98 Greene Street Truck Yard Registered Land Size 7,120 - Aucor
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Heriotdale Truck Yard
Johannesburg Registered Land Size ± 7,120
98 Greene Street
Tuesday, 25 August 2020 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg
Murray Lovemore | 076 237 5890 | Murray@aucor.com
Version 1: 02 July 2020 NT
Truck Yard – Heriotdale, Johannesburg
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 6
General Information Page 7
Locality Information Page 8
Property Description Page 10
Projected Gross Annual Income – Summary Page 13
Projected Gross Annual Income - Detailed Page 14
Lease Summaries Page 15
Rates Statement Page 16
Zoning Information Page 18
General Plan Diagram Page 23
/AucorProperty www.aucorproperty.co.za 2
Truck Yard – Heriotdale, Johannesburg
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 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
Truck Yard – Heriotdale, Johannesburg
Property Images
/AucorProperty www.aucorproperty.co.za 4
Truck Yard – Heriotdale, Johannesburg
Property Images
/AucorProperty www.aucorproperty.co.za 5
Truck Yard – Heriotdale, Johannesburg
Executive Summary &
Key Investment Highlights
Street Address: 98 Greene Street, Heriotdale Ext 3, Gauteng
GPS Coordinates: -26.2112, 28.1261
Registered Land Size: 7,867 m2
Zoning: Industrial 1 (see a copy of the zoning certificate attached to this
brochure)
This section hosts a ±222m² office building, a ±60m² truck wash bay,
a Wendy yard office.
The office building hosts mostly open plan offices (with dry wall /
Accommodation: glass partitioning), strong room, male & female WC’s, kitchenette,
storeroom, security room, and a staff changing room with ablutions.
There are various wall mounted air-conditioning units installed in
the office areas.
Area Description GLA (± m²)
Unit 1 - Avis Truck Rental 3 977
Unit 2 - Mahabeer Transport 3 143
Approx. Total Gross Lettable Area: Total Approximate Gross Lettable Area 7 120
Not es:
Approximat e yard areas are based on measurement s
supplied by t he Seller.
Occupation: The property is multi-let. See from page 13 for details
18 shade net parking and a Diesel Pump with 9CM tank.
This yard is secured by means of precast walling, electric fencing,
Key Investment Highlights:
perimeter beams and flood lighting. There is a motorised access
gate and a pedestrian gate.
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 6
Truck Yard – Heriotdale, Johannesburg
General Information
Street Address 98 Greene Street - Heriotdale, Johannesburg
GPS Co-Ordinates -26.2112, 28.1261
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Title Deed Information
Title Deed Number T46986/2015
Registered Owner REZ-GHOOR INV CC
VAT Registration Status Registered VAT vendor
Title Deed Description Erf 98 Heriotdale Extension 3
Registered Land Size 7,867 m2
Title Deed Conditions A copy of the title deed is on hand and will be made available
to prospective purchasers upon request.
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Municipality Information
Municipality City of Ekurhuleni Metropolitan Municipality
Rates Based on the municipal tax invoice as received for the June
2020 billing period. See a copy of this document attached to this
brochure for these and other charges.
2019 / 2020
Municipal Rates Rebate 2019 / 2020 2019 / 2020
Exclusion Monthly Rates
Valuation Category (Annual) Tariff Annual Rates
(Annual ÷12)
R 1 900 000.00 Industrial N/A N/A 0.0262998 R 49 969.56 R 4 164.13
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Zoning Information
Zoning Industrial 1 (see a copy of the zoning certificate attached to this
brochure)
Permitted Uses (per scheme) * Industries, Offices, Commercial Purposes, Showrooms, Motor
Dealers, Panel Beaters, Builders’ Yard, Service Industries, Fitment
Centres, Motor Workshops, Light Industries, Auctioneers
See zoning information attached for potential consent uses.
Height Restriction 2 Storeys
Coverage 70% / 5,506.9m²
F.A.R Not Specified.
Building lines 6m along street boundary, 0 m other boundaries.
Parking Dependent on use - see zoning attached to this brochure.
