1 325 m² Commercial space in Wellington Central

PRIME INVESTMENT OPPORTUNITY MALAN & SMIT ARCADE, WELLINGTON CBD

Price: On Application

Confidential Sale NDA Required Prior to Information Release

Property Overview

A rare opportunity to acquire a landmark commercial investment in the heart of Wellingtons thriving CBD. The Malan & Smit Arcade is a well-established retail and office complex offering a stable income stream, anchored by national and long-standing regional tenants.

Location: 2 Rose Street, Wellington

Erf Size: 2 934 m

Gross Lettable Area (GLA): 1 325 m

Zoning: Business 1 Retail & Office Use

Parking: 12 open bays + 10 covered bays

Tenants: 11 units (including 2 anchor tenants Pepkor & Good Price Store)

Current Gross Monthly Income: R155 000 (VAT Incl.)

Net Operating Income (NOI): R1.18 million per annum (VAT Excl.)

Occupancy: Fully let

Investment Highlights

* Established retail arcade in high foot-traffic area

* Solid tenant mix with long trading history

* Strong rental escalation potential (current leases below market average R132/m)

* Low vacancy risk and consistent cash flow

* Asset value supported by replacement cost exceeding R21 million

* Capital growth potential within a high-demand Boland commercial node

Confidentiality

This property is marketed on a confidential basis. Prospective purchasers will be required to sign a Non-Disclosure Agreement (NDA) before receiving the full financial pack, tenant schedule or valuation summary.

Further Information

Viewings: Strictly by appointment only

Agency: Consensus Properties