Park Village Auctions (PVA) have been instructed to auction a versatile retail and commercial property in Isando.
PVA’s Stephen Benjamin says it 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 has open-plan office space as well as kitchens and ladies and gents 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 in “excellent” condition. The property is on a 1 024m² corner stand. Under roof, it measures 2 000m² of which 1 824m² is gross leasable area.
Benjamin said: “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 (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 has state of the art security. The entrance opens onto Kram and Monteer streets in a busy retail and commercial node in Isando in the heart of the East Rand’s industrial hub.”
Isando is between Spartan, Sebenza, Jet Park and OR Tambo Airport.
When and where:
The property will be auctioned on-site on Thursday, February 22 at 12pm.
Viewing can be arranged by contacting Stephen Benjamin on 082-577-9737 and is by appointment only.
More information on Park Village Auctions’ website, parkvillageauctions.co.za using web reference 16796 or calling PVA on 087-160-0521 or 011-440- 6797.