Kuleka - Empangeni Retail · PDF fileZoning Certificate Title Deed ... Kuleka - Empangeni...

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: Darren Winterstein

Kuleka - Empangeni

Retail Centre

67 Tanner Road, Kuleka - Empangeni

Wednesday, 14 October 2014 @ 12h00 The Maslow, Corner Grayston Drive & Rivonia Road – Sandton Warren Aronson | 082 529 1020 | [email protected]

mailto:[email protected]

Retail Centre Kuleka - Empangeni

Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd 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 other wise of AUCOR (Pty) Ltd or the Sellers or any other person.

Index

Disclaimer

Images

Property Information

Locality

Property Description

Tenancy

Surveyor Diagrams

Rates Account

Zoning Certificate

Title Deed

Auction Information

Deposit 5% of bid price Commission 10% plus 14% VAT thereon of the bid price Confirmation period 2 Days Rules of auction and conditions of sale are available on www.aucorproperty.co.za/

http://www.aucorproperty.co.za/



Images



Property Information

General Property Address 67 Tanner Road, Kuleka - Empangeni

Title Deed Information Title Deed Number T33404/2012

Registered Owner Shifting Sands Property Investments Pty Ltd

Description Erf 274 Kuleka

Registered Land Size 5.1340 ha (51,340m²)

Title Deed Conditions See copy of Title Deed attached to this brochure

Municipal Information

Municipality City of uMhlathuze

Zoning Mixed Use Low Impact – see copy of zoning certificate attached to this brochure

Building Line Nil

Floor Area Ratio 0.5

Coverage 50%

Height Restriction 2 Storeys

Parking Dependent on Land Use – refer to zoning certificate attached

Additional Conditions See zoning certificate attached to the brochure



Locality

The subject property is located within the suburb known as Kuleka, which forms part of the Empangeni Township. Kuleka is set on the south eastern border of Empangeni. The area is a mixed use node offering retail, office and industrial accommodation. The area generally consists of older type industrial and commercial property interspersed with newer facilities. MTN are currently constructing an office building and the Umfolozi Casino and hotel is being upgraded. The subject area is a high volume trading area with high levels of pedestrian and vehicular traffic. Empangeni is positioned approximately 2 kilometres west of the N2 National Freeway, which follows the KZN coastline. Empangeni is set on the KwaZulu-Natal North Coast and is approximately 170 kilometres north of Durban City, as well as forming part of the greater Zululand region. The subject property is accessed off First Street, which is a short cul-de-sac road and is ± 1 kilometre south of the intersection with Main Road (R34). First Street is accessed off Tanner Road, the main road that bisects the suburb of Kuleka. Main Road (R34) runs west through the centre of Empangeni and connects to the N2 to the east. The R34 extends past the N2 and is the main access road into Richards Bay. Most modern amenities are found within Empangeni, whilst alternative amenities are located in Richards Bay. The Empangeni High School and the Empangeni Country Club are a short drive away.

GPS co-ordinates for the site is: S 28º46’27.68” E 31º54’09.05”




The subject property occupies a site which is irregular in shape and level in gradient, it is set on First Street and one property back of Tanner Road. The site is improved with nine detached single storey buildings, all of which offer retail units. The buildings surround an open parking area which neighbor onto a regional taxi rank. The property is not walled or fenced and is exposed to high levels of pedestrian traffic as it is set adjacent to the taxi and bus rank. The buildings are summarized as follows – see layout overleaf (measurements provided are based on aerial photography): Building 1 Faces onto Tanner Road, and houses various retail units ± 1,400m² Building 2 This building houses the Boxer Superstore & various other tenants’ ± 4,300m² Building 3 Faces onto First Road, and houses various retail units ± 1,200m² Building 4 Faces onto First Road, and houses various retail units ± 900m² Building 5 This building houses various retail tenants ± 760m² Building 6 This building various other tenants ± 160m² Building 7 This building houses the Boxer Build, PEP & various other tenants’ ± 1,900m² Building 8 This building houses various retail tenants ± 950m² Building 9 This building houses various retail tenants ± 480m² The Total Building areas are approximately 12,050m² Construction Roof Corrugated iron sheeting Ceilings Suspended rhino board ceilings External Walls Plastered and painted brick walls Internal Walls Combination of plastered and painted brick and dry walling Floor coverings Ceramic tiles and vinyl tiles Site Improvements Site improvements are limited to concrete pedestrian pavements along the front of each building and asphalt paved parking areas.




