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Title and Zoning Description
Title Deed Information
- Erf: 943 Parktown
- Tenure: Freehold
- Registered Owner: Government Employees Pension Fund
- Title Deed Number: T6369/2009
- Local Authority: City of Johannesburg
- Extent: 8,922 sqm
Zoning Information
- Zoning: Business 4
- F.A.R: 0.9
- Coverage: 30%. Provided that the coverage may be increased to 55%Height: 5 Storeys of offices
- Parking: 4 Bays per 100 sqm of Office Floor Area (two floors) Building
- Lines: 9m along Junction Avenue, 3m along Queens Road
Rentable Area
| Use | Size (Sqm) |
| Office | 7,934 |
| Total | 7,934 |
Parking |
Bays |
| Basement | 222 |
| Covered | 69 |
| Open | 13 |
| Total | 304 |
Tenancy
The property is 100% vacant.
Forecasted monthly rates and taxes expense
| Projected from January 2024 | |
| Rates and Taxes | R 121,425 |
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.
