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R10,000,000

1m² Service Station For Sale in Phoenix

This Freehold Service Station is situated on a busy road in a residential area, The Pumps and tanks were removed some time ago by the previous Oil Company. However another major Oil Company is now willing to install their own New Pumps and Tanks and Brand the site in their own colours at their cost. Prior to its closure this site pumped +- 200 000 lpm. It ia anticipated that once the New Pumps and Tanks have been installed, and the Shop area is revamped, the projected sales are Year 1 = 150 000 lpm, year 2 = 200 000 lpm and year 3 = 250 000 lpm. There are 11 tenants presently paying Rentals of R 51 500 pm. The Projected NET Profits for the next 3 years are year 1 = R 170 850, year 2 = R 271 600 and year 3 = R 391 900. The Selling Price is R 10.0 million. The Total Funding requirement needed to acquire this Service Station is R13.0 million of which you MUST HAVE AT LEAST R7.0 million CASH ON HAND and be able to RAISE FINANCE for the balance of R6.0 million.
PLEASE NOTE:
No details, information, financials or documentation will be provided and we will not respond to your enquiry UNLESS:- 1. You FULLY complete and return our standard Confidentiality Agreement.
2. You MEET the financial criteria as indicated above.

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Zoning:
Commercial
Sizes
Floor Size
1m²

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Confidentiality Agreement179.0 KB

Phoenix, Phoenix

Phoenix is situated northwest of central Durban, KZN. It was established as a township in 1976. It is associated with the Phoenix Settlement, built by Mahatma Gandhi. Today Phoenix is the largest “Indian” town in South Africa. Residential areas surrounding Phoenix are Verulam, Ottawa, Mount Edgecombe, Broadlands, Avoca Hills, Effingham etc. All are close to strategic business, commercial and...
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