748 m² Commercial space in Observatory

SOLE MANDATE Waverley Business Park is a highly sought-after commercial hub, popular with both owner-occupiers and investors. This 748 m² double-storey sectional title has a ground floor measuring 539 sqm and a mezzanine floor of 239sqm. Included in this space is a 280 sqm double volume area, with vehicle access from the rear and the front of the building.

This unit is one of the largest available within the well-established Waverley Business Park.

Currently, this property is a fully operational, world-class production facility. The space has been designed to accommodate a wide range of audiovisual and recording needs.

However, this property can easily be converted to offices and double volume storage area.

Features

High-speed data lines

Mixed-use 2 zoning

Generator

Double doors at the rear of the building.

2 dedicated parking bays in front of the unit

Reception area

Double volume 280 sqm area

Several offices and board room upstairs

Large Storeroom

Toilets

Kitchen facilities

A soundproof office

INVESTMENT POTENTIAL FOR:

1 Production companies:

This is a functional studio that is plug and play, for any film and TV production business, Creative & Media Agencies, digital marketing agencies, or sound engineering firms, with high infrastructure such as:

Production floor of 280 sqm, with an infinity green screen

Acoustically treated live vocal room

2Commercial Property Investors

Buy-to-Let Investors: The park has a high demand for space and attracts quality tenants including national brands and international corporates, with competitive rentals around R135 per sqm

3 Tech & Professional Service Firms

FinTech & MedTech Startups: The park is specifically noted as a hub for those in the IT and technology industries.

4 Educational Institutions: The MU2 zoning allows for educational use, and institutions have previously occupied the park.

5 Training Centres: The property can often be retrofitted with classrooms and auditoriums, making them ideal for corporate training or private colleges.

Why this location is attractive:

Strategic Access: It is positioned on the border of Mowbray and Observatory, providing easy access to the N1, N2, M3 and M5 highways.

Security: The park features 24-hour surveillance, access control, and secure parking.

Public transport: Easy access to public transport, including a short walk to Observatory Train Station

Location: Close to the University of Cape Town and Groote Schuur Hospital

Price is R7 500 000. 00 ex VAT. No transfer duty

Levy R 14,600 pm ex VAT

Rates R5 500 pm

For more information or to arrange a viewing, contact Frances to discuss this property or any of your industrial, commercial, or retail property requirements.

Frances Gray-Mnukwana is a representative of Real Estate Power CC, trading as REAL REALTY