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Title and Zoning Description
Title Deed Number | T31654/2015 |
Registered Owner | The GEPF |
Erf Number | Ptn 8 of 927, Ptn 9 of Erf 927 & RE of Erf 927, Constantia Kloof Ext.1 |
Extent | 3,190 sqm (807 sqm + 832 sqm + 1551 sqm) |
Local Authority | City of Johannesburg |
Zoning | Business 4 |
Height Restriction | 3 Storeys |
Coverage | 70% |
FAR | 0.4 |
Parking Requirements | 4 bays per 100 sqm of Office GLA |
Parking Bays | Basement: 17, Covered: 25 & Open: 7 |
Tenancy and Covenant
Tenancy
Tenant: WIRUlink (Pty) Ltd Area: sqm (Ground floor)
Lease term: 3 years
Lease Start: 01/07/2023
Lease Expiry: 30/06/2026
Rent: R25,000
Escalation: 7% per annum
Covenant
WIRUlink (Pty) Ltd is a licensed internet and telephone provider, operating since 2010. WIRUlink is known for building, monitoring, operating and maintaining an advanced Fixed Wireless network in South Africa. The network and equipment are fully owned and managed by WIRUlink, and there is no reliance on third-party networks.
Forecasted Monthly Rates and Taxes
As of September 2024
Ptn 8 of Erf 927 – R0
Ptn 9 of 927 – R0
RE of Erf 927 – R36,646
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.
