Sunward Centre, Boksburg
A minor upgrade of R5m was recently completed at the Sunward Park Shopping centre in Boksburg. The upgrade included the introduction of an Ackermans store into the tenant mix, and in addition, there was a general upgrade of mall finishes, shopfronts and ablutions.
| ADDRESS | Kingfisher Rd, Sunward Park, Boksburg |
| DESCRIPTION | Erven 321-323, 325-327, Portion 1 of 348 and 2422 |
| PROPERTY TYPE | Retail |
| INDEPENDENT VALUATION | R106,400,000 on 31 March 2010 |
| CARRYING VALUE | R106,400,000 |
| MAIN TENANTS | Pick n Pay, Spar, Clicks, Ackermans |
| GROSS LETTABLE AREA | 12,031m² |
| CURRENT VACANCY | 1.50% |
| LEASE EXPIRY |
Year ending March 2008 - 0.4% Year ending March 2009 - 22.8% Year ending March 2010 - 35.9% Year ending March 2011 - 9.0% Year ending March 2012+ - 30.9% |
| RENTAL AVERAGE | R75.14 |
| ESCALATION AVERAGE | 0.00% |
