Sectionalised Block of Flats

Pretoria North
Sectionalised Block of Flats
501 Rachel De Beer Street
Tuesday, 20 May 2014 @ 12h00
The Maslow, Corner Grayston Drive & Rivonia Road – Sandton
Patrick Hunter | 082 847 1205 | PatrickH@aucor.com
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
Sectionalised Block of Flats
Pretoria North
Index
Disclaimer
Property Information
Locality
Property Description
Tenancy
Property Images
Zoning
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/
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.
Sectionalised Block of Flats
Pretoria North
Property Information
General
Property Address
501 Rachel De Beer Street
Pretoria North
Title Deed Information
Municipal Information
Sectional Title Scheme
SS Alidahof (183/1984)
Registered Owner
Bay Drive Trading 128 Pty Ltd
Unit
Number
Registered
Size (m²)
Title Deed
Number
1
64
ST89240/2008
2
64
ST89241/2008
3
64
ST89242/2008
4
71
ST89243/2008
5
67
ST89244/2008
6
67
ST89245/2008
7
67
ST89246/2008
8
67
ST89247/2008
9
71
ST89248/2008
10
71
ST89249/2008
11
67
ST89250/2008
12
67
ST89251/2008
13
67
ST89252/2008
14
67
ST89253/2008
15
71
ST89254/2008
Total
1012
Municipality
City of Tshwane
Zoning
Residential 4 (see zoning attached)
2013 Municipal Valuation
R 5,060,000 (combined)
Please note that rates tariffs are to change July 2014. As at date of writing, new applicable tariffs were not yet published.
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.
Sectionalised Block of Flats
Pretoria North
Locality
The subject block of flats is situated at 501 Rachel De Beer Street (Corner Ben Viljoen Street) in the suburb of Pretoria North,
Pretoria.
Rachel De Beer Street is a fairly busy major route linking Pretoria North to the R80 (Mabopane) Highway and onwards towards Brits.
Properties situated along Rachel De Beer Street are mostly retail in use with the crossing streets hosting residential properties.
All modern amenities and facilities are available in the immediate vicinity and surrounding suburbs with both the North Park Mall and
Spar Centre in close proximity to the subject property. Services are provided by the City of Tshwane Metropolitan Municipality.
GPS co-ordinates for the site is as follows: S 25°40'39.72"; E 28°10'24.24"
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.
Sectionalised Block of Flats
Pretoria North
Property Description
Primary Use
Sectionalised Residential Apartments
Storeys
2 Storeys (stairwell provision has been made for an additional storey)
Construction Type
Concrete frame and face brick
Roofing
Concrete slab
Internal Walls
Mostly painted plaster
Parking
24 x covered / basement parking bays
Access
Motorised access gate (out of order) to a concrete paved driveway
Condition
The apartments and common property require repairs and on-going maintenance. The fire hose system is
un-serviced. We have not undertaken a structural survey nor arranged for test or inspections of the service
installations; however these do appear to be in working order.
Accommodation
The subject property comprises a double storey building hosting 15 apartments.
Each apartment hosts 2 bedrooms, 1 bathroom, kitchen and living/dining area.
12 apartments are situated on the 1st floor with the remaining 3 apartments on the ground floor. The
ground floor comprises mostly covered/basement parking and further hosts the common property laundry
area and storeroom / laundry room.
The centre of the building hosts a garden area.
There are 2 stairwells providing 1st floor access.
Approximate Boundaries – Source: City of Tshwane GIS
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.
Sectionalised Block of Flats
Pretoria North
Tenancy
As supplied by Seller
As at date of writing, all the units and the storeroom were let. All rentals are on a monthly basis with the following charges:
Rent – R 3,300 per month per unit plus Water consumption
Store room – R 2,000 per month
Electricity is prepaid by the tenants.
Total Monthly Rental Calculation
15 x Apartments @ R 3,300/month
= R 49,500
1 x Storeroom @ R 2,000/month
= R 2,000
Total Monthly Rental
= R 51,500
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.
Sectionalised Block of Flats
Pretoria North
Images
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.
Sectionalised Block of Flats
Pretoria North
Zoning
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.
Sectionalised Block of Flats
Pretoria North
Zoning
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.
Sectionalised Block of Flats
Pretoria North
Zoning
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.