NEW
7,796m² Investment For Sale in Welkom Central
POA
High Park Building None None
Web Ref
CL35011
On Auction 01 July | Value-Add Retail Investment Anchored by Standard Bank | GAI ± R5.4 Million
On Auction 01 July | Value-Add Retail Investment Anchored by Standard Bank | GAI ± R5.4 Million
This prominent multi-tenanted retail and commercial property comprises a Gross Lettable Area (GLA) of approximately 7,796m² situated on an erf measuring approximately 6,290m². Strategically positioned within an established commercial node in the Welkom CBD, the property enjoys excellent exposure along the busy Stateway (R73) corridor, with additional frontage and accessibility from Bok Street and Mooi Street.
Anchored by Standard Bank, the property offers a strong underlying tenant profile together with substantial value-add potential. The asset is currently approximately 35% occupied, presenting investors with a compelling opportunity to increase occupancy levels, enhance rental income and improve overall asset performance over time.
The existing tenancy profile currently generates a gross annual income of approximately R5.414 million, providing immediate cash flow together with meaningful future upside through the leasing of vacant space.
The property benefits from excellent visibility, strong pedestrian and vehicular exposure, and convenient accessibility for both customers and tenants. The surrounding area is well supported by a range of retail, commercial and lifestyle amenities, including shopping centres, restaurants, medical facilities and public transport infrastructure, supporting sustained tenant demand within the node.
Additional improvements include approximately 78 secure covered parking bays for tenants, together with ample open customer parking on site, enhancing convenience and supporting the property’s retail functionality. The flexible layout accommodates a variety of retail and commercial users, further strengthening the property’s long-term leasing appeal.
This well-positioned retail investment combines existing income, strong exposure and significant leasing upside, making it an attractive opportunity within one of Welkom’s established commercial precincts.
Property Highlights:
• GLA: ±7,796m²
• Erf Size: ±6,290m²
• Anchored by Standard Bank
• Gross Annual Income: ±R5.414 million
• Approximately 35% occupied
• Significant vacancy and leasing upside
• Excellent exposure along Stateway (R73)
• 78 secure covered parking bays
• Ample open customer parking
• Well-positioned multi-tenanted retail investment
Contact the broker for a detailed investor pack.
This prominent multi-tenanted retail and commercial property comprises a Gross Lettable Area (GLA) of approximately 7,796m² situated on an erf measuring approximately 6,290m². Strategically positioned within an established commercial node in the Welkom CBD, the property enjoys excellent exposure along the busy Stateway (R73) corridor, with additional frontage and accessibility from Bok Street and Mooi Street.
Anchored by Standard Bank, the property offers a strong underlying tenant profile together with substantial value-add potential. The asset is currently approximately 35% occupied, presenting investors with a compelling opportunity to increase occupancy levels, enhance rental income and improve overall asset performance over time.
The existing tenancy profile currently generates a gross annual income of approximately R5.414 million, providing immediate cash flow together with meaningful future upside through the leasing of vacant space.
The property benefits from excellent visibility, strong pedestrian and vehicular exposure, and convenient accessibility for both customers and tenants. The surrounding area is well supported by a range of retail, commercial and lifestyle amenities, including shopping centres, restaurants, medical facilities and public transport infrastructure, supporting sustained tenant demand within the node.
Additional improvements include approximately 78 secure covered parking bays for tenants, together with ample open customer parking on site, enhancing convenience and supporting the property’s retail functionality. The flexible layout accommodates a variety of retail and commercial users, further strengthening the property’s long-term leasing appeal.
This well-positioned retail investment combines existing income, strong exposure and significant leasing upside, making it an attractive opportunity within one of Welkom’s established commercial precincts.
Property Highlights:
• GLA: ±7,796m²
• Erf Size: ±6,290m²
• Anchored by Standard Bank
• Gross Annual Income: ±R5.414 million
• Approximately 35% occupied
• Significant vacancy and leasing upside
• Excellent exposure along Stateway (R73)
• 78 secure covered parking bays
• Ample open customer parking
• Well-positioned multi-tenanted retail investment
Contact the broker for a detailed investor pack.
Features
Building Name
High Park Building
Zoning
Retail
Title
Freehold
Exterior
Security
No
Parking Bays
Covered Parkings
78
Sizes
Floor Size
7,796m²
Land Size
6,290m²
