652 Ontdekkers Road - Aucor
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Delarey Mixed-Use Investment Property
Randburg Gross Building Area - ±906m2
652 Ontdekkers Road
Thursday, 20 February 2020 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg
William Amerseder | 083 272 4556 | WilliamA@aucor.com
Version 1: 22 January 2020 NvV
Mixed-Use Investment Opportunity – Delarey, Randburg
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 5
General Information Page 6
Locality Information Page 7
Property Description Page 9
Projected Gross Annual Income Summary Page 12
Projected Gross Annual Income Page 13
Rental Summary Page 14
Lease Summary Page 15
Rates Statement Page 16
Zoning Information Page 18
Surveyor General Diagrams Page 23
/AucorProperty www.aucorproperty.co.za 2
Mixed-Use Investment Opportunity – Delarey, Randburg
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 otherwise
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 the 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
Mixed-Use Investment Opportunity – Delarey, Randburg
Property Images
/AucorProperty www.aucorproperty.co.za 4
Mixed-Use Investment Opportunity – Delarey, Randburg
Executive Summary &
Key Investment Highlights
Street Address: 652 Ontdekkers Road - Delarey, Randburg
GPS Coordinates: -26.1750, 27.9522
Registered Land Size: 781m²
Zoning: "Business 1" - See zoning confirmation attached to this brochure.
Assessment Rates: R 4,868.86/month - excluding consumption charges and city levies.
See from page 10 for full accommodation details
The improv ements on the subject property comprise a double-
Accommodation: storey building w ith a freeform footprint that has been configured
to include three (3) lettable commercial units on the ground floor
and approximately tw o (2) units on the first floor.
Area Description GLA (± m²)
Ground Floor 380
Unit 1 - Former liquor shop 120
Unit 2 - Supermarket 140
Unit 3 - Sound Shop 120
First Floor 340
Approx. Total Gross Lettable Areas:
Church Hall 1 160
Church Hall 2 180
Total Approximate GLA 720
Notes:
The approximate Gross Lettable Areas (GLA) summarised above are
approximates and are as supplied by the Seller.
The property is multi-let. The supermarket has a long-term lease
agreement in place w hilst the other tenanted units are
Occupation:
predominantly on a month-to-month basis. See from page 12 for
details.
Mixed-use inv estment opportunity w ith upside along the busy
Ontdekkers Road in Delarey, Randburg.
Excellent exposure from Ontdekkers Road, just off the Main Road
split - being the main throughfare betw een Johannesburg and
Roodepoort.
Key Investment Highlights: Projected first year GAI (Gross Annual I ncome) of ±R359 000,
Business 1 zoning - potential for residential conv ersion
opportunities.
Delarey is easily accessible v ia the M1 highw ay (Empire Road
being the closest on- and offramps), as w ell as the N1-highw ay v ia
the Gordon Road on- and offramps.
There is no obligation on the Seller to provide an electrical Certificate of Compliance. The CoC will be for
the potential purchasers account.
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 5
Mixed-Use Investment Opportunity – Delarey, Randburg
General Information
Street Address 652 Ontdekkers Road - Delarey, Randburg
GPS Coordinates -26.1750, 27.9522
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Title Deed Information
Title Deed Number T6838/2010
Registered Owner Bunya 20 CC - VAT registered.
Title Deed Description Erf 440, Delarey
Registered Land Size 781m²
Title Deed Conditions A copy of the Title Deed is on hand and will be made available
to bona fide prospective purchasers upon request thereof.
Servitudes The property is subject to a right-of-way servitude in favour of
the Town Council of Roodepoort vide Notarial Deed No. 376/68.
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Municipality Information
Municipality City of Johannesburg Metropolitan Municipality
Rates Excluding consumption charges and city levies. Based on the
Tax Invoice for the September 2019 billing period - see a copy
attached to this brochure for these and other charges.
Municipal 2019 / 2020 2019 / 2020 2019 / 2020 Monthly
Rates Category Exclusion Rebate
Valuation Tarif Annual Rates Rates (Annual ÷12)
R 2 900 000 Business N/A N/A 0,0201470 R 58 426,30 R 4 868,86
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Zoning Information
Zoning "Business 1" - see zoning confirmation attached to this brochure.
