Filling station and gas depot in Springs to fall under the auctioneer’s gavel

Posted On Tuesday, 05 July 2011 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

A filling station and gas depot in Geduld, Springs, will be brought to auction by Auction Alliance during its upcoming Commercial Multiple auction to be held on July 26.

Property-Housing-ResidentialGeduld Extension is situated on the western periphery of Springs on the East Rand. The suburb consists of a small light industrial and business node, with direct access onto the N12 Highway. 

The property is prominently situated just off Paul Kruger Street, which is the direct link onto the N12 Witbank/Johannesburg.

The property has a land size of 2086m². The sale includes the operational Engen Filling station, as well as the Gas Depot. The business pumps around 105,000 litres and approximately 30,000kg’s of Gas, with the convenience store also having a healthy turnover.

Comments Warren Aronson of Auction Alliance, “this acquisition is a great opportunity for the owner occupier or investor, to acquire a solid property, with a highly profitable business”.

Last modified on Wednesday, 11 June 2014 13:14

Most Popular

Residential sectional title sales again on the rise

May 27, 2021
Andrew_Golding_Golding_PropertyGroup
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Ongoing property market uncertainty makes the right finance partner key to extracting value

May 26, 2021
Claire Denny
Results from the listed property sector in 2020 showed property values reducing by an…

Pick n Pay and Fortress co-invest in a super distribution centre development

May 26, 2021
Fortress_Pick_n_Pay
Fortress REIT announced that their biggest logistics development to date was signed with…

Exemplar REITail declares final dividend of 49.07 cps and announces 100% distribution

May 25, 2021
Mall of Thembisa
Rural and township retail specialists, Exemplar REITail, have declared a final dividend…

East Rand Mall will soon deliver the first phase of its major taxi rank upgrade

May 26, 2021
Phase 1 upgrade to the taxi rank at EastRand Mall
The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg,…

Please publish modules in offcanvas position.