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R32,000,000

Retail for sale in Morningside

449m²
1,114m²
Investment Property With Blue Chip Corporate Longstanding Lease In Place For Sale!

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

Property Type
Retail
Stand Size
1,114m²
Building Size
449m²
Reference
CL4408
Property history
Listed for sale at R32,000,000
07 Aug 2025
Get to know Morningside
With its ideal location, large Edwardian and Victorian-style homes with tin roofs and wide verandas, and growing foodie-scene Morningside has become a top destination for young professionals and executives.
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