A ±10,820 m² convenience shopping centre offered as-is at R110M, presenting clear value-add and leasing-up upside for an active owner-operator or investor.
Well-located within the Edenvale area with strong road exposure and easy access, the centre offers ±607 on-grade parking bays and a tenant mix spanning pharmacy/health & beauty, fashion, banking/ATM, food & beverage, liquor, pet retail, automotive, and service-based occupiers — including Clicks, Truworths, Capitec ATM, Pizza Hut, Dros, Blue Bottle Liquors, Absolute Pets, Grumpy's Café, and Car Service City.
Two large vacant anchor spaces (±4,195 m²) represent the primary reversionary opportunity, offering a buyer scope to re-lease and reposition for meaningful income growth. Budgeted gross income of R14.02m against R9.41m in expenses reflects conservative, vacancy-suppressed current performance.
Asking price: R110M (excl. VAT, if applicable) | Rate: ±R10,166/m²
