East Rand Value Mall, Boksburg
The R5m refurbishment of walkways, external facades, centre signage and ablutions was completed in November 2008. Concurrent with the refurbishment, a number of long term renewals have been successfully negotiated with the existing anchor tenants, including Sportsmans Warehouse, Toy Zone and Baby City.
| ADDRESS | Rietfontein Road, Hughes, Boksburg |
| DESCRIPTION | Remainder Erf 287 Hughes Extension 17 |
| PROPERTY TYPE | Retail |
| INDEPENDENT VALUATION | R154,800,000 on 31 March 2010 |
| CARRYING VALUE | R154,800,000 |
| MAIN TENANTS | Sportsmans Warehouse, Baby City, Mr Price Weekend Material |
| GROSS LETTABLE AREA | 13,497m² |
| CURRENT VACANCY | 14.80% |
| LEASE EXPIRY |
Year ending March 2008 - 4.1% Year ending March 2009 - 19.4% Year ending March 2010 - 15.2% Year ending March 2011 - 2.4% Year ending March 2012+ - 52.6% |
| RENTAL AVERAGE | R99.14 |
| ESCALATION AVERAGE | 0.00% |