Permitted Uses (per scheme*) 'Business Purposes, Shops, residential buildings, place of
instruction, social halls, restaurant, car sales lot, motor
showrooms, showrooms, offices, public or private parking area,
institutions, religious purposes, dwelling units, warehouse'
Annexure Number/Consent Use Not applicable
Height Three (3) storeys
Floor Area Ratio 2,1/1,640.1m²
Coverage 50%/390.5m²
Density Not applicable
Building Lines 3m along street boundaries
Parking Requirements As per scheme
*City of Johannesburg Land Use Scheme, 2018 - A copy is on hand and will be made available upon request.
/AucorProperty www.aucorproperty.co.za 6
Mixed-Use Investment Opportunity – Delarey, Randburg
Locality Information
Macro Locality
The subject property is situated on the busy Ontdekkers Road (corner 13th Street) in an established suburb
of western Johannesburg known as Delarey. The property is advantageously located at the road curve
where Main Road becomes Ontdekkers Road as it approaches the N1 Western. Delarey is a predominantly
mixed-use area with Ontdekkers Road (and Main Road) offering the bulk of the commercial properties.
Main Road/Ontdekkers Road is a main thoroughfare leading from Johannesburg to Roodepoort and as
such, the subject property enjoys excellent levels of exposure to passing vehicular and pedestrian traffic.
Delarey is easily accessible via the N1 highway Gordon Road off-ramp. Nearby suburbs include Maraisburg,
Montclare, Bergbron and Florida Glen. All major amenities are easily accessible from the site. GPS
coordinates for the site are as follows: -26.1750, 27.9522
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe N
/AucorProperty www.aucorproperty.co.za 7
Mixed-Use Investment Opportunity – Delarey, Randburg
Locality Information
Micro Locality
N
Shopping Centre
The Berg
Gordon Rd
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 8
Note: Boundary lines may seem distorted due to the
photographic angle at which the image was taken.
Right of Way Servitude area – See S.G.
diagram No. A1041/67 attached to
this brochure.
/AucorProperty
Approximate Boundaries
Mixed-Use Investment Opportunity – Delarey, Randburg
Property Description
www.aucorproperty.co.za
Image Data: Chief Surveyor General (CSG) Spatial Data
9Mixed-Use Investment Opportunity – Delarey, Randburg
Property Description
Accommodation The improvements on the subject property comprise a double-storey building with
a freeform footprint that has been configured to include three (3) lettable
commercial units on the ground floor and approximately two (2) units on the first
floor.
The ground floor units provide street front exposure and access from Ontdekkers
Road and have been configured into units of varying sizes and layouts. Each
predominantly features open spans of retail floor space, with some units fitted with
additional storerooms, kitchens and ablutions.
The first floor, accessible via a staircase from the Ontdekkers Road street front, with
a secondary access from one of the ground floor units, offers two units of open
floor spans, configured to additionally include spaces such as offices, rooms,
ablutions and a kitchen (in places).
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Construction The building is predominantly constructed of rendered and painted brick walls with
steel framed windows and doors inserted throughout and topped with flat roofing
from IBR sheeting.
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Fixtures and Finishes Fixtures and finishes are predominantly according to tenant specifications and
comprise standard concrete floors combined with ceramic tiled floors with painted
walls and a combination of concrete ceilings and standard gypsum ceiling boards
with standard light fittings.
The ground floor units have each been fitted with 2-3 roller shutter doors each,
fitted with additional steel security gates.
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Utilities All services are supplied by the City of Johannesburg Metropolitan Municipality.
The Landlord is responsible for the rates and taxes levied on the property. The
tenants are responsible for all water and electricity fees. Electricity is separately
metered per unit whilst water is communally metered. Both are recovered on a
monthly basis.
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/AucorProperty www.aucorproperty.co.za 10Mixed-Use Investment Opportunity – Delarey, Randburg
Property Description
Area Description GLA (± m²)
Gross Lettable Area Ground Floor 380
Unit 1 - Former liquor shop 120
Unit 2 - Supermarket 140
Unit 3 - Sound Shop 120
First Floor 340
Church Hall 1 160
Church Hall 2 180
Total Approximate GLA 720
Notes:
The approximate Gross Lettable Areas (GLA) summarised above are
approximates and are as supplied by the Seller.
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Parking Four (4) street front parking bays are provided along Ontdekkers Road with some
additional parking space available along the eastern building perimeter.
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Perimeter Due to the nature of the development, the building defines the perimeter with
some sections enclosed with exposed face brick walls.
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Safety & Security Safety & security features vary between the different units. These include burglar
bars, steel gates, steel roller-shutter doors and security lights in places.
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Occupation The property is multi-let. The supermarket has a long-term lease agreement in
place whilst the other tenanted units are predominantly on a month-to-month
basis. See from page 12 for details.
