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R10,300,000

1m² Service Station For Sale in Phoenix

Freehold Service Station Premises (Land and Buildings, Phoenix/ Verulam area Price R 10.3 million).
This site is situated in a residential area on a busy road. Prior to the Pumps and Tanks been removed some time ago, the site pumped 200.000lpm when it was leased out to a Tenant. Since then the Owner has been utilising the forecourt area for other types of business. However the Owner has now decided to dispose of the entire premises which has 10 x Tenants, on a month to month tenancy basis collectively paying rentals of +- R 58.000 pm. A Major Oil Company is now willing to assist a New Buyer to completely demolish the existing premises. They will supply and install all their own Pumps and Tanks Computers, Security Cameras etc, etc, entirely at their own cost and are prepared to assist the new owner with an interest free loan of R 8.0 million towards the total costs of R 16.0 million to erect a New Service Station facility on the site. The Oil company's estimation is that the site will pump, year 1 = +- 170.000lpm, year 2 = +- 230.000lpm year 3 = +- 300.000lpm. The Environmental Impact Assessment (E.I.A.) has been approved. The Selling Price is R 10.3 million. The Total Funding requirement needed to acquire this site is +- R 13.670mil. Made up mainly for Fuel and Shop Stock, Working Capital, Cost to equip out the present shop area with shelving, Site and Retail Licence applications etc. PLEASE NOTE THE FOLLOWING:- You MUST have at LEAST R 8.0 million CASH on HAND readily available, and be able to RAISE FINANCE for the BALANCE of R 5.670.mil, (if you are borrowing any funds) NO DETAILS, INFORMATION, SITE LOCATION or DOCUMENTATION WILL BE PROVIDED unless you MEET THIS FINANCIAL CRITERIA as required by the Seller and MOST

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1m²

Downloads

Confidentiality Agreement611.9 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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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

137,545.17

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