Key details

Address

Olorunsogo

Condition

Fairly Used

Furnishing

Furnished

Property Type

Filling Station

Square meters

1,200 sqm

Profitable Filling Station for Lease in Ibadan Highlights

• Prime Commercial Location — Filling stations are often situated in high-traffic areas, making them easily accessible to a large customer base. Proximity to major roads and residential zones is key for consistent business.
• Adequate Lot Size — A substantial plot of land, such as 1200 square meters, typically allows for multiple fuel pumps, a convenience store, and ample parking space. This size supports efficient operations and customer flow.
• Essential Utilities — Reliable access to electricity and water is crucial for the operation of a filling station. This includes powering pumps, lighting, and any associated retail spaces.
• Security Considerations — Given the nature of the business, security features like good lighting, fencing, and potentially surveillance systems are important for protecting assets and ensuring staff safety.
• Potential for Ancillary Services — The space often accommodates additional services like a convenience store, car wash, or mechanic bay, which can significantly boost revenue streams.

Description

• Strategically located filling station available for long-term lease in Ibadan city center. • Equipped with 5 digital dispensers (3 PMS, 1 AGO, 1 DPK) and four 45,000-liter underground tanks (2 PMS, 1 AGO, 1 DPK). • Includes a lube bay, mini mart, and a one-storey office building with multiple offices. • Property is in excellent working condition, requiring no immediate repairs. • NMDPRA (formerly DPR) registered and licensed, ensuring full compliance. • Ready for immediate operation with an established, large customer base. • Lease duration: 15 years. Annual rent: NGN 4,500,000. Agency fee: 5%.

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