Retail for sale
Own a high-profile Morningside High Street asset offering steady income and vibrant footfall, anchored by FNB with 665sqm mezzanine to lease 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
Listed for sale at R32,000,000
Morningside is a vibrant and affluent suburb in Durban offering an attractive commercial environment with prime boutique office spaces, bustling retail nodes, and excellent accessibility for businesses targeting an upscale market.
