67 Middle Road | Bartlett | Boksburg | 1459
Vacant industrial complex
Built structures measure approximately 11,177m²
Power capacity of 11KVA
The subject property forms part of the Bartlett Industrial node, which is located east of Boksburg CBD and south-east of OR Tambo International Airport. Bartlett used to be small holdings, most of the small holdings have been re-zoned and converted to industrial usage. The area is a popular industrial node -Hughes and Anderbolt are within close proximity. Residential suburbs of Boksburg which include Lakefield, Westwood and Beyers Park surround the subject node.
The subject property comprises five separate buildings, mostly single storey or double volume specialised industrial space. The previous warehouse called the “Veg Plant” provides a double-storey portion used for office space. An additional, free standing, office block has been provided to the north of the “Veg Plant”.
The structure is conventional steel framed and masonry structures. Floors are primarily floated concrete finished with epoxy in the production areas and ceramic tiles in the offices. The roof is long span steel sheeting.
The property is currently vacant and in need of maintenance. It was previously used for the manufacturing, preparation and packaging of food products.
The municipal valuation is excessive, and a new owner would be able to motivate a substantially lower Rates and Taxes bill. An objection has been lodged and the owner is waiting for the city to schedule the appeal.
Zoning and Title Deed Information
Title Deed Number: T15919/2013
Legal Description: Erf 1281 Bardene Ext. 42
Registered Owner: Delta Property Fund Limited
Local Authority: City of Ekurhuleni
Primary Uses: Special solely for Commercial purposes
Height Restriction: 2 Storeys
Parking: As per scheme
Building Lines: 5 meters line on street
This property is vacant.
Forecasted monthly rates and taxes expense
|Current Rates and Taxes||R204,635.92|
|Projected Current Rates and Taxes from July 2023||R216,914.00|
The Seller has been registered for VAT (Value Added Tax) and therefore VAT is payable by the Purchaser.
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
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