SOLD

The property is situated on a main arterial route in Dunottar, which is located between Springs and Nigel.The property positioned  on a corner stand, providing high exposure to the site.

Dunottar itself is a dense residential area with one main road running through it.

The property is extremely well kept and in immaculate condition and houses 8 solid tenants including a well kept filling station.

 Filling station:

• GTE Service Station is a privately owned filling station with no contracts or agreements with any oil company.
• Literage : -+200,000l p.m
• Filling station consists of office space, forecourt, store room and generator back-up.
• Fuel Supplier - Royal Parafin Distributors.
• Profit margins much higher- private ownership
• Total net income on filling station operation (incl convenience store)= 111,976p.m

Property rentals

There are 8 tenants in total. All have leases in place and most have been renting for a minumum of 3 years.

• gross rental income p.m : R62,468 ( security to value of R2900 incl)
• expenses: R5,121 p.m

The following documentation is available:

1. Management accounts
2. Literage readings
3. Lease agreements