BP Karenpark PTN 512 Hartebeesthoek 303 JR Sep 19 NdJ2

Karenpark High-Density Residential Development Opportunity
Akasia Previously approved for 509 Units (Seller Supplied)
Corner Dale & Reginald Ave

Wednesday, 16 October 2019 @ 12h00
Houghton Golf Club – Osborn Road, Houghton, Johannesburg

Sean Parsons | 082 464 7292 | SeanP@aucor.com
Version 2: 7 October 2019

Prime Development Opportunity (509 Units) – Karenpark, Akasia
Index
Disclaimer, Auction Information and Terms & Conditions Page 3
Property Images Page 4
Executive Summary & Key Investment Highlights Page 6
General Information Page 7
Locality Information Page 9
Property Description Page 11
Supplementary Documentation Page 14
Rates Statement Page 16
Zoning Information Page 19
General Plan Diagram Page 22
/AucorProperty www.aucorproperty.co.za 2
Disclaimer, Auction Information and

Terms & Conditions
Disclaimer
Whilst all reasonable care has been taken to provide accurate information, neither Aucor Corporate (Pty)
Ltd T/A Aucor Property nor the Seller/s guarantee 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 otherwise
of Aucor Corporate (Pty) Ltd T/A Aucor Property or the Seller/s or any other person.
________________________________________________________________________________________________________
Auction Information
Deposit 5% of the bid price
Commission 10% plus 15% VAT thereon of the bid price
Confirmation period 2 Business Days
Rules of auction and conditions of sale are available at www.aucorproperty.co.za/
________________________________________________________________________________________________________
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: Pieter Geldenhuys.
Property Images
are drawn for illustrative purposes only.
Boundary lines are not to scale and
Property Images
Chantelle
are drawn for illustrative purposes only.
Boundary lines are not to scale and
Executive Summary &

Key Investment Highlights
Street Address: Cnr Dale & Reginald Av e - Karenpark, Akasia
GPS Coordinates: -25.6720, 28.0912
Registered Land Size: 4.2394 ha / 42,394m²

Zoning: Agricultural* - See zoning certificate attached to this brochure
Township Establishment Approval: Residential 3 - ±509 units max (See page 8 for details )
Assessment Rates: R690.75 per month - excluding consumption charges and city levies
* Note - A township establishment approval for a township comprising two erven with land sizes of 3.7884ha
and 4,030m² with Residential 3 and Special zonings, respectively, has been obtained from council. The Erf
with the Res 3 zoning will allow for a proposed density of a maximum of ±509 units (as suppllied by the Seller).
See Page 8 for details. It is advised that potential purchasers contact a local town planner to determine the
current status and to obtain advice on the best course of action to resume and finalize the application.
The site is generally flat w ith no noticeable slope thereon. The

Topography: unimprov ed portion of the site is mostly cov ered in v arious grasses, shrubs
and trees.
There is an existing, partially double-storey dw elling house erected along
the center of the w estern property perimeter. Access into the house
Improvements:
could not be obtained upon the conducted site v isit to determine the
specifications and condition of existing features.
From the Rates Statement as issued by the City of Tshw ane Metropolitan
Municipality, it appears that the site is connected to council supplied
Services: w ater and electricity.
The status of service connections and the capacities thereof should be
confirmed.
The property w ill be sold w ith v acant occupation upon registration of

Occupation:
transfer.
Adv antageously located on a corner stand w ith ease of access to

v arious arterial roads and highw ays including the R513 (Brits Rd), R80
(Mabopane Highw ay) and the N4 highw ay.
I deally situated in a fast dev eloping node north w est of the Pretoria CBD
in a complex of suburbs encompassing The Orchards, Chantelle and
Theresapark.
According to the Regional Spatial Dev elopment Framew ork (RSDF) for
Region 1, Portion 512 is earmarked for "Suburban Density" (i.e. residential
Key Investment Highlights: dev elopment) - Seller supplied
The node is a fast grow ing area and has seen an uptick in direct
inv estment, w ith the grow ing population of young graduate professionals
as one of the key driv ers for inv estment into the area.
Key dev elopments in the area include the Wonderpark Estate, the
expansiv e Wonderpark Shopping Centre (w hich is the largest shopping
mall in Akasia), Karenpark Crossing centre situated opposite the
Wonderpark Shopping Centre and the Netcare Akasia hospital. All these
dev elopments are less than 1km from the subject property.
By bidding on this property, the purchaser acknowledges that he has acquainted himself with the extent and
the nature of the property he is buying, and that he accepts the property as such.
General Information
Street Address Corner Dale & Reginald Ave - Karenpark, Akasia
GPS Coordinates -25.6720, 28.0912
________________________________________________________________________________________________________
Title Deed Information
Title Deed Number T57284/2009
Registered Owner Oxyros 51 CC
Title Deed Description Portion 512 of the farm Hartebeesthoek 303-JR, Tshwane
Metropolitan Municipality*
Registered Land Size 4.2394ha / 42,394m²

