7882 m² Retail Space in Ferndale

R 42 000 000 Offers from R 41 900 000

James van Niewenhuizen

Rowcor Properties

7882 m² Retail Space in Ferndale

R 42 000 000 Offers from R 41 900 000

2 the garden shopping mall, 176 braam fisher road
Can I afford this?
Floor Area 7882 m²
Land Area 4050 m²
Rates R 6996

ECUTIVESUMMARY &

KEYINVESTMENTHIGHLIGHTS

StreetAddress: TheGardensShoppingMall 176BramFisherDrive,Ferndale,

Randburg,Johannesburg,SouthAfrica

GPSCo-Ordinates: S265'26.43E2800'24.68

ExistingUse: Retail,Apartments&OfficeBuilding

TenureType: FullTitle

BuildingAreas: GrossBuildingArea7,882m2

RetailGrossLettableAreaapprox.4,100m2

TotalLandArea: 4,050m2

Parking: 58bays(roofparking-28,rearparking-16,streetfront-14

ApproximateGrossRentalIncome

forFebruary 2019

TotalGross:R540,260

Retail/Shops:R214,860

Apartments:R268,920

ApproximateNetProfitbeforeTax

forFebruary 2019

R411,025

KeyInvestmentHighlights: 2StoreyRetailSection

68apartmentswithrezoning&approvedplansforupto145

apartments

Potentialupsideifthecenterisreworked

6kmfromSandtonhubandupgradingoftheareaandpropertiesis

movingtowardstheGardensMall

Highvolumefootfallandpassingtraffic

Therentalinformationinthisbrochureisassuppliedandisnotintendedtoconstitutespecificadvicenortosubstituteforadue

diligenceexercise,andaccordinglyshouldnotbereliedupontomakeapurchasedecision.Prospectivepurchasersshouldmake

theirownmarketenquiriesandinvestigations,andshouldfurtherseekappropriateindependentprofessionaladviceinrelation

theretofromsuitablyqualifiedprofessionalstocompletetheirownduediligenceinrelationtotheProperty.

GENERALINFORMATION

StreetAddress: TheGardensShoppingMall 176BramFisherDrive,Ferndale,

Randburg,Johannesburg,SouthAfrica

GPSCo-Ordinates: S265'26.43E2800'24.68

TitleDeedInformation: TitleDeedOwner:DrPranAndhee

TitleDeedDescription:Erf742Ferndale

RegisteredLandSize:4.050m2

MunicipalInformation: Municipality:CityofJohannesburgMetropolitanMunicipality

Zoning:Business1 RandburgScheme- seeacopyofthezoning

certificateattachedtothisbrochure.

PrimaryRights:Shops,businesspremises,adwellingunit,

warehouses,residentialbuildings,placesofpublicworship,placesof

instruction,socialhalls,publicgarages,hotels,parkinggarages.

Note:Buildingcontrolsindicatedhereinarebasicsummaries- therearevariouscaveatsandprovisionsintheTownPlanning

Schemewhichmayfurtheraffectbuildingcontrolsdependingonuseanddesign.Itisthereforerecommendedthataprospective

purchaserstudytheZoningCertificateinconjunctionwiththeRandburgZoningScheme(acopyisavailableuponrequest)and

theTitleDeedtomorepreciselyunderstanddevelopmentpotentialoftheproperty

HeightRestriction: Heightzone1 6Storeys

Coverage: Variable Residential50%toNon-residentialgroundfloor85%(see

zoninginformationattached)

FloorAreaRatio: Variable Residential3.0toNon-residential3.85(12,150mto

15,592.5m)

BuildingLines: 9malongHendrikVerwoerdDrive(BramFischerDrive)and4.5mall

otherstreetboundaries.

TheSellerhasapprovedarchitecturalplanstobuildanadditional77residentialunitscomprisingbothone

bedroomandtwobedroomapartments.

PropertyAssessmentRates:Based ontheFebruary 2019 ratesstatementsupplied (excluding

consumptioncostsandcitylevies)

Municipal

ValuationRoll

RatingCategory 2018/2019

CategoryTariff

2017/2018Annual

AssessmentRates

2017/2018

Monthly

AssessmentRates

(Annual12)

R15,040,000.00 Multipurpose

Business

0.0190970 R287,218.92 R23,934.91

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Experience Randburg and Ferndale

The suburbs of Randburg offer a wide variety of neighbourhoods to suit most lifestyles and, have a mixed population of old and young residents. Property types include older homes and new developments. Diggers and Randburg Sports Club offer professional facilities for all major sporting activities, for young and old. For nightlife and entertainment, Randburg is very central. Parkhurst or Greenside’s boulevard cafés, Monte Casino's multitude of restaurants, theatres and gambling facilities are a mere 20 minutes away. For outdoor lovers, the Lion Park and the Cradle of Humankind has a wide variety of attractions, in close proximity.

Find out more about Randburg and Ferndale

7882 m² Retail Space in Ferndale

R 42 000 000 Offers from R 41 900 000

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