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R 16 500 000
Commercial Property for Sale in Wellington North
Wellington, Wellington North
Commercial Property for Sale in Wellington North
Wellington, Wellington North
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Commercial Investment Opportunity In Prime Location Of Wellington
MALAN & SMIT ARCADE is well located in Wellington CBD on Church street. The property has excellent visibility and is a well-established retail and office complex offering a stable income stream with long term anchor tenants. A rare opportunity to acquire a landmark commercial investment to add to your portfolio.Well maintained and effectively managed over the years.
Price: VAT Registered
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.
• 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 (secure)
• 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 tenanted
This is an established retail arcade in a high foot-traffic area. It has a solid tenant mix with long trading history that has rental escalation potential.
Give Hanlie's Properties a call for assistance.
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