Investment property with Blue Chip Corporate longstanding lease in place for ...

Morningside, Durban, KwaZulu-Natal
ID 1320119

Property features

R32 000 000
Rates R48252 pm

Property Details

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