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Date: 06/02/2018     Park Village Auctioneers     Auction News

Prime retail and commercial opportunity in Isando on Auction

Prime retail and commercial opportunity in Isando on Auction
This versatile retail and commercial property in Isando will go under PVA’s hammer on the 22nd of February.

Park Village Auctions have been instructed to auction a versatile retail and commercial property in Isando. That’s the word from PVA’s Stephen Benjamin who says that the property represents an excellent investment opportunity for owners to occupy or let the space.

Located at 5 Kram Street, the double storey property comprises six large executive offices, a boardroom, a conference room, a bar area, five walk-in safes, and an elevator. Each floor contains large open-plan office space as well as kitchens and ladies and gent’s toilets.

Notable features and finishes include undercover parking for six cars, a caretaker or guard flatlet, an alarm system, air-conditioning and double-glazed windows throughout the property as well as a flat roof with bitumen which is in “excellent” condition. The property sits astride a 1 024sqm corner stand. Under roof, the property measures 2 000sqm of which 1 824sqm is gross leasable area.

Stephen Benjamin: “This property has everything going for it. It is zoned for business 2 and lends itself to retail or commercial use, making it a viable buy-to-let opportunity.

“Investors will have no trouble finding tenants from a broad spectrum of industries. It could easily accommodate importers, wholesalers, logistics companies, diamond cutting companies, financial institutions (namely a bank or loan company), law or accounting firms, a small clinic, doctors rooms or a dental clinic.

“The building is in excellent condition and boasts state of the art security. The entrance opens onto Kram and Monteer Streets in a busy retail and commercial node in Isando, right in the heart of the East Rand’s industrial hub.”

Isando is centred between Spartan, Sebenza, Jet Park, and OR Tambo International airport. It is easily accessible via the R24 and R21 highways.

The property will be auctioned on-site on Thursday the 22nd of February at 12pm. Viewing can be arranged by contacting Stephen Benjamin on 082 577 9737 and is by appointment only.

More information can be found on Park Village Auctions’ website, using web reference 16796 or calling PVA on 087 160 0521 or 011440 6797

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