Gauteng Retail Properties to Let2018-01-16
Best Gauteng Retail Properties to Let on the East Rand
We briefly discuss two of the shopping centres on the East Rand in Gauteng where you can find superb retail properties to let.
East Rand Mall in Boksburg
As an iconic shopping mall in Boksburg, the recently revamped East Rand Mall was recently voted the best shopping centre in Ekurhuleni. It is no wonder so many shoppers visit the centre every year. It boasts a well-balanced tenant mix and is one of the most popular malls in Gauteng because of its extensive range of shops. Over 30 new brands are now housed in the mall. If you are looking for retail properties to let in a centre that welcomes new and innovative brands, East Rand Mall should be high on your shortlist.
With the wide variety of stores available at the mall, shoppers have every reason to return frequently. The mall offers just about everything the typical Gauteng shopper needs. Everything from shoe stores and sport retailers to electronics suppliers and fashion outlets form part of the excellent tenant mix. Visitors to the mall can choose from an array of fast-food outlets and restaurants. And with an equally impressive variety of entertainment activities to enjoy, the mall caters to just about any age group.
It is also one of the most ideally located Gauteng shopping malls, offering high-quality retail properties to let. The East Rand Mall is near major routes and with its impressive size, it is usually a destination of choice for visitors to the East Rand in Gauteng. The majority of its shoppers fall in the LSM 7-10 living standards group, with the average household income per family being between R7500 and R30 000. A quarter of the shoppers are young families with an equal split between male and female shoppers, as well as between black and white shoppers. Well-known companies have already made use of the opportunities for retail properties to let in the East Rand Mall. The tenant mix includes major national retailers, such as Mr Price, Woolworths, Edgars, and Foschini, as well as Truworths and other well-established brands.
The East Rand Mall is located a mere 7 km from the O.R. Tambo International Airport, which adds to its attractiveness when considering Gauteng retail properties to let for your particular brand. The mall trading density stands at R35 463 per annum with an annual foot count of 12 million. It has 4460 parking bays and is thus well able to handle exceptionally large numbers of visitors. The mall covers an area of 69 423 m2.
A total of 22% of its regular visitors come from the immediate vicinity within 5 km of the mall, with 34% travelling 5-10 km to shop at the centre, and 44% traveling more than 10 km to do their shopping at. On average, 35 000 shoppers visit the mall daily.
Golden Walk Shopping Centre in the Germiston CBD
If you are looking for Gauteng retail properties to let in Germiston, consider the central location of the Golden Walk Shopping Centre. It is situated in the heart of Germiston’s CBD near a taxi rank. The single-level mall covers 45 123 m2 and caters to the shopping needs of mostly taxi commuters moving through the mall daily. Female shoppers make up 78% of the audience, while male shoppers account for the balance of 22%. The shoppers speak mainly Zulu, Xhosa, and Pedi. Anchor tenants include the leading banks of South Africa, while well-known clothing brands such as Edgars, PQ Clothing, Ackerman’s, Jet, and Mr Price are among the fashion retailers.
Mobile technology providers are also well represented with OK Furniture, Sheet Street, and Beares counting amongst affordable home stores. The mall has 114 tenants, which also include Woolworths, Shoprite, and Pick n Pay as anchor tenants. It has an annual trading density of R26 776/m2 with 14,4 million visitors every year. The majority of the commuters to the mall use taxi services, with about 12% travelling by car. It has 1650 parking bays and a monthly visitor total of 1,2 million.
No doubt, some of the busiest malls in Gauteng offering retail properties to let are located on the East Rand. Download the brochures for the East Rand and Golden Walk shopping centres or contact us to enquire about our range of superb Gauteng retail properties to let.