Excellent Location & Street Frontage - Cloudinary...Motor Dealer Showroom - Hatfield The auction is...
26
LENASIA PROPERTY AUCTION The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 1 MOTOR DEALER SHOWROOM! Excellent Location & Street Frontage 1251 Francis Baard Street l Hatfield, Pretoria PROPERTY AUCTION WH Auctioneers Properties (PTY) Ltd 578 16 th Road, Randjespark, Midrand Tel: 0115745700 www.whauctions.com Erf 392 Hatfield, Pretoria Auction Date: Tuesday, 17 April 2018 – 12H00 Venue: 1251 Francis Baard Street, Hatfield, Pretoria, On-Site Auctioneer: Tim Varenzakis For more information regarding auction registration, see Guideline for the Auction on page 3. Contact for further info: Daniel Pelkowitz Cell: 072 360 7510 Email: [email protected]
Transcript of Excellent Location & Street Frontage - Cloudinary...Motor Dealer Showroom - Hatfield The auction is...
LENASIA PROPERTY AUCTION
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 1
MOTOR DEALER SHOWROOM!
Excellent Location & Street Frontage
1251 Francis Baard Street l Hatfield, Pretoria
PROPERTY AUCTION
WH Auctioneers Properties (PTY) Ltd
578 16th Road, Randjespark, Midrand
Tel: 0115745700
www.whauctions.com
Erf 392 Hatfield, Pretoria
Auction Date: Tuesday, 17 April 2018 – 12H00
Venue: 1251 Francis Baard Street, Hatfield, Pretoria, On-Site
Auctioneer: Tim Varenzakis
For more information regarding auction registration, see Guideline for the Auction on page 3.
Contact for further info:
Daniel Pelkowitz Cell: 072 360 7510 Email: [email protected]
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 2
Index
1. Guideline to Auction Page 3
2. General Page 4
3. Title Deed Information Page 4
4. Locality Page 4
5. Description of Improvements Page 7
6. Financial Information Page 9
7. Site Photographs Page 10
8. Municipal Accounts Page 13
9. Zoning Certificate Page 17
10. Site Plan Page 22
11. Title Deed Extract Page 23
12. SG Diagram Page 26
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 3
1. GUIDELINE FOR THE AUCTION
Auction Date & Venue: Tuesday, 17 April 2018 @ 12pm ON SITE – 1251 Francis Baard Street Hatfield, Pretoria. Registration: Bidders can register at any time prior to auction or from 11am on auction day at the above-mentioned venue. Identity and FICA documents are required in order to register for the auction. All potential buyers are required to pay a registration fee of R25 000 in order to bid at the auction. This amount can be paid either by bank guaranteed cheque or EFT into the Auctioneer’s trust account. Cash will NOT be accepted at the venue. Once registered each buyer will be issued with a buyer’s card reflecting a buyer’s number. Upon signature of the registration documents, all buyers will have acknowledged and accept the Terms and Conditions set out in the Rules of Auction. Registration Fee: R25 000.00 (Refundable to unsuccessful bidders) Deposit: 21.4% of hammer price Confirmation period: 7 business days. Balance of the purchase price payable within 21 business days after confirmation of sale. The bid price excludes the buyer’s premium which is payable over and above the purchase price.
Example: Highest bid with buyer’s premium Bid Price: R 100 000.00 Buyers comm. (10%) R 10 000.00 VAT on the Buyer’s Premium R 1 400.00 Total Purchase Price R 114 000.00
The auctioneers have the right to regulate the bidding at the auction and to bid on behalf of the seller up to (but not exceeding) the reserve price as mandated by the seller. When the auctioneer knocks down the property to the highest bidder the successful bidder will sign the Conditions of Sale on the day. A deposit of 21.4% is payable on the fall of the hammer. This percentage is made up of the commission payable by the successful bidder of 10% plus VAT (namely, 11.4%) plus a 10% deposit on the purchase price of the Property. The deposit is payable by way of a Bank Guaranteed cheque or electronic transfer. The deposit and buyer’s premium are deposited into the WH Auctioneers Trust account. For queries regarding the properties on auction contact: Daniel Pelkowitz: 072 360 7510 WH Auctioneers offices: 011 574 5700
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 4
2. GENERAL
Property Address: 1251 Francis Baard (Schoeman) Street, Hatfield, Pretoria, Gauteng Erf & Suburb & City: Erf 392, Hatfield, Gauteng
3. TITLE DEED INFORMATION
Deeds Office: Pretoria Title Deed No. T75905/2010 Erf Size: 1 664m2 Gross Lettable Area (GLA) Show Room: 570m2
Canopied Area: 172m2 Total GLA: 742m2 Yard Space and Carports: ±922m2 Zoning: Zone 28: Special Zoning – Motor Dealership (Zoning Certificate attached below)
4. LOCALITY
The subject property is situated at 1251 Francis Baard Street, Hatfield. Hatfield is a suburb in Pretoria, South Africa with a high density of students and student accommodation due its proximity to the University of Pretoria's main campus. Hatfield is home for one of the major campuses of University of Pretoria. Hatfield also houses one of the main stations for the Gautrain, South Africa's premiere mass rapid transit railway.
