Bidding to start from R8,000,000 | Live Auction: 18 March 2026

This established neighbourhood retail centre is strategically positioned at 129 Princes Avenue, Benoni, directly adjacent to Life Glynnwood Hospital, benefiting from consistent daily foot traffic generated by hospital staff, visitors, and surrounding residential density. The centre is anchored by Chicken Licken, secured on a lease running until October 2028, and features a diversified tenant mix including food retail, liquor, pharmacy, and automotive retail, reducing reliance on a single income stream. The property generates a projected gross annual income of approximately R3,473,883, with key tenants secured through 2028 and 2029, supporting income stability and long-dated lease security. Positioned within a proven convenience retail cluster, including a BP service station and Pick n Pay on the same erf, the asset benefits from shared access, high traffic volumes, and strong neighbourhood trading fundamentals.

Key Features

• National FSR anchor tenant – Chicken Licken (lease to October 2028)

• Projected Gross Annual Income of approximately R3,473,883

• Diversified multi-tenant mix including pharmacy, liquor, and automotive retail

• Long-dated leases extending through 2028 and 2029

• Directly adjacent to Life Glynnwood Hospital and high-density residential node

Located in Benoni, Gauteng, the property benefits from strong residential density, institutional presence including Benoni City Hall and St Francis College, and a built-in consumer base created by surrounding sectional title and rental apartment stock.

Auction Terms and Buyer Info

• Auction Date: 18 March 2026 at 12:00pm

• Auction Location: Killarney Country Club, Johannesburg

• Registration Fee: R50,000 (floor) | R100,000 (online or telephone bidding)

• Buyer’s Premium: 10 percent plus VAT thereon of the bid price

• Confirmation Period: 2 business days

• Balance of Purchase: Payable within 40 business days after acceptance

All bids constitute a legally binding offer. The highest bidder is required to sign the Auction Sale Agreement immediately upon the fall of the hammer. The property is sold voetstoots, as-is, and subject to a reserve price unless otherwise stated.