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News article

Randburg Retail Property for Rent

Published: 15 May 2018

Retail Property for Rent Opportunities in Upmarket Areas of Gauteng

 

The residential profiles of Randburg, Centurion, Sandton, and Edenvale suggest that the average shopper in the areas are more affluent. As such, if you are looking for retail property for rent, it makes sense to shop for space in, near, or within reach of the Randburg, Sandton, Edenvale, and Centurion residential areas. We briefly look at retail property for rent in the more affluent areas such as, Edenvale, Centurion, and Sandton, that forms part of our portfolio of retail property for rent in Gauteng, giving you an indication of what is available.

 

Centurion Mall

 

Located within a short walking distance of the Gautrain station, Centurion Mall in the heart of Centurion’s CBD offers quality retail property for rent. The mall’s location within easy reach of the N1 freeway that links Centurion with Randburg and other northern suburbs of Johannesburg, as well as the nearby Gautrain Station, make it possible for the mall to attract shoppers far and wide. The mall covers 115 300 m2 and boasts a distinctly modern character. It is one of the oldest shopping facilities in Centurion but being completely revamped; its architectural style is modern and hip. The mall has already been upgraded to ensure more parking space and to cater to the shopping needs of contemporary families. The new atriums and numerous restaurants add to its popularity amongst businesspeople as well. With the location of retail property for rent always being an important consideration, you will appreciate the location of Centurion Mall near various office parks, sports facilities, and upmarket residential areas.

 

Shoppers come from Living Standards Measure (LSM) 8-10 income group, with the average household size being 3,2, and with 1,8 income earners per household. The average income per household is R30 000 per month, ensuring that retailers can offer luxury goods such as furniture, clothing, sports equipment, electronics, music, and entertainment. Shoppers have good buying power, and with shoppers from other parts of Gauteng such as Randburg, Midrand, Pretoria, and Sandton also visiting the mall from time to time, prospective tenants of retail property for rent can be assured that shoppers have sufficient spending power.

 

Centurion Mall has over 200 retail stores, providing the variety needed to attract large numbers of visitors. Among the many anchor tenants are Edgars, Checkers Hyper, Woolworths, Pick n Pay, Dis-Chem, and Game. Numerous restaurants, banks, fast-food outlets, and entertainment providers form part of the balanced tenant mix. If you are looking for retail property for rent in Gauteng, consider Centurion Mall with its average annual foot count of 1 172 311,33. With it being a super mall, it attracts visitors as far as Randburg, Midrand, Pretoria, and Sandton.

 

Benmore Gardens Shopping Centre

 

Also able to attract shoppers from Randburg, Benmore Gardens is the centre to consider if you want retail property for rent in a luxury mall that also caters to the day-to-day shopping needs of consumers. The shopping centre has a central location, ensuring that people who work in Sandton, but live in Randburg (or vice versa), can do their quick and convenient shopping at this modern mall. Of course, with its many restaurants, the mall also caters to the entertainment needs of consumers. Woolworths, Dis-Chem, and Pick n Pay are among the anchor tenants, providing for regular foot traffic. It has good trading hours, three parking decks, and parking for 1000 vehicles at a time. The mall also has good security that includes electronic surveillance, access booms, and security patrols.

 

Stoneridge Shopping Centre

 

Located in Edenvale, Johannesburg, it is perhaps less frequented by residents from Randburg, but it is a mall worth considering if you are looking for quality retail property for rent. Free parking is offered, adding to the convenience profile of the shopping centre. It features anchor tenants such as Virgin Active, SUPERSPAR and Fruit & Veg Food Lover’s Market. The centre is next to Modderfontein and Hereford roads, with good accessibility to the N1 and N3 highways. It is within close proximity to upmarket residential estates, catering for shoppers from the higher income groups. The centre is also situated near the Longmeadow Business Estate and the Greenstone Hill business area.

 

If you are looking for retail property for rent within Gauteng catering to the shopping needs of residents from Centurion, Edenvale, Sandton, or even Randburg, you will appreciate our extensive retail property portfolio.

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