8 Christie Crescent - Aucor
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Vintonia Ellies Branch – Nelspruit (Mbombela)
Nelspruit (Mbombela) GLA ± 2,366m2
8 Christie Crescent
Thursday, 20 February 2020 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg
John Hislop | 083 265 6867 | JohnH@aucor.com
Version 1: 22 January 2020 NT
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 7
General Information Page 8
Locality Information Page 9
Property Description Page 11
Projected Income Summary Page 14
Projected income Page 15
Lease Summary Page 16
Rates Statement Page 17
Survey General Diagrams Page 18
/AucorProperty www.aucorproperty.co.za 2
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
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 7 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
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Property Images
The boundary lines have not been drawn to scale
and are drawn for illustrative purposes only.
The boundary lines have not been drawn to scale
and are drawn for illustrative purposes only.
/AucorProperty www.aucorproperty.co.za 4
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Property Images
External Images
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Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Property Images
Internal Images
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Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Executive Summary &
Key Investment Highlights
Street Address: 8 Christie Crescent - V intonia, Nelspruit (Mbombela)
GPS Coordinates: -25.4660, 30.9695
Registered Land Sizes: 4,826m²
Zoning: To be verified
R 7,188.15 / month - excluding consumpt ion charges and
Assessment Rates:
cit y levies
See from page 12 for full accommodat ion det ails
The improvements on the subject property consist of two
Accommodation: adjoining but separately lettable box structures, each with
a rectangular office building built perpendicular thereto
(forming an L-shape on each section).
Approx. Total Gross Building Area:
The property is currently partially owner-occupied. The
Seller (owner) intends to sign a 5-year lease commencing
Occupation:
upon the registration of transfer of the property. See page
15 for details.
Separately lettable distribution hub located in a prominent
logistics hub of Mbombela, which is the economic hub of
the region, anchoring industries and servicing markets as
far as Bushbuck Ridge, as well as Maputo and Swaziland
(these regions being located to the north and south of
Mbombela respectively).
Advantageously located in a node well-serviced by a
Key Investment Highlights: network of major and primary roads including the major
Samora Machel Drive and the nearby N4 highway, which
connect the locality to the greater Mbombela region and
beyond.
Ample yard and manoeuvering space available on the
site.
Great upside potential with the property currently 50% let.
By bidding on t his propert y, t he purchaser acknowledges t hat he has acquaint ed himself wit h
t he ext ent and t he nat ure of t he propert y he is buying, and t hat he accept s t he propert y as
such.
/AucorProperty www.aucorproperty.co.za 7
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
General Information
Street Address 8 Christie Crescent - Vintonia, Nelspruit (Mbombela)
GPS Co-Ordinates -25.4660, 30.9695
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Title Deed Information
Title Deed Number T10834/2010
Registered Owner Ellies Properties (Pty) Ltd
Title Deed Description Erf 45 Vintonia Extension 2
Registered Land Size 4,826m²
Title Deed Conditions A copy of the Title Deed are on hand and will be made
available to bona fide prospective purchasers upon request.
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Municipality Information
Municipality City of Mbombela Metropolitan Municipality
Rates Excluding consumption charges and city levies – Based on the
tax invoice for the November 2019 billing period received from
the Municipality (see a copy attached to this brochure for these
and other charges).
2019 / 2020
Municipal Rates 2019 / 2020 2019 / 2020
Exclusion Rebate Monthly Rates
Valuation Category Tariff Annual Rates
(Annual ÷12)
R 5 540 000 Industrial N/A N/A 0,0155700 R 86 257,80 R 7 188,15
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Zoning Information
Zoning To be verified
/AucorProperty www.aucorproperty.co.za 8
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Locality Information
Macro Locality
The subject property Is located in an established industrial area of Nelspruit, known as Vintonia. The
immediate locality of the subject property Is characterised by a variety of logistics/distribution hubs ranging
from small to expansive commercial developments with businesses across the spectrum represented in the
area. These includes the likes of SPAR, Build It and Telkom Technical Services to name a few. Nelspruit is the
hub of the region and thus the node is a key logistics hive servicing the region between Bushbuck Ridge to
the north and eSwatini and Maputo to the south. The node has thus been optimized with a variety of
logistics infrastructure, which comprises a well-developed and maintained road network and the railroad
passing through the suburb, as well. The locality is well-serviced by a network of major and secondary roads,
including Samora Machel Drive and the nearby N4 highway, connecting the suburb to the greater city of
Mbombela and beyond. All major municipal and general amenities are available in the area.
