A well-positioned neighbourhood retail property anchored by Shoprite, secured on a five-year lease effective February 2026. The anchor tenant has traded from the location for several decades and currently achieves average monthly turnover in the region of R10 million, reflecting the strength of the site and its position within the surrounding retail node.
The property is located immediately adjacent to major public transport infrastructure, including a train station and taxi ranks, resulting in consistently high pedestrian movement and strong daily trading conditions.
The centre has a total gross lettable area of approximately 3,840 m² situated on an erf of approximately 1,937 m², zoned Mixed Use 2. The property is further enhanced by a 183 kW rooftop solar installation, generating additional income and reducing operational exposure.
The asset produces gross rental income of approximately R5.9 million per annum, supplemented by solar income of approximately R508,000 per annum. Municipal rates and taxes are approximately R481,000 per annum.
The combination of a long-standing national anchor tenant, strong turnover performance, transport-driven foot traffic, and additional solar revenue supports a stable, income-focused retail investment profile.
Further information is available to qualified parties, subject to the signing of a non-disclosure agreement and provision of proof of funds.
