ices CC 28-Feb-20 N/A R 3 000,00
5 X Vacant Parking Bays
Total Contractual Income (Monthly excl consumption charges, rates and levies) R 31 264,70
Notes/Assumptions
1. Based on a combination of the rent roll / tenancy schedules and additional information supplied by the Seller.
2. All rental information presented above is exclusive of VAT.
3. Only contractual income was considered and no provision for the recovery of consumption charges, rates and levies was
made.
4. Office 1 is seemingly subdivided into two offices.
5. Apart for VAT, The basic rental for Alvi Consultants CC is all inclusive. No additional consumption charges, rates or levies are
6. Office 3 is seemingly subdivided into two offices.
7. The lease agreement for Golf Estate Management CC has been signed by the tenant but has not yet been co-signed by the
landlord. Official occupation from 1 March 2019.
8. No separate rentals charged for Alvi Consulting's and Bizzco's parking bays.
9. Based on observation some of the vacant parking bays are seemingly rented out to another company, however, no information
has been received from the seller.
Special Note - The rental information in this brochure is not intended to constitute specific advice nor to substitute for a due
diligence exercise, and accordingly should not be relied upon to make a purchase decision. Prospective purchasers should 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.
/AucorProperty www.aucorproperty.co.za 15Multi-Tenanted Office Building – Lone Hill, Sandton
Lease Summaries
These lease summaries should not be relied upon in isolation and should be read in conjunction with the executed lease
document, copies of which are available to bona fide prospective purchasers upon request.
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Lease 1
Tenant Alvi Consultants CC
Rentable Area ±40m² - Office 3*
Start Date 1 December 2017
Expiry Date 30 November 2020
Renewal Period TBA
Escalation Rate 8%
Monthly Rental (excl VAT) From To Area (m²) Basic Rental
2017/12/01 2018/11/30 R 7 100,00
2018/12/01 2019/11/30 40* R 7 668,70
2019/12/01 2020/11/30 R 8 282,61
Other Inclusions 1 Covered parking bay
Use of the first floor boardroom, reception and common areas
Additional Charges N/A
*Based on observation, Office 3 was seemingly divided into two individual offices of which the total area
constitutes approximately 25.75m² as per he seller provided floor plans and not 40m² as indicated in the
lease agreement.
The kitchen and ablution facilities on the ground floor are said to be shared with Bizzco (See Lease 2 below)
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Lease 2
Tenant Bizzco
Rentable Area Offices 1 – 2*
Start Date 1 January 2019
Expiry Date 31 December 2019
Renewal Period TBA
Escalation Rate TBA
Monthly Rental (excl VAT) From To Area (m²) Basic Rental
2019/01/01 2019/12/31 TBC R 7 096,00
Other Inclusions 2 Covered parking bays
Use of the first floor boardroom, reception and common areas
Additional Charges Share of water and electricity consumed
/AucorProperty www.aucorproperty.co.za 16Multi-Tenanted Office Building – Lone Hill, Sandton
* Based on observation, Office 1 was seemingly divided into two individual offices. Total area occupied by
the tenant is approximately 40m² as per the seller provided floor layout plans.
The kitchen and ablution facilities on the ground floor are apparently shared with Alvi Consultants (See
Lease 1 above)
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Lease 3
Tenant Golf Estate Management Services CC
Rentable Area 150m² - First Floor Offices 7-12*
Start Date 1 March 2019
Expiry Date 28 February 2020
Renewal Period TBA
Escalation Rate TBA
Monthly Rental (excl VAT) From To Approximate Area (m²) Basic Rental
2019/03/01 2020/02/28 150* R 13 500,00
Other Inclusions Use of the first floor boardroom/ reception/ common areas
Additional Charges 6 Covered parking bays at R500.00 (excl VAT) per parking bay
Share of water and electricity consumed
*Based on observation the rentable area of 150m² includes the first floor boardroom, staircase and landing
which are not for the tenant’s exclusive use. The boardroom on the first floor must be shared with all other
tenants in the building.
The kitchen and ablution facilities on the first floor are said to be for the sole use of Golf Estate Management
Services CC.
The lease has been signed by the tenant. The landlord must still co-sign the lease agreement. Official
occupation from 1 March 2019
/AucorProperty www.aucorproperty.co.za 17Multi-Tenanted Office Building – Lone Hill, Sandton
Rates Statement
/AucorProperty www.aucorproperty.co.za 18Multi-Tenanted Office Building – Lone Hill, Sandton
Rates Statement
/AucorProperty www.aucorproperty.co.za 19Multi-Tenanted Office Building – Lone Hill, Sandton
Levy Statement
/AucorProperty www.aucorproperty.co.za 20Multi-Tenanted Office Building – Lone Hill, Sandton
Supplementary Documentation
Electricity Invoice - Eskom
/AucorProperty www.aucorproperty.co.za 21Multi-Tenanted Office Building – Lone Hill, Sandton
Supplementary Documentation
Tenant Invoice – Alvi Consultants CC
/AucorProperty www.aucorproperty.co.za 22Multi-Tenanted Office Building – Lone Hill, Sandton
Supplementary Documentation
Tenant Invoice – Bizzco
/AucorProperty www.aucorproperty.co.za 23Multi-Tenanted Office Building – Lone Hill, Sandton
Zoning Information
/AucorProperty www.aucorproperty.co.za 24Multi-Tenanted Office Building – Lone Hill, Sandton
Zoning Information
/AucorProperty www.aucorproperty.co.za 25Multi-Tenanted Office Building – Lone Hill, Sandton
Zoning Information
/AucorProperty www.aucorproperty.co.za 26Multi-Tenanted Office Building – Lone Hill, Sandton
Zoning Information
/AucorProperty www.aucorproperty.co.za 27Fully Let Office & Rental Facility – Illovo, Johannesburg
Surveyor General Diagram
/AucorProperty www.aucorproperty.co.za 28Fully Let Office & Rental Facility – Illovo, Johannesburg
Title Deed
/AucorProperty www.aucorproperty.co.za 29Fully Let Office & Rental Facility – Illovo, Johannesburg
Title Deed
/AucorProperty www.aucorproperty.co.za 30Fully Let Office & Rental Facility – Illovo, Johannesburg
Title Deed
/AucorProperty www.aucorproperty.co.za 31Fully Let Office & Rental Facility – Illovo, Johannesburg
Title Deed
/AucorProperty www.aucorproperty.co.za 32Fully Let Office & Rental Facility – Illovo, Johannesburg
Title Deed
/AucorProperty www.aucorproperty.co.za 33Fully Let Office & Rental Facility – Illovo, Johannesburg
/AucorProperty www.aucorproperty.co.za 34You can also read