GPS coordinates for the site are as follows: --25.4660, 30.9695
N
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 9
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Locality
Locality
Information Information
Micro Locality
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
Nelspruit CBD
/AucorProperty www.aucorproperty.co.za 10Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Property
Locality
Information Description
Approximate Boundaries
N
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
/AucorProperty www.aucorproperty.co.za 11Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Property Description
Accommodation The improvements on the subject property consist of two adjoining but separately
lettable box structures, each with a rectangular office building built perpendicular
thereto (forming an L-shape on each section). One half of the facility is presently
occupied by the owner, whilst the other is vacant.
The warehouse component of the owner-occupied section has been internally
altered to provide for a small retail/showroom component, which opens into the
double volume warehouse. The warehouse offers eaves heights of ±4m, with a
large extent of the floor area having been improved with a mezzanine structure
constructed of a steel frame with wood board finishes. The warehouse is accessible
internally from the retail section and the office building, as well as from the yard via
two roller shutter doors and an additional large door. The second section offers
open spans with a small concrete mezzanine structure component configured into
the floor plate. The space further hosts a kitchenette, staff areas and ablutions.
The single storey office buildings servicing each of the aforementioned sections
feature a similar configuration with variances in layout and finish executed to the
user’s specific requirements. Generally, each building offers private offices, shared
spaces, a kitchenette and ablutions.
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Construction The box structures are each constructed of a steel superstructure enclosed by face
brick wall panels finished with IBR cladding extending from the roof. The roof is
constructed of IBR roof sheets. The IBR sheets along the roof and wall panels
feature translucent panels in places for added natural light into the building. The
office buildings are constructed of face brick walls under IBR roof sheets.
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Fixtures and Finishes The warehouses feature smooth concrete flooring under a roof internally finished
with heat insulation panels. The showroom has been finished with a smooth
concrete floor under suspended ceiling boards. The offices feature ceramic tiled
floors under suspended ceiling boards and rendered and painted brick walls.
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Gross Lettable Areas Area Description GLA (± m²)
Warehouse and Office (V acant) 1 255
Warehouse and Office (Ellies) 1 111
Total Approximate Gross Lettable Area 2 366
Not es:
The Gross Let t able Areas are approximat es as supplied
by t he Seller.
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/AucorProperty www.aucorproperty.co.za 12Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Property Description
Perimeter and Yard The property is enclosed by way of a face brick wall with steel palisade inserts in
places.
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Parking & Yard ±12 Designated and Covered Parking Bays
There is ample yard and maneuvering space on the site.
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Occupation The property is currently partially owner-occupied. The Seller (owner) intends to sign
a 5-year lease commencing upon the registration of transfer of the property. See
page 15 for details.
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Condition The building appears to be generally well maintained and appears to be in good
condition with only ongoing repairs and maintenance required in places. No
structural survey of the buildings has been undertaken nor have tests or inspections
of service installations been arranged.
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 13Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Projected Income Summary
Contractual Cashflow Projections - April 2020 to March 2021
Approx. Area /
Premises Item / Tenant Start Date Expiry Date Esc Basic Rent Total
Units
Warehouse & Office Rental
Ellies Electronics (Pty) Ltd 01/02/2020 31/01/2025 6.5% R 40.00 1 111 R 539 057
Gross Annual Income R 539 057
Not es/Assumpt ions
1. The Basic rent and t he escalat ion rat e are as ext ract ed from t he draft lease supplied by t he Seller.
2. Salient t erms of t he lease, such as t he lease st art dat e are as est imat ed base on t he period in which t he propert y is expect ed t o t ransfer t o t he
new owner, at which point t he lease is set t o commence.
