Office Space 5 Sunrise Blvd, Fourways, Lonehill

R76 499 808 | 3696 m2 @ R20698 per m2

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Prominent Retail Buildings - Fully Tenanted For Sale - Fourways

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Prime Retail Centre for Sale in Fourways

Location: Corner of Sunrise Boulevard & William Nicol Drive, Fourways, Johannesburg

Gross Lettable Area (GLA): 2,400 square meters

Property Type: Retail

Current Tenants: Supa Quick, Massmart Retail, Tapestry Home Brands (Dial-a-Bed)

Occupancy as of 1 July 2024: 100%

WALE (Weighted Average Lease Expiry) as of 1 July 2024: 2.7 Years

Weighted Average Escalation as of 1 July 2024: 6.5%

Additional Offering: Site to be sold in conjunction with Plastic Land site


Property Overview

This exceptional retail property, located at the prominent intersection of Sunrise Boulevard and William Nicol Drive in Fourways, Johannesburg, offers an unparalleled investment opportunity. Occupied by top-tier tenants such as Supa Quick, Massmart Retail, and Tapestry Home Brands (Dial-a-Bed), this site promises consistent revenue and long-term growth potential.

Key Tenants:

  • Supa Quick: Leading automotive service provider offering tire fitting and maintenance services.
  • Massmart Retail: Renowned retail giant, attracting a wide range of shoppers with their extensive product offerings.
  • Tapestry Home Brands (Dial-a-Bed): Popular home furnishings retailer, catering to the needs of the surrounding community.

Prime Location

Situated along the bustling Sunrise Boulevard, this property enjoys excellent visibility and immediate access to William Nicol Drive, one of Johannesburg's busiest thoroughfares. The strategic location ensures high foot traffic and accessibility, making it a preferred destination for shoppers in the area.

Nearby Comparative Retail Centres:

  • Fourways Crossing
  • Fourways Mall
  • Pineslopes Shopping Centre
  • Leaping Frog Centre

Surrounding Branded Retail:

  • Builders Warehouse
  • McDonald's
  • Hirsch’s
  • Harley Davidson

Investment Highlights

  • 100% Occupancy: Secure and stable income stream with established tenants.
  • WALE of 2.7 Years: Solid lease agreements with attractive terms ensure longevity and financial security.
  • Weighted Average Escalation of 6.5%: Consistent rental growth and profitability.
  • High Visibility Location: Prime position with significant exposure to passing traffic and local consumers.
  • Thriving Retail Environment: Proximity to major retail centres and branded outlets enhances the property's desirability and foot traffic.

Additional Offering

This property is to be sold in conjunction with the adjacent Plastic Land site, presenting a unique opportunity for expanded retail operations or future development.

Ideal Investment Opportunity

This prime retail site is perfectly positioned for investors seeking a lucrative addition to their portfolio. With its outstanding tenant mix, strategic location, and robust financial metrics, this property is set to deliver impressive returns and long-term value appreciation.

Building Description

Prime Retail Centre for Sale: Fourways Boulevard

Location: Fourways Boulevard, Fourways, Johannesburg

Property Type: Retail Centre

Total Gross Lettable Area: 3,696 square meters

Occupancy Rate: 100%


Overview

Fourways Boulevard is a premier retail destination strategically located in the bustling heart of Fourways, Johannesburg. This prime retail centre offers a unique investment opportunity with a 100% occupancy rate, ensuring immediate and substantial returns for discerning investors. Situated in a rapidly growing urban area, Fourways Boulevard provides unparalleled access to a diverse and affluent customer base, making it a magnet for shoppers and retailers alike.

Key Features

  • Strategic Location: Located in the vibrant Fourways precinct, known for its dynamic commercial and residential developments.

  • Total Gross Lettable Area: Approximately 3,696 square meters of high-quality retail space.

  • 100% Occupancy Rate: Fully leased with established tenants, offering stable rental income and strong investment potential.

  • Modern Architecture: Stylish and contemporary design with high visibility and attractive storefronts.

  • Ample Parking: Secure parking facilities with over 200 bays, ensuring convenience for shoppers and tenants.

  • High Foot Traffic: Positioned in a bustling area with consistent foot traffic, boosting tenant sales and satisfaction.

  • Diverse Tenant Mix: A curated mix of renowned retail brands, restaurants, and service providers, attracting a wide range of consumers.

  • Excellent Accessibility: Easy access to major roads and highways, including the N1 and Witkoppen Road, providing seamless connectivity to surrounding areas.

  • Proximity to Key Amenities: Close to major shopping centres, business hubs, schools, and residential communities, enhancing its appeal to shoppers and tenants.

Detailed Property Description

Fourways Boulevard stands as a beacon of retail excellence in one of Johannesburg’s most sought-after locations. Spanning approximately 3,696 square meters of gross lettable area, this retail centre is designed to meet the demands of modern retailing while delivering exceptional returns to investors.

The architectural design of Fourways Boulevard combines contemporary aesthetics with functional spaces, creating an inviting atmosphere for both tenants and shoppers. The retail centre boasts a sleek façade, large glass windows, and prominent signage opportunities, ensuring maximum exposure and visibility from the bustling surrounding streets.

Inside, the centre features a well-planned layout that accommodates a diverse range of tenants, from international retail brands to local boutiques, trendy cafes, and essential services. This diverse tenant mix not only enhances the shopping experience but also ensures a steady stream of foot traffic throughout the year.

Fourways Boulevard is fully occupied, reflecting its popularity and desirability among retailers. The established tenant base provides a robust and predictable income stream, making this an ideal investment for those seeking long-term financial security.

Accessibility is a key advantage of Fourways Boulevard. With its strategic location at the intersection of major thoroughfares, the centre enjoys excellent connectivity to the broader Johannesburg area. Ample parking facilities cater to the convenience of visitors, further enhancing the appeal of the centre.

Additionally, the retail centre benefits from its proximity to a variety of amenities. It is located near major shopping centres like Fourways Mall, schools, residential areas, and business districts, making it a central hub for the local community.

Investment Opportunity

Investing in Fourways Boulevard means securing a foothold in one of Johannesburg's fastest-growing regions. With its full occupancy, strategic location, and impressive tenant mix, this retail centre promises to deliver substantial returns and long-term value appreciation.

Broker Details

Lydon Hanger-Hill, Commercial Property Broker

Lydon Hanger-Hill

M: 076 012 5448

O: 087 234 8000

E: lydonh@anvilproperty.co.za

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