property valuation photographs current tenancy sg diagrams contact details
DESCRIPTION
SALES PACK OLIVEDALE OFFICE PARK, OLIVEDALE. Property valuation Photographs Current tenancy SG diagrams Contact details. Property Summary. - PowerPoint PPT PresentationTRANSCRIPT
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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
Property Summary
SALES PACKOLIVEDALE OFFICE PARK, OLIVEDALE
Zoning : Special Permitted uses : Offices only F.A.R. / Bulk : 0.4 Permitted Height : 2 Storeys Permitted coverage : 30% Parking requirements : 4 Parking bays per 100m² net office floor area
The property is situated in the City of Johannesburg Local Municipality. According to the Town Planning Scheme, the property is zoned as follows:
Title Deed Number : T54658/2008 Registered Owner : Emira Property Fund Title Deed Description : Erf 932 Olivedale Extension 10 Erf extent : 8 474 m²
Olivedale Office Park Cnr. Olive and Lima Street Olivedale Randburg
General
Title deed information
Municipal information
Town planning - permitted
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 2 PROPERTY SUMMARY
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 3 LOCALITY
The property is situated in Olivedale, Randburg which is a designated commercial area and is currently experiencing high demand. Olivedale is ideally located behind a small convenience shopping centre and enjoys access to Hans Strydom and the N1 via President Fouche road. The property enjoys all municipal services such as tarred roads, water, sewerage and electricity. All necessary amenities are available in the nearby suburbs of Randburg and Cresta.
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 4 LOCALITY
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 5 INDICATIVE PROPERTY VALUATION
Description Market rate Monthly rental Office 3 227.00 m² R 63.00 /m² R 203 301 Total GLA 3 227.00 m² Parking – covered 49 bays R 360.00 /bay R 17 640 Parking – open 30 bay R 260.00 /bay R 7 800 Total parking bays 79 bays Gross monthly rental R 228 741 Gross annual rental R 2 744 892 Vacancy provision annual R 137 245 (5%) Gross annual income R 2 607 647
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 6 INDICATIVE PROPERTY VALUATION
Description Annual R/m² per month Less estimated annual expenses Service contracts R 141 576 R 3.66 /m² Consumables R 8 453 R 0.22 /m² Maintenance R 60 762 R 1.57 /m² Insurance R 13 074 R 0.34 /m² Property Management R 65 191 R 1.68 /m² Security R 214 044 R 5.53 /m² Municipal rates R 89 480 R 2.31 /m² Total expenses R 592 580 R 15.30 /m² Net annual income R 2 015 067 Capitalised at 10.5% R 19 191 114 Asking price R 19 100 000
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 7 PHOTOGRAPHS
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 8 CURRENT TENANCY (LARGEST 5) & TOTAL VACANCY
Tenant Area DNA Telesales 690 Rose Courtz Trading 279 Associated Neural Technologies 245 R & R Wholesalers and Distributors 208 Uphando Forensic Services Gauteng 162 Vacancy 1 437
The auctioneers have taken the greatest care to ensure the accuracy of information received and cannot be held responsible for any errors or omissionsTerms: 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 – Olivedale Office Park, Olivedale 9 SG DIAGRAMS