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 Wellington’s 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 ±R132/m²)

* 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