Petrol Station for auction in Umzinto

COMMERCIAL PETROL AND SERVICE STATION IN UMZINTO, KZN

Going on Auction: Wednesday 26 March 2025
Reserve Price: R8 000 000.00 (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)  

A well-established commercial petrol station with prime land of 4047m2 up for grabs in Umzinto, KZN. The petrol station has 5 pumps (1 Paraffin, 2 Diesel and 2 Unleaded), that achieves fuel sales of between 50 000 liters to 60 000 liters per month, with storage capacity of 14000-liter petrol, 46000-liter diesel, and 4500-liter paraffin. A verbal agreement with the local taxi association ensures exclusive refueling of all taxis, delivering a total monthly profit of between R100k to R120k after expenses. Also situated on the property is an apartment building consisting of four individual flatlets that is currently being used as staff accommodation, but can be rented out for R6 000.00 per unit for potential rental income of R24 000.00 p/m. No rental income generated from the apartments currently. At the back of the property are two houses, one being completely derelict and not habitable with no roof, currently being used as a refuse dumping site. The second house has 15 bedrooms but is occupied by illegal tenants. NB – the onus is on the purchaser to evict the illegal tenants. The petrol station presents a highly lucrative investment opportunity with room for growth and to add more pumps. The seller is registered for VAT. Financial statements are available to serious buyers.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.