Shoprite Centre Alexandria

Strong national tenants – Boxer, a national brand with a portfolio of over 280 stores.

Established destination within its community attracting residents from catchment areas that include Wynberg, Marlboro and Alexandra. R 4 945 658 Net Operating Income for 12 months beginning 1 September 2023. High visibility from Pretoria Main Road, a major transport artery. Solar panels are present on-site providing backup power.

Location and Access

The subject property is located along Pretoria Main Road, the main transport route dissecting Wynberg and Alexandra, an industrial area on the periphery of Sandton. The property enjoys excellent visibility and is easily accessible from both 1st Avenue and Chadwick Avenue. Pretoria Main Road is a major arterial route that connects Wynberg with multiple surrounding suburbs. Quick access to the N1 from the supporting road network provides an easy commute to the Johannesburg city centre and Sandton, while 1st Avenue provides easy access to nearby residential neighbourhoods such as Alexandra and Kew. The large population in the properties direct catchment makes for an ideally placed location with excellent visibility and access.

Asset Description

The building features 3 336 sqm of lettable area, all fully tenanted. The property is well maintained and boasts excellent levels of internal finishing, cultivating a welcoming environment for potential clients. Parking is found on 1st Avenue, with access to additional parking up a large ramp to the second level of the building. The second level retail includes a carwash and store fronts to several of the tenants including AvBob. The anchor tenant (Boxer superstores) occupies the majority of the ground floor along with its accompanying Boxer liquor store. Several ATM’s have been added to the building. Both visibility and access are excellent. The roof is covered with a large solar array providing backup power.