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Parow – Cape Town
Let Fuel Station
with Showroom & Workshops
362 Voortrekker Road
Web Ref : P1831
Thursday, 16 October 2014 @ 12h00
2nd Floor, The Square, Cape Quarter, 27 Somerset Road – Green Point, Cape Town
Zubair Mullah | 074 579 0286 | ZubairM@Aucor.com
Terms & Conditions
R50 000 refundable deposit (strictly bank guaranteed cheque or cash transfer only). Bidders must provide original proof of identity and
residence on registration. No cash will be accepted at the auction. No exceptions. All bids are exclusive of VAT. Aucor Property may bid
up to reserve on behalf of the sellers. Subject to change without notification. Auctioneer: Martin Dibowitz
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Index
Disclaimer
Images
Property Information
Locality
Property Description
Tenancy
Surveyor Diagram
Rates
Site Licence
Title Deed
Notes
Auction Information
Deposit
5% of bid price
Commission
10% plus 14% VAT thereon of the bid price
Confirmation period
20 October 2014
Rules of auction and conditions of sale are available on www.aucorproperty.co.za/
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Images
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Property Information
General
Property Address
362 Voortrekker Road
Parow – Cape Town
Title Deed Information
Title Deed Number
T12502/2000
Registered Owner
Soleprops 117 Pty Ltd
Title Deed Description
Remainder of Erf 7832 Parow
Registered Land Size
2,652m²
Municipal Information
Municipality
City of Cape Town
Zoning
General industrial 1
Permitted Uses
“Industry, restaurant, service station, motor repair garage, funeral parlour, scrap yard, authority
use, utility service, crematorium, rooftop base telecommunication station, freestanding base
telecommunication station, transport use, multiple parking garage, agricultural industry, private
road, open space and additional use rights as listed in subsection (b)”
Monthly Rates – as per August 2014 account (excluding consumption costs)
Property Rates
- R 5,311.62
Improvement District
- R 986.05 excl VAT
Refuse
- R 687.36 excl VAT
Total
- R 6,976.03
Licences / Tripartite Agreement
Site Licence
Yes – in name of Seller (Soleprops 117 Pty Ltd)
Retail Licence
In name of tenant (Henque 2026 CC)
Tripartite Agreement
Between BP (Fuel Company), Henque 2026 CC (tenant / operator) & Soleprops 114 CC (Seller)
Expiry 28 February 2019 – available upon request
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Locality
The subject property is located on Voortrekker Road in Parow. Parow is an established suburb situated approximately 17km eastnorth-east of the Cape Town city bowl. Voortrekker Road is a busy arterial linking Parow to Bellville and, Goodwood and Cape Town
proper. Voortrekker Road is lined with retail buildings. Various business and workshops are situated south of Voortrekker Road with
residential homes situated north of the road.
All relevant services, including municipal electricity and sewerage disposal have been installed and are regarded as adequate and
reliable. Firefighting, police and medical services are all available within the general area from the subject property.
GPS co-ordinates for the site is as follows: S 33°54'10.80"; E 18°36'14.01"
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Property Description
Primary Use
Filling Station, Retail and Workshops
Condition
The site is continually maintained with some maintenance and repairs required. We have not arranged for
a structural survey nor arranged for tests / inspections of the service installations, however these appear to
be sound and in working order.
Building Areas
Approximate areas (as supplied)
Tenant
Fuel Sales
Area
Under Roof
Fuel Pumps & Driveways
Easy Cars
Under Roof
Open display
Chemspec
Under Roof
Private Parking
Northern Coachworks Under Roof
Washbay
Vacant
Total - excl Canopy and driveways
±m²
53.6
350
280
50
216
82
387
37
594
1617.6
Site Upgrade
We have been advised that the filling station is to be upgraded by BP in the coming months. We have
been advised that the site is pumping ± 160,000l per month but the upgrade should increase the literage.