Title Deed Conditions A copy of the title deed Is on hand and will be made available
to prospective purchasers upon request
* Holding 11 of Doreg Agricultural Holdings has been excised and is now known as Portion 512 of the farm
Hartebeesthoek 303-JR
________________________________________________________________________________________________________
Municipality Information
Municipality City of Tshwane Metropolitan Municipality
Rates Excluding consumption charges and city levies. Based on the
Tax Invoice as issued by the Council for the August 2019 billing
period - see a copy of the invoice attached to this brochure for
these and other charges.
Municipal Rates 2018 / 2019 2018 / 19 Annual 2018 / 2019 Monthly

Exclusion Rebate
Valuation Category Tariff Rates Rates (Annual ÷12)
R 2 700 000 Agricultural N/A N/A 0,0030700 R 8 289,00 R 690,75
________________________________________________________________________________________________________
Town Planning Information
Zoning Agricultural - See zoning certificate attached to this brochure
Permitted Uses (per current scheme)* “Agriculture, Farm stall, One Dwelling-house”
Coverage Restriction 50% or 2.1197ha / 21,197m²
Height Restriction Height Zone 10 – Two (2) Storeys / 10 metres
Floor Area Ratio FAR Zone 21 - Not applicable
Building Lines 10m along all street boundaries
* Tshwane Town Planning Scheme, 2008 (Revised 2014)
General Information
Town Planning Information
The subject property was the subject of a township establishment application, which was accepted in
principle by the relevant departments within the Tshwane Metropolitan Municipality (hereinafter referred to
as "Council"). The proposed township, known as Karenpark Extension 49, was to comprise 2 erven, with
differing zonings. Salient details of the application can be summarised as follows:
Erf 1441 & Erf 1442
Proposed Township Karenpark Extension 49

Zoning Residential 3
Total Usable Area Erf 1441 - 3.7884ha / 37,884m² Erf 1442 - 4,030m²
Total – 4.1914ha / 41,914m²
Coverage 20% or 8,478.8m²
Height 6 Storeys
Floor Area Ratio TBC
Density 509 units maximum
Building Lines TBC
Parking TBC
Stage of Completion:
The Township was approved by Council and was subsequently been surveyed and submitted to the
Surveyor General for approval of the General Plan. The General Plan for Karenpark Extension 49 was
approved (see copies of the layout plan as approved by Council as well as the General Plan attached to
this brochure).
From documents on hand the Seller has provided the Town Planners with consent to request an extension of
time until 8 August 2015. It appears that the process to proclaim and register the township in the Deeds
Office has lapsed and it is therefore advised that prospective purchasers contact the local Town Planner to
determine the exact status of the process as well as determine necessary next steps for completing the
process.
Further details pertaining to the completion of the application are on hand and will be made available to
bona fide potential purchasers.
*Note all information above is as supplied by the Seller. Supporting approval documentation has been
requested and will be made available to bona fide purchasers upon our receipt thereof.
Locality Information
Macro Locality
The subject property is located in a fast-developing node situated north-west of the Tshwane CBD in a middle-to-
upper LSM suburb known as Karenpark. Karenpark forms part of a complex of suburbs including the likes of The
Orchards and Theresapark, known as Akasia. The node is characterised by a growing population of young
graduate professionals, which is one of the key drivers for the recent significant investment from the private
sector, as evidenced by the expansive Wonderpark Shopping Centre, the Netcare Akasia Hospital and a number
of high density residential developments, which have only recently come to market in the area. The locality is
well-serviced by a number of major and secondary roads connecting the property to the Pretoria CBD (south-
west of the property) and the greater Gauteng City region via the nearby R80 and N4 highways. All major and
general amenities are available in the area, whilst all major municipal services are available, as well.
GPS coordinates for the site are as follows: -25.6720, 28.0912.
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe
Locality
Locality
Information Information
Micro Locality
Karenpark
Rosslyn
Akasia
Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe

