Multi-Asset Class Portfolio | Kiskereskedelem | Pályázati kiírás
The property is situated on Market Street, adjacent to Checkers Virginia, a 6,300 m² shopping centre with anchor tenants Checkers and Clicks. Virginia Way, a major thoroughfare into central Virginia is 200 metres along Market Street and the R730, providing direct access to Welkom is a further 3 kilometres away. The site is part of the commercial and industrial central Virginia which is surrounded residential neighbourhoods.
Ingress and egress to and from the property is provided from Market Street.
The property comprises a 2,069 m² site set up as a petrol station with a convenience store, ancillary amenities, and forecourt. It has been refurbished to the tenants’ specifications providing a retail BP shop, storage, and filling station workspace. The property has a generator but there is an opportunity for solar installation as an alternative.
|Tenant||GLA (m2)||Rate (R/m2)||Starts||Expires||Esc %|
Tenant: BP South Africa (Pty) Limited (Registration No. 1924/02602/07)
BP is a British multinational oil and gas company headquartered in London, United Kingdom. It is one of the world's largest companies measured by revenues and profits and is considered an oil and gas "supermajor" operating in 80 countries worldwide.
|Net Income Forecast (1 Sep 23 – 31 Aug 24)||TOTAL|
|Rental||R 2 104 551|
|Recoveries (Operating Costs)||R 28 258|
|Gross Income||R 2 132 808|
|Operating Expenses||R 51 331|
|Forecast Net Operating Income||R 2 081 477|
|Registered Owner||Africom Networks (PTY) LTD|
|Legal Description||ERF 1320, 1321 and 1322, Virginia Township, District of Ventersburg, Province of Free State|
|Land Area||Erf 1320 measuring 669 m²|
|Land Area||Erf 1321 measuring 731 m²|
|Land Area||Erf 1322 measuring 669 m²|
|Total Land Area||2,069 m²|
|Title Deed No||T9197/2020|
|Municipal Authority||Matjhabeng Local Municipality|
The seller is registered for VAT (Value Added Tax). All offers will be exclusive of VAT at a rate of 0%.
The property is offered for Sale by way of a direct sale of title.
Upon registration and signing the NDA, you will be provided with access to the Stage 1 Due Diligence data room, which will provide you with a full tenant schedule, a 12-month Income and Expense Forecast, a Letter of Intent template (“LOI”) and a full Sale Process Letter including instructions about making a binding LOI.
Interested parties are invited to provide submissions for the property in the form of an LOI due by the deadline date displayed. Submissions should include at a minimum, the information and terms outlined below and the completed LOI provided in the Stage 1 Due Diligence Data Room.
Interested parties are invited to provide their offers to:
Fabio Nava at email@example.com
Henry Playne at firstname.lastname@example.org
BY NO LATER THAN 12H00, THURSDAY 18TH MAY 2023.
All communications regarding the Sale Process and/or the Property should be directed to the Seller’s exclusive Advisors:
+27 82 585 2498
+27 72 763 4090