1m² Service Station For Sale in Phoenix

R10,300,000

Web Ref No JLR. 79
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. The projected Fuel Sales are year 1 = +- 150.000lpm, year 2 = +- 200.000lpm year 3 = +- 250.000lpm. The AVERAGE projected Fuel Sales for the 3 x year trading period is +- 200.000 lpm. The anticipated Nett Profits are year 1 = +- R 175.000 pm, Year 2 x = +- R 280.600 pm and year 3 = +- R 400.000 pm. The Average projected Nett Profits over the three year period is +- R 255.000 pm. The Environmental Impact Assessment ( E.I.A. ) has been approved. The Site and Retail Licences still have to be applied for. The Selling Price is R 10.3 million. The Total Funding requirement needed to acquire this site is +- R 13.970mil. 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 7.0 million CASH on HAND readily available, and be able to RAISE FINANCE for the BALANCE of R 6.970.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 Financial Institutions.

Features

Zoning Commercial
Floor Size 1m²

Broker Contact Details

John Randall
Acutts Service Stations

Cell 0837774050
Office (031) 266 0555

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