Investment property with Blue Chip Corporate longstanding lease in place for sale!

Own a high-profile Morningside High Street investment with steady income and street-front exposure; includes secured FNB tenancy, 665sqm additional leasing area and 58 parking bays.

Here is your chance to own a piece of Morningside’s ‘High Street’ with a secure tenant and available extra leasing space (665sqm) as well as additional bulk.

- Asking price: R32m (ex VAT)

- Current net rental: R1.895m per annum

- Total GLA: 1,114 m2

- FNB GLA 449m2

- First floor and Mezzanine 665sqm available to let

- Total parking bays: 58 bays (Open and Covered)

- Key FNB Lease Details:

Lease expiry: 30th June 2029

Leased area: 449m2

- Power: 3 phase power, 400 volts and 100 amps.

- Additional bulk available : 1 185m2

- Property Rates: R48,252.40 per month

- Special Rates Area (UIP Contribution): R12,434.80 per month

Monthly Costs

Estimated Repayment

R 282,713

TotalR 282,713

* Monthly costs are estimates and should be confirmed with the agent.

Property history

Listed for sale at R32,000,000

07 Aug 2025

Area Overview

Morningside is a prestigious and highly sought-after commercial node in Durban, characterized by its blend of converted residential office spaces, boutique retail strips, and proximity to major transport arteries, making it an ideal location for professional services and hospitality businesses.