PRIME RETAIL INVESTMENT: HIGH-PERFORMING SHOPPING CENTRE ON YORK STREET
For Sale: R116,800,000 | Prime Corner Location | Net Income: R11 Million p.a. | Return: 10.5%
We are proud to present an exceptional, turnkey retail investment opportunity with the sale of a dominant shopping centre situated on a high-profile corner stand on York Street. This asset boasts a stellar national tenant mix, a robust R11 million annual net income, and a secure 10.5% return, underpinned by long-term leases.
Investment Highlights:
Strong & Secure Yield: Generating a net income of R11 million per annum, offering investors an attractive and secure 10.5% return on investment.
Anchor Tenancy & Covenant Strength: Secured by a brand-new 10-year lease with global giant McDonald's, providing exceptional rental security and drawing significant foot traffic.
Premier Corner Location: Positioned on a prominent corner with roads on two sides, ensuring maximum visibility and accessibility for thousands of daily commuters and pedestrians.
Diverse & Resilient Tenant Mix: A carefully curated blend of national brands and essential services creates a resilient income stream, catering to a wide demographic. Key tenants include:
Food & Beverage: McDonald's, Debonairs Pizza, Hungry Lion, Skipper Bar, Chicken & Chips
Financial Services: Capitec Bank, African Bank, Old Mutual Bank, Sanlam
Fashion & Retail: Studio 88, Exact, Pep Cell, Street Fever
Services & Education: The Courier Guy, Dry Cleaners, Boston City Campus
Professional Services: Nehawu, Attorneys, Consulting Engineers
High Foot Traffic: The centre is a daily destination for the community, benefiting from consistent consumer traffic driven by its convenience and strong tenant offering.
Ample On-Site Parking: Provides convenience for customers, supporting tenant trade and enhancing the centre's overall appeal.
Property Details:
Asking Price: R116,800,000
Total Floor Area: 5,360m2
Rate per m2: R21,790
Land Size (Erf): 5,482m2
Net Annual Income: R11,000,000
Return: 10.5%
This property represents a low-maintenance, high-value investment in a liquid asset class. The combination of a prime location, a new long-term anchor lease, and a diverse income base from blue-chip tenants makes this a compelling opportunity for any discerning investor or fund.
For a comprehensive information pack, detailed tenant schedule, and to arrange an inspection, contact Taps.
