3 959 m² Retail Space in Witbank Central

PRIME INVESTMENT OPPORTUNITY PICK n PAY ANCHOR PROPERTY

An exceptional going concern investment opportunity anchored by a longestablished Pick n Pay, operating since 1958 and under the same ownership for 7 years. This wellpositioned asset offers strong rental income, diversified revenue streams, and longterm sustainability, making it ideal for seasoned investors, institutional buyers, or owneroperators.

OPTION 1: BUILDING & BUSINESS SALE

PROPERTY COMPONENT

7 Retail Stores bulk metered

Pick n Pay Anchor Tenant

7 Residential Flats:

2 Twobedroom units

5 Onebedroom units

All flats fitted with prepaid electricity meters

ADDITIONAL FEATURES

5 ATMs on site

FNB

ABSA

Capitec

Nedbank

Owneroperated ATM

Bulk electricity meter for shops

Prepaid meters for residential units

OPTION 2: BUSINESS SALE ONLY NO BUILDING

PICK n PAY BUSINESS PERFORMANCE

Monthly Turnover: R7.5 million

Commission: 2.5 of turnover

Purchase Price Pick n Pay Business: R15 million

BOTTLE STORE

Monthly Turnover: R1.5 million

RECENT CAPITAL INVESTMENT 2025

New commercial fridges installed: R2.5 million

New glass shopfronts installed: R1 million

ROYALTIES STRUCTURE

Standard royalty: 4

6 rebate granted on each purchase, effectively enhancing margins

FINANCIAL SUMMARY

Asking Price: R16,800,000 VAT

Selling as a Going Concern

RENTAL INCOME

Pick n Pay & Bottle Store Rental: R270,000 incl. VAT

Total Monthly Rental Income: R395,000 incl. VAT

SECURITY & OPERATIONS

Security:

2 Night guards

Monthly cost: R20,000

Managed by Asadan Security monthtomonth contract

Alarm System: CSC Alarm

Insurance: Santam

MUNICIPAL & SERVICES

Rates and taxes payable

Bulk metered retail component

Prepaid electricity for residential units

INVESTMENT HIGHLIGHTS

Proven trading history since 1958

Strong national anchor tenant Pick n Pay

Multiple income streams retail, residential, ATMs

Recent capital upgrades completed

Excellent hedge against inflation

Flexible acquisition options business only or building business

STRATEGIC INTEREST

African Alliance has been identified as a potential interested buyer

CONCLUSION

This is a rare opportunity to acquire a wellestablished, incomeproducing retail asset with a trusted national brand, stable cash flow, and upside potential. Whether acquired as a full property investment or businessonly transaction, this offering represents longterm value and security.

Further financials and supporting documentation available on request.