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Title Deed Information
Title Deed Number: T322/2016
Legal Description: Erf 11027 Bloemfontein Ext 65 and Erf 15975 Bloemfontein
Registered Owner: Delta Property Fund Limited
Local Authority: Mangaung Metropolitan Municipality
Extent: 4,627 sqm (Erf 11027) and 7,550 sqm (Erf 15975)
Zoning Information
Zoning: General Industrial
Primary Uses: Industrial Buildings, Light Industrial Buildings, Auctioneers Buildings, Warehouse, Service Industry, Wholesale Warehouse, Motor Workshop, Industrial Shop and Business Premises
Height Restriction: No restrictions
Coverage: Warehouses and wholesale warehouses 85%, Industrial buildings 85%
F.A.R: No restrictions
- Parking: Industrial Buildings – 1 space/100 sqm GLA
- Manufacturing 1 space/100 sqm GLA
- Warehousing 1 space/100 sqm GLA
- Dairies, bakeries & laundries 1 space/100 sqm GLA
- Storage yards 1 space/100 sqm GLA
- Building Lines: 0 metres
Rentable Areas
| Description | Size (Sqm) |
| Office and warehouse | 6,200 |
| Total | 6,200 |
Tenancy
SAPS Services
- Area: 6,200 sqm
- Tenant has Right of First Refusal
NOI
PROJECTED FIRST YEAR NOI
Period July 2023 – June 2024
Gross Income (ZAR) 4,435,132.40
Gross Expenses (ZAR) 1,033,995.33
Net Operating Income (ZAR) 3,401,137.07
*A full breakdown of the projected NOI is available upon signature of an NDA, along with tenancy schedules and rent rolls and the balance of the due diligence information.
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 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.
