{"id":778626,"date":"2024-06-25T08:30:00","date_gmt":"2024-06-25T06:30:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=778626"},"modified":"2024-06-25T08:48:46","modified_gmt":"2024-06-25T06:48:46","slug":"township-retail-remains-hotly-traded-in-the-south-african-property-market","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/778626\/township-retail-remains-hotly-traded-in-the-south-african-property-market\/","title":{"rendered":"Township retail remains hotly traded in the South African property market"},"content":{"rendered":"\n<p>South Africa\u2019s township retail sector is emerging as a growth engine for the country\u2019s property market as it continues to attract interest from investors.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/onauction.brollauctions.com\/results\/auctions\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=June+2024\" data-type=\"link\" data-id=\"https:\/\/onauction.brollauctions.com\/results\/auctions\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=June+2024\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><a href=\"https:\/\/onauction.brollauctions.com\/results\/auctions\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=June+2024\" data-type=\"link\" data-id=\"https:\/\/onauction.brollauctions.com\/results\/auctions\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=June+2024\" target=\"_blank\" rel=\"noreferrer noopener\">Click here to find your ideal property on Broll&#8217;s digital marketplace.<\/a><\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p>With 3 nationally tenanted township retail centres in addition to prime industrial, small-scale retail, agricultural and office properties on offer, Broll Auctions and Sales expects to see robust action on the bidding floor at their next auction on July 11.<\/p>\n\n\n\n<p>Norman Raad, Broll Auctions and Sales CEO, said momentum had been building at the leading auction house during 2024. <\/p>\n\n\n\n<p>\u201cWe had standing room only at our May auction in Johannesburg and with elections behind the country, and the rand stabilising, July\u2019s auction should show continued growth.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Retail<\/strong><\/h3>\n\n\n\n<p>\u201cWe are expecting a lot of interest in the three township retail properties that we are bringing to market,&#8221; Raad said.<\/p>\n\n\n\n<p>The primely located Lotus Garens Plaza in Pretoria West will go under the hammer. This 5 336m\u00b2 single-storey neighbourhood retail centre serves as a hub of convenience for the local community.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Lotus-Gardens-Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Lotus-Gardens-Plaza-1024x576.jpg\" alt=\"\" class=\"wp-image-778631\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Lotus-Gardens-Plaza-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Lotus-Gardens-Plaza-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Lotus-Gardens-Plaza-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Lotus-Gardens-Plaza.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>Anchored by a substantial 2,934m\u00b2 Shoprite store and complemented by Shoprite Liquors, PEP, various ATMs, and a diverse range of other convenience stores, the centre offers an impressive GAI of over R13 million thanks to its high visibility, accessibility and the high traffic it enjoys from the surrounding neighbourhoods.<\/p>\n\n\n\n<p>A 7&nbsp;500m\u00b2 national anchor retail centre opportunity in Tsakane offers an appealing and dynamic investment, while retail centre Lotus Gardens Plaza in Pretoria, is a comprehensive shopping experience under one roof. <\/p>\n\n\n\n<p>\u201cThis 5&nbsp;300m\u00b2 single-storey centre has diverse tenants and benefits from visibility and accessibility, with foot traffic from the surrounding residential areas.\u201d<\/p>\n\n\n\n<p>In KwaZulu-Natal, a township retail centre on the Pomeroy main road has high foot traffic and visibility. \u201cPomeroy Plaza is the only shopping centre in town meaning this well-maintained centre is a pivotal asset as evidenced by its excellent returns.\u201d<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Pomeroy-Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Pomeroy-Plaza-1024x576.jpg\" alt=\"\" class=\"wp-image-778632\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Pomeroy-Plaza-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Pomeroy-Plaza-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Pomeroy-Plaza-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Pomeroy-Plaza.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>A double-storey mixed-use property in Tongaat presents a \u201clucrative and versatile investment opportunity, with both commercial and residential components enhancing its appeal and income potential,\u201d Raad said. <\/p>\n\n\n\n<p>\u201cThe property, that was recently renovated to give it a modern ambience, generates income from four retail tenants and the residential component adds potential income or accommodation for the owner.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>CBD<\/strong><\/h3>\n\n\n\n<p>In the Johannesburg CBD, five properties will go under the hammer including a 3000m\u00b2 multi-storey retail facility in Marshalltown, with basement parking and a goods lift. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Carltonville.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"574\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Carltonville-1024x574.jpg\" alt=\"\" class=\"wp-image-778629\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Carltonville-1024x574.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Carltonville-300x168.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Carltonville-768x431.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Carltonville.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>A great retail opportunity awaits in the heart of the Carletonville CBD, offering a GLA of 800m\u00b2 with solid national anchor tenants from the Truworths Group.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>KwaZulu-Natal<\/strong><\/h3>\n\n\n\n<p>The largest commercial berry farm in KwaZulu-Natal, is also on auction. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/KZN-Hilton.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/KZN-Hilton-1024x577.jpg\" alt=\"\" class=\"wp-image-778630\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/KZN-Hilton-1024x577.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/KZN-Hilton-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/KZN-Hilton-768x433.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/KZN-Hilton.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>The well-developed BerryGrow blueberry and avocado farm, located within Mount Verde Estate just five kilometres from Hilton, offers \u201can opportunity for an astute investor looking to sow seeds of prosperity in a thriving agricultural setting,\u201d said Raad of the 31 hectare property, which offers urban convenience in a rural environment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Western Cape<\/strong><\/h3>\n\n\n\n<p>In the Western Cape, a rare commercial investment opportunity in the Cape Winelands is looking for a new investor or savvy business owner to take over the mixed-use facility.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Western-Cape.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Western-Cape-1024x576.jpg\" alt=\"\" class=\"wp-image-778633\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Western-Cape-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Western-Cape-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Western-Cape-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/Western-Cape.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p>The 1800m\u00b2 building in the heart of Robertson\u2019s industrial node was previously a production, distribution and retail business but is primed for product lines including fruit, meat, dairy, ice cream, or even a distillery.<\/p>\n\n\n\n<p>\u201cWith a limited supply of similar properties, vacancy levels are low with barely any commercial assets of this kind listed &#8216;for sale&#8217; or &#8216;to let&#8217; on the market, meaning such a dynamic property presents a myriad of possibilities.\u201d<\/p>\n\n\n\n<p>Guests are welcome to attend the auction which will be held at Wanderers Club in Johannesburg on July 11 from noon or follow the action live on <a href=\"http:\/\/www.brollauctions.com?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=June+2024\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>www.brollauctions.com<\/strong><\/a>.<\/p>\n\n\n\n<p>Contact Broll Auctions and Sales on 087&nbsp;700 8289 should you require more information<\/p>\n\n\n\n<p><a href=\"https:\/\/onauction.brollauctions.com\/results\/auctions\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=June+2024\" data-type=\"link\" data-id=\"https:\/\/onauction.brollauctions.com\/results\/auctions\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=June+2024\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to find your ideal property on Broll&#8217;s digital marketplace.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa\u2019s township retail sector is emerging as a growth engine for the country\u2019s property market as it continues to attract interest from investors.<\/p>\n","protected":false},"author":57,"featured_media":770497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[13319,18482],"class_list":["post-778626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-broll","tag-broll-auctions-and-sales"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/778626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=778626"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/778626\/revisions"}],"predecessor-version":[{"id":778693,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/778626\/revisions\/778693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/770497"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=778626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=778626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=778626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}