A well located landmark, residential and commercial building, situated at the heart of Old Main Road- Isipingo Rail- known as Palm Centre (in extent of 2023 sqm).
The building comprises of 14 well appointed residential flats:
-12 two bedroom flats (86 sqm- 112 sqm per unit)
-2 three bedroom flats (126 sqm per unit)
– parking bays for each flat
The commercial portion consists of 7 shops, with a flagship lease of Marshall Sports Betting, as the anchor tenant. The remaining portion is occupied by a pharmacist, hardware, liquor retail store, and finance house. The building has ample parking space. The current income of the commercial portion is R91 000.
The building is currently marketed as a whole, attractive for an investor or large institution requiring specialised usage.
Individual units of flats or commercial space can be purchased separately, as the sectional register is opened.
The monthly rates is R14 421.
Auction closes 14 August 2019.