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R11,000,000

1m² Business For Sale in Between Pmb And Ladysmith

Service Station - Freehold Property - Natal Midlands. Ref J.L.R. 85 (Land, Buildings and Business). R 11.0 mil.

This Freehold Service Station (which includes the Land, Buildings and Business) is situated on a busy road in busy town located in the Natal Midlands between Pietermaritzburg and Ladysmith. It has recently been upgraded after been closed for a while due to renovations. The present Fuel Sales (after opening +- 10 months ago) are +-95.000 lpm. and increasing every month. There is a small non Franchised Shop (Sales +- R 220.000 pm.) as well as a vacant shop area that can be leased out to an interested Food Franchisor. There are 10 single room Flats on site that are presently being rented out for R 22.000 pm and there are a further 8 x 2 bedroom Flats (presently incomplete) that can be rented out for a further +- R32.000 pm. once completed at a refurbishing cost of +- R 400.000. The present NETT Profit is +-R 140.000 per month which could be increased by a further + R 32.000 per month once the Flats have been re-furbished. The Present Supply Agreement with the Oil Company expires in 5 x years' time, which will give the New Owner an ideal opportunity to re-negotiate a NEW Supply Agreement with an Oil Company of THEIR Choice and on far better terms and conditions than what are presently been enjoyed. The SELLING PRICE is R 11.0 million. The TOTAL FUNDING REQUIREMENT needed to acquire this Entity is R 11.2 million, of which YOU MUST HAVE at least +- R 5.6 million CASH READILY AVAILABLE and be able to RAISE FINANCE for the BALANCE of +- R 5.6 million. Please note the following: - NO DETAILS, INFORMATION, DOCUMENTATION or SITE LOCATION WILL BE PROVIDED UNLESS YOU MEET THIS FINANCIAL CRITERIA, AS REQUIRED BY THE SELLER, AND MOST FINANCIAL INSTITUTIONS.

Features

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

Downloads

Confidentiality Agreement352.7 KB
 
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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

146,892.90

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