Retail Properties to Rent

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Retail Properties to Rent

2016-09-09

Retail Properties at Coastal Regions Benefit from Holiday Visitor Traffic

With a growing population, higher incomes and the trend of urbanisation, more and more shopping centres are opening across the country. Businesses, however, looking to expand their markets outside the well-known malls are looking for affordable retail properties to rent in smaller towns, outskirts of the cities, and coastal areas.

Some of the malls in coastal towns offering a superb blend of tenants, excellent shopping facilities and the visitor volumes to sustain and growth retail are briefly introduced below.

The Mall @ Scottsville in Pietermaritzburg

Many entrepreneurs and franchisees are looking for retail properties to rent in the more upmarket community centred malls of Pietermaritzburg. The trend can be attributed to the growing demand of shoppers to have conveniently located physical stores in centres where they have from banks to restaurants, entertainment and grocery stores together.

The Mall @ Scottsville, in the Scottsville region, has over the years expanded its facilities to ensure that shopper needs can be met and now offers a total of 40 stores. Anchor tenants range from Food Lover’s Market to Checkers, while it also has Just Gym as a specialised service provider. People from the community shop at the mall to avoid the overcrowded larger malls in the city and the traffic congestion associated with street shopping. The mall offers numerous entrances and has basement parking in addition to open air parking.

Langeberg Mall in Mossel Bay

Though the December holiday season is exceptionally beneficial to the Mossel Bay retailers with a rather slow sales time from January to March, the April, July and October holidays make up for the slow periods experienced. However, with a thriving seaside community, the Langeberg Mall has a steady flow of visitors. It is located near Hartenbos and Bayside and is also frequented by retirees.

Boasting on average more than 360 000 shoppers a month, it is one of the malls at the seaside where it is certainly worth enquiring about retail properties to rent.

The tenant mix has been carefully selected to guarantee stable anchor tenants to drive traffic, while it is also known for its restaurants, gift stores, bank facilities and clothing stores. Langeberg is completely wheelchair friendly and offers parking for 500 vehicles in secure covered bays and an additional 1 200 parking bays outdoors with nine parking bays reserved for disabled shoppers.

Mossel Bay is known for its commitment to eco-friendly tourism and building practices.

Shoprite Park in Cape Town

Located in the northern suburb of Parow in Cape Town, Shoprite Park offers a wide range of retail properties to rent with the Shoprite Superstore in addition to Food Lover’s Market being top anchor tenants. This ensures a daily steady flow of visitor traffic. In addition, the mall has a China Town zone, which caters for bargain shopping.

The centre was recently renovated and now boasts a brand new look. Located at 262 Voortrekker Road, it remains a favourite shopping centre for the residents from Parow, because of its central location and wide range of shops.

Shelly Beach’s Southcoast Mall

The upmarket Southcoast Mall offers affordable retail properties to rent. With the South Coast being a favourite holiday region, the mall benefits especially from the April, July, October and December holiday traffic. During the slower periods, the retailers cater to the shopping needs of local residents from Shelly Beach, St Michaels On Sea, Margate, Ramsgate and surrounds.

It boasts superb accessibility from the N2 and with over 34 000sqm of retail space, the mall, which has been operational since 2005, offers 50 retail units. Tenants benefit from the daily visitor traffic to Checkers, Game and Builders Express.

Redefine has an extensive range of retail properties to rent, ranging from inland properties such as Centurion Mall and The Boulders in Midrand to smaller centres in Pretoria, including the likes of Moreleta Plaza, Benmore Gardens in Sandton, as well as various coastal shopping centres.

Although the coastal malls in smaller towns such as Shelly Beach and Mossel Bay have low seasons, the malls also benefit from the exceptionally high seasonal traffic and thus peak periods for retail, making the centres popular among smaller retailers.