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Nando's Savoy - 555 Louis Botha Ave, Savoy Estate, Johannesburg, 2090, South Africa

Multi-Asset Class Portfolio | Retail | Tender


Investment Highlights

  • Strong International tenant- Nando’s, presently operating over 1,200 outlets in 30 countries.
  • Prime location in central Savoy, Johannesburg, on Pretoria Main Road, a major transport route dissecting the Savoy precinct.
  • R 1 292 601 Net Operating Income for 12 months beginning 1 September 2023.
  • High visibility from Pretoria Main Road.
  • Backup Generator present on site.

Location and Access

The subject property is situated in the Savoy precinct, a large residential area on the periphery of Melrose Arch. The property is located along Pretoria Main Road, a significant transport route dissecting central Wynberg, Savoy and the Highlands North area. The road network links Sandton, Wynberg, Savoy, and provides access to highways in the West which connects to the Johannesburg CBD in the South. The subject property is located near several bus stops and taxi ranks, making it easily accessible for those using public transport. The Nando’s Savoy has excellent visibility from Pretoria Main Road, and its newly built drive thru makes it an excellent destination for customers in the Savoy Area.

Asset Description

The building comprises 375 square metres of net lettable area with a total land area of 1 487 sqm. It has been refurbished to the tenants’ specifications providing restaurant service space, deep freeze storage space, smaller management offices and the kitchen on the ground floor. Parking is provided for walk in customers, with the entrance to the property and drive thru from Louis Botha Avenue. The first floor contains amenities and toilets for staff. The property features a large concrete drive through wrapping around the building which is placed centrally within the boundaries of property.


Tenant GLA (m2) Rate (R/m2) Starts Expires Esc %
Nando’s 374 278.88 01/11/2016 31/10/2026 7
Courier Guy 1 1166.40 01/08/2020 31/07/2025 8

Tenant Information

Tenant - Nando's

  • Area: 374
  • Lease Term: Expires 2026
  • Rent: 278.88
  • Escalation: 7%

Nando’s is a large restaurant and fast-food chain specializing in chicken. At present Nando’s operates over 1,200 outlets in over 30 countries.

Tenant - Courier Guy

  • Area: 1
  • Lease Term: Expires 2025
  • Rent: 1166.40
  • Escalation: 8%

The Courier Guy provides national and international express services across the globe from South Africa. At present they operate over 170 nationwide Kiosks.

Financial Information

Net Income Forecast (1 Sep 23 – 31 Aug 24) TOTAL
Rental R 1 324 620
Recoveries (Operating Costs) R 1 127 133
Gross Income R 2 451 752
Operating Expenses R 1 159 152
Forecast Net Operating Income R 1 292 601

Ownership Structure and Zoning Information

Ownership Details
Registered Owner Postan Developments (PTY) LTD
Registration No. 2015/102070/07
Legal Description ERF 131, Savoy Estate Township, Gauteng Province
Land Area 1487 Meters Square in extent
Title Deed No T56702/2016
Tenure Freehold
Municipal Authority City of Johannesburg

Zoning Information
Address 555 Louis Botha Ave, Savoy, Johannesburg, 2090
Zoning Special
Height Three storeys
Coverage 40%
Floor Area Ratio (FAR) 0.8


The seller is registered for VAT (Value Added Tax). All offers will be exclusive of VAT at a rate of 0%.

Sales Process

The property is offered for Sale by way of a direct sale of title.

Upon registration and signing the NDA, you will be provided with access to the Stage 1 Due Diligence data room, which will provide you with a full tenant schedule, a 12-month Income and Expense Forecast, a Letter of Intent template (“LOI”) and a full Sale Process Letter including instructions about making a binding LOI.

Interested parties are invited to provide submissions for the property in the form of an LOI due by the deadline date displayed. Submissions should include at a minimum, the information and terms outlined below and the completed LOI provided in the Stage 1 Due Diligence Data Room.

  • Purchase Price for the Property, based on the Net Operating Income and an acquisition yield;
  • A description of your company as the proposed purchaser and a reference list of similar retail transactions completed;
  • Evidence of the prospective purchaser’s financial ability to complete the transaction, including the method of financing the purchase;
  • Terms and conditions of closing;
  • Schedule of timing and events to complete closing;
  • A summary of all internal and external consents required to proceed with the contemplated transaction and a list of any other conditions to signing and completion;
  • A completed LOI, in the format provided by the seller; and
  • FICA documentation for the Purchaser.

Submission Date

Interested parties are invited to provide their offers to:

Fabio Nava at fabio.nava@cbreexcellerate.com


Henry Playne at henryplayne@qando.co.za


Exclusive Advisor

All communications regarding the Sale Process and/or the Property should be directed to the Seller’s exclusive Advisors:

Fabio Nava

+27 82 585 2498


Henry Playne

+27 72 763 4090


Map Details

Transaction Advisor

Fabio Nava

Director: Capital Markets - Advisory & Transaction Services

Contact Fabio

Henry Playne

Transaction Advisor

Contact Henry