Prime Business in Kathu NC for Sale.. Exciting business opportunity in one of the economically fastest-growing towns in South Africa. Brilliantly located in the heart and centre of more than 30 ore mines, an extraordinary opportunity arises to own an exceptional, lucrative, and very well-established business. Part of this business is joining in the share of extremely profitable petroleum products from an overperforming filling station, and the other part is a well-established rental book for industrial buildings.
Rental Book:
Forecourt & Retail Shop Lease: 10 Year Lease (commenced Dec 2019 6 years remaining)
Fuel Supply Agreement: 5 + 10 Year Agreement (first term ended 2024 10 years remaining ends 2034)
Unit 1: 5 + 5 Year Lease Agreement (commenced Aug 2022 9 years remaining)
Unit 2A: 5 + 5 Year Lease Agreement (commenced June 2022 9 years remaining)
Unit 2B: 1 Year Lease Agreement (8 months remaining)
Unit 2C: N/A (currently vacant rental @ R120.00/m2 x 374m2)
Unit 3: 5 + 2 Year Lease Agreement (commenced 2023 7 years remaining)
Unit 4: 1 + 1 Year Lease Agreement (commenced 2023 2 years remaining)
If you are a dynamic and hands-on entrepreneur taking the reins of this thriving and continually growing business or someone who wants to invest in the future, this opportunity is for you!
Currently the yearly income well exceeds 6m. Kickback on litres in the petroleum industry, yearly rental escalation and with one industrial space currently vacant, this income can grow to just under 8m pa within the next 2 years.
Important notice: The businesses of the current tenants are not in the market.
Serious buyers with preapproval or finances in place can call for information and a visit.
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