Ideally located retail centre featuring a prominent anchor tenant
The perfect opportunity for keen investors to purchase a blue chip retail centre in sought-after Sandton. A lease is secured with the anchor tenant, Pick n Pay, up until October 2042 and the centre boasts a healthy projected net annual income of R4, 836, 317.
About the property
Petervale Retail Centre is the original and only village shopping centre in Petervale. Bounded by Rivonia, Bryanston, and Paulshof, and located next to the N1 highway, Petervale is a hive of activity. Petervale Retail Centre spans 2757m2 (GLA) and offers:
– Blue chip tenant, Pick n Pay with a remaining lease period of 19.5 years.
– Zoning for business 2.
– Armed response security.
– Gross rental income of R5, 832, 833.
– Net rental income of R4, 836, 317.
Our thoughts on this property
A comment from Ricardo Da Silva, Joint Managing Director of Galetti Auction on this property: “This has to be one of the best properties that we have brought to market thus far. It’s conveniently located, boasts a healthy bottom line and high foot traffic, and features a prominent anchor tenant. It’s also a stone’s throw away from Curro Bryanston making it the ideal location for after-school shopping.”
- Registered Owner: Zotos Kitchens and Cupboards Pty Ltd
- Registration Number: 1991/007013/07
- VAT Registered: Yes
Want to place your bid? Register to join us at our not-to-be-missed auction on 19 April 2023! The auction starts at 12pm at Katy’s Palace in Kramerville. Find out more about this property here.
