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POA

Commercial Property On Auction in Cosmo City

17 Central African Republic Avenue, Cosmo City, Roodepoort

278 m²

AUCTION

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Leasehold Engen Filing Station (Property Lease and Business) - On Auction 16 October

On Auction 16 October - Leasehold Engen Filling Station (Property Lease and Business)

A rare opportunity in the heart of Cosmo City, Roodepoort, Johannesburg.

Strategically positioned on the corner of S Africa Drive and Central African Republic Avenue in Cosmo City. The filling station site forms part of Cosmo City Shopping Centre and has been ring fenced under a long-term land lease agreement.

The leasehold property as well as the business operation for the filling station is being sold on auction.

The site pumps volumes around 400,000L per month on average and enjoys a successful business operation.

There is currently an initial period of 25years for the land lease over the property as well as 2 x 5year renewal options.

The Oil Co provides a long-term triple net lease with an initial period of 10 years with 2 x 5year renewal options.

With its prime...