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Please consider the environment before printing this Property |
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Well-maintained office park nestled in sought-after Waterfall node
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for sale
private treaty
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Location
Summary
- A wholly-owned Sectional Title Scheme located in Waterfall Park
- The Sectional Title Scheme is made up of 23 sections measuring 2,995 sqm in total. When the common areas are added the GLA amounts to 3,638 sqm
- The property currently only has 1 tenant occupying 569.10 sqm, occupied by a single tenant, offering a great opportunity for an owner occupier, speculator or conversion specialist
- The property enjoys easy access from and exposure to Bekker Road
Situation
Vorna Valley is an established node within Midrand. The recent addition of the Mall of Africa and the Waterfall City development have greatly enhanced the appeal of the area.
The property is situated in the access controlled Waterfall Business Park, which enjoys access from Bekker Road, a key road parallel to the N1 National Road and linking up to Pretorius Street which connects to Allandale Road. The Waterfall Park development is a large development, offering a number of different property types. The main entrance to the Park is on Mac Mac Road, where visitors are required to sign in. The property can be accessed from Howick Close and Mahai Close.
Description
The wholly-owned Sectional Title Scheme comprises of 23 sections in the Waterfall Close sectional scheme. This property has two separate buildings each following a simple rectangular shape with double storey offices.
The buildings follow a basic design, with the exterior façade being two-tone face-brick. The sectional title units are of varying extents and configurations. Various doors allow access into the buildings, with stairs allowing access to the first floor.
Internally the units have split air-conditioning and the floor coverings are primarily tiles and carpets.
Ablutions are shared and these are accessed from the common areas.
Zoning and Title Deed Information
Sectional Title Deed Number |
ST50770/2011 |
Sections | 1 to 23 |
Sectional Scheme | Waterfall Close BC (SS1016/1995) |
Erf Number | 1340 Vorna Valley Ext 21 |
Registered Owner | The GEPF |
Extent | 8,447 sqm |
Local Authority | City of Johannesburg |
Zoning | Special |
Height Restriction | 3 storeys |
Coverage | 40% |
FAR | 0.4 |
Building Lines | 5m metres along street boundaries |
Parking Bays | Covered: 69, Open: 60, Shade 9 & Basement: 17 |
Tenancy and Covenant
The property is currently 100% vacant
Forecasted Rates and Taxes
As of September 2024
Rates and Taxes R47,056
| Rates and Taxes | R37,996 |
VAT
The Seller has been registered for VAT (Value Added Tax). It is intended that the sale will be treated as a transfer of a going concern, provided that the purchaser is registered for VAT and the requirements for going concern are met in terms of the VAT Act, No. 89 of 1991.
Sales Process
This property is being sold by way of a single stage open private treaty process.
Interested parties are requested to notify us of their interest to purchase the property in writing to the email addresses of the agents provided herein. To investigate the opportunity in greater detail interested parties will also be expected to submit and conclude the Seller’s Standard Non-Disclosure Agreement (“NDA”) – available under the Downloads tab.
The NDA must be completed if the purchasers want access to a comprehensive due diligence data room. In the data room bidders will gain access to:
- A comprehensive Open Private Treaty Process Letter (setting how offers must be submitted);
- Property specific due diligence information; and
- A template sale and purchase agreement.
Bids will be accessed on three main criteria:
- Price;
- Ability to perform / track record & proof of funds; and
- Conditionality (i.e. speed of performance).
Disclaimer
The website provides information about properties but does not guarantee its accuracy. Users access the site at their own risk and should seek professional advice before making any decisions based on the information provided. Property descriptions are general and do not constitute an offer or contract. All details are believed to be correct but should be verified by users. The company and its employees do not make any representations or warranties regarding the properties. Prices quoted are exclusive of taxes. The information on the website may contain errors, omissions, or may change without notice. Users should conduct their own investigations before making any investment decisions. The information provided should not be considered financial or investment advice. Any information given by the company or the vendor is for illustration purposes only and does not constitute a representation, condition, or warranty. Users are responsible for conducting their own due diligence to verify the accuracy of the information provided.
Contacts
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CBRE Excellerate
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Joint Agency
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Disclaimer
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