Campus Building

14 Abattoir Road | Ashburnham | Kimberley  | 8300

Private Treaty

SALE BY PRIVATE TREATY
Click To Purchase

Investment highlights

  • Single vacant complex of 9 office buildings

  • GLA: 4,700m²

  • 3.4ha erf

  • Possible rezoning for high density residential development

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Location

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 Ashburnham suburb (primarily an industrial area). The Norchman Diesel Tech Iveco Truck repair centre is situated across the street and multiple other nationals operate from this location, including the Document Warehouse storage facility, Econo Foods Factory shop and RAM Hand to Hand Couriers.

The property is relatively close to the CBD of Kimberley, which is accessible via Rutherford Road and Transvaal Road (N12).

Description

The property was previously occupied by the Department of Sports, Arts & Culture and is being sold with vacant occupation.

It consists of 8 single level, painted brick & plaster, rectangular buildings which comprise of the following:

Building A: ± 458m²

  • Multiple private offices
  • Single male, female & disabled ablutions

Building B: ± 81m²

  • Reception office and waiting area
  • Multiple private offices
  • Single ablutions

Building C: ± 458m²

  • Multiple private offices and an open-plan office 

Building D: ± 458m²

  • Multiple private offices
  • Single male, female & disabled ablutions

 Building E: ± 2,399m²

  • Combination of private offices, open plan offices and storage facilities
  • Two male, female and one disabled ablutions
  • Staff kitchen
  • Scullery

Building F: ± 356m²

  • Multiple private offices & an open plan office
  • Single male & female ablutions

Description cont.

Building G: ± 386m²

  • Combination of private offices and open plan office/boardroom
  • Single male & female ablutions
  • Staff kitchen

Building H: ± 164m²

  • Multiple offices
  • Male & female ablutions
  • Staff kitchen

The property is serviced by an interlocked, brick-paved driveway from the street frontage as well as a brick-paved parking area with approximately 49 open parking bays. There is a painted brick and plaster guardhouse at the driveway gate entrance. The property is secured by a palisade driveway gate street entrance and a complete pre-cast wall on the perimeter around the developed area, although the balance of the property is only partially walled.

The property is in need of maintenance should it be acquired for a commercial use although it is well positioned to rezone the property for high density residential usage given its proximity to the expanding townships of Colville and Floors TWP.

 

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Title Deed and Zoning Information

Title Deed Number: T98/2014

Legal Description: Erf 29755 Kimberley

Registered Owner: Delta Property Fund Limited

Local Authority: Sol Plaatje Municipality

Extent: 3,4149 ha

Zoning: Industrial

Primary Uses: Commercial buildings, industrial buildings, business premises, builder’s yard, canteen.

Rentable Areas

Building Size (Sqm)
Office 4,700
Total 4,700
Parking Bays
Open 49
Total 49

 

 

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Forecasted monthly rates and taxes expense

 

Current Rates and Taxes   R22 942.47
Projected Current Rates for July 2023  R24 319.00

 

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 SAPX.

Interested parties will have access to the Property Brochure and NDA on registration on the SAPX 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.

Should you have any queries regarding the process please contact either Lara or Kedibone

Lara Joffe 076 800 0778 lara@thepropertypact.com
Kedibone Bolofo 083 988 1740 kedi@thepropertypact.com

Contact Us

SAPX    
Lance Chalwin-Milton lance@thepropertypact.com  +27 (0) 83 255 9275
PJ Muller pj@thepropertypact.com +27 (0) 82 888 0828

 

 

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