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COLDSTREAM OFFICE PARK, LITTLE FALLS, ROODEPOORT

AVAILABILITY: October/November 2007


011-463-5455/8
Martin Evans 082-451-2291
The Coldstream Office Development property is zoned Business 1, allowing offices and other uses, with a floor space ratio of 0.6, a two-storey height restriction and parking requirements of 4 bays per 100 m2

Three linked buildings will be developed on the Property, taking advantage of the unparalleled views accross the Magaliesberg. The buildings will enclose a courtyard with 3 separate entrances and staircases, each entrance in itself being a glass architectural statement. Three buildings combined will measure some 3,700 m2 of office space.

The parking has been allocated on the basis of of 5 bays per 100 m2 of office space, with 63 bays provided in the basement, and 114 bays either in the open, or under shadecloth.

The buildings will be modern character, with brickwork, sandstone, steel and glass exteriors. Windows will be large to take advantage of the views as well as to create an open, bright atmosphere, under a high, dark-tiled roof.

Each office entrance will have its own front door off the main lobby of the office block, conveniently situated with regard to visitors and parking access points.

Office suites will range in size from 136 m2 to 300 m2, and each will have its own exclusive toilet and kitchen facilities.

The units are available for ownership on a Sectional Title basis, and can be amalgamated if necessary to provide the size required by the prospective purchaser.Each unit is allocated a minimum number of parking bays as per the schedule.

FINISHES AND INSTALLATION ALLOWANCE
Each unit will come complete with toilets and kitchens, toilet, acoustic ceilings, lay-in flourescent lighting, plastered walls, and electrical plugs and telephone jacks at obvious points.
Installation allowance of R600.00 per m2.

The owner of each unit will be responsible for his own fit-out of the premises utilizing this allowance. It is important to note that beneficial occupation is the date the shell has been finished and handed over to the purchaser, in order for the installation to occur to their own personal requirements. In special cases, the developer will undertake the installation on behalf of the owner, on request.
Alternately, the developer can provide a list of recommended contractors specialising in tenant installations, should this be required. The schedule of finishes is available from the Brydens Group, on request.

CLEARWATER MALL BODY CORPORATE
The Clearwater Mall sectional title scheme will have its own Body Corporate of elected owners (trustees) who will administer the office blocks themselves, including the security, landscaping, maintenance and other issues common to the office park.

DEVELOPMENT TEAM
Architects: Laurence Brown & Associates
Project Manager: Brydens
Quantity Surveyor: Russell Irons & Associates
Electrical Engineer: VBI Projects
Civil Engineers: MacKenzie Cairns & Brown
Landscape Architect: To be advised

INITIAL RETURNS AND RENTALS
Generally the investment will show a return based on the BONDED amount of approximately 11% based on office rentals of R70.00 per m2, patios at R15.00 per m2, basement bays at R380.00 per m2, covered bays at R280.00 per m2, and open bays at R180.00 per m2.
The year return calculated herewith is based on a deposit of 20%.

OPERATING COSTS
Estimated at R16.50 per m2

Assessment ratesR9.00
Other Municipal chargesR0.30
Garden maintenanceR0.75
CleaningR0.50
Insurance0.70
Security (based on 24 hours)R3.20
Administration feesR1.50
Eelectricity & water As consumed
Airconditioning maintenance (owner's responsibility) -
Meter readingR0.15
Audit feeR0.10
Pest ControlR0.05
ContingencyR0.25

SUSPENSIVE CONDITIONS
This offer is subject to the following suspensive conditions:

1. The site development plan being approved by the relevant authorities
2. 50% of the sales being acheived