Feathercom
Lease portfolio

Lease Intelligence

4 verified · 31 on register
11 lapsed leases
Verified from source
4
On old register
31
Lapsed leases
11
Expiring ≤ 6 mo
8

Lease register

Hyprop Investments

Cape Gate

Express · 118 m² · 5 yr · exp Apr 2031

Verified
CorrectedR112 902 · 8% · TO 5%R98 176 · 7% · 7% excl. cellular

Re-extracted from the signed 2026 lease — corrects the register's R112,902 / 8% to R98,176 / 7%, and the stale 2023 expiry to 2031. Watch the demolition clause and the entity defect.

Basic rent98%
R98 176
R 98 176.00 ... per month plus VAT” · cl 5.1.2
Escalation97%
7%
escalate ... by 7% ... compounded” · cl 5.1.2
Rent / m²
R832
Operating cost
R0
Marketing
R4 909
Lease expiry99%
Apr 2031 · 60 months
a period of 5 (Five) years” · cl 2.1.7
Turnover rent88%
7% excl. cellular
7% of net annual sales (excluding cellular)” · cl 5.5
Deposit96%
R401,405
R 401 405.00 (3 MONTHS FINAL YEAR + SURETY)” · cl 5.6
Surety
Personal, joint & several

Risk register

  • Highcl 24

    Demolition / redevelopment termination on 6 months' notice — no compensation

  • Highcl 15

    Landlord may relocate you on 90 days' notice

  • Highcl 1.2 / cover

    Party identity confused — names Telkom SA SOC + wrong reg numbers

  • Mediumcl 26

    Sweeping liability exclusion, even for landlord's own negligence

Vs. Feathercom standard

  • Escalation: 7%, but opex at 8%
  • Turnover excl. cellular: Yes — best of the four
  • Drafting integrity: Wrong entity / reg no. / stale dates

Lease expiry countdown

ranked soonest first

11 leases have already lapsed — likely trading on holdover. Prioritise renewal or exit.

Occupancy cost ratio

rent ÷ monthly sales · avg 18.6% · 5 distressed

Sample sales shown — type each store's real monthly sales to replace. Verified stores use full occupancy cost; unverified use rent only.

Rsample
38.3%
Distressed
Rsample
31.8%
Distressed
Rsample
30.5%
Distressed
Rsample
27.3%
Distressed
Rsample
22.1%
Distressed
Rsample
17.4%
High
Rsample
17.1%
High
Rsample
16.9%
High
Rsample
16.8%
High
Rsample
16.3%
High
Rsample
12.9%
Watch
Rsample
12%
Watch
Rsample
11.6%
Watch
Rsample
9.7%
Healthy
Rsample
9.1%
Healthy
Rsample
8.5%
Healthy
R
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R
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Bank sureties

guarantees in lieu of cash deposit

Awaiting bank guarantee schedule from finance

When the schedule is provided, each store’s bank surety will appear here — issuing bank, amount, expiry, reference number. Bank guarantees in lieu of cash deposit reduce working-capital tied up in landlord deposits (currently R63 914 to R401 405 per store).

Data goes straight into the Excel export once provided.

The Feathercom standard

Escalation
≤ 7% incl. opex — note 8% is the real norm to push back on
Turnover rent
Excludes cellular; mechanism defined
Demolition / relocation
≥ 6 months' notice, costs covered
Holding-over
≤ 10% escalation
Tenant installation
Contribution requested
Drafting integrity
Correct entity (Reg 2019/424045/07), no stale clauses

Decision-support only — accelerates review, doesn’t replace legal sign-off. Figures excl VAT. Use “Reset demo” to clear test uploads.