/AucorProperty www.aucorproperty.co.za 7
Truck Yard – Heriotdale, Johannesburg
Locality Information
Macro Locality
The site is situated on the north eastern side of Heriotdale with road frontage onto the M2
Highway. Heriotdale is accessed from the Cleveland On/Off Ramp. The Johannesburg /
Germiston boundary splits Heriotdale with the subject property on the Germiston side.
Heriotdale is situated near to the N3 / M2 Interchange allowing easy highway access to
other highways and major roads servicing Gauteng. The property enjoys all municipal
services such as tarred roads, water, sewerage and electricity.
GPS co-ordinates for the site are as follows: -26.2112, 28.1261.
/AucorProperty www.aucorproperty.co.za 8
Truck Yard – Heriotdale, Johannesburg
Locality Information
Micro Locality
Germiston
M2
M2
Kensington
/AucorProperty www.aucorproperty.co.za 9
Truck Yard – Heriotdale, Johannesburg
Property Description
Approximate Boundaries
N
/AucorProperty www.aucorproperty.co.za 10Truck Yard – Heriotdale, Johannesburg
Property Description
Accommodation Truck yard with ancillary buildings.
The land has a gradual slope from top north to bottom south. The site is split into
two portions with the western portion (AVIS Truck Rental) interlock brick paved and
the eastern portion (Mahabeer Transport) asphalt paved.
The office building hosts mostly open plan offices (with dry wall / glass partitioning),
strong room, male & female WC’s, kitchenette, storeroom, security room, and a
staff changing room with ablutions. There are various wall mounted air-
conditioning units installed in the office areas.
Note that the on-site generator belongs to the tenant.
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Additional Features Additional improvements on the subject property include:
• This yard is secured by means of precast walling, electric fencing,
perimeter beams and flood lighting. There is a motorised access gate and
a pedestrian gate.
• AVIS Truck Rental Section: This section hosts a ±222m² office building, a
±60m² truck wash bay, a Wendy yard office, 18 shade net parking and a
Diesel Pump with 9CM tank.
• Mahabeer Transport: The site hosts a ±15m² kitchen building, a ±71m² store
and a ±78m² truck wash bay. The asphalt paving requires repairs.
• Note that the containers and metal sheds on the property belong to the
tenant. Furthermore, we have not undertaken an environmental survey of
the above property, nor have we arranged for an environmental audit to
establish the existence or extent of any environmental contamination
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Utilities All municipal services and utilities are supplied by City of Ekurhuleni Metropolitan
Municipality
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Gross Lettable Area Area Description GLA (± m²)
Unit 1 - Avis Truck Rental 3 977
Unit 2 - Mahabeer Transport 3 143
Total Approximate Gross Lettable Area 7 120
Not es:
Approximat e yard areas are based on measurement s
supplied by t he Seller.
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Perimeter and Yard This yard is secured by means of precast walling, electric fencing, perimeter beams
and flood lighting. There is a motorized access gate and a pedestrian gate.
This section hosts a ±222m² office building, a ±60m² truck wash bay, a Wendy yard
office.
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Parking 18 shade net parking bays.
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/AucorProperty www.aucorproperty.co.za 11Truck Yard – Heriotdale, Johannesburg
Property Description
Occupation The property currently has two tenants.
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Condition The asphalt paving requires repairs. Note that the containers and metal sheds on
the property belong to the tenant. Furthermore, we have not undertaken an
environmental survey of the above property, nor have we arranged for an
environmental audit to establish the existence and/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 12Truck Yard – Heriotdale, Johannesburg
Projected Gross Annual Income -
Summary
Cashflow Projections - July 2020 to June 2021
Premises Item / Tenant Expiry Date Total
Rental (excluding rat es & t axes and consumpt ion charges)
Unit 1 Barloworld (Pty) Ltd T/A Avis Truck Rental 2022/09/20 R 901 102.99
Unit 2 Radesh Mahabeer T/A Mahabeer Transport 2021/12/31 R 168 784.29
R 1 069 887.28
Other Income (excluding consumpt ion charges)
Rates and Taxes Recovery R 49 969.56
Gross Annual Income (excluding consumpt ion charges) R 1 119 857
Not es/Assumpt ions
1, Based on t he Tenancy Schedule as supplied by t he Seller for t he June 2020 billing period .
