R30,000,000
Freehold Property with a Service Station building erected on it for R 30.0 million. Ref J.L.R 144.
This is a great opportunity to acquire a Freehold property with a Service Station building erected on it. The property is situated on a busy road in Chatsworth and comes with various options available. The Site pumps +- 180 000 lpm and the Franchised Shop does +- R 300 000.00 pm. There is a Car Wash facility on site as well as a large vacant workshop area. The estimated current monthly Nett Profit of the business is +- R 135 000.00 pm. The present Lease Agreement between the owner of the property and the present Oil Company comes to an end on 30 /11/ 2024. The Oil Company’s tenant is presently operating the business form the premises on site and that lease between the tenant and the present Oil Company also ends on 30 / 11 / 2024. The owner of the property is presently in negotiations with the present Oil Company to renew the lease for another long-term period at a commencing rental amount of +- R 220 000.00 per month but has NOT yet committed himself to any lease. OPTION 1, You can continue negotiations with the present Oil Company to renew the present lease terms. Option 2. You might want to enter into a Supply Agreement with the present Oil Company where YOU can then operate the Service Station yourself. Option 3. You might want to renew the Lease agreement with another Oil Company of your choice. Option 4. You might want to enter a Supply Agreement with another Oil Company and negotiate a new deal altogether with that other Oil Company. The size of the property is 2060 sq. metres. If the buyer intends purchasing the property and taking over the Service Station building to operate a business himself, then the buyer will need to negotiate with the present tenant regarding the purchase of stock +- R 1.9 mil, the equipment on site +- R1.4 mil (which belongs to the tenant) fuel debtors (exceeding their deposits of +- R150 000.00) as well as any other amount that the tenant may request towards the acquisition of his business.
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