KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

Noordhoek – Sasol Service Station with 15 year lease

ClareMart Auction Group takes to market a rare commercial investment property, occupied by a new service station with convenience store, at the next multiple auction in August.

Located in the heart of Noordhoek in the Deep South, this Sasol Service Station is on a triple nett lease for 15 years, with the option to renew for another 15 years. Sasol also pays all costs associated with ownership of the land.  The expected nett income for November 2018 to October 2019 stands at R2 010 600 incl. VAT.

The residential population is on the increase, and is complemented by an expansion of industry and businesses in the area. This service station therefore benefits from significant vehicular traffic both from private and commercial vehicles on a busy thoroughfare, as well as the minibus taxi operators. Despite rising fuel costs, service stations with convenience stores, still continue to see increased traffic and consumer spend at both outlets.

“This is a business opportunity second to none, with secure income generating potential that will see this investment grow exponentially. With a long-term lease in place, this property is bound to attract the interest of serious commercial investors, and we anticipate fiercely competitive bids when it goes under the hammer” said Mike Baigel, ClareMart Group Auction Executive.

This property, with a total erf size of 4 269m², is zoned General Business 1 and can be viewed at leisure, at 2 Lekkerwater Road, Sunnydale, Noordhoek.

Don’t miss the opportunity to bid for this prime commercial property at ClareMart’s next multiple auction to be held at the One&Only Hotel at the V&A Waterfront, on Tuesday 28 August at 12h30.  A 5% deposit & 10% auctioneer’s fee (excl. VAT on fee) is payable on the fall of the hammer by means of EFT, while the balance is payable on transfer. For more information, contact Farrell Perling on 072 040 7274, farrell@claremart.co.za or 021 425 8822 and visit www.claremart.co.za