R299,000,000 | 26,447m² Investment For Sale in North Riding

Northlands Corner Shopping Centre is a well-established, fully let mixed-use asset strategically positioned at the highly trafficked intersection of Witkoppen and Newmarket Roads, Northriding. The property benefits from exceptional exposure, strong commuter traffic, and proximity to major residential, industrial and office precincts, including Northriding, Johannesburg North, Fourways, Northlands Deco Park, Northlands Business Park, and the Northlands Industrial Precinct (with ±900,000 m² of built area).

Key Investment Metrics:

• Gross Annual Income (GAI): R35.1 million
• Net Annual Income (NAI): R28.48 million
• Total GLA: 26,447 m²
• Erf Size: 28,055 m²

Property Features:

- 28 Retail Stores | 26 Office Units (including MyFitness Gym)
- Pick n Pay & Berliner Butchery–anchored convenience retail
- Diversified income stream across retail, offices, gym, parking, signage & utilities
- 5-year seller head lease over offices and basements providing income certainty
- Strong rental reversion upside on head-leased offices (Current: ±7,487 m² @ R120/m² Market: ±R250/m²)
- Solar roof rental with integrated power supply and independent utilities management
- Generator backup, borehole, and water storage tanks
- Basement parking and prime signage rights
- Three elevators servicing all floors
- Excellent access, visibility, and ample parking
- Fully occupied with strong tenant retention
- 24-hour on-site security

Tenant Mix & Offerings: The centre serves a broad customer base across multiple LSM segments:

- Anchor Tenant: Pick n Pay
- Food and Beverage: Afric Black, Sogo Sushi, Urban Tadka, Pizza Perfect, Berliner Grill & Deli and Mangkok
- Retail(Convenience and Specialty): Berliner Butchery and Bakery, pharmacy and other line shops / convenience retailers
- Services and Personal Care: Beauty Salons
- Healthcare and Medical: Intercare Northriding Medical Centre, Dentists, Doctors and Physiotherapists

Office Component:

- Regius (HQ Serviced Offices)
- MyFitness Gym
- Wellness Centre
- Northlands Serviced Offices (NSO)

The tenant mix is weighted towards essential retail, food and beverage, healthcare, wellness and fitness offerings, ensuring consistent footfall and resilience across market cycles.

Surrounding Development & Catchment Drivers:

• Northlands Deco Park, Northlands Business Park and Northlands Industrial Precinct (directly opposite): Generating strong daily foot traffic
• Major religious landmarks, including Christian Revival Church (±15,000 m²) and the largest Hindu Temple in Southern Africa under construction.
• Northriding, Johannesburg North and Fourways residential densification, including high-density housing estates along Witkoppen Road

Strategic Advantages:

• Central to thousands of employees in surrounding industrial and office precincts
• Balanced mix of retail, dining, office, wellness, and medical uses
• Positioned to benefit from ongoing commercial and residential densification, employment growth, and sustained footfall

Location & Accessibility:

• Prime, high-exposure corner site on Witkoppen & Newmarket Roads
• Excellent signage opportunities with heavy passing traffic
• Immediate access to major arterial routes
• Elevators to all floors and 24-hour security
• Ample parking for staff and visitors

This asset is ideally suited to private investors, funds, or institutional buyers seeking secure income with embedded growth potential in a high-demand Johannesburg node.

Contact broker for further details and a comprehensive investor pack.