Francis Baard is an extremely busy street with very high traffic flows and actually becomes the N4 highway one of the country’s main motor ways. The street is categorized mainly by car dealerships such as Volkswagen, Toyota, Peugeot and Citroen, as well as high end office blocks.
The subject property offers good access to the local amenities including shopping centres, petrol stations and embassies.
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 5
The GPS Co-ordinates of the property are as follows:
S – 25˚74’58.67”
E – 28˚24’25.64”
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 6
PROXIMITY TO OTHER CAR DEALERSHIPS
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 7
5. DESCRIPTION OF IMPROVEMENTS
The subject property comprises good quality motor deal showroom space with an erf size that measures approximately 1 662m2 with a GLA of 742m2. The site is triangular In shape. The property is very well located along the very busy arterial route known as Francis Baard (previously Schoeman) Street in Hatfield. Showroom
The street front retail section of the building consists of good show room space as well as a reception area, offices, ablutions and kitchen facilities. The entire shop front is double volume glazing which allows for easy viewing of stock from passing traffic. Internal floors are ceramic tiles in the showroom while same are wooden floor boards in the office are. Internal ceilings are pressed ceiling as well as dropped ceiling boards. The internal showroom measure approximately 570m2 there is further yard and carport space available behind the showroom. Internal walls are plastered and painted brickwork as well as prefabricated drywalling. Access can be gained to the showroom via numerous access points from the street as well as via 2 roller shutter doors.
External walls consist of plastered and painted brickwork, concrete pillars as well as glazing. The roof is IBR sheeting.
The office section of the property appears to have previously been a house. External walls are also plastered and painted brickwork while the roof is a pitched roof with zinc sheeting.
Yard Space
The entire yard showroom space measures approximately 600m2 with 170m2 being under a carport. The remainder of the yard has shade netting carports as well as open air parking bays. The carport is constructed from steel beams and a chromadek roof. Flooring consists in interlock brickwork paving. The perimeter is secure by palisade fencing.
General
In general the building appears to be in a good condition.
Parking Lot
There is ample street front parking as well as on-site parking which can be accessed from a motorised access
gate from Francis Baard. There are carports behind the building. Parking lot surfaces consist of interlock
brickwork.
Site Access and Security
Access is gained to the site directly off Francis Baard Street. The property is secured by alarm systems and
CCTV cameras
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 8
Summary
Roof: IBR steel sheeting and ceiling boards.
External Walls: IBR sheeting and Plastered and Painted Brickwork
Internal Walls: Plastered and painted brickwork, IBR sheeting
External Floors: Brick paving
Internal floors: Ceramic tiles/Concrete/Wood
Condition: In general, the property appears to be in a decent condition with minor maintenance
and cleaning required to get the property back into good condition. The roof and
gutters appear to be fine appear to be in a fair condition requiring minor maintenance
in places.
A structural survey of the building has not been undertaken and will not form
part of this report. All structural and maintenance information are as per
information provided by the owners upon visiting the site.
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 9
6. FINANCIAL INFORMATION
The property was previously rented out to Kia Hatfield and is currently occupied by Customized Auctions on a 12-month leases. The net rental for the property is currently R45 387.30 per month which equates to roughly R80/m2. This rental is substantially lower than general market rentals which leave upside for any potential investor. The financial information of the leases is included in the rent roll below. Tenants are responsible for all running costs of the property including rates and taxes, water, electricity and sewerage.
RENT ROLL
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 10
7. SITE PHOTOGRAPHS
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 11
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 12
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 13
8. MUNICIPAL ACCOUNTS
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 14
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 15
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 16
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 17
9. ZONING CERTIFICATE
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 18
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 19
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 20
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 21
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 22
10. SITE PLAN
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 23
11. TITLE DEED
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 24
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 25
Motor Dealer Showroom - Hatfield
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 26
12. SG DIAGRAM
