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: Darren Winterstein Benoni CBD Mixed Use Property 68 Cranbourne Avenue & 69 Woburn Avenue Wednesday, 17 September 2014 @ 12h00 The Maslow, Corner Grayston Drive & Rivonia Road – Sandton Thabo Molomo | 073 518 0742 | [email protected]
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Benoni CBD Mixed Use Property · Mixed Use Property Benoni CBD Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the
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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: Darren Winterstein
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Index
Disclaimer
Images
Property Information
Locality
Property Description
Tenancy
Surveyor Diagram
Zoning
Auction Information
Deposit 5% of bid price Commission 10% plus 14% VAT thereon of the bid price Confirmation period 2 Days Rules of auction and conditions of sale are available on www.aucorproperty.co.za/
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Images
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Images
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Images
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Property Information
General Property Address 68 Cranbourne Avenue & 69 Woburn Avenue
Benoni CBD
Title Deed Information Title Deed Number T 2947/2008
Shops, Business Premises, Dwelling Houses, Residential Buildings, Places of
Public Worship, Places of Instruction, Social Halls
Craft Industries, Services Industries, Public Garages, Parking Garages, Special
Use
Industrial Buildings other than craft or service industrial buildings
Maximum Height Width of Street 25.188m Coverage 90% - 1,285.2m² (combined)
Floor Area Ratio Not specified Density one dwelling per 300m²
Building Lines “Buildings, including outbuildings, hereafter erected on the erf shall be located not less than 5m from any
street boundary and not less than 2m from any other boundary thereon: Provided that the Local Authority
may relax this restriction if it would in its opinion result in an improvement in the development of the erf”
Property assessment rates based on municipal valuation and new tariff (effective July 2014) published by the Ekurhuleni Metropolitan
Municipality website (2014/15 period) – excluding city levies
Erf 2013 Municipal Valuation Rating Category 2014/15 Category Tariff2014/15 Annual
Assessment Rates
2014/15 Monthly
Assessment Rates
1133 R 4 350 000.00 Business & Commercial 0.01591 R 69 208.50 R 5 767.38
1134 R 4 600 000.00 Business & Commercial 0.01591 R 73 186.00 R 6 098.83
Total R 8 950 000.00 R 142 394.50 R 11 866.21
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Locality
The subject property is situated at between 68 Cranbourne Avenue & 69 Woburn Avenue in the heart of Benoni CBD. Woburn
Avenue is a major street servicing Benoni CBD and runs from south-west to north-east and links with Snake Road. The street
experiences good levels of vehicular and pedestrian traffic. Cranbourne Avenue leads to a cul-de-sac thus with less traffic but an
environment more conducive to residential and office uses. The property is relatively easily accessible from the N12 freeway, of
which the most obvious routes are via Tom Jones Road or Snake Road.
Nearby residential suburbs to the area include Northmead, Morehill and Lakefield among others. There are various amenities located
in the general area such as various schools, shops and medical facilities. All municipal services such as tarred roads, water,
sewerage and electricity are present in the area.
GPS co-ordinates for the site is as follows: Cranbourne Avenue - S 26°11'24.09"; E 28°19'05.84" Woburn Avenue - S 26°11'22.08"; E 28°19'04.66"
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Property Description
Primary Use Retail shops, offices & 10 x apartments – potential for additional residential conversion
Storey's A combination of 2 and 4 storeys
Internal Walls Offices – A combination of dry-walled, painted plaster and face brick walling
Remainder – mostly painted plaster
Floors A combination of types including good quality carpet & ceramic tile (predominately offices), vinyl tile and
concrete
Ceilings A combination of suspended ceilings, ceiling boards and painted concrete ceilings
Elevator Single passenger elevator (Otis) servicing ground to 2nd floor – not operational
Air-conditioning Various wall mounted and cassette units in the office areas
Condition The property varies in condition from neat and well maintained (retail & offices) to requiring repairs and
maintenance (apartment section). We have not undertaken a structural survey nor have we arranged for
tests or inspections of the service installations; however these appear to be sound and in working order.
Accommodation The subject property comprises a two interlinked buildings. The Cranbourne Avenue side building is 4
storeys and comprises 5 shops, offices and 10 apartments (6 x 2 bedrooms & 4 x 1 bedrooms). The
Woburn Avenue building is double storey and comprises ground floor parking garage, first floor offices
(interlinked with the Cranbourne Avenue building) and an enclosed parking yard.
Cranbourne Avenue
The ground floor comprises 5 shops and an entrance foyer to the office sections and apartments. The
foyer hosts a passenger elevator (not working) and a stairwell. The 1st floor comprises neat offices with
board room, 2 x small business/office units, kitchenette, male & female toilets and the laundry drying area
for the apartment dwellings. The 2nd and 3rd floors host 5 apartments each (6 x 2 bedrooms & 4 x 1
bedrooms).
Woburn Avenue
This building was previously occupied by ABSA. The ground floor comprises a parking garage accessible
through a motorised rolling shutter. The parking garage hosts 14 parking bays and storage. The first floor
comprises office space which extends into the Cranbourne Avenue building. The offices comprise various
dry walled offices, meeting room, male and female toilets, gym, server room and a large open space with a
stairwell leading to the 2nd floor in the Cranbourne Avenue building.
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Property Description
Approximate Boundaries – Source: Ekurhuleni GIS
Approximate Building Areas – based on on-site and additional aerial measurements
Woburn Side 650
Garage 313
1st Floor 337
Cranbourne Side 1401
Ground 703
First 698
Total Retail / Office GBA 1738
Garage 313
Excluding Apartments
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Property Description
We have been supplied with the following tenancy information (May to June 2014)
DATE INVOICE NO SITE FLAT/SHOP OWNER ACTIVITY EXPECTED AMOUNT
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Surveyor Diagrams
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.
Surveyor Diagrams
Mixed Use Property Benoni CBD
Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 (Pty) Ltd or the Sellers or any other person.