449m² Retail For Sale in Morningside

R32,000,000

Web Ref No CL4408

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

Features

Open Parkings 58
Zoning Commercial
Monthly Rates R48,252.40pm Excl. VAT
Floor Size 449m²
Land Size 1,114m²
Power 3 Phase Yes
Power Amps 100
Air Conditioning Yes