Commercial Property for Sale Wellington Central
Web Ref.
CL11831
Land size
2934.00 m²
Floor size
1325.00 m²
Prime Investment Opportunity - Malan & Smit Arcade, Wellington CBD
POA (Price on Application)
Confidential Sale - NDA(Non Disclosure Agreement) required before information is released.
Property Overview:
The Malan & Smit Arcade is a well established retail and office complex with a stable income generator anchored by long-standing tenants.
- Gross Lettable Area(GLA): approximately 1 325m2
- Zoning: 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: approximately R155 000(VAT Incl)
- Net Operating Income(NOI): approximately 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)
- Low vacancy risk and consistent cashflow
- Asset value supported by replacement cost exceeding R21 million
- Capital growth potential within a high-demand Boland commercial node
This property is marketed on a confidential basis. prospective buyers will be required to sign a Non-Disclosure Agreement(NDA) before receiving the full financial package, tenant schedule or valuation summary.
Call me to arrange a viewing.
POA (Price on Application)
Confidential Sale - NDA(Non Disclosure Agreement) required before information is released.
Property Overview:
The Malan & Smit Arcade is a well established retail and office complex with a stable income generator anchored by long-standing tenants.
- Gross Lettable Area(GLA): approximately 1 325m2
- Zoning: 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: approximately R155 000(VAT Incl)
- Net Operating Income(NOI): approximately 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)
- Low vacancy risk and consistent cashflow
- Asset value supported by replacement cost exceeding R21 million
- Capital growth potential within a high-demand Boland commercial node
This property is marketed on a confidential basis. prospective buyers will be required to sign a Non-Disclosure Agreement(NDA) before receiving the full financial package, tenant schedule or valuation summary.
Call me to arrange a viewing.
Features
Zoning
Sizes
Listing Info
Wellington Central, Wellington
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Just Property website is accurate and up to date, Just Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
