Details

Investment Summary

• Currently let to Sasol
• Gross Lettable Area [4,240m²]
• Purchase Price R37,900,000
• Initial Lease Term 15 Years [July 2022]
• Net Annual Income R 2,933,855.60 [July 2023 – June 2024]

Location

Sasol petrol filling station has ideal frontage on one of Hamamrsdale's most important roads, Mthoko Mkhize Dr, with high visibility on the road.

Building Description

The property comprises of a filling station complete with a well finished Sasol convenience store.

Erf Description

Lease 3 on the Remainder of Portion 7 of the Farm Hammarsdale No. 6981, Registration Division FT, Province of Kwa-Zulu-Natal in extent of 6,909m² (Six thousand nine hundred and nine) square meters, held by Deed of Transfer T331/1968 as shown on lease diagram (SG No. 768/2011), and, Lease 4 on Portion 18(of 16) of the Farm Hammarsdale No. 6981, Registration Division FT, Province of Kwa-Zulu-Natal in extent of 1,2702 (one comma two seven zero two) hectares, held by Deed of Transfer T629/1971 as shown on lease diagram (SG No. 769/2011).

 Landowner

Ingonyama Trust

Leased Land

MPOF Hammarsdale (Pty), “ERIS” owns the leasehold right over the portion of land described in the Erf Description above.

Lettable Area

4,240m² of GLA

Occupancy Profile

Sasol Petrol Filling Station

Net Annual Income

R2,933,855.60 (July 2023 – June 2024)