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Auction Date: 23/10/2019     Start: 11:00     Commercial Property

Durban, KwaZulu Natal - Executor & Power of Attorney Instructions

Durban, KwaZulu Natal - Executor & Power of Attorney Instructions Durban, KwaZulu Natal - Executor & Power of Attorney Instructions

Durban, KwaZulu Natal - Executor & Power of Attorney Instructions

PETROL FILLING STATION
31 LORNE STREET, ESTCOURT

The subject Petrol Filling Station is centrally located within Estcourt, right next to the R103, in close proximity to Caltex Service Stations, Estcourt Police Station, Estcourt Secondary School, Hillside Shopping Centre, and other local amenities.

The service station has been operating for more than 40 years comprising:

Ground Floor – Canopy (4 x 23 000 Lt. Under-ground tanks):

2 x Islands with 2 Pumps
2 x Islands with single pump
2 x Canvas awnings, facilitation a Car Wash

Ground Floor Retail Outlet comprising:

Retail module
Kitchen
Storeroom
Toilets

1st Floor:

1 x 2 Bedroom Residential Unit with Bathroom, Kitchen, Lounge
1 Large Residential Unit comprising:
2 x Kitchens
2 x Bathrooms
2 x Lounges

3 x Bedrooms (designed to be sub-divided into 2 units)
Carport

Supply & Operating Agreement:
Agreement:
Commencement Date: 1st April 2015 – Initial Period of 10 Years
Expiring Date: 31st March 2025
30 Days’ Notice to Terminate Agreement
Minimum Delivery – 32 000 Lt.

The Supply & Operating Agreement is personal to the Operator & the Operator shall not without the Company’s prior written consent assign, cede or delegate any of the operator’s duties.
Submission of a fully completed retailer application in the Company’s then-current form and all Financial Statements and other Documentation designated in such application. All Documents must be certified with the Company’s Decision.
In terms of Clause 9.2 – Company’s Right of first refusal over Filling Station Business and Premises.

Erf Size: 1578 m²

Auctioneer Details

Ian Wyles Logo
Ian Wyles
The Durban Country Club, 101 Isaiah Ntshangase Road, Durban

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