R 32 000 000

449 m² Commercial space in Morningside

58 1 114 m² 449 m²

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

Here is your chance to own a piece of Morningsides 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 details

Listing number T5182652
Property type Commercial
Listing date 7 Aug 2025
Land size 1 114 m²
Floor size 449 m²
Rates and taxes R 48 252

Property features

Open parking 58