Thu, 22 October 2026 at 11:00

Established Fuel Station on Strategic Land — A Rare Dual Asset Investment

349 Kempston Road, Korsten, Gqeberha (Port Elizabeth), Eastern Cape, Gqeberha, Gqeberha (Port Elizabeth), Eastern Cape

Est. opening bidEst. for members

Market price · profitMembers only

Extent: ± 1 863 m² | GBA: ± 373 m² | Sale of Business & Property | Zoning: Industrial Zone 2 | Newly negotiated Cross Lease with Engen Petroleum Limited (to be implemented) 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.See this lot on In2Assets — photos, legal pack and registration →

The property

Type: Commercial
Extent: 1 863 m²

The sale

Auction house: In2Assets
Format: Live auction
Venue: Mount Edgecombe Country Club

Market price & sales history

What is it worth?Members see the similar-size properties for sale in Gqeberha, the market price they give this one, the profit at the est. opening bid, and the area’s Deeds Office sales by year.

Lot details are taken from In2Assets’s website and change often; sales may be postponed, withdrawn or sold beforehand. Confirm with the auction house and read its conditions of sale before you bid. Market prices are estimates from asking prices of similar properties for sale.