by In2assets  |   December 2, 2022

Tenanted Investment Property in Morningside

In2assets will be auctioning a tenanted commercial property at 45/53 Earl Haig Road in Morningside on December 8 at 11am.

The auction will take place at the Mount Edgecombe Country Club.

This prime commercial property occupies a prominent position on the corner of Earl Haig and Hendry Roads. 

Earl Haig Road links to Springfield Road. Springfield Road links with the M17 (Sandile Thusi Road) to the east and to the M10 (Alpine Road via Hendry Road) to the West. 

The property is in close proximity to all necessary amenities such as public transport facilities, schools, institutional centres, entertainment and shopping centres.

This prime corner property offers a small commercial centre comprising ground floor shops, a first floor flat as well as a basement-level workshop and storage areas. 

The basement level comprises a small workshop area with an ablution facility and kitchenette. There are also ± 6 storerooms and communal ablutions located on this level. 

The ground floor consists of a total of six retail premises. Two units are located along Hendry Road and are occupied by a barbershop and salon. A superette occupies the corner retail unit. The three units situated along Earl Haig Road are occupied by a security clothing store, a dentist and laundromat. All the units are made up of front retail areas with a rear storeroom with the exception of the superette which also has a kitchen. 

The first floor hosts a flat which comprises three bedrooms and two bathrooms and a balcony.

The property is currently fully tenanted and generates a gross annual income of ± R700K.

For more information, please contact Muhammad Ali on 079 458 4256 or 031 574 7600 or email