DISCRIPTION AS PER VALUATION Existing 2 ERF ‘s
4) TOWN PLANNING INFORMATION
Zoning: Heavy Industrial
Coverage: 75%
Bulk: 1
Combined Total: 14 085m2 / 1,4085hectares
5) SITE AND SERVICES
- Interlocks
- Reinforced concrete hard stand
- Boundary walls
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6) DESCRIPTION AND LAYOUT OF IMPROVEMENTS
The structural improvements comprise of a main double store office building with a combination of attached double volume and triple volume warehouses, storage facilities and workshops. Minor improvements comprises of general parking, loading bays, ramps, interlocks, etc.
6.1 DESCRIPTION OF STRUCRURAL IMPROVEMENTS
The permanent structures and improvements can best be described at hand of the following :
Structures: All structures have reinforced concrete foundations as per engineer’s specifications.
The double storey office building has 220mm brick walls with concrete slab as per engineer’s specifications.
Warehouses A & B are double volume steel structures filled in with bricks and cladded with fibre cement sheets till roof height and comprises of a
Warehouse C is a double volume steel structure cladded totally with fibre cement sheeting.
Warehouse D which is a triple volume structure filled with bricks and reinforced beams to roof height.
New Workshop/Wash bay building comprises of a brick structure up to roof height
New Storage facility comprises of brick walls with galvanized steel structures and PVC sheeting.
Roofs: Combination of “Fibre Cement”, Malthoid and PVC roof coverings
External Walls: Fibre Cement Clading, Facebrick, Plastered and painted 6
Internal Walls: Plastered and painted
Floors: Tiled floors, suspended floors and concrete floors
External Paving and Aprons: Reinforced concrete aprons and 40mpa interlocks throughout remaider of ervens
Lighting: Standard
Glazing: Standard wood, aluminum and air block window/door frames with standard glass.
Doors: Roller shutter/Sliding doors (Combination)
State of repair: Average to good state of repair.
6.2 DESIGN AND LAY-OUT
Double Storey Office Building: 503m2 (Actual measurements)
Ground Floor (202m2) – This area comprises of identical office areas located next to one another and accommodates and entrance hall, reception area male/female ablution facilities and a kitchenette.
First Floor (301m2) – The first floor accommodates separate office areas, a board room, store room and open plan office/admin area.
Warehouse A & B: 569m2 (Actual measurements)
Double Volume Workshop/Warehouse areas
Warehouse C: 591m2 (Actual measurements)
Double Volume Workshop/Warehouse area with ablution
Warehouse D (Triple Volume): 900m2 (Actual measurements)
Triple Volume Workshop/Warehouse areas
Workshop/Wash bay: 426m2 (Actual measurements)
Newly constructed double volume area with limited power points
Storage Facility: 1164m2
Newly constructed double volume area with no power points or lighting.
Other Improvements:
These improvements comprises of the following:
- Interlockings and reinforced concrete storage (open storage)
- Parking bays
- Boundary walls
- Camera System (Combination of thermal an motion detection)
- Ramps (Automated palet lifts)
- Open storage
- External Staff Ablution (9m2)
General Impression:
This overall impression of the property is reasonable. All buildings are functional with average quality internal finishes Office areas have split unit air-conditioning and all workshop/warehouse areas have multiple access doors some electronic and some manual.
This area is strategically located in the industrial sector of Walvis Bay and in close proximity to the Syncro-lift. The surrounding area is characterized by similar industrial properties.
The demand for industrial properties in Walvis Bay is stable with similar sustainability for market rentals. This trend should remain so for the foreseeable future and the sustainability of market rentals will depend on supply and demand as is the case with all commodities.
