On Auction - 20 August 2026 - Penny Lane Shopping Centre | Halfway House, Midrand

±2,747m² corner retail centre with prime Old Pretoria Road exposure going under the hammer at The Wanderers Golf Club, Illovo.

Every so often, the auction floor delivers a property where the hard part is already done. A prominent corner site on one of Midrand's busiest arterials, minutes from the N1 Highway, in the proven commercial heartland between Johannesburg and Pretoria with extremely high volumes of passing vehicle and foot traffic on a daily basis. Penny Lane is that property, and on 20 August it finds its next owner.

The fundamentals:
• ±2,747m² under-roof GLA across two erven on a well-configured corner site
• Well-designed, L-Shaped, corner retail centre which is strategically positioned for you to unlock the upside potential that the asset now offers.
• Two entry/exit points (164 & 172 Penny Lane) and ample parking bays for customers.
• Multi-tenanted and flexible layout – current occupants include a pharmacy, betting store and motor spares outlet to name a few

The opportunity: Whilst the property requires a new vision and operational management, it remains a valuable offering for the right buyer. Locations like this can't be created; however, what happens on them can be reimagined. For a hands-on buyer, there is genuine scope to refine the tenant mix, reposition the offering and let the exposure do the rest.

Assets with this exposure, in this node, rarely trade. On 20 August, this one does.

Contact us now to register your participation in this process.