A newly-developed service station - with Sasol as the tenant - in Sunnydale, Fish Hoek, is being bought to auction.
This newly-developed service station in Sunnydale, Fish Hoek, will be auctioned via silent tender on 28 June 2017 at 12h00. Price is available on application - click here to view.This is according to Tanya Jovanovski, franchisee of Rawson Auctions Western Cape, who says those looking for a great and rare long-term investment opportunity needn’t look any further.
“The petrol station can be found at 90 Lekkerwater Road in Sunnydale, and sits on an erf of 4 269sqm,” says Jovanovski.
She says the owner has undertaken all the hard work and costs in setting up the station, and Sasol has already signed an effective 30-year triple-net lease.
According to Jovanovski, year one of operations is estimated to have a net annual income of R1.56 million.
The auction will be silent by tender, comprising written offers in a sealed envelope, with tenders closing on 28 June 2017 at 12h00.
“The reserve price is available on application, however, all offers will be reviewed, so please don’t hesitate to bid,” says Jovanovski.
“The seller is registered for VAT, and as such, a transfer duty will not be payable.”
In following with the terms of Rawson Auctions, Jovanovski says there is no registration fee to bid. However, 5% of the purchase price as deposit, as well as 10% commission plus VAT over and above the purchase price is to be paid to Rawson Auctions by the buyer on acceptance of the seller.
Bidders are required to be registered and must have certified copies of their identity documents and proof of residence with them.
To view the property,click here.
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