Approximate Boundaries



Tenancy

The following is a lease summary of the Anchor tenants lease – Boxer. Copy of available upon request:

Tenant Boxer Superstores Pty Ltd

Leased Area 3,013m²

Commencement Date 1 April 2013

Expiry Date 31 March 2023 (10 year lease)

Option Period 3 periods of 5 years each

Rent Escalation 6 %

Monthly Rental

See full Rent Roll overleaf

From To Rental (excluding VAT)

01-Apr-14 31-Mar-15 182 045.46R

01-Apr-15 31-Mar-16 192 968.19R

01-Apr-16 31-Mar-17 204 546.28R

01-Apr-17 31-Mar-18 216 819.06R

01-Apr-18 31-Mar-19 229 828.20R

01-Apr-19 31-Mar-20 243 617.89R

01-Apr-20 31-Mar-21 258 234.96R

01-Apr-21 31-Mar-22 273 729.06R

01-Apr-22 31-Mar-23 290 152.91R



Tenancy

Rent Roll based on information supplied (September 2014) – subject to change

PROPERTY NAME TENANT RENTAL SQM ESC EXPIRY DATE

Tanner Rd 67 PRIMEDIA OUTDOOR 6% 31/12/2017

Kiosk A/C Ahmad, Afzall R 3 995.64 22 10% 31/12/2014

Kiosk B Dube, Ntombifikile Ingrid R 1 132.18 12 10% 31/12/2014

Kiosk D Nkosi, Sibongile Patricia R 1 320.00 15 10% 30/09/2014

Kiosk E Zulu, Bonisiwe R 1 680.00 18 8% 31/08/2014

Kiosk F/G Favourites Cellular R 2 395.67 37 8% 31/10/2014

Kiosk H Molly's Spices R 1 381.02 36 10% 31/10/2014

Shop 01 VACANT 358 8%

Shop 02 VACANT 222 8%

Shop 03 STANDARD BANK R 18 500.00 185 6% Vacating

Shop 04 MOSENNGOA TRADING (Pty) Ltd R 3 800.00 40 8% 31/05/2015

Shop 05 SUNRISE MEDICAL CENTRE R 11 450.00 128 8% 31/12/2014

Shop 08/09 HAOJIAGE TRADING CC R 9 312.84 108 8% 31/3/2015

Shop 10 Ghani, Usman R 4 386.27 32 8% Expired

Shop 11 HAOJIAGE TRADING CC R 10 080.00 12 8% 31/07/2015

Shop 12 Adigun, Tayo R 2 310.00 23 8% 30/11/2014

Shop 13 VACANT 85

Shop 14 A Tarar, Warasat Zafar R 5 050.00 42 8% 31/10/2014

Shop 14 B Mansoor, Abu Baker Ali R 5 050.00 42 8% 31/08/2014

Shop 15 A TSN HARDWARE R 5 463.51 48 8% 31/12/2014

Shop 15 B Tarar, Warasat Zafar R 5 760.00 48 8% 31/12/2014

Shop 17 Xiubin, Yan R 10 180.00 102 8% 30/06/2018

Shop 18 Fang, Fuming R 53 500.00 800 8% 31/3/2015

Shop 18 A Nnaemeka, Joseph R 1 560.00 18 8% 30/09/2014

Shop 18 B Ahmad, Afzall R 1 560.00 18 8% 30/09/2014

Shop 18 C Juma, Rutondiye R 1 820.00 26 8% 30/09/2014

Shop 18 D PEP CELL R 6 440.00 46 8% 30/04/2015

Shop 19 & 19 B BOXER SUPERSTORES R 182 045.46 3000 8% 31/3/2023

Shop 20 STOREROOM



Tenancy


Shop 21 SOUTH AFRICAN POST OFFICE R 19 214.91 200 8% 31/3/2015

Shop 22 Xulu, Jabulisile R 12 000.00 110 8% 31/12/2014

Shop 23 Xiubin, Yan R 12 000.00 131 8% 31/8/2018

Shop 24 Hansa, Junaid R 6 800.00 134 8% 30/11/2014

Shop 25 PEPKOR RETAIL R 20 400.00 300 8% 31/3/20174

Shop 26 A RAGE DISRABUTION R 11 000.00 110 8% 31/5/2016

Shop 26 B Vacant 400

Shop 26 C VACANT 18

Shop 28 BOXER BUILD HARDWARE R 29 600.00 29 6% 31/12/2018

Shop FS 01 A Hlabisa, KS R 1 300.00 37 8% 31/8/2014

Shop FS 01 B Dela & Daughters R 3 068.00 35 8% 31/12/2014

Shop FS 01 C Dube, Zanele Melissa R 2 861.94 84 8% 31/12/2014

