Premier Retail Portfolio in Lephalale's CBD
A rare and commanding opportunity to acquire a dominant, six-property retail portfolio in the heart of Lephalale's thriving economic hub. This consolidated offering, known as Lephalale Crossing, represents nearly the entire retail node, delivering a robust blended yield of approximately 9.3% and a total gross lettable area of 24,346m2.
This is not merely a property investment; it is the acquisition of a critical piece of the town's retail infrastructure, anchored by major national brands and serviced by exceptional foot traffic.
The Portfolio Breakdown:
Shoprite Centre (7,226m2): An enclosed mall anchored by the retail giant Shoprite. It features a strong mix of national fashion tenants including Skipper Bar, Studio 88, Power Fashion, and PEP.
Boxer Centre (5,755m2): An open-plan centre anchored by Boxer Supermarket, complemented by Boxer Liquor, Betta Bets, Webbers, and Fastrak. Its prime location includes the town's main taxi rank, ensuring a constant flow of customers via public transport.
Fashion Corner (5,245m2): A fashion retail powerhouse hosting a stellar line-up of national brands: Mr Price, Markhams, PEP, Sheet Street, Ackermans, and Truworths. The centre also includes a pharmacy and offers ample customer parking.
Banking Centre (2,541m2): A hybrid property offering valuable retail and office space. It is dominated by financial institutions including FNB and Nedbank, with the upper floors occupied by professional tenants such as a GP practice and a recruitment agency.
Relebogile Centre (3,542m2): A vibrant mix of retail and service tenants including OBC Chicken, Autozone, Debonairs, Pick n Save, and Eskom. Strategically positioned next to the CBD and a major taxi rank, it capitalizes on high-volume passing foot traffic.
Unrivalled Tenant Line-Up:
The portfolio's strength is underscored by its exceptional tenant covenant, featuring a who's who of South African retail:
Anchor Tenants: Checkers, Boxer Supermarket, Shoprite
National Fashion Retailers: Mr Price, Truworths, Ackermans, Jet, Markhams, PEP, Rage, Exact, Fashion World
Home & Value Retail: Cash Build, Russels, Beares, Tekkie Town, Cash Crusaders, Sleepmasters, Sheet Street
Food & Convenience: Debonairs, King Pie, OBC Chicken
Full Banking Suite: Nedbank, FNB, Capitec, Standard Bank, ABSA, African Bank
Location & Growth Potential:
Lephalale is one of South Africa's fastest-growing towns, driven by the massive Grootegeluk coal mine and the world-class Medupi Power Station. This economic engine fuels continuous population and commercial growth, creating sustained demand for the retail and services provided within this portfolio.
This is a unique, once-in-a-lifetime offering to purchase a consolidated, income-producing asset at the centre of a booming local economy. Contact us today to secure this exceptional investment.
