Property
Description
Property Description
Village Square Neighbourhood Centre is a well-positioned retail investment located at 742 Amandelboom Road, Doornpoort, set on a prominent 8 376 m² corner stand. The centre comprises 13 retail units and is anchored by a Tops Bottle Store, supported by a diverse and complementary tenant mix including food outlets, IT services, restaurants, a car wash, and various service-oriented retailers. The property currently generates a gross annual income of R4 402 019, with a net operating income of R2 674 848, offering investors a stable income-producing asset with established trading activity.
A key value-add opportunity lies in the vacant anchor unit of approximately 1 340 m², which is fully fitted with refrigeration, shelving, and existing cold storage infrastructure. This space is ideally suited for a supermarket or food anchor and presents a significant upside potential of approximately R1 800 000 per annum once tenanted. The ability to unlock this income enhances both the yield and overall capital value of the asset.
The centre benefits from flexible lease structures across existing tenants, many with renewal options in place, providing both income security and future rental growth potential. Additional features include back-up generators ensuring operational continuity, as well as dedicated loading bay access to support efficient tenant logistics
Features
8 376m² Corner-site stand with strong street visibility on Amandelboom Road
13 Lettable retail units with a diversified tenant mix across food, IT, restaurants and a car wash
Anchor tenancy by Tops Bottle Store, contributing the largest single rental line (R 106 842 per month)
Gross annual income of R 4 402 019 and net annual operating income of R 2 674 848
Approximately 1 340m² vacant anchor space, fully fitted with fridges, shelving and existing cold storage
Back-up generator installed, with dedicated loading bay and on-site manager's office
Overall building condition rated Good, including roof, walls, structure, electrical and plumbing
Mixed lease terms with options to extend, providing both income stability and re-letting flexibility
Area Description
Doornpoort is an established residential suburb in the north-east of Tshwane, nestled at the northern foothills of the Magaliesberg mountain range and bordered by the N1 highway to the east and the N4 highway to the north. The suburb is home to roughly 9 000 households spanning middle-income and affluent families, supported by a mature network of schools, churches, medical facilities, retirement estates and neighbourhood retail. Access is a key attribute, with the Zambezi and Doornpoort off-ramps on the N1 providing quick connectivity to the greater Pretoria metropolitan area, and Wonderboom National Airport located immediately to the south of the suburb. For a retail investor, Doornpoort offers a stable, car-orientated customer base within an area that has consistently outperformed neighbouring suburbs in terms of property value growth.
Area Amenitites
Doornpoort Primary School ± 2.0 km
Netcare Montana Hospital ± 3.0 km
Kolonnade Shopping Centre ± 4.0 km
Wonderboom National Airport ± 4.5 km
N1 Highway (Doornpoort off-ramp) ± 2.5 km