by In2assets  |   January 16, 2024

High Volume Service Station

In2assets will be auctioning a retail-owned and operated high-volume service station in Phoenix Industrial Park on February 15 at 11h00.

The property at 9-11 Industrial Park Road is in a thriving and sought-after economic zone, known for its industrial and commercial activity.

The industrial park hosts a variety of businesses and is in close proximity to major roads such as the N2, R102, and M25, which positions the property as a transportation, logistics and industrial hub. 

The area is also close to amenities, including shopping centres and medical facilities. This service station is well-positioned and clearly visible to motorists travelling on Industrial Park Drive. Nestled in a high-traffic area, this state-of-the-art Shell Service Station is a great investment opportunity with a monthly fuel volume of approximately 700 000 litres.
In a unique retail ownership and operation structure, this establishment is a strategic venture where the owners are intimately connected with the day-to-day operations. This creates a dynamic environment with better returns.

The service station has a large forecourt measuring approximately 270m² under canopy, which houses four double-sided pump stations, offering a range of fuel options. Each side features three outlets ie. Dx, VPD and ULP which equates to 24 outlets in total. There is also a designated pump for the exclusive use of trucks. Every pump station has its own air pressure pump for vehicles.
The following tanks are currently underground:
• 2 x 23 000 litres dx – Diesel Extra
• 1 x 30 000 litres VPD – V Power Diesel
• 1 x 46 000 litres ULP - Petrol

In addition to the service station, the property houses a double-storey block with a gross building area of approximately 820m² per floor, accommodating various tenants.
The ground floor consists of a large Spar Express complete with a cake shop/food stall. Adjacent to the Spar is a Spar pharmacy and three ATMs. 
On the first floor there are eight shops with one currently vacant. 
The vacant shop comprises a large open space with a kitchenette and ablution facilities whilst shops two and three are tenanted by an individual tenant that has made an internal opening linking the two shops and deals with car spares. 
Shop four is tenanted by a dentist with a reception area, private office, surgeon's room, kitchenette and ablutions. 
Shops five and six have one tenant with an internal link and consists of an open-plan office, private office, training/classrooms, kitchenette and ablutions. 
Shop seven is tenanted by a fully-equipped beauty spa and shop eight is also tenanted and used as a medical centre.
The auction will take place at The Mount Edgecombe Country Club. 

Viewing is by appointment only. For more information, please contact Luke Hearn on 071 351 8138 or 031 574 7600 or email