This property comprises of a white site and commercial retail center with various outlets, and an adjoining portion with a residence.
The site, which spans over a road, has enormous potential to expand and re-develop into a dual entry Truck Stop with accommodation. The fuel station services a wide geographical area and can better utilize the high volumes of passing traffic from the major intersection.
Due to the geographical location of the site, a Fuel Depo (Gas and Oil) to service the Northern Kwa-Zulu Natal area is ideal.
The retail center is an area where expansion is feasible.
There are no servitudes notarized on either of the 2 portions.
The Fuel Station & Retail Centre – Portion 3
There is currently no existing supplier agreement in place, giving the purchaser the freedom to enter into an agreement with a supplier of choice.
All the tanks are underground, of which there are 5 (4 on Portion 3, 1 on portion 17):
3 x 14 000ℓ
1 x 9 000ℓ
1 x 4 500ℓ LPG
The canopy belongs to the seller, but not the tank and pumps.
The Fuel station pumps approximately 110 000ℓ per months of which:
30% Diesel (1.68)
70% Petrol (1.94)
Average RAZ of 1.72.
Kiosk / Tuck Shop - Portion 3
The tuck shop sells general supplies. The turnover is approximately R420 000.00pm with a profit margin of 19%.
Maize / Mielimeel sales of approximately R280 000.00pm with a profit margin of 12%.
Liquor Store – Portion 3
The turnover is approximately R490 000.00pm of which the profit margin is approximately 13% + an additional rebate from SAB of approximately R7 000.00pm.
Builders Supply Outlet – Portion 3
There is a 2.3 kWa Generator on portion 3.
Residence – Portion 17
The residence on this property consists of a 4 Bedroom home with 3 Bathrooms (main-en-suite), Kitchen, 3 Living Rooms, Staff Quarters, Stoep and Braai Area.
In addition, there is a 2 Bedroom Flat, with Living Room, Bathroom and Kitchen.
There is a 1.5 kWa Generator on portion 17 and 1 underground tank is on this site.
The site has water residential use water rights from the Blood River.
This property consists of 2 portions which will be offered collectively and / or individually.