Florida Mall, Florida
Holding Company : 5 Cynthia Road (Pty) Ltd
Current Value : R6,3 million at 15% Capitalisation rate
Opening Date : End 1994
An existing building was purchased in 1994 and converted to accommodate the main Florida Post Office on a 10 year lease. Additional line shops were added to complete the centre which is 3 000m² lettable area.
The Post Office Depot moved into the building in 1997 and with the Post Office now occupy about 80% of the building.
