Commercial - Retail on Auction in Weltevreden Valley

Description

ONLINE AUCTION Bidding Start Time: Wednesday 27 August 2025 @ 09:00 Bidding End Time: Thursday 28 August 2025 @ 14:30 Registration is essential by Monday 25 August 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Perfectly positioned corner property with long term established Total Energies petrol station business on busy Hazeldene Road. • Large 2511m² erf with the possibility of a drive through or fast-food outlet • Possible rental opportunities by dividing shop area • Forecourt shop income can be made more profitable • Spacious workshop can be let out or run a tyre & mechanical workshop • Car-wash business can be improved • Total Tanks 4 - 3 Petrol and 1 Diesel tank. • Supply agreement with 3 years left - giving you possibility to re-brand and have a choice of supplier in 3 years • Currently doing average of ±155,000 litres p/m • Was doing well over ±200,000 litres p/m prior to covid • With a little TLC the literage can be increased higher than ±220,000 litres p/m • Property municipal value is at ±R14.5 mil & market value at ±R17mil Property will be sold together with going concern fuel station business - The business sale will be zero vat rated. • Pre-Auction offers excl. Claremart fee will be considered. • NDA to be signed before sensitive or financial information is released. DETAILS: • Erf no: 2659, Weltevreden Valley • Erf size: 2511m² • Zoning: General Business 1 PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.