59 Terrace Road · Property Auction

Analysis

Improvements

The Terraces Shopping Centre | Edenvale, Johannesburg | On Auction 25 November 2026 The Terraces Shopping Centre is a fully let neighbourhood convenience centre in the heart of Eden Glen, Edenvale. Set on a prominent corner with strong street frontage, pylon signage and ample on-site parking, the centre has served the surrounding suburb for years and is woven into the daily routine of the local community. THE INCOME Gross annual income of approx. R2,84m, generated by a stable base of tenants that trade on everyday needs rather than discretionary spend. THE TENANT MIX A service-based line-up that brings residents back week after week: a well-known pub and restaurant anchor, further restaurants, a sushi outlet, butchery, barber, spa and cellular store. These are services people use in person, close to home, which keeps the centre busy and resilient. A LOYAL LOCAL CUSTOMER BASE Eden Glen is an established, family residential suburb. The centre sits within walking and short driving distance of thousands of homes, schools and nurseries, giving it a captive, repeat customer base that larger regional malls cannot easily draw away. THE PROPERTY - Freehold, Erf 757 Edenglen Ext 7, Ekurhuleni - Erf size: approx. 3 889 m² - GLA: approx. 1 347 m² - Single-storey, L-shaped centre with covered walkways and outdoor seating terraces - Business 2 zoning, with two storeys permitted - Secure palisade perimeter and on-site parking THE LOCATION Easy access to Modderfontein Road, the R24 and the N3, with O.R. Tambo International Airport and Greenstone Shopping Centre a short drive away. AUCTION DETAILS Date: Wednesday, 25 November 2026 Time: 12PM Venue: The Wanderers Golf Club, Illovo Buyer's commission: 10% of the purchase price plus VAT Bidder registration and FICA documents required before the auction. A full information pack is available on request. Contact: Timothy Counsell Matthew Counsell Broll Auctions and Sales