Commercial property for sale in Observatory

Description

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... 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 2)Commercial 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 Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#486710573","type":"c"}));

What we know about this property

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Portal facts

Levies

R 14 600

Erf Size

539 m²

Floor Size

748 m²

Listing Date

26 March 2026

Listing Number

117067362

Rates and Taxes

R 5 500

Type of Property

Commercial Property