R81,500,000
R81,500,000
Commercial Property for sale - Kathu
Web Ref.
CLS2852
COMMERCIAL PROPERTY WITH GOOD RETURN ON INVESTMENT
This is an exciting opportunity to invest in a profitable and very well-established filling station, that is located near the Sishen Iron ore mine in Kathu in the Northern Cape.
Currently the income on the property is approximately R6m per year and with escalations it can grow fast. The property comprises a filling station, a retail shop and warehouse building with long-term lease agreements.
LEASES:
Forecourt & Retail Shop Lease: 10 Year Lease - 2029 (6 Years remaining)
Fuel Supply Agreement: 5 + 10 Year Agreement - ends 2034 (11 years remaining)
Unit 1 - 5 + 5 Year Lease Agreement - ends 2032 (9 years remaining)
Unit 2A - 5 + 5 Year Lease Agreement – ends 2032 (9 years remaining)
Unit 2B - 1 Year Lease Agreement (8 months remaining)
Unit 2C - Vacant (rental price @ R120.00/m2 x 374m2)
Unit 3 - 5 + 2 Year Lease Agreement – ends 2030 (7 years remaining)
Unit 4 - 1 + 1 Year Lease Agreement – ends 2025 (2 years remaining)
Land size – 1,9675ha
Buildings size – 2616m²
This is an exciting opportunity to invest in a profitable and very well-established filling station, that is located near the Sishen Iron ore mine in Kathu in the Northern Cape.
Currently the income on the property is approximately R6m per year and with escalations it can grow fast. The property comprises a filling station, a retail shop and warehouse building with long-term lease agreements.
LEASES:
Forecourt & Retail Shop Lease: 10 Year Lease - 2029 (6 Years remaining)
Fuel Supply Agreement: 5 + 10 Year Agreement - ends 2034 (11 years remaining)
Unit 1 - 5 + 5 Year Lease Agreement - ends 2032 (9 years remaining)
Unit 2A - 5 + 5 Year Lease Agreement – ends 2032 (9 years remaining)
Unit 2B - 1 Year Lease Agreement (8 months remaining)
Unit 2C - Vacant (rental price @ R120.00/m2 x 374m2)
Unit 3 - 5 + 2 Year Lease Agreement – ends 2030 (7 years remaining)
Unit 4 - 1 + 1 Year Lease Agreement – ends 2025 (2 years remaining)
Land size – 1,9675ha
Buildings size – 2616m²
Features
Zoning
Sizes
Kathu, Kathu
Located in the Kalahari region of the Northern Cape Province of South Africa, the picturesque little town of Kathu owes its existence to one of the largest open-cast iron ore mining operations in the world. The name Kathu means "town under the trees", which is derived from the Camel Thorn forest Kathu is situated in. The Camel Thorn forest is one of only two in the world with the other being between Mariental and Rehoboth in Namibia. Its uniqueness was recognized in the early 1920s when it was declared a State Forest. In 1995 it was registered as a Natural Heritage Site. The phrase "the town under the trees" was coined by an engineer working in the town in the early 1990 as part of a tourist marketing drive. It was intended to be...
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Total Amount Repayable
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Monthly Repayment
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