The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. Property valuation Photographs Current tenancy SG diagrams Contact details SALES PACK MIDRAND MOTOR CITY, MIDRAND Property Summary
Sales Pack – Midrand Motor City, Midrand 2 PROPERTY SUMMARY General Midrand Motor City 1081 Main Road Midrand Title deed information Title Deed Number : T93264/2001 Registered Owner : Arnold Properties Pty Ltd Title Deed Description : Erf 45 Randjespark Ext 25, Erf 199 Randjespark Ext 36 Erf extent : 15,436 m² Municipal information The property is situated in the City of Johannesburg Local Municipality. According to the Town Planning Scheme, the property is zoned as follows: Town planning - permitted Zoning : Special Permitted uses : Office, Industrial, Workshop, Lubrication Bay, Storage F.A.R. / Bulk : 0.5 Permitted Height : 2 Storeys Permitted coverage : 40% Parking requirements : 6 bays per 100m2 gross leasable floor area Building lines : 16m from road P1-2, 10m from any other street boundary, 15m from any other boundary The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT.
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. 3 Sales Pack – Midrand Motor City, Midrand LOCALITY The property is situated north of the busy Midrand CBD on the Old Pretoria Road. Midrand CBD is one of the prime business centres of Gauteng. The property faces onto the Main Road with prime exposure and high vehicle traffic. The property is surrounded by similar type commercial properties. The area is accessible via main and secondary routes, such as Allandale off the M1 highway. The property enjoys all municipal services such as tarred roads, water, sewerage and electricity. All necessary amenities are available within the CBD and nearby.
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. Sales Pack – Midrand Motor City, Midrand LOCALITY
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. Sales Pack – Midrand Motor City, Midrand INDICATIVE PROPERTY VALUATION Description Market rate Monthly rental Office m² R /m² R FF Action Crick m² R /m² R Shops m² R /m² R Store Room m2 R /m2 R Workshop m² R /m² R Yard m² R 0.00 /m² R 0 Concession Area m² R 0.00 /m² R 0 Total GLA m² Parking - Open R 0 Parking - Shade 8 - R 0 Parking - Covered 3 - R 0 Total Parking bays 198 Gross monthly rental R Gross annual rental R Vacancy provision annual R (10%) Gross annual income R
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. Sales Pack – Midrand Motor City, Midrand INDICATIVE PROPERTY VALUATION Description Annual R/m² per month Less estimated annual expenses Service contracts R R 0.91 /m² Maintenance R R 0.42 /m² Insurance R R 0.31 /m² Property Management R R 1.28 /m² Security R R 1.94 /m² Municipal rates R R 6.23 /m² Total expenses R R /m² Net annual income R Capitalised at 11.0% R Asking price R
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. Sales Pack – Midrand Motor City, Midrand PHOTOGRAPHS
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. Sales Pack – Midrand Motor City, Midrand 8 CURRENT TENANCY (OVER 200m2) & TOTAL VACANCY Unit No. Tenant Area A012 Midrand Action Sports C2,3,4 Dent Doctor 933 C001 Dekra Automotive 788 AG008, AW S006a WAG – Coachmans Auto Body Repair 632 B1/5 Midrand Speedy Tyre and Exhaust 527 BG002 PG Glass 477 AG011 LNT Auto Performance 355 Workshop Midrand Canopy Centre 267 AG003 AFROX 218 AG007 Radical Wheelz 216 Vacancy 503
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissions Terms: 21.4% guaranteed cheque deposit on fall of the hammer. Guarantees for the balance within 21 days of confirmation. Identity or Company number required to register. Bid prices exclude VAT. Sales Pack – Midrand Motor City, Midrand SG DIAGRAMS