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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
Johannesburg CBD
Meischke’s Building - Corner Harrison Street & Market Street
Tuesday, 12 November 2013 @ 12h00 The Hyatt Hotel, 191 Oxford Road – Rosebank Jonathan Aitken | 082 453 1119| [email protected]
Historic Building – Retail and Offices
Historic Mixed Use Building Johannesburg CBD
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
Property Information
Locality
Property Description
Tenancy
Images
Surveyor General Diagram
Zoning
Rates
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.aucor.com
Historic Mixed Use Building Johannesburg CBD
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 Corner Harrison Street & Market Street
Johannesburg
Title Deed Information Title Deed Number G64/1937
Property Description Erven 195, 196 & 5022 Johannesburg, City of
Johannesburg
Registered Owner Meischke Pty Ltd
Approx. Stand Sizes Erf 195 - 99m²
(Sizes as indicated by Joburg Erf 196 - 245m²
Geographical Information System) Erf 5022 - 149m²
Total - 493m²
Municipal Information Municipality City of Johannesburg
Zoning Business 1
FAR As per attached clause 39(2) c
Height Zone 1 (As per attached clause 45.2)
Coverage 100%
Building Lines 1,5m in respect of ground storey only
Parking As per scheme
As at date of writing, there was no new (2013) separate municipal valuation available for the subject property.
Liquor Licence included in the sale – Liquor Board Reference No.GAU/004431
.
Historic Mixed Use Building Johannesburg CBD
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 property is situated on the corner of Market Street and Harrison Street and offers excellent frontage to passing pedestrian and
vehicular traffic in the Johannesburg CBD.
The immediate area is characterised by various low and high-rise buildings with a combination of residential and commercial uses.
The area is well serviced by various primary and secondary roads. Furthermore, the Bus Rapid Transit system has a stop adjacent
the subject property on Market Street providing easy public transport in and around Johannesburg CBD.
All modern amenities and facilities are available in the immediate and surrounding suburbs. Local convenience and neighbourhood
centres in the vicinity meet most day-to-day shopping requirements. All relevant services, including municipal electricity and
sewerage disposal have been installed and are regarded as adequate and reliable. Services are provided by the City of
Johannesburg.
GPS co-ordinates for the site is as follows: S 26°12'18.37"; E 28°02'26.20"
Historic Mixed Use Building Johannesburg CBD
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
Description of Improvements
Approximate boundaries (as per Joburg GIS)
Buildings Areas (Approximate Gross Building Area – GBA - based on on-site and additional aerial measurements; Lettable Area as supplied):
Component ±m²
Basement 239
Retail 324
Floors 1 to 4 1068
Total Approx. GLA 1631
Lettable Area (as supplied)
Component ±m²
Basement (estimated) 239
Rear yard building 10
Retail 420
Floors 1 to 4 1680
Roof 83
Total Approx. GBA 2432
GBA (onsite & aerial measurements)
Historic Mixed Use Building Johannesburg CBD
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
Description of Improvements Primary Use Retail and Business/Office Building
Storeys 5
Roofing Waterproofed concrete
External Walls Face brick and concrete
Internal Walls Mostly painted plaster
Floors A combination of flooring types
Ceilings Mostly concrete
Elevator 1 x passenger elevator
Condition The property requires some repairs and maintenance. Please note that we have not undertaken a
structural survey nor arranged for tests or inspections of the service installations.
Heritage Of interest to note – the subject property was the first property to be granted a liquor licence in
the Witwatersrand. Note that the building is older than 60 years and thus is subject to the provincial
heritage resources authority.
Accommodation The subject property comprises a retail ground floor with most of the remainder of the building comprising
office units.
The ground floor comprises 5 shops, a bar/restaurant and the entrance lobby. The bar/restaurant further
occupies a portion of the 1st floor.
The remaining office floors comprise the following (ablutions between floors):
1st floor – 6 offices, strong room and portion of restaurant (only accessible through restaurant)
2nd floor – 12 x offices, 2 strong rooms, 2 stores and worker room
3rd floor – 10 x offices and a strong room
4th floor – 12 x offices, kitchenette, ablutions and stores
Historic Mixed Use Building Johannesburg CBD
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
We have been provided with the following tenancy information (excluding VAT where applicable - subject to change). Copy of
unsigned lease for Guildhall Pub and Restaurant (expired 28 Feb 2012) available upon request.
Historic Mixed Use Building Johannesburg CBD
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
Historic Mixed Use Building Johannesburg CBD
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
Historic Mixed Use Building Johannesburg CBD
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 Diagram
Historic Mixed Use Building Johannesburg CBD
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
Historic Mixed Use Building Johannesburg CBD
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
Historic Mixed Use Building Johannesburg CBD
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
Historic Mixed Use Building Johannesburg CBD
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
Historic Mixed Use Building Johannesburg CBD
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