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Condition The building is considered to be in fair 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. There has
been no environmental survey/audit to establish the existence or extent of any
environmental contamination.
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 11Mixed-Use Investment Opportunity – Delarey, Randburg
Projected Gross Annual Income –
Summary
BASIC RENT
Unit Item / Tenant Start Date Expiry Date Esc Basic Rent Area Let Total
Ground Floor
Unit 1 Vacant (former liquor shop) N/A N/A N/A R - 120 R -
Unit 2 Save Land Express 2019/09/01 2024/08/30 8% R 57,50 140 R 101 752,00
Unit 3 Sound Shop Month-to-month TBC R 95,83 120 R 138 000,00
380 R 239 752,00
First Floor
Church Hall 1 160
Salem Ministires International Month-to-month TBC R 29,41 R 120 000,00
Church Hall 2 180
340 R 120 000,00
Potential Gross Annual Income R 359 752,00
Notes/Assumptions
1. The above projection is based on a combination of Seller supplied information (invoices for the January 2020 billing period) and the
relevant lease agreement (where applicable and available).
2. All rental information presented above is exclusive of VAT.
3. Rental Information excludes balances brought forward, deposit charges and similar once-off items billed during this period.
4. No escalation information had been supplied for tenants that are occupying units on a month-to-month basis, and therefore this
projection is based on the assumption that the respective tenants as well as the applicable rental charged will remain constant for the
first year of transferred ownership.
Special Note - The rental information in this brochure is not intended to constitute specific advice nor to substitute for a due diligence
E & OE
exercise, and accordingly should not be relied upon to make a purchase decision. Prospective purchasers should make their own
Date:
enquiries and investigation to confirm pertinent information and forecasts, and should further seek appropriate independent professional
2020/01/21
advice in relation thereto from suitably qualified professionals to complete their own due diligence in relation to the Property.
/AucorProperty www.aucorproperty.co.za 12BASIC RENT
Unit Item / Tenant Start Date Expiry Date Esc Basic Rent Area Let May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 Total
Ground Floor
Unit 1 Vacant (former liquor shop) N/A N/A N/A R - 120 R - R - R - R - R - R - R - R - R - R - R - R - R -
Unit 2 Save Land Express 2019/09/01 2024/08/30 8% R 57,50 140 R 8 050,00 R 8 050,00 R 8 050,00 R 8 050,00 R 8 694,00 R 8 694,00 R 8 694,00 R 8 694,00 R 8 694,00 R 8 694,00 R 8 694,00 R 8 694,00 R 101 752,00
Unit 3 Sound Shop Month-to-month TBC R 95,83 120 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 11 500,00 R 138 000,00
380 R 19 550,00 R 19 550,00 R 19 550,00 R 19 550,00 R 20 194,00 R 20 194,00 R 20 194,00 R 20 194,00 R 20 194,00 R 20 194,00 R 20 194,00 R 20 194,00 R 239 752,00
First Floor
Church Hall 1 160
Salem Ministires International Month-to-month TBC R 29,41 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 120 000,00
Church Hall 2 180
340 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 10 000,00 R 120 000,00
Potential Gross Annual Income R 29 550,00 R 29 550,00 R 29 550,00 R 29 550,00 R 30 194,00 R 30 194,00 R 30 194,00 R 30 194,00 R 30 194,00 R 30 194,00 R 30 194,00 R 30 194,00 R 359 752,00
/AucorProperty
Notes/Assumptions
1. The above projection is based on a combination of Seller supplied information (invoices for the January 2020 billing period) and the relevant lease agreement (where applicable and available).
2. All rental information presented above is exclusive of VAT.
3. Rental Information excludes balances brought forward, deposit charges and similar once-off items billed during this period.
4. No escalation information had been supplied for tenants that are occupying units on a month-to-month basis, and therefore this projection is based on the assumption that the respective tenants as well as the applicable rental charged will remain constant for the first year of transferred ownership.
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
Date: 2020/01/21 E & OE
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.
