Established Engen Fuel Station — Sale of Business & Property, Korsten
A rare chance to buy a fully operational, purpose-built fuel station on one of Korsten's busiest routes — land, buildings, and business, sold together.
The Opportunity
This is a combined sale of business and property: a working Engen-branded service station on 1,863m² of Industrial 2-zoned land, with a newly negotiated lease in place and steady trading income already flowing. Kempston Road carries heavy daily traffic through the suburb, with direct links to Cape Road and the N2 highway, putting the site in front of a constant stream of passing motorists and nearby industrial and commercial businesses.
Why This Property Works
• Prime position on Kempston Road, a main east-west route through Korsten with strong, consistent foot and vehicle traffic
• Newly negotiated cross lease with Engen Petroleum Limited
• Close to the N2, extending its reach well beyond the immediate suburb
• Combined erven of 1,863m² (Erf 1951, 1952 & 1953), zoned Industrial 2
• Site includes a retail building, canopied forecourt, convenience store, bakery, and full back-of-house infrastructure
• Bankable Asset with current headlease expiring in December 2030
What's Included
• 1 retail building with convenience store, kiosk, back office, public toilets, and staff amenities
• 1 canopied forecourt across 5 pump islands, 17 pumps in total, including a dedicated truck diesel island
• 3 underground tanks: two 23kl ULP tanks and one 23kl diesel tank
• Back-up generator
• Roughly 40 CCTV cameras and a full surveillance system
• Bakery and restaurant equipment, walk-in fridge and freezer
• Storeroom and staff change rooms
The sale excludes stock on hand and any assets registered to Engen; only assets on the seller's own asset register are included.
Trading Performance
• Average fuel volume: 150k litres/month (over past 7 months)
• Average shop turnover: R340k /month (over past 7 months)
• Shop gross margin: 30%
• Shop gross profit: R100k/month
Running Costs
• Municipal rates: ±R8,411/month
• Refuse: ±R1,190/month
• Water: ±R1,357/month (Nelson Mandela Bay Municipality; excludes consumption charges and city levies)
Location
Set back off Kempston Road in Korsten's established industrial and commercial node with easy access to Cape Road and the N2. Korsten is well connected to the rest of Gqeberha, making the site convenient for both local trade and through-traffic.
Sale Structure
The transaction is subject to Engen Petroleum Limited approving the sale, and Engen holds a 30-day pre-emptive right to purchase the property. The purchaser will be granted a retail licence to operate the business under the Petroleum Products Act. Copies of the title deed, Notarial Deed of Servitude, Notarial Deed of Lease, and Retail Dealer Agreement are available on request.
