NEW
Web Ref CL35055
On Auction - 20 August 2026 - Penny Lane Shopping Centre
On Auction - 20 August 2026 - Penny Lane Shopping Centre | Halfway House, Midrand
±2,747m² corner retail centre with prime Old Pretoria Road exposure going under the hammer at The Wanderers Golf Club, Illovo.
Every so often, the auction floor delivers a property where the hard part is already done. A prominent corner site on one of Midrand's busiest arterials, minutes from the N1, in the proven commercial heartland between Johannesburg and Pretoria with thousands of vehicles passing the front door daily. Penny Lane is that property, and on 20 August it finds its next owner.
The fundamentals:
• ±2,747m² under-roof GLA across two erven on a well-configured corner site
• Double-storey main building with balcony-level trading, plus a gable-roofed retail strip linked by covered walkways, all with a clean aesthetic
• Two entry/exit points (164 & 172 Penny Lane) and ample parking, with bays earning extra income from a car wash, mechanic and sound installers
• Multi-tenanted layout – current occupants include a pharmacy, betting store and motor spares outlet to name a few
The opportunity: Whilst the property requires a new vision and operational management, it remains a valuable offering for the right buyer. Locations like this can't be created; however, what happens on them can be reimagined. For a hands-on buyer, there is genuine scope to refine the tenant mix, reposition the offering and let the exposure do the rest.
Assets with this exposure, in this node, rarely trade. On 20 August, this one does.
Contact us now to register your participation in this process.
±2,747m² corner retail centre with prime Old Pretoria Road exposure going under the hammer at The Wanderers Golf Club, Illovo.
Every so often, the auction floor delivers a property where the hard part is already done. A prominent corner site on one of Midrand's busiest arterials, minutes from the N1, in the proven commercial heartland between Johannesburg and Pretoria with thousands of vehicles passing the front door daily. Penny Lane is that property, and on 20 August it finds its next owner.
The fundamentals:
• ±2,747m² under-roof GLA across two erven on a well-configured corner site
• Double-storey main building with balcony-level trading, plus a gable-roofed retail strip linked by covered walkways, all with a clean aesthetic
• Two entry/exit points (164 & 172 Penny Lane) and ample parking, with bays earning extra income from a car wash, mechanic and sound installers
• Multi-tenanted layout – current occupants include a pharmacy, betting store and motor spares outlet to name a few
The opportunity: Whilst the property requires a new vision and operational management, it remains a valuable offering for the right buyer. Locations like this can't be created; however, what happens on them can be reimagined. For a hands-on buyer, there is genuine scope to refine the tenant mix, reposition the offering and let the exposure do the rest.
Assets with this exposure, in this node, rarely trade. On 20 August, this one does.
Contact us now to register your participation in this process.
Features
Building Name
Penny Lane Shopping Centre
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
2,747m²
Land Size
7,018m²
