2,974m² Retail For Sale in Newlands, CL34807

Details

Investment Opportunity: Fully Let Retail Centre in Newlands, Randburg.

Presenting a fully let retail centre in the vibrant and high-footfall Newlands neighbourhood of Randburg, this retail investment offers both stability and long-term growth potential.

• Gross Lettable Area: 2,974 m²

• Erf Size: 5,460 m²

• Occupancy: 100% Let

• Net Annual Income: R3,600,000

Anchor Tenants:

• Shoprite – 7 years remaining on lease

• PEP Stores

• Shoprite Liquor

• ABSA, Nedbank and Standard Bank ATM's

Strategically positioned in a bustling commercial hub, this centre benefits from strong daily foot traffic and consistent consumer demand. The presence of Shoprite as the primary anchor tenant—one of South Africa's leading grocery retailers—adds significant covenant strength to the offering.

In addition to the retail income, the property includes a rooftop solar lease, providing an ancillary income stream and aligning with sustainable energy practices.

This is a rare opportunity to acquire a well-performing retail asset in a sought-after location with a strong tenant mix and secure cash flow.