Chantelle
Note: Boundary lines as per the submitted Township
Establishment application, based on the assumption that the
two erven will be transferred and registered as such.
N Locality
Information
Erf 1441
Property
/AucorProperty
Approximate Boundaries
Erf 1442
Description
www.aucorproperty.co.za
Image Data: City of Tshwane GIS
Land Restitution Claims

We are not aware of any restitution claims currently lodged over the property.
Invasive Alien Plants

We are unaware of any Invasive Alien Plants on the property. By bidding on this property, the purchaser acknowledges
that he has acquainted himself with the extent and the nature of the property he is buying and that he accepts the
property as such, including the vegetation on the property.
11
Property Description
Topography The site is generally flat with no noticeable slope thereon. The unimproved portion
of the site is mostly covered in various grasses, shrubs and trees.
N Erf 1441
Erf 1442
Image Data: Tshwane GIS and Maps
________________________________________________________________________________________________________
Improvements There is an existing, partially double-storey dwelling house erected along the
center of the western property perimeter. Access into the house could not be
obtained upon the conducted site visit to determine the specifications and
condition of existing features.
________________________________________________________________________________________________________
Geotechnical We have not been supplied with a detailed geotechnical report.

________________________________________________________________________________________________________
Services From the Rates Statement as issued by the City of Tshwane Metropolitan
Municipality, it appears that the site is connected to council supplied water and
electricity.
The status of all service connections and the capacities thereof should be
confirmed.
________________________________________________________________________________________________________
Access Direct access appears to be obtained from Dale Avenue. This, as well as
application for access from Reginald Avenue, will have to be undertaken with the
relevant department.
________________________________________________________________________________________________________
Property Description
Power The property is serviced with council supplied electricity. The capacity current
connectivity thereof should be verified.
________________________________________________________________________________________________________
Perimeter The property is predominantly unbounded. The western perimeter features a
combination of concrete and face brick walls from the neighbouring properties of
Karenpark Extension 34.
________________________________________________________________________________________________________
Occupation The property will be sold with vacant occupation upon registration of transfer.
________________________________________________________________________________________________________
Condition By bidding on this property, the purchaser acknowledges that he has acquainted
himself with the extent and the nature of the property he is buying and that he
accepts the property as such.
Supplementary Documentation
Layout Plan as approved by Council – Karenpark Extension 49
Supplementary Documentation
Proposed General Plan for Karenpark Extension 49
Rates Statement
August 2019 Billing Period
Rates Statement
Rates Statement
Zoning Certificate
Zoning Certificate
Zoning Certificate
General Plan Diagram

Original Township
Large Development Opportunity (304 Units) – Karenpark, Akasia

BP Karenpark PTN 512 Hartebeesthoek 303 JR Sep 19 NdJ2

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Karenpark High-Density Residential Development Opportunity

Akasia Previously approved for 509 Units (Seller Supplied)

Corner Dale & Reginald Ave

Houghton Golf Club – Osborn Road, Houghton, Johannesburg

Version 2: 7 October 2019

Disclaimer, Auction Information and Terms & Conditions Page 3

Property Images Page 4

Executive Summary & Key Investment Highlights Page 6

General Information Page 7

Locality Information Page 9

Property Description Page 11

Supplementary Documentation Page 14

Rates Statement Page 16

Zoning Information Page 19

General Plan Diagram Page 22

Disclaimer, Auction Information and

Rules of auction and conditions of sale are available at www.aucorproperty.co.za/

Terms & Conditions

Executive Summary &

Registered Land Size: 4.2394 ha / 42,394m²

The site is generally flat w ith no noticeable slope thereon. The

The property w ill be sold w ith v acant occupation upon registration of

Adv antageously located on a corner stand w ith ease of access to

GPS Coordinates -25.6720, 28.0912

Registered Owner Oxyros 51 CC

Registered Land Size 4.2394ha / 42,394m²

Municipal Rates 2018 / 2019 2018 / 19 Annual 2018 / 2019 Monthly

Coverage Restriction 50% or 2.1197ha / 21,197m²

Height Restriction Height Zone 10 – Two (2) Storeys / 10 metres

Floor Area Ratio FAR Zone 21 - Not applicable

Building Lines 10m along all street boundaries

* Tshwane Town Planning Scheme, 2008 (Revised 2014)

Erf 1441 & Erf 1442

Proposed Township Karenpark Extension 49

Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe

Image Data: Google, AfriGIS (Pty) Ltd, DigitalGlobe

Land Restitution Claims

Invasive Alien Plants

Image Data: Tshwane GIS and Maps

Geotechnical We have not been supplied with a detailed geotechnical report.

General Plan Diagram

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