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 m²

Gross Lettable Area GLA: 1 325 m²

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 R132m²

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