248 m² Office Space in Observatory

Prime Investment Opportunity at Waverley Business Park, Mowbray

Projected Yield: 9.5% | Versatile Two-Level Office Unit | Secure Parking

Executive Summary:

This exceptional opportunity offers investors and owner-occupiers the chance to acquire a premium commercial property in the highly sought-after Waverley Business Park, Mowbray. The property features a functional two-level office layout with excellent amenities and dedicated parking, all within a secure and professionally managed business park. With a projected average yield of 9.5%, this unit presents strong investment fundamentals in a high-demand location.

Key Features:

Location:

Situated in Waverley Business Park, one of Mowbrays most established commercial hubs, known for its accessibility and professional environment.

Investment Potential:

Projected average yield of 9.5%.

Ideal for investors seeking stable rental returns or businesses looking to own and occupy their workspace.

Unit Specifications:

Versatile two-level office space designed for maximum usability.

Modern kitchen facilities for staff convenience.

Separate male and female restrooms.

4 secure, allocated garage parking bays.

Business Park Benefits:

24-hour security and controlled access.

Professionally maintained business park setting.

Ample on-site parking for staff and visitors.

Popular with high-quality tenants across various industries.

Flexible unit configurations available across ground, first, and second floors.

Strategic Location & Accessibility:

Waverley Business Park offers exceptional connectivity:

Direct access to Settlers Way (N2).

Walking distance to Observatory (3 min) and Mowbray (7 min) railway stations.

Easy access to N1, Cape Town CBD (8-minute drive), and surrounding suburbs.

Central positioning allows for quick access to all areas across the Cape Peninsula.

Tenant Profile:

Home to a prestigious mix of local and international tenants, including:

Stanford University

Frogfoot Networks

Cape Town College of Fashion Design

Trace TV

Seacom

Okuhle Media

Operation Smile

Cape Town Audio College

Isilumko Staffing

Various media, advertising, and educational institutions.

This diverse and reputable tenant base reflects the parks strong market positioning and long-term leasing stability.

Investment Overview:

29 buildings within the park, offering varied unit sizes and layouts.

Carefully curated tenant mix maintains a strong rental environment.

Rental rates remain competitive, often below comparable alternatives in the area.

The property offers exceptional value, whether for owner-occupation or as part of an investment portfolio.

Conclusion:

This is a rare opportunity to acquire a high-yielding, strategically located commercial asset within a thriving business park. With its strong tenant appeal, flexible layout, and excellent location, this unit is well-positioned for long-term capital appreciation and consistent rental income.