Tanks
The current fuel storage capacity is 55KL. As part of the upgrade, BP is to remove all fuel current tanks
and replace with new tanks at a capacity of 69KL. Replacement tanks are to be as follows:
Tank No
T1
T2
T3
Description
23 Cubic Meter Storage Tank
23 Cubic Meter Storage Tank
23 Cubic Meter Storage Tank
Pump Type
Submersible
Submersible
Submersible
Product Storage
ULP 95
Diesel 50
LRP
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Property Description
Approximate Boundaries
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Tenancy
The following summary is based on Leases supplied by the Seller – Copies of leases are available upon request
Tripartite Agreement:
Expiry Date:
Between BP (Fuel company), Henque 2026 CC (tenant / operator) & Soleprops 114 CC (Seller)
28 February 2019
Tenant:
Leased Premises:
Henque 2026 CC T/A Super Fuel Sales
Designated forecourt / fuel pump area together with the associated driveway, office, kiosk,
snack shop and store room – 202m² (per lease)
1 June 2012
31 May 2015
For the full length of the BP supply agreement
1 June 2014 to 30 May 2015
- R 16,561.38 excl VAT / month
8%
All consumption charges and pro rata rates plus 1/12th increase of rates and sundry costs as
indicated in the lease
“The Lessor hereby grants the Lessee the RIGHT OF FIRST REFUSAL in the event of any
potential sale of the leased property. Should the Lessor receive a bona fide offer to buy, he shall
show it to the Lessee who shall have 48 hours to submit an equal or better offer to the Lessor,
failing which the Right of First Refusal will be considered as having lapsed”
Commencement Date:
Expiry Date:
Renewal option:
Rental:
Previous Escalation:
Recoveries:
First Right of Refusal:
Tenant:
Leased Premises:
Commencement Date:
Expiry Date:
Option to Renew:
Rental:
Escalation:
Recoveries:
Tenant:
Leased Premises:
Commencement Date:
Expiry Date:
Option to renew:
Rental:
Previous Escalation:
Recoveries:
179 Easy Cars Pty Ltd
The dedicated showroom area, associated offices, and outside demarcated vehicle display areas
on the upper level of the premises
1 April 2014
31 March 2017
Yes
1 April 2014 to 31 March 2015
- R 25,000.00 excl VAT / month
Annual Consumer Price Index
Pro rata consumption charges and pro rata rates plus 1/12th increase of rates and sundry costs as
indicated in the lease
Chemical Specialties Limited
The workshop, 5 Jenkins Street - ±216m² (per lease)
1 March 2012
28 February 2015
Yes
1 March 2014 to 28 February 2015 - R 9,504.80 excl VAT / month
9%
Pro rata consumption charges and pro rata rates plus 1/12th increase of rates and sundry costs as
indicated in the lease
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Tenancy
Tenant:
Expiry:
Rental:
Body Works (As indicated by Seller - Lease not supplied)
31 January 2015
R 9,431.35 excluding VAT / month
October 2014 Rental Income
Tenant
Rent (Excl VAT)
Super Fuel Sale (Fuel Station)
R
16 561.38
179 Easy Car Pty Ltd
R
25 000.00
Chemical Specialties Ltd
R
9 504.80
Northern Coachworks
R
9 431.35
Vacant (±594m²)
R
-
Total
R
60 497.53
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Surveyor Diagram
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Rates
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Rates
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Site Licence
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Title Deed
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Notes
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Notes
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.
Let Fuel Station with Showroom & Workshops
Parow – Cape Town
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither AUCOR (Pty) Ltd nor the Seller/s guarantee the correctness of the information,
Disclaimer
provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or
Whilst
all reasonable
care has
been whether
taken todue
provide
accurateorinformation,
neither
AUCOR
(Pty)
LtdSellers
nor the
Seller/s
omissions
in the information
provided,
to negligence
other wise of
AUCOR
(Pty) Ltd
or the
or any
otherguarantee
person. the correctness of the
information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a
result of errors or omissions in the information provided, whether due to negligence or other wise of AUCOR (Pty) Ltd or the Sellers or any other person.