Mixed-Use Investment Opportunity – Delarey, Randburg
www.aucorproperty.co.za
Projected Gross Annual Income
13Mixed-Use Investment Opportunity – Delarey, Randburg
Rental Summary
Based on Seller supplied Invoices for the January 2020 period
Rental Summary
Area Let Basic Rental
Premises Item / Tenant Electricity Water Refuge Other Total
(m²) (Monthly)
Ground Floor
Unit 1 Vacant (former liquor shop) 120 R - R - R - R - R - R -
Unit 2 Save Land Express 140 R 8 050,00 R 4 500,00 R 1 500,00 R 300,00 R 1 150,00 R 15 500,00
Unit 3 Sound Shop 120 R 11 500,00 R - R - R - R - R 11 500,00
First Floor
Church Hall 1 160
Salem Ministires International R 10 000,00 R - R - R - R - R 10 000,00
Church Hall 2 180
720 R 29 550,00 R 4 500,00 R 1 500,00 R 300,00 R 1 150,00 R 37 000,00
Notes/Assumptions
1. Based on Seller Supplied information and invoices for the January 2020 billing period.
2. All rental information presented above is exclusive of VAT.
3. Rental information as summarized above excludes deposits, balances brought forward, interest on arrears and other once-off items billed during this
billing period.
4. It is understood that water is comunally metered and recovered from tenants, whilst each unit is seperately metered for electricity and recovered as
part of the invoices on a monthky basis.
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 14Mixed-Use Investment Opportunity – Delarey, Randburg
Lease Summary
This lease summary should not be relied upon in isolation and should be read in conjunction with the executed lease document,
a copy of which is on hand and will be made available to bona fide prospective purchasers upon request.
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Lease 1
Tenant Save Land Express t/a Sefat Buyhan General Trading
Rentable Area Supermarket (Shop 3)*
Start Date 1 September 2019
Expiry Date 30 August 2024
Renewal Period Not specified
Escalation Rate 8% per annum
Monthly Rental (excl VAT)** From To Area (m²) Basic Rental Gross Rate / m²
2019/09/01 2020/08/30 R 7 000,00 R 50,00
2020/09/01 2021/08/30 R 7 560,00 R 54,00
2021/09/01 2022/08/30 140 R 8 164,80 R 58,32
2022/09/01 2023/08/30 R 8 817,98 R 62,99
2023/09/01 2024/08/30 R 9 523,42 R 68,02
Other Charges The tenant will be liable for the payment of electricity, water and refuse and
rates (Clause 3.2). The rental for the storeroom is not included in the lease
(Clause 8).
Key Clauses Clause 4.2 – The Lessee shall be liable for interest on all overdue amounts at
a rate of 15% per annum**
Clause 8 – The said premises is let for the purposes only of conducting a
supermarket business (not for accommodation purposes).
Note *For the purposes of the income and projection summaries, the relevant unit
is referred to as “Unit 2”
The rental amount charged on the relevant invoice (R8,050) is not in line with
the lease agreement. It however does align with the 15% interest levy –
clarity should be provided by the Seller.
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/AucorProperty www.aucorproperty.co.za 15Mixed-Use Investment Opportunity – Delarey, Randburg
Rates Statement
September 2019 Billing Period
/AucorProperty www.aucorproperty.co.za 16Mixed-Use Investment Opportunity – Delarey, Randburg
Rates Statement
September 2019 Billing Period
/AucorProperty www.aucorproperty.co.za 17Mixed-Use Investment Opportunity – Delarey, Randburg
Zoning Information
Zoning Certificate
/AucorProperty www.aucorproperty.co.za 18Mixed-Use Investment Opportunity – Delarey, Randburg
Zoning Information
Height Restrictions
/AucorProperty www.aucorproperty.co.za 19Mixed-Use Investment Opportunity – Delarey, Randburg
Zoning Information
Floor Area (FAR) Restrictions
/AucorProperty www.aucorproperty.co.za 20Mixed-Use Investment Opportunity – Delarey, Randburg
Zoning Information
Coverage Restrictions
/AucorProperty www.aucorproperty.co.za 21Mixed-Use Investment Opportunity – Delarey, Randburg
Zoning Information
Building Line Restrictions
/AucorProperty www.aucorproperty.co.za 22Mixed-Use Investment Opportunity – Delarey, Randburg
Surveyor General Diagrams
S.G. No A1040/1967
Right of Way Servitude area – See S.G.
diagram No. A1041/67 attached to
this brochure.
/AucorProperty www.aucorproperty.co.za 23Mixed-Use Investment Opportunity – Delarey, Randburg
Surveyor General Diagrams
S.G. No A1040/1967 – Servitude Note
/AucorProperty www.aucorproperty.co.za 24Mixed-Use Investment Opportunity – Delarey, Randburg
Surveyor General Diagrams
S.G. No A1041/1967 – Servitude Diagram
/AucorProperty www.aucorproperty.co.za 25Mixed-Use Investment Opportunity – Delarey, Randburg
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