Shop FS 01 D Masiqhame Trading 14 R 3 710.00 84 8% 31/12/2014

Shop FS 02 Emmanuel Skosana R 5 200.00 84 8%

Shop FS 03 Sewchand, R & N R 4 800.00 84 8% 31/12/2014

Shop FS 04 Usizo Iwethu Funeral Services R 6 240.00 76 8% 31/12/2014

Shop FS 05 GRANITE COMPONENTS R 4 800.00 76 8% 31/5/2015

Shop FS 06 Buthelezi, Sibongile T R 3 421.44 76 8% 31/1/2015

Shop FS 07 Sonyash Paints CC R 3 810.00 76 8% 30/11/2014

Shop FS 08 Izelethu Funeral Parlour R 5 544.00 76 8% 31/12/2014

Shop FS 09 Edeh, Austin Tochukwu R 3 860.00 85 8% 31/3/2014

Shop FS 10 KWENA DISTRABUTION R 3 960.00 85 8% 31/3/2014

Shop FS 11 Ndalazi, Zithembiso R 3 960.00 85 8% 28/2/2015

Shop FS 12 SECURITY R 0.00 80

Shop FS 13 Nkabinde, Ntombi Gladness R 4 800.00 87 8% 31/07/2015

Shop FS 14, 15, 16 SAVEMORE CASH & CARRY R 11 300.00 256 10% 31/5/2018

Shop 15 C Vacant R 0.00 75

Shop 15 D Vacant R 0.00 75

Shop 15 E Vacant R 0.00 75

Shop 15 F Vacant R 0.00 75

Shop FS 17 Chetty Ganas R 5 200.00 80 8% 31/5/2015



Tenancy


Shop FS 18 NATPRO SPICE T/A AMAPELEPELE R 4 777.08 80 8% 31/12/2014

Shop FS 19 Bonkinkosi & Mlambo R 4 439.61 80 8% 31/07/2015

Shop FS 20 L & F Neethling R 4 440.00 80 8% 31/5/2015

Shop FS 21 UKUPHILA WELNESS CENTRE R 6 720.00 80 8% 31/12/2014

Shop FS 22 SIZA CHIX SUPPLIES R 4 950.00 80 8% 31/1/2015

Shop FS 23 Gweilo, Chukwudi R 4 800.00 80 8% 30/11/2014

Shop FS 24 Zungu, Siyamthanda Guglethi R 4 200.00 71 8% 30/09/2014

Shop FS 25 STOREROOM R 4 122.81 80 8%

Shop T 01 Mehmood, Nasir R 4 400.00 18 8% 31/01/2015

Shop T 02 Babar, Adeel R 4 400.00 57 8% 31/5/2015

Shop T 03 Mnguni, Raymond R 4 500.00 57 8% 31/1/2015

Shop T 04 Ngcobo, Themba John R 8 400.00 80 8% 28/2/2015

Shop T 05 Eze, Ike Paul R 2 120.00 37 8% 31/12/2014

Shop T 06 Achamo, Digamo R 4 950.00 56 8% 31/10/2014

Shop T 07 Zondi, Promise Nozipho R 5 225.00 57 8% 31/3/2015

Shop T 08 Makgeru, Lavis R 5 250.00 50 8% 28/2/2015

Shop T 09 Mhlongo, Nana R 1 050.00 13 8% 28/2/2015

Shop T 10 Thembinkosi Radebe R 1 050.00 13 8% 30/4/2015

Shop T 11 Mthombeni, Firile R 1 050.00 13 8% 28/2/2015

Shop T 12 Vacant R 0.00 13

Shop T 13 Zuma, Ntokaza R 1 050.00 13 8% 28/2/2015

Shop T 14 Khumalo, Jabulani R 1 050.00 13 8% 28/2/2015

Shop T 15 Mnqobi, Bongani R 1 050.00 13 8% 31/5/2014

Shop T 16 Nokuthula, Carol R 1 050.00 13 8% 31/3/2014

Shop T 17 Langa, Sinegugu R 1 403.51 13 8%

Shop T 18 Cthembiso Pty Ltd R 1 600.00 13 8% 28/2/2015

Shop T 19 Manqele Gugulethu R 1 050.00 13 8% 31/3/2015

Shop T 20 Mthokozisi Mthethwa R 1 600.00 13 8% 31/3/2015

Shop T 21 Dube My Girl R 1 050.00 13 8% 30/4/2015

Shop T 22 Mbhamali, Khulekani R 1 400.00 13 8% 31/1/2015

Gross Monthly R 700 123.82 10026



Surveyor Diagrams



Rates Account



Zoning



Title Deed

Kuleka - Empangeni Retail · PDF fileZoning Certificate Title Deed ... Kuleka - Empangeni...

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