Retail for sale
Enjoy High Street exposure in Morningside—vibrant retail and cafe precinct with a secure FNB tenant (449m² to 2029), 665m² leasable mezzanine 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 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.
