The Galleria

DEVMARK COMMERCIAL INTRODUCES A NEW BROKING DIVISION – RETAIL / SHOPPING CENTRES

The key focus will be broking of Retail / Shopping Centres nationally.
We liaise directly with all major property companies, both listed and unlisted.
We can get the best deal for you, whether it is selling or buying a shopping centre (whether Neighbourhood, Convenience or Community Centre).
Please contact Pieta van Wyk  084 437 6803 / pietavw@devmark.co.za

PROPERTIES FOR SALE

SOUTHERN JOHANNESBURG

Gross Lettable Area: 12 000 sqm
Annual Net Income: Available on request
Anchor Tenants: Pick & Pay, Woolworths Food, Adega, Wimpy, Piatto, Pick & Pay Clothing, Pick & Pay Liquor, Tekkie Town, Romans Pizza
Yield: 8 – 9.5%
Price: Available on request

ALBERTON

Gross Lettable Area: 4 800 sqm
Annual Net Income: R 3,3 million
Anchor Tenants: Morkels, Sleepmasters, Cash Converters, Pride & Pride, Barnetts, Popular Furniture, Boston City Campus
Yield: 11.5%
Price: R 28,6 million

WEST RAND – WESTONARIA

Gross Lettable Area: 834 sqm
Annual Net Income: R 1,45 million
Anchor Tenants: Absa, I.E.C., Social Welfare
Price: R14 million (neg)
Fully let
Shortest current lease = 3 years

WEST RAND – FOCHVILLE

Gross Lettable Area: +- 1100 sqm
Annual Net Income: R 1,84 million
Anchor Tenants: Clicks, SAPS, Russels
Price: R 18 million (neg)

EDENVALE

Gross Lettable Area: 2000 sqm
Annual Net Income: R 1,93 million
%Let: 100%
Yield: 12,8%
Price: R 15,4 million

GERMISTON

Gross Lettable Area: 4 637 sqm
Annual Net Income: R 1,457 million
Anchor Tenants: Autozone, Dekema Mall Supermarket, Dekema Meat Market
Yield: 13%
Price: R 11 million (neg)

RANDBURG

Owners: JHB City Council (16 years left on lease)
Gross Lettable Area: 2 747 sqm
Annual Net Income: R 1,9 million
Anchor Tenants: KFC, Dros Restaurant, Domino’s Pizza
Price: R15 million (R12 mil immediately, R1 mil p.a. for 3 years)
Total net income for 16 years: R 31 million, with huge upside potential – present income generated from 1 500 sqm

BRAKPAN

Gross Lettable Area: 1 797 sqm (inc 500 sqm flats)
Annual Net Income: R 431 000
Tenants: Ace Wagen Workshop, Crazy Krap, AB Fishing Shop
Yield: 13%
Price: R 3 million (neg)

BOKSBURG

Gross Lettable Area: 3 479 sqm
Annual Net Income: R 3,8 million
Anchor Clients: Boxer Stores, Liquor City, Nedbank
%Let: 92%
Yield: 10,1 %
Price: R 37,5 million

GERMISTON

Gross Lettable Area: 1 797 sqm
Annual Net Income: R 1,04 million
Anchor Tenants: Spar, Blue Label Bottle Store
Price: R 12 million (which includes the Spar, excl. stock)
Development opp: Land size = 5900 sqm, ideal for drive-thru

PHALABORWA

Gross Lettable Area: Bldg 1: 2 263 sqm
Bldg 2: 2 305 sqm
Annual Net Income: Bldg 1: R 2,02 million
Bldg 2: R 1,78 million
Anchor Tenants: Bldg 1: Xtreme Discounters, Nzamz Namakgate, Ahmeed Anees
Bldg 2: Jet Store, Bearing Man, Bradlows, Morkels
Price: R40 million (neg)
Property Details: Two erven
Fully let