Listing ID: NW105
Sold by Cyrus Brokers - Property Included
Sold by Cyrus Brokers. Petrol Station for Sale North West – Auction – Thursday, 27 February 2020 @ 14h00, Newly Built Fuel Station, Truck Stop / Convenience Store / Ok Minimarket, Liquor Store & Pharmacy, Including Property. The size of the site is 27Ha of which 6Ha is Zoned for Business 1. There are no notarial leases and servitudes in place over the property in favor of the oil company. This petrol station and commercial hub stands out as the largest in a wide geographical area of at least ±100km, and the expansion and development potential is unlimited. The current Business 1 zoned part of the site has sufficient area to add branded outlets, for example KCF, McDonalds, Steers, Debonairs, etc. Projected Fuel Sales ± 300 000ℓ p/m, Projected Convenience Store Sales ± R 350 000.00 p/m, Projected OK Foods Supermarket Sales ± R 2,2 Mil p/m, Projected Liquor Store Sales ± R 700 000.00 p/m. The truck stop and the OK Pharmacy will bring in additional income over and above the projections contained herein. The growth potential across all the business area’s is enormous. Available on Request: Copy of Site License, Copy of Liquor License, Copy of Retail License.
Terms & Conditions
Bidders need to FICA when registering to bid with Copy of ID and Proof of Residence.
5% Deposit payable on the fall of the hammer.
10% Commission, + VAT on Commission, payable on the fall of the hammer.
45 Days for Guarantees.
7 Days Confirmation Period.
R 100 000 Refundable Registration Fee.
These requirements will form the basis of moving any agreement that may be forthcoming forward and may there be further requirements laid down prior to an interview being granted. Due to the popularity of this Petrol Station for Sale North West, the overwhelming responses and daily avalanche of emails and voice messages thereto, you will be required to complete our Non-Disclosure Agreement.
Interested in this Business
NO information financial or otherwise on any of our listings will be made available to prospective buyers unless they fully comply with the following;
- Cyrus Business & Property Brokers mandated with the sale of this opportunity was specifically requested by the Seller not to divulge any information pertaining to what is being sold under this listing prior to obtaining proof of funds from your financial institution (bank), auditor or lawyer;
- Due to the popularity of this listing, the overwhelming responses and daily avalanche of emails and voice messages thereto, you will be required to register as a buyer, complete our Non-Disclosure Agreement and provide us with “proof of funds” from your bank or financial institution for you to be privy to any information financial or otherwise;
- Upon receipt of your Non-Disclosure Agreement and proof of funds, you must be prepared to visit us, we want to meet you in person, where after all information will be conveyed without delay.
Confidentiality Information and Viewing
The Seller/Owner desires to maintain the confidentiality of information financial or otherwise of their business and does not want their competitors, employees, suppliers, customers, and others to know they are selling their business. It is thus extremely important that the business is protected from this at all times and can only be viewed by appointment through Cyrus Business & Property Brokers.
All information has been provided by the seller and needs to be re-verified by the seller. Cyrus Business & Property Broker makes no representation to its accuracy and does not certify or make any warranties of any of the information provided and have not verified any information. It is strongly advised that you and/or your accountant review all information and do your due diligence before the closing. Information is subject to change without notice.
A property practitioner is not entitled to a commission unless he/she is registered and possesses a valid FFC
The following juristic and natural persons are defined by section 1 of the Act as property practitioners, Agents, Business Brokers, Consultants, Advisers, Agency, Accountants, Attorneys, Auctioneers, Bridging Financer, Bond Brokers, Developers, Homeowners Associations, Managing Agents, and Time Shares, (note, without limiting to same).
The Property Practitioners Act came into effect on the 1st of February 2022. Sections 47 and 48 of the Act compel property practitioners including its Directors, Members or Trustees, and all employees who act as property practitioners to obtain and hold a valid Fidelity Fund Certificate (FFC) which must be applied for from the PPRA.
Section 48 of the Act effectively bars a property practitioner from rendering services as a property practitioner if he/she does not possess a valid FFC and Section 56 dictates that a property practitioner is not entitled to commission unless he/she is registered and possesses a valid FFC.
Furthermore, Section 48(4) stipulates that a property practitioner who receives a commission in the absence of the certificate as mentioned above will be required to pay back the commission immediately upon receipt of a written request. Conveyancers are prohibited from paying commissions or monies unless a property practitioner produces a certified copy of their FFC.
The consequence of operating without a fidelity fund certificate is that a property practitioner can be found guilty of an offense in terms of section 48(5) of the Act. If there is any doubt as to whether or not juristic and natural persons are defined by section 1 of the Act as property practitioners have a valid fidelity fund certificate, do not hesitate to contact the Property Practitioners Regulatory Authority (https://theppra.org.za/) or your Attorney to confirm and verify the registration status.