Filling Station

Omowor Filling Station Storage Capacity, Lease Terms and Facilities Phase 1 Filling Station Storage Capacity

• 4 underground storage tanks, each with a capacity of 45,000 litres.
• Tank configuration:
• 2 Premium Motor Spirit (PMS) tanks
• 2 Automotive Gas Oil (AGO/Diesel) tanks

Dispensing Facilities

• 4 PMS dispensing pumps
• 2 Diesel dispensing pumps

Lease Terms

• Annual Lease Fee: ₦15,000,000 per annum.
• Lease Duration: Minimum of 5 years and a maximum of 10 years.
• The lessee shall pay a refundable security and damage deposit in addition to the annual lease fee.
• The security deposit will be refunded upon expiration of the lease, provided:
• The station is returned in good condition.
• There are no outstanding utility bills, government levies, taxes, or other liabilities.
• Where there are outstanding obligations or damages, the owner shall deduct the applicable amount from the security deposit and refund the balance to the lessee.
• The 5% agency commission shall be paid by the lessee directly to the appointed marketing agent. The property owner is not responsible for the agency commission.
• Any renovation, rebranding, or modification required before commencing operations shall be carried out and financed by the lessee to suit its operational requirements, subject to the owner's approval where applicable.

Phase 2 Filling Station Storage Capacity

• 7 underground storage tanks, each with a capacity of 45,000 litres.

Dispensing Facilities

• 6 PMS dispensing pumps
• 2 Diesel dispensing pumps

Lease Terms

• Annual Lease Fee: ₦20,000,000 per annum.
• Lease Duration: Minimum of 5 years and a maximum of 10 years.
• The lessee shall pay a refundable security and damage deposit in addition to the annual lease fee.
• The security deposit will be refunded upon expiration of the lease, provided:
• The station is returned in good condition.
• There are no outstanding utility bills, government levies, taxes, or other liabilities.
• Where there are outstanding obligations or damages, the owner shall deduct the applicable amount from the security deposit and refund the balance to the lessee.
• The 5% agency commission shall be paid by the lessee directly to the appointed marketing agent. The property owner is not responsible for the agency commission.
• Any renovation, rebranding, or modification required before commencing operations shall be carried out and financed by the lessee to suit its operational requirements, subject to the owner's approval where applicable.

Strategic Business Advantage Both filling stations are strategically located along busy routes with heavy traffic from tipper trucks, commercial vehicles, public transport operators, and private motorists. The high volume of daily traffic creates strong and consistent demand for both Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO/Diesel), providing excellent sales potential and a profitable business opportunity throughout the year. Legal Documentation and Approvals Both filling stations have all the necessary legal and regulatory documents, including:

• Registered Survey Plan
• Approved Architectural and Town Planning (ATC) Approval
• Certificate of Occupancy (C of O)
• Fuel Sales Licence
• Fuel Storage Licence

These approvals and licences make both stations suitable for immediate operation or long-term lease by independent or major oil marketers. Both stations can also be rebranded to any independent or major oil marketing company upon execution of a Memorandum of Understanding (MoU) and in compliance with applicable regulatory requirements.