Shell Ultra City North – Estcourt, KZN

For Sale

Private Tender

Estcourt

| KZN

| 2121

Asking price

Summary

Location and Accessibility: Strategically located on the N3, the Estcourt Shell Ultra City is a key refuelling hub for Johannesburg–Durban travellers and nearby communities.
Financial Performance: South site pumps ~185,000KLPM UL 95; ~227,000KLPM AGO V Power Diesel 50PPM and ~18,000KLPM AGO Extra 50PPM.
Asset Quality and Infrastructure: Shell, being a market leader in the energy industry, has develop this fuel station to the highest possible standard.
Ownership Structure: Shell South Africa Marketing (Pty) Ltd, ensures the facilities have been professionally managed with its franchisee network, preserving the asset’s condition.
Lease and Operating Agreements: Established brands such as Steers, Fego, and KFC operate under franchise or lease agreement, trading well and benefiting from consistent foot traffic and brand loyalty.
Competitive Landscape: Situated along the high-traffic N3 national highway, the site offers exceptional visibility and accessibility, with additional appeal created by its integrated truck stop, distinguishing it from competing stations in the corridor.
Risk and Exit Strategy: Its strategic location makes it a natural stop for both commercial and private vehicles, supporting long-term demand and offering a straightforward path to future EV infrastructure conversion if market conditions evolve.

Location

Located in Inkosi Langalibalele Municipality, Uthukela District, KwaZulu-Natal, this region includes urban and rural centers such as Estcourt, Weenen, and Winterton. Known for its agriculture, heritage, and growing tourism, it benefits from strategic access to the N3 highway, a key corridor linking Durban and Johannesburg that supports logistics and trade. The local economy combines industry, farming, and eco-tourism, with major employers like the Nestlé coffee and Eskort bacon factories. The nearby Drakensberg mountains further enhance the area’s tourism and hospitality sectors.

Situation

Located on one of South Africa’s busiest transport routes, Shell Ultra City offers excellent road visibility and direct highway access, serving steady northbound traffic between Johannesburg and Durban. Its central position makes it easily accessible for travellers from nearby rural and urban areas, establishing it as a convenient, full-service stopover.

Description

The facility is a modern, purpose-built service station strategically positioned along the high-traffic N3 national route. Designed to accommodate both long-distance travelers and freight operators, it offers a comprehensive range of fuel, retail, dining, and rest amenities, all housed within a durable, efficiently configured infrastructure.

The expansive forecourt features 10 pump islands, each equipped with 6 dispensing pumps to ensure high throughput. The structural design comprises a steel framework with plastered and painted loadbearing brick infill, finished with zincaluminium sheet roofing for enhanced durability and resistance to environmental conditions.

The retail and dining amenities include a strong-performing Spar Express (operating under a 12.75% royalty agreement) and a Shell Select Deli, both positioned within the main retail outlet. The adjoining food court include established national brands such as Fego, Steers, and KFC. These areas are designed with open ceilings, acoustic finishes, and exposed ducted air conditioning to create a modern and comfortable customer experience. ATM services from FNB, Standard Bank, and Nedbank are also available, and well-maintained male and female ablution facilities are accessed via a central corridor.

Supporting infrastructure includes:

Solar-panel carports and roof-mounted solar panels on the main structure
A dedicated truck rest and overnight area
Offices, cashier kiosks, and a PA kiosk
Utility infrastructure including water storage tanks and an on-site electrical substation

The site is surfaced with a combination of concrete, tar, and brick paving. Minor subsidence has been observed in isolated areas. Dedicated service zones behind the retail and food court units support seamless logistics and operations for all tenants.

Forecasted Monthly Rates & Taxes

Rates Estimate: R1,152,354.50 annually

Monthly Rates & Taxes: ±R96,029.54

Title Deed Information

Erf Description:	Portion 3 of the Farm Heavitree No. 15028, Division GS, KZN, RSA
Title Deed Number:	T12718/1995
Extent:	7.5856 ha (part of the 16.1764 ha total)
Owner:	Shell South Africa Marketing (Pty) Ltd
Purchase Price:	R10,383.00 (1994/12/15)
Registration Date:	1995/04/18

Zoning Information

Zoning:	Agriculture 1 (Consent Use for Fueling and Service Station)
F.A.R:	0.4
Coverage:	80%
Height Restriction:	2 Floors
Parking Ratio:	4 bays per 100m² GSA
Height Restriction:	2 floors
Compliance:	Fully compliant with town planning

Rentable Areas

Forecourt including pump islands

Convenience Retail: Spar Express

Restaurants: Steers, Fego, KFC

Additional space: Offices, kiosk, ATMs

Tenancy Schedule

Forecourt Rental (Fuel Sales):
Mogas (ULP 95): 185,000 LPM
Diesel: 245,000 LPM

Income: ±R218,641.50/month

Spar Express
Monthly Turnover: R1,780,000
Royalty Rate: 12.75%
Rental Income: R226,950.00/month

Restaurants
Steers Turnover: R640,000
Fego (estimated): R250,000
Royalty Rate: 10%
Combined Restaurant Income: R129,000.00/month

KFC lease
Total Gross Monthly Income: R45,000/month

Total Gross Monthly Income: ±R619,591.50

VAT

The Seller has been registered for VAT (Value Added Tax). It is intended that the sale will be zero VAT rated, provided that the purchaser is registered for VAT and the requirements for going concern are met in terms of the VAT Act, No. 89 of 1991.

Sales Process

This property is being offered for sale through a Private Tender process under a Sole Marketing Mandate with CBRE-X online.

Interested parties can register on the CBRE-X online platform to access the Non-Disclosure Agreement (NDA).

To obtain full access to the Due Diligence information in the data room, an executed NDA is required, along with details about the entity and key individuals expressing interest in the property. This information may be provided through a link to your company website, a company profile, or brief resumes for the company and key individuals involved.

To submit an offer on the property, proof of funds or a comfort letter from a financial institution, indicating a favorable consideration for financing, must be provided. Interested parties are encouraged to submit their best offer as soon as possible.

Only parties that have submitted an NDA and the required information will be invited to view the property in the presence of the Agent or a representative of the Seller.

The Seller reserves the right to accept any offer but will instruct the Agent to notify all interested parties (who have signed an NDA and accessed the Due Diligence information) if an offer is under consideration.

The Agent will present all offers to the Seller and communicate acceptance to the successful bidder, while informing other parties of the outcome.

Offers will be evaluated based on the following criteria:

The price offered
Demonstrated ability to perform, including proof of funds or a comfort letter.
The conditions attached to the offer and the timeline for concluding the transaction.

Disclaimer

The website provides information about properties but does not guarantee its accuracy. Users access the site at their own risk and should seek professional advice before making any decisions based on the information provided. Property descriptions are general and do not constitute an offer or contract. All details are believed to be correct but should be verified by users. The company and its employees do not make any representations or warranties regarding the properties. Prices quoted are exclusive of taxes. The information on the website may contain errors, omissions, or may change without notice. Users should conduct their own investigations before making any investment decisions. The information provided should not be considered financial or investment advice. Any information given by the company or the vendor is for illustration purposes only and does not constitute a representation, condition, or warranty. Users are responsible for conducting their own due diligence to verify the accuracy of the information provided.

Contact Lead Agent

Fabio Nava

+27 (0) 82 585 2498

Fabio.Nava@cbreexcellerate.com

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Downloads

NDA – Standard – CBRE Excellerate

Contacts

CBRE Excellerate

+27 (0) 11 911 8000