Brand New vacant Service Station premises to lease from the Owner for 10 years with Options to renew
Brand New vacant Service Station premises to lease from the Owner for 10 years with Options to renew. This brand New Service Station Building is situated on the upper South Coast area between Illovo and Isipingo. It is available to Lease from the Owner for 10 years with Options to renew the Lease. The Premises are presently vacant until the Owner appoints a Tenant. An Oil Company has already signed a Supply Agreement with the Owner to Brand the site and supply fuel to the site. In terms of the Supply Agreement the Tenant is obliged to install the Tanks, Canopy as well as equip out the shop etc. at a Total estimated cost of +- R 4.6 million (which includes stock. working capital etc.) Once the Tenant has provided and installed all the equipment (as required by the Oil Company,) then the Oil Company will move on site and fully Brand the site in their colours. The Projected Fuel Sales are year 1 = 120.000lpm, year 2 = 160.000lpm and year 3 = 200.000 lpm. The Shop Sales are year 1 = R200.000pm, year 2 = R 300.000pm and year 3 = R 450.000pm. The Projected Nett Profits are year 1 = R 67.000pm, year 2 = R 173.000pm and year 3 = R 290.000pm. All licences, approvals and consents have been granted, including the Environmental Impact Assessment, as well as the Site and Retail trading Licences. Please note the following:- NO details, information or documentation will be provided unless you can provide Us and the Owner with documentary proof that you have at least R 5.0 million CASH readily available to acquire this entity. Furthermore the Owner would prefer a Tenant who has Service Station and / or General Shop Experience.