
Roodepoort Hyperama
A R37m redevelopment of the 14th Avenue Precinct at Roodepoort was undertaken in 2007, with a first year return on investment of approximately 10.5%. The redevelopment included a complete mall upgrade and the redevelopment and extension of line shops supporting the Checkers Hyper. The redevelopment has addressed the entire façade of the building, added new entrances, and realigned the main boulevard through the parking area. A number of new line shops have also been introduced, including a 1,000sqm First National Bank, Post Office, Checkers Liquors, Simply Shoes, a new look Wimpy, and a number of service related tenancies.
| ADDRESS | Hendrik Potgieter, Roodepoort |
| DESCRIPTION | Erven 769, 770 and remaining extent of Erf 883 Constantia Kloof Ext 6 Township |
| PROPERTY TYPE | Retail |
| INDEPENDENT VALUATION | R152,000,000 on 31 March 2010 |
| CARRYING VALUE | R152,000,000 |
| MAIN TENANTS | Checkers Hyper |
| GROSS LETTABLE AREA | 20,762m² |
| CURRENT VACANCY | 0.00% |
| LEASE EXPIRY |
Year ending March 2009 - 0% Year ending March 2010 - 7.2% Year ending March 2011 - 6.3% Year ending March 2012 - 1.6% Year ending March 2013+ - 71.6% |
| RENTAL AVERAGE | R51.48 |
| ESCALATION AVERAGE | 7.00% |
