Details

Investment Summary

• Currently let to multiple tenants including Boxer Superstores and Pep Stores
• Gross Lettable Area [6,492m²]
• Purchase Price R61,750,000
• Net Annual Income R 5,723,861 [March 2024 – February 2025]
• Rental Guarantee 2 years on selected vacant units.
• Value Add Value uptick on select vacant units

Location

Mamotse Gateway Centre has ideal frontage on a main arterial road in Mamelodi, with high visibility on Tsamaya Ave.

Building Description

The property comprises a strip mall-like façade with retail shops configured in a row. The shops are currently finished to tenants’ specifications, and generally feature plastered and painted walls, suspended ceilings, fluorescent and spot lighting; and tiled or laminated flooring.

Erf Description

Portion 11 of the farm Vlakfontein 329 JR & Portion 168 of the farm Willows 340 JR. 

Landowner

Lease hold with PRASA.

Leased Land

Denneboom Investments (Pty) Ltd, “ERIS” owns the leasehold right over the portion of land described in the Erf Description above.

Land Lease Period

March 1990 – March 2040

Lettable Area

6,492m² of GLA

Occupancy Profile

Vodacom Absa Nedbank Capitec Bank Meat And Veg Corner Kawena Distributors Cell King Max Box - Denlotz Fish And Chips Zenith Cellular Setso Pele Herbs And Crafts Abolaji Adeoti Katlehong Juice And Dairy Vyfster Graniet Thabo Godfrey Lediga Sedglo Hair And Beauty Salon Pep Stores Mark John Sun Kalapeng Denneboom Pharmacy Capricorn Cash Loans Boss Sound And Cell Boxer Superstores Linxm General Trading Akuna Matata Curtain And Linen QS Textiles Mogapi Optometrists Irfan And Brothers Trading Martin's Funerals Mamelodi

Rental Guarantee

Seller has included a 2-year rental guarantee on select vacant units.

Net Annual Income

R 5,723,861 (Jul 2022 – Jun 2023)