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PRIME INVESTMENT SALE QUEST FILLING STATION AND INDUSTRIAL COMPLEX , KATHU, NC COMMERCIAL PROPERTY AUCTION IN KURUMAN RD, NORTHERN CAPE AUCTIONED BY WH AUCTIONEERS PROPERTIES

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KURUMAN RD - COMMERCIAL PROPERTY, DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

PRIME INVESTMENT SALE QUEST FILLING STATION & INDUSTRIAL COMPLEX , KATHU, NC

DESCRIPTION:

Prime Investment Sale Quest Filling Station & Industrial Complex , Kathu, Nc

Opening Bid R95 400 000
Closure Date: TBC
Time: TBC

Property Address: -1 Myn Street, Kathu, 8446
Erf & Suburb & City: RE of Ptn 18 [PTN OF PTN 1] Farm 462 SIMS Reg Div: KURUMAN RD NORTHERN CAPE
Deeds Office: 
Deed No.: T93/2018VRY
Size: 1.5136 ha
Municipality:Gamagara

FEATURES:

Description
Prime Investment Sale | Quest Filling Station & Industrial Complex | Kathu, NC
Quest Filling Station & Industrial Complex – Kathu, NC Triple Net Lease with Quest Until December 2034 Current Net Annual Income: R6 455 067 Average Literage: ± 300 000 litres

Land Size:1,51ha

LOCALITY
Kathu is the bustling iron ore capital of the Northern Cape, nestled in the heart of the Kalahari Desert. Known affectionately as "the town under the trees," it sits within one of only two Camel Thorn forests in the world. Originally built in the 1970s for the Sishen mine, it has grown into a highly developed mining, residential, and commercial hub.

DESCRIPTION OF IMPROVEMENTS
The subject property comprises of 1.5136 ha erf which has been improved by an operational Quest branded filling station, convenience store and industrial complex comprising large Mini-Units. The site is located in 1 Myn Street, Kathu, Northern Cape
The property is improved as follows:
  • Petrol Station
  • Large Quest forecourt: 1 x canopies, 4 x fuel islands, 24 pumps with 8 x dispensing bays
  • There is a ULP95 tank, ULP93 tank and Diesel50 Tank
  • Retail convenience ‘Zanray’ shop with kitchen and offices
  • Yard - Customer parking
All the pumps, tanks and forecourt are owned by Quest Fuel

Industrial Complex
Behind the filling station is a newly constructed industrial facility comprising mini-industrial units all of which are occupied. The units consist of:
  • Unit 1 - Remax Kathu (PTY) LTD
  • Unit 2a - Diesel Electric
  • Unit 2b - Kathuhari Paneelkloppers en Algemeneherstelwerk (PTY) LTD
  • Unit 2c - Training Portal Online (PTY) LTD
  • Unit 3 – Takealot (Frieght COM(PTY) LTD)
  • Unit 4 - KGN Wholesaler (PTY) LTD
Access
  • The property has excellent access – there are 2 access and exit points.
Services
  • The site has 3-Phase ESKOM power supplied. There is backup generator as well.
Condition
  • In general, the property is in a decent condition and fit for purposes. The tenant is responsible for all maintenance required.
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