2. All amount s represent ed above are exclusive of VAT.
3. Rat es and t axes are fully recoverable, while t he consumpt ion charges are for t he t enant s' respect ive account s.
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.
/AucorProperty www.aucorproperty.co.za 13Cashflow Projections - July 2020 to June 2021
Approx. Area /
Premises Item / Tenant Expiry Date Esc. Basic Rent Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Total
Units
Rental (excluding rat es & t axes and consumpt ion charges)
Unit 1 Barloworld (Pty) Ltd T/A Avis Truck Rental 2022/09/20 8.0% R 17.81 3977 R 70 841.43 R 70 841.43 R 70 841.43 R 76 508.74 R 76 508.74 R 76 508.74 R 76 508.74 R 76 508.74 R 76 508.74 R 76 508.74 R 76 508.74 R 76 508.74 R 901 102.99
Unit 2 Radesh Mahabeer T/A Mahabeer Transport 2021/12/31 5.0% R 4.37 3143 R 13 722.30 R 13 722.30 R 13 722.30 R 13 722.30 R 13 722.30 R 13 722.30 R 14 408.42 R 14 408.42 R 14 408.42 R 14 408.42 R 14 408.42 R 14 408.42 R 168 784.29
7 120.00 R 84 563.73 R 84 563.73 R 84 563.73 R 90 231.04 R 90 231.04 R 90 231.04 R 90 917.16 R 90 917.16 R 90 917.16 R 90 917.16 R 90 917.16 R 90 917.16 R 1 069 887.28
Other Income (excluding consumpt ion charges)
Rates and Taxes Recovery R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 4 164.13 R 49 969.56
Total Estimated Income (excluding consumpt ion charges) R 88 728 R 88 728 R 88 728 R 94 395 R 94 395 R 94 395 R 95 081 R 95 081 R 95 081 R 95 081 R 95 081 R 95 081 R 1 119 857
Detailed
/AucorProperty
Not es/Assumpt ions
1, Based on t he Tenancy Schedule as supplied by t he Seller for t he June 2020 billing period.
2. All amount s represent ed above are exclusive of VAT.
3. Rat es and t axes are fully recoverable, while t he consumpt ion charges are for t he t enant s' respect ive account s.
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.
Truck Yard – Heriotdale, Johannesburg
www.aucorproperty.co.za
Projected Gross Annual Income -
14Truck Yard – Heriotdale, Johannesburg
Lease Summaries
These lease summaries should not be relied upon in isolation and should be read in conjunction with the executed lease
documents.
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Lease 1 – Likely to be terminated by end of August
Tenant Barloworld South Africa (Pty) Ltd t/a Avis Truck Rental
Rentable Area 3,977m²
Start Date 1 October 2017
Expiry Date 30 September 2022
Escalation Rate 8% per annum
Monthly Rental (excl VAT)* Start Date End Date Area Amount
1/10/2019 30/09/2020 R 70 841.43
1/10/2020 30/09/2021 3977 R 76 508.74
01/10/2021 30/09/2022 R 82 629.44
Recoveries Assessment rates (84.49%), effluent
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Lease 2
Tenant Mahabeer Transport
Rentable Area 3,143m²
Start Date 1 January 2016
Expiry Date 31 December 2021
Escalation Rate 5% per annum
Monthly Rental (excl VAT)* R13,722.30 / month
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/AucorProperty www.aucorproperty.co.za 15Truck Yard – Heriotdale, Johannesburg
Rates Statement
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Rates Statement
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Zoning Information
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Zoning Information
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Zoning Information
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Zoning Information
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Zoning Information
/AucorProperty www.aucorproperty.co.za 22Truck Yard – Heriotdale, Johannesburg
General Plan Diagram
/AucorProperty www.aucorproperty.co.za 23Truck Yard – Heriotdale, Johannesburg
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