Commercial property to rent in Observatory

Description

A rare opportunity to lease an entire 4,375m² standalone office building in Observatory, positioned on Fir Street near Liesbeek Parkway. The Media Building is undergoing a planned upgrade and offers a large occupier the opportunity to establish a prominent, self-contained headquarters within one of Cape Town’s most accessible commercial nodes. With refurbishment plans in place, the building presents significant potential for a tenant looking to create a workspace around its own operational, branding and staff requirements. Planned improvements include upgraded shopfronts and new deck areas, positioning the property for a refreshed and distinctive identity. The substantial floor area makes the building particularly well suited to large corporate headquarters, BPO and call centre operations, technology companies, educational institutions and other high-density office... A rare opportunity to lease an entire 4,375m² standalone office building in Observatory, positioned on Fir Street near Liesbeek Parkway. The Media Building is undergoing a planned upgrade and offers a large occupier the opportunity to establish a prominent, self-contained headquarters within one of Cape Town’s most accessible commercial nodes. With refurbishment plans in place, the building presents significant potential for a tenant looking to create a workspace around its own operational, branding and staff requirements. Planned improvements include upgraded shopfronts and new deck areas, positioning the property for a refreshed and distinctive identity. The substantial floor area makes the building particularly well suited to large corporate headquarters, BPO and call centre operations, technology companies, educational institutions and other high-density office users requiring a sizeable standalone facility. Property Features Standalone building: ±4,375m² Gross rental: R240/m² excluding VAT Monthly rental: ±R1,050,000 excluding VAT, parking and applicable levies Availability: 1 November 2026 Parking ratio: 3 bays per 100m² Approximately 131 parking bays available Basement parking: R1,800 per bay Backup generator Fibre connectivity Balcony and planned deck areas Access control Planned building and shopfront upgrades Opportunity for a single occupier to establish a strong corporate presence Prime Observatory Location Located just off Liesbeek Parkway in Observatory, the property provides convenient access to the N2, M3, M5 and surrounding arterial routes, allowing straightforward connectivity to Cape Town CBD, the Southern Suburbs and Cape Town International Airport. Observatory is an established commercial node with access to public transport, nearby retail and amenities, making the location particularly practical for businesses with larger staff complements. The combination of 4,375m² of standalone office accommodation, substantial parking, backup power and planned upgrades makes the Media Building a compelling option for a major occupier seeking a long-term Cape Town headquarters or operational facility. Contact us to arrange a viewing or discuss the planned refurbishment and occupation requirements. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-1249967846","type":"c"}));

What we know about this property

Each attribute shows where it came from and how sure we are. Model-derived attributes arrive as enrichment runs.

Portal facts

Levies

R 1

Zoning

Mixed Use

Erf Size

1 m²

Kitchens

1

Bathrooms

1

Furnished

No

Generator

Yes

Net Price

R 1 021 680

Floor Size

4257 m²

Lease Type

Fully Serviced Lease (Gross Lease)

Board Rooms

1

Gross Price

R 1 072 849

Backup Water

No

Lease Period

Negotiable

Special Levy

R 1

Truck Access

Small Trucks

Building Name

Black River Park Precinct

Natural Light

Yes

Power Details

1

Green Building

Yes

Listing Number

117403914

Multi Tenanted

Yes

Street Address

2 Fir Street, Observatory, Observatory

Internet Access

Fibre

Occupation Date

19 August 2026

Rates and Taxes

R 12

Building Grading

A Grade

Type of Property

Commercial Property

Price Per Parking

R 1 800

Power Availability

Three Phase

Gross Lettable Area

4257 m²

Deposit Requirements

2 months' rental

Office To Warehouse Ratio

1 %