Industry Overview
Strip mall centres are highly desirable and generate high levels of foot traffic due to the strong demand for access to convenience shopping.
Location
Located in strong growing low income areas, with high levels of spending power.
Business Description
The malls offer various size retail shops, which cater for both the blue chip national tenant and the small local business.
Financial Summary
The malls all have long term tenants in place and offer an excellent return on investment
Investment Rationale
The malls offer extremely good rental returns with strong annual growth.
Customer Overview
The anchor tenant of each mall is a national tenant, with a long term leases in place.
Transaction Information
The asking price for the combined 4 malls is R70,500,000 Excl Vat. These malls generate a net rental income of R7,236,588 per year. The total leased area of the 4 malls is 10,143sqm.
They can be sold combined or individually.
To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.
