Northlands Corner Shopping Centre presents a prime, fully let mixed-use investment opportunity ideally located at the high-exposure intersection of Witkoppen and Newmarket Roads in Northriding.
This well-established centre offers exceptional visibility, strong foot traffic, and a diversified income stream across retail, office, and lifestyle tenants. Anchored by Pick n Pay and supported by a strong mix of food, medical, wellness, and convenience offerings, the asset delivers resilient performance and consistent tenant demand.
The property comprises 26,447 m² of GLA on a 28,055 m² erf, generating a Gross Annual Income of R35.1 million and Net Annual Income of R28.48 million. A 5-year seller head lease over the office component provides additional income security, with significant rental reversion upside (currently below market).
Strategically positioned opposite Northlands Deco Park and in close proximity to major industrial and commercial nodes, including the Northlands Industrial Precinct and Kya Sands, the centre benefits from a large and active daily catchment. Additional demand drivers include nearby residential densification, a major church, and a newly developed Hindu temple.
Key features include backup power, borehole water, basement parking, prominent signage opportunities, 24-hour security, and excellent accessibility.
This is an ideal opportunity for investors seeking a secure, income-generating asset with built-in growth potential in a high-demand Johannesburg node.