This is a rare opportunity to acquire a dominant corner retail centre positioned on one of the busiest arterial routes linking New Brighton and KwaZekele. Located directly on the corner of Njoli Street and Meke Street, this property delivers exceptional foot traffic, uninterrupted visibility, and daily cash trade- the fundamentals investors look for in resilient township retail.
The centre is anchored by Cashbuild, secured on lease until October 2028, providing a strong, stable income base. A second large anchor space, previously occupied by Boxer, is currently vacant and actively marketed, creating an immediate value-add opportunity through lease-up at market-related rentals.
Line shops ranging from 50 sqm to 400 sqm support a diversified tenant mix, while the size and configuration of the centre allow for additional national tenant placement, unlocking further upside.
Why This Asset Works:
Below municipal valuation – built-in equity from day one
Strategic corner position on a major commuter and taxi route
Immediate upside through leasing of vacant anchor space
Secure national anchor with lease in place until 2028
High-demand trade node adjacent to Njoli Taxi Rank
Defensive retail with consistent daily spend
Property Metrics:
Erf size: 10,625 sqm
GLA: 5,193 sqm
Current net income: ± R108,000 per month (with upside)
Zoning: Retail
VAT: Price excludes VAT
This is a cash-flow focused retail acquisition with clear upside through active asset management. Properties of this scale, exposure, and pricing rarely come to market in this node.
Full financials, tenant schedule, and projections available on request.
Serious investors only.