RETAIL INVESTMENT OPPORTUNITY (Somerset West)

This dominant convenience retail centre presents a rare opportunity to acquire a well-established income-producing asset within a high-growth residential catchment. Anchored by a leading national grocery retailer on a newly secured long-term lease, the property offers investors a stable and defensive income stream supported by a strong national tenant profile. Comprising over 10,000m² of gross lettable area, the centre benefits from a diversified tenant mix, with approximately 89% national tenants and the anchor tenant occupying around 50% of the total GLA. The property generates a net income in excess of R1 million per month, with contractual rental escalations supporting future income growth. Strategically positioned within an established retail node, the centre serves as a key convenience shopping destination for the surrounding community. Its strong occupancy profile, national tenant covenant strength, and long-term income security make it an attractive acquisition for investors seeking a resilient retail asset. Property Highlights GLA: ±10,000m²+ Retail Zoning Dominant Convenience Retail Centre Strong National Tenant Mix (±89%) Anchor Tenant Occupies ±50% of GLA Net Income: In Excess of R1 Million per Month Long-Term Anchor Lease in Place Established Residential Catchment Strong Income Growth Potential Defensive Retail Investment Asking Price: R171,000,000 Further information available upon request and subject to confidentiality.