NEW
Web Ref CL34766
POA
CRANBOURNE CENTRE None
On Auction 16 July – Tenanted Retail Opportunity (44 x Shops/NAI+-R900k | Potential R1.1 mil pa)
Tenanted Retail Investment Opportunity – 44 Shops- Net Annual Income: ± R900,000 | Potential Upside: ± R1.1 million
This well-maintained, single-storey retail centre is strategically located between two major arterial routes — Woburn Avenue and Cranbourne Avenue — in the heart of Benoni’s vibrant CBD. Benefiting from high pedestrian footfall and consistent trading activity, the centre currently has an occupancy of 84.38%.
A unique feature of the property is its iconic “Lane of Fame” precinct, which was once home to the legendary Aquarius Restaurant — a renowned dining destination frequented by many well-known personalities. Today, the Lane of Fame preserves a collection of celebrity autographs, handprints, and footprints, commemorating the figures who once visited this landmark location.
Investment Highlights:
• Total Erf Size: 4,284m²
• Gross Lettable Area (GLA): ± 3,100m²(Current Occupancy: 84.38%)
• Total Shops: 44
• Gross Annual Income: ± R1.65 million
• Current Net Annual Income: ± R900,000
• Projected Net Income at Full Occupancy: ± R1.1 million
• Long-standing Tenants at Below Market Related Rentals
• Excellent Visibility in a Busy Commercial & Residential Node
• High Foot Traffic with Strong Trading Activity
For a comprehensive investor pack, including the tenancy schedule, income breakdown, and operating expenses, please contact the mandated broker.
Location Overview:
Benoni is a well-established and in-demand node with full municipal services and excellent accessibility. The property is conveniently situated near key public and commercial amenities, including the Benoni SAPS, Magistrate’s Court, Netcare Lakeview Hospital, Life Glynview and Glynwood Hospitals, Taxi Ranks, the Department of Home Affairs, the Licensing Department, and Lakeside Mall.The site offers excellent access via Bunyan Street, Tom Jones Street, and the nearby N12 highway — ensuring maximum exposure and convenience for tenants and customers alike.
This property is ideal for investors seeking a well-positioned, income-generating retail asset with solid fundamentals and strong vacancy upside potential.
This well-maintained, single-storey retail centre is strategically located between two major arterial routes — Woburn Avenue and Cranbourne Avenue — in the heart of Benoni’s vibrant CBD. Benefiting from high pedestrian footfall and consistent trading activity, the centre currently has an occupancy of 84.38%.
A unique feature of the property is its iconic “Lane of Fame” precinct, which was once home to the legendary Aquarius Restaurant — a renowned dining destination frequented by many well-known personalities. Today, the Lane of Fame preserves a collection of celebrity autographs, handprints, and footprints, commemorating the figures who once visited this landmark location.
Investment Highlights:
• Total Erf Size: 4,284m²
• Gross Lettable Area (GLA): ± 3,100m²(Current Occupancy: 84.38%)
• Total Shops: 44
• Gross Annual Income: ± R1.65 million
• Current Net Annual Income: ± R900,000
• Projected Net Income at Full Occupancy: ± R1.1 million
• Long-standing Tenants at Below Market Related Rentals
• Excellent Visibility in a Busy Commercial & Residential Node
• High Foot Traffic with Strong Trading Activity
For a comprehensive investor pack, including the tenancy schedule, income breakdown, and operating expenses, please contact the mandated broker.
Location Overview:
Benoni is a well-established and in-demand node with full municipal services and excellent accessibility. The property is conveniently situated near key public and commercial amenities, including the Benoni SAPS, Magistrate’s Court, Netcare Lakeview Hospital, Life Glynview and Glynwood Hospitals, Taxi Ranks, the Department of Home Affairs, the Licensing Department, and Lakeside Mall.The site offers excellent access via Bunyan Street, Tom Jones Street, and the nearby N12 highway — ensuring maximum exposure and convenience for tenants and customers alike.
This property is ideal for investors seeking a well-positioned, income-generating retail asset with solid fundamentals and strong vacancy upside potential.
Features
Building Name
CRANBOURNE CENTRE
Zoning
Mixed Use
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
3,100m²
Land Size
4,284m²
STREET MAP
STREET VIEW
