Shopping Centers for sale in South Africa

Review title, zoning, servitudes, access, parking rights and approved plans for the full center. Check restrictions affecting signage, trading, expansion or tenant mix, together with any shared access or infrastructure agreements with neighbouring landowners.

Abstract every lease and amendment for rent, escalation, recoveries, expiry, options, deposits, guarantees, exclusivity and change-of-control terms. Identify unsigned leases, side letters, disputes and landlord obligations not reflected in the seller's rent roll.

Reconcile billed rent and recoveries to leases, tenant ledgers, VAT records and bank receipts. Deduct vacancies, arrears, incentives, unrecovered utilities, management and maintenance, and normalise temporary income from turnover rent or once-off settlements.

Measure income, footfall and smaller-tenant dependence on each anchor. Review break rights, renewal dates, arrears and store performance, and model the leasing cost, downtime and rent impact if a major tenant leaves.

Review rates, utilities, security, cleaning, insurance and maintenance alongside roof, parking, lifts, HVAC, fire systems and backup power. Check municipal accounts, service contracts and planned refurbishments, then allocate tenant-recoverable and landlord-only costs correctly.

Confirm occupancy and fire documentation, evacuation plans, accessibility, incident logs and inspection records. Review public-liability claims, security events and contractor controls, and verify that current layouts and tenant alterations match approved building plans.