₦airaland Forum

we have a newly. built filling station for sale in the heart of abuja close to bannex junction wuse 2 with 24 pumps and a mini mart. status-new location-wuse 2 asking price-#900,000,000 contact-08182745301

i need one to rent in abuja...very urgent

Lol, am I buying an airplane company? or MTN? If I were going to buy it, It is better I build 10 filling stations at different places and not tie my money to one location.
We like excessive gains in Nigeria and it is foolishness to me.
If you were making it that big,why not continue the business? Why sell it?

this filling station was built by my boss and has not been used and he wants to sell it is that a crime.look this filling station is located on a 3900sqm of land in the heart of abuja do u know how much that land cost. that land is over 400 millionaira let alone a generator plant and a transformer.7 offices one conference centre a lub and a two story mini mart and a bolehole .

viczo:
this filling station was built by my boss and has not been used and he wants to sell it is that a crime.look this filling station is located on a 3900sqm of land in the heart of abuja do u know how much that land cost. that land is over 400 millionaira let alone a generator plant and a transformer.7 offices one conference centre a lub and a two story mini mart and a bolehole .

You sef you're replying them? You owe nobody an explanation. Business is business, you either buy or go. The people who know the value and are ready to buy it will do so therefore forget what they're saying up there.

Interested. Can I see pictures please

arterxerxes:
Lol, am I buying an airplane company? or MTN? If I were going to buy it, It is better I build 10 filling stations at different places and not tie my money to one location.
We like excessive gains in Nigeria and it is foolishness to me.
If you were making it that big,why not continue the business? Why sell it?

you will not die young my brother. For what you just said come and collect chilled orijin all bill on me.

900 is too much. This filling station can not sell 33,000 liters in a day. It is advisable to go to those politician that just want to tie their money somewhere than coming to nairaland where we will just be making jest of you. This is my field and I know how people react in a situation like this.

viczo:
this filling station was built by my boss and has not been used and he wants to sell it is that a crime.look this filling station is located on a 3900sqm of land in the heart of abuja do u know how much that land cost. that land is over 400 millionaira let alone a generator plant and a transformer.7 offices one conference centre a lub and a two story mini mart and a bolehole .

Chief, there's no way that station would cost 900m to build. I'm a chartered real estate consultant and not a local agent, so I'm speaking as a professional.

There are 3 ways we do valuation.

1) Comparison sales. In today's depressed market, will anyone pay 900m for a gas station in Abuja? Answer is no. So comparison method of valuation doesn't support the value

2) Cost method. How much did it cost to building the station? Max 300-400m including land acquisition and equipment. Add 25% developers profit, its still 500m

3) Income approach. How many litres of DPK, PMS and AGO would be sold per day? What's the profit per day? What's the annual expenses on salary, licence etc we would arrived at net annual profit. Let's say net annual profit is 20 million. Capitalizing for 20 years, you have 400million. Let's even say 500m.

So your 900m is not justifiable.

I've got plenty stations for sale. Some asking 1.2billion, but no one would buy, cos you can not make profit of 50million per annum selling gas in Nigeria

davodyguy:
Chief, there's no way that station would cost 900m to build. I'm a chartered real estate consultant and not a local agent, so I'm speaking as a professional.

There are 3 ways we do valuation.

1) Comparison sales. In today's depressed market, will anyone pay 900m for a gas station in Abuja? Answer is no. So comparison method of valuation doesn't support the value

2) Cost method. How much did it cost to building the station? Max 300-400m including land acquisition and equipment. Add 25% developers profit, its still 500m

3) Income approach. How many litres of DPK, PMS and AGO would be sold per day? What's the profit per day? What's the annual expenses on salary, licence etc we would arrived at net annual profit. Let's say net annual profit is 20 million. Capitalizing for 20 years, you have 400million. Let's even say 500m.

So your 900m is not justifiable.

I've got plenty stations for sale. Some asking 1.2billion, but no one would buy, cos you can not make profit of 50million per annum selling gas in Nigeria

may you live long for this

[quote author=davodyguy post=56738447]Chief, there's no way that station would cost 900m to build. I'm a chartered real estate consultant and not a local agent, so I'm speaking as a professional.

There are 3 ways we do valuation.

1) Comparison sales. In today's depressed market, will anyone pay 900m for a gas station in Abuja? Answer is no. So comparison method of valuation doesn't support the value

2) Cost method. How much did it cost to building the station? Max 300-400m including land acquisition and equipment. Add 25% developers profit, its still 500m

3) Income approach. How many litres of DPK, PMS and AGO would be sold per day? What's the profit per day? What's the annual expenses on salary, licence etc we would arrived at net annual profit. Let's say net annual profit is 20 million. Capitalizing for 20 years, you have 400million. Let's even say 500m.

So your 900m is not justifiable.

