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%

ACUCAP PROPERTIES LIMITED
REG NO.
JSE CODE
ISIN
2001/021725/06
ACP
ZAE 000037651
TEL.
FAX.
EMAIL.
+27 (0)21 702 2745
+27 (0)21 702 2738
INFO@ACUCAP.CO.ZA
REGISTERED OFFICE
 
 
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WESTLAKE DRIVE, WESTLAKE, CAPE TOWN
PO BOX 31079, TOKAI, 7966