Listing ID : J.L.R 79REQUEST DETAILS
SOLD, Sold by Cyrus Brokers R10,300,000 - Petrol Station Property Incl
Petrol Station for Sale KZN
Freehold Petrol Station For Sale – Verulam / Phoenix. This long established Freehold Service building with a canopy is situated on 1148 sq metres of land on a busy road in the residential area of Verulam / Phoenix. There are presently NO Pumps and Tanks on site. However a well-known Oil Company is willing to re-install their own pumps and tanks on site again and Brand the Service Station in their own colours. Prior to the pumps and tanks been removed by the previous Oil Company the site pumped +- 200.000lpm. There are 10 tenants on site collectively paying rentals to the owner of R 58.500 per month which includes a 3 x bedroomed residence above the Service Station. The Projected Fuel Sales for years 1 = 150.000lpm, 2 = 200.000lpm and 3 = 250.000lpm. The Projected Nett profits for year 1 = R 177.850pm, year 2 = R 280.600pm and year 3 = 401.900pm. The Environmental Impact Assessment report has been approved. The Selling Price is R 10.3 million, and the Total Funding Requirement needed to acquire and establish this Service Station is + – R 13.670 million of which you MUST HAVE at least R 7.0 million CASH READILY AVAILABLE and be able to RAISE FINANCE for the BALANCE of + – R 6.670 million. The Seller has insisted that only CASH BUYERS will be considered. Due to the popularity of this listing, the overwhelming responses and daily avalanche of emails and voice messages thereto, you will be required to complete our Non Disclosure Agreement and to provide us with “proof of finances” from your bank or financial institution for you to be privy to any information financial or otherwise. NO Details, Information or Documentation will be released UNLESS you meet the Requirements.
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.
Commission For Agent-Broker-Consultant-Adviser-Agency In South Africa
The Estate Agency Affairs Board (the EAAB). In accordance with Section 34 A of the Estate Agency Affairs Act 112 of 1976. Section 1(vi) provides that,
“…any person who for the acquisition of gain on his own account or in partnership, in any manner holds himself out as a person who, or directly or indirectly advertises that he, on the instructions of or on behalf of any other person sells……or publicly exhibits for sale…….any business undertaking or negotiates in connection therewith or canvasses or undertakes or offers to canvass a seller or purchaser therefore;…”
This implies that anyone who practices as a business broker-agent-consultant-adviser-agency in South Africa who is not in possession of a valid Fidelity Fund Certificate, disqualify from claiming any commission, consulting fee or referral fee on the relevant dealings if he/she/they do not hold a valid Fidelity Fund Certificate. Nobody is entitled to any commission, consulting fee or referral fee unless he/she/they hold a valid Fidelity Fund Certificate. Failing they are operating fraudulent and illegal.
We urge all business buyers and sellers to substantiate that the business broker-agent-consultant-advisor-agency you’re addressing, is in possession of a valid Fidelity Fund Certificate. Failure, therefore, could prove to be very costly!
If there is any doubt as to whether or not a business broker-agent-consultant-advisor-agency is registered or has been issued with a valid fidelity fund certificate, business buyers and sellers should not hesitate to contact the Estate Agency Affairs Board or your Attorney to confirm and verify the registration status of the business broker-agent-consultant-advisor-agency.
It is very important that business sellers ask for proof of the business broker-agent-consultant-advisor-agency fidelity fund certificate before offering him/her/them with a mandate or any info on a business which may imply a mandate.
All business buyers and sellers will have to properly account to SARS for any fees; and provide SARS with proof that the business broker-agent-consultant-adviser-agency they paid the commission, consulting fee or referral fee too, had a valid Fidelity Fund Certificate. Once more failure to do so could prove to be very costly!
If unsure please feel free to speak to your attorney or visit the Estate Agency Affairs Board website for more details. https://www.eaab.org.za/