3. All amount s represent ed above are exclusive of VAT. 2020/01/22
Special Not e - The rent al informat ion in t his brochure is not int ended t o const it ut e specific advice nor t o subst it ut e for a due E & OE
diligence exercise, and accordingly should not be relied upon t o make a purchase decision. Prospect ive purchasers should make
t heir own enquiries and invest igat ion t o confirm pert inent informat ion and forecast s, and should furt her seek appropriat e
independent professional advice in relat ion t heret o from suit ably qualified professionals t o complet e t heir own due diligence in
/AucorProperty www.aucorproperty.co.za 14Contractual Cashflow Projections - April 2020 to March 2021
Approx. Area /
Item / Tenant Start Date Expiry Date Esc Basic Rent Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Total
Units
Warehouse & Office Rental
Ellies Electronics (Pty) Ltd 01/02/2020 31/01/2025 6.5% R 40.00 1 111 R 44 440 R 44 440 R 44 440 R 44 440 R 44 440 R 44 440 R 44 440 R 44 440 R 44 440 R 44 440 R 47 329 R 47 329 R 539 057
Gross Annual Income R 44 440.00 R 44 440.00 R 44 440.00 R 44 440.00 R 44 440.00 R 44 440.00 R 44 440.00 R 44 440.00 R 44 440.00 R 44 440.00 R 47 328.60 R 47 328.60 R 539 057
Not es/Assumpt ions
1. The Basic rent and t he escalat ion rat e are as ext ract ed from t he draft lease supplied by t he Seller.
2. Salient t erms of t he lease, such as t he lease st art dat e are as est imat ed base on t he period in which t he propert y is expect ed t o t ransfer t o t he new owner, at which point t he lease is set t o commence.
3. All amount s represent ed above are exclusive of VAT.
/AucorProperty
Special Not e - The rent al informat ion in t his brochure is not int ended t o const it ut e specific advice nor t o subst it ut e for a due diligence exercise, and accordingly should not be relied upon t o make a purchase decision. Prospect ive purchasers should make t heir own
enquiries and invest igat ion t o confirm pert inent informat ion and forecast s, and should furt her seek appropriat e independent professional advice in relat ion t heret o from suit ably qualified professionals t o complet e t heir own due diligence in relat ion t o t he Propert y.
Dat e: 2020/01/22 E & OE
Projected Income
Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
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15Ellies Branch (Mbombela) – Vintonia, Nelspruit (Mbombela)
Lease Summary
This lease summary should not be relied upon in isolation and should be read in conjunction with the executed lease
documents, copies of which are available to bona fide prospective purchasers upon request.
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Lease 1
Tenant Ellies Electronics (Pty) Ltd
Rentable Area Warehouse and Offices – 1,111m²
Start Date* 1 February 2020
Expiry Date* 31 January 2025
Renewal Period 5 (Five) years
Escalation Rate 6.5% per annum
Monthly Rental (excl VAT) From To Area (m²) Basic Rental Gross Rate / m²
01/02/2020 31/01/2021 R 44 440 R 40.00
01/02/2021 31/01/2022 R 47 329 R 42.60
01/02/2022 31/01/2023 1111 R 50 405 R 45.37
01/02/2023 31/01/2024 R 53 681 R 48.32
01/02/2024 31/01/2025 R 57 171 R 51.46
Additional Charges The tenant will be liable for the following additional charges:
o All consumption charges
o Their share of municipal charges including Rates and Taxes
o Internal maintenance (only for premises occupied)
o Plumbing, electrical installations, glass etc. (only for the portion of
the premises occupied)
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Rates Statement
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Surveyor General Diagram
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