I've got plenty stations for sale. Some asking 1.2billion, but no one would buy, cos you can not make profit of 50million per annum selling gas in Nigeria[/quote
you see life is simple to those who understands how it works first of all are u based in abuja?if yes and u know d location am talking about then all your calculations are wrong.I'm not new to dis biz I've sold a filling of #1.1billion naira and heavens did not fall if u are based u can contact me if u want to see this property.

it's not all about having many filling stations that matters its having a good location that matters my broda,look abuja is not as broad as Lagos,abuja is a circular city.OK mrA has 4 filling stations along travelling routes and mrB have just 1 in a well located area.let's say city centre d revenue from dat one filling station will b more than that of d four why?d location .now tell me d money used in buying those four lands may not even be up to d money used in buying that one land even if it's up to or more than it will be with only a little margin.look in this business location comes first before any other thing including d price.

I have an equally new filling station on a 3plots of land with a C of O for sale in portharcourt,trans-amadi to be precise.16pumps,5 underground tanks of 35000 litres capacity,A Mini mart,A lube bay,A mini gas station.
Price:300 million.
call:08068136625

this filling station also has an ICT centre CCTV camera 7 underground tanks with 4500 capacity each a relaxation place a 1000kva generator plant and a transformer.

viczo:
it's not all about having many filling stations that matters its having a good location that matters my broda,look abuja is not as broad as Lagos,abuja is a circular city.OK mrA has 4 filling stations along travelling routes and mrB have just 1 in a well located area.let's say city centre d revenue from dat one filling station will b more than that of d four why?d location .now tell me d money used in buying those four lands may not even be up to d money used in buying that one land even if it's up to or more than it will be with only a little margin.look in this business location comes first before any other thing including d price.

Lets look at it this way.

Do you know where Ascon station is in Wuse 2 Adetokunbo Ademola?

oh pls stop all this ok .i'm here for business not for cyber war.if you are not OK with my price.fine look who will buy will buy this not d only place I have adverts running.so pls stop

...

[quote author=viczo post=56751339][/quote]Those nairalanders that were trying to make jest or ridicule you then in 2017 , they should as of today go and check how much petrol filling stations are being sold for in parts like Wuse and Garki. They will be shocked. 900 million naira back then was okay for a station sitting on over 3000 square metres. Wuse for that matter.

Abeg that has passed, ehen, my brother come help me sell one filling station at Mabushi Abuja, ita functioning and is on a plot of over 4k sq metres.
Help me spread it to your vast contacts in the field. Commission is 5%. Or let's do a WhatsApp chat

Allthingswork:
Those nairalanders that were trying to make jest or ridicule you then in 2017 , they should as of today go and check how much petrol filling stations are being sold for in parts like Wuse and Garki. They will be shocked. 900 million naira back then was okay for a station sitting on over 3000 square metres. Wuse for that matter.

Abeg that has passed, ehen, my brother come help me sell one filling station at Mabushi Abuja, ita functioning and is on a plot of over 4k sq metres.
Help me spread it to your vast contacts in the field. Commission is 5%. Or let's do a WhatsApp chat

N900 million in 2017 was worth over $3 million at the time. If the filling station isn’t valued at over N5 billion today (which I had assumed), then that investment has effectively become a total loss.

Anyway, let’s focus on business. Please share the full details of the filling station you have for sale. Give me your WhatsApp number, let’s talk from there.

ibabz:
N900 million in 2017 was worth over $3 million at the time. If the filling station isn’t valued at over N5 billion today (which I had assumed), then that investment has effectively become a total loss.

Anyway, let’s focus on business. Please share the full details of the filling station you have for sale. Give me your WhatsApp number, let’s talk from there.

Petrol business don cast, owners and operators are seeing their period

Interesting no pictures

davodyguy:
Chief, there's no way that station would cost 900m to build. I'm a chartered real estate consultant and not a local agent, so I'm speaking as a professional.

There are 3 ways we do valuation.

1) Comparison sales. In today's depressed market, will anyone pay 900m for a gas station in Abuja? Answer is no. So comparison method of valuation doesn't support the value

2) Cost method. How much did it cost to building the station? Max 300-400m including land acquisition and equipment. Add 25% developers profit, its still 500m

3) Income approach. How many litres of DPK, PMS and AGO would be sold per day? What's the profit per day? What's the annual expenses on salary, licence etc we would arrived at net annual profit. Let's say net annual profit is 20 million. Capitalizing for 20 years, you have 400million. Let's even say 500m.

So your 900m is not justifiable.

I've got plenty stations for sale. Some asking 1.2billion, but no one would buy, cos you can not make profit of 50million per annum selling gas in Nigeria

well spoken, but in Abuja all it takes is one civil servant that just siphoned 2 billion Naira from his ministry, & is looking 👀 for where to hide his stolen loot.

Desperation will make one to make illogical moves.