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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: 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 | WarrenA@Aucor.com
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/
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.
Images
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.
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
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.
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”
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.
Property Description
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.
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.
Property Description
Approximate Boundaries
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.
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
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.
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
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.
Tenancy
PROPERTY NAME TENANT RENTAL SQM ESC EXPIRY DATE
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
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.
Tenancy
PROPERTY NAME TENANT RENTAL SQM ESC EXPIRY DATE
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
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.
Surveyor Diagrams
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.
Surveyor Diagrams
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.
Rates Account
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.
Rates Account
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.
Rates Account
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.
Rates Account
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.
Zoning
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.
Zoning
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.
Zoning
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.
Zoning
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.
Title Deed
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.
Title Deed
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.
Title Deed
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.
Title Deed
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.
Title Deed
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