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Please consider the environment before printing this Property |
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Industrial Oasis: Prime Property featuring Office, Factory and Warehousing Facilities
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for sale
Private Tender
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Location
Summary
- Large industrial factory or warehouse
- Saw-tooth design with good natural light
- Active business & industrial area
- GLA: ± 4 400 m²
- Extent: 5 222 m²
Situation
The property in question is situated in a prime location in Kimberley, as part of the city’s allotment area to the East of the historic “Big Hole” district. With established infrastructure and comprehensive services, the area is part of the Sol Plaatje Municipality.
Kimberley is primarily a commercial and industrial hub. The N8 Bloemfontein route, N12 and R59 arterials from Johannesburg and Vereeniging provide easy access.
The recently opened Sol Plaatje University is poised for growth, with projections indicating that over 7,000 students will be enrolled in the next decade. This is expected to bring new life to the former mining town and boost activity in the property sector.
The property is located in the Cecil Sussman suburb (primarily an industrial area) and is near public amenities, including educational facilities, public transportation, shopping centers, and recreational areas.
Similar commercial properties, ranging in size, use, zoning, and condition, surround the subject property.
Description
This is a well-positioned, industrial property.
There are two main components to this property: offices and warehousing. The office building covers an area of approximately 2,134m² and is a single level, face-brick structure. Inside, there is a
reception office, multiple open plan and private offices with a combination of carpeted and ceramic tiled floors, male and female ablutions, a staff kitchen, and ancillary storerooms and offices.
The warehousing area covers an area of approximately 2,266m² and is a large face-brick structure with a saw-tooth design that provides good natural light. The warehouse has a height of
approximately 6.6 meters to the eaves and reaches up to approximately 10 meters at its highest point. Inside, there is a concrete flooring, internal dry-walled office components, and a large wooden
mezzanine level. The warehouse is serviced by a standard roller shutter door with access to the rear parking area which has a concrete yard and several IBR sheeting carports. In addition, there is a secondary warehouse with a mezzanine level and fluorescent lighting.
Zoning and Title Deed Information
Title Deed Information
Title Deed Number: T828/2013
Legal Description: Erf 12180 Kimberley, Sol Plaatje Municipality Northern Cape
Registered Owner: Delta Property Fund Limited
Local Authority: Sol Plaatje Municipality, Northern Cape
Extent: 5,222 sqm
Zoning Information
Zoning: Commercial 2
Primary Uses: Commercial buildings, canteen
Rentable Areas
| Use | Size (Sqm) |
| Office | 2,134 |
| Warehouse | 2,266 |
| Total | 4,400 |
| Parking | Bays |
| Covered | 10 |
| Open | 6 |
| Total | 16 |
Tenancy
The seller is in the process of concluding a lease agreement with the IEC to take up 1,495 sqm for a period of 7 years.
NOI
Forecasted Monthly Rates and Taxes Expense:
| December 2022 | |
| Rates & Taxes | R44 178,80 |
VAT
The Seller has been registered for VAT (Value Added Tax) and therefore VAT is payable by the Purchaser.
Sales Process
This property is being sold by way of a Private Treaty process under a Sole Marketing Mandate with CBRE-X online.
Interested parties will have access to the Property Brochure and NDA on registration on the CBRE-X online website.
Should you wish to access the full Due Diligence information in the ClicktoPurchase (CTP) data room, we will require you to sign the Non-Disclosure Agreement (NDA), and provide information regarding the entity and individuals represented by that entity, that is expressing an interest in the property. This can be in the form of a link to your company website, your company profile or a brief resume for both the company and key individuals involved in the transaction.
On successful review of your registration, you will be granted access to the CTP data room. Besides all DD documentation, you will also have access to the sale agreement.
Should you wish to submit an offer on the property, you will be required to provide proof of funds or comfort from a financial institution that they would favourably consider an application from yourself for funding for the property in question. Interested parties are invited to submit their best unconditional offer as soon as possible.
Only interested parties that have submitted an NDA and provided the aforementioned information, will be invited to view the property in the company of the Agent or a representative of the Seller.
FICA and KYC verification will be required in order to register on (CTP).
In the instance where a binding offer acceptable to the Seller is presented, the Seller reserves the right to accept any offer but undertakes to instruct the Agent to inform all interested parties (those that have signed a NDA and accessed the DD information via CTP) that there is an offer under consideration at least 5 business days after receipt of that offer.
The agent will present all offers to the Sellers.
All offers need to be open for acceptance for a minimum period of 15 business days from date of submission.
The agent will communicate acceptance of their offer to the winning party and inform all other parties that have not been successful.
Offers will be assessed on, amongst others, the following criteria:
• The price offered.
• Ability to perform and provision of comfort letter or proof of funds for the transaction in question.
• Conditionality of the offer and timeline to conclude the deal.
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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Disclaimer
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