748 m² Commercial space in Observatory
Observatory, Southern Suburbs, Western Cape
Lettable area read from the listing title — the lister did not state a figure. Confirm on inspection.
Listed by
Frances Gray-Mnukwana
Real Realty
Details
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.FeaturesHigh-speed data linesMixed-use 2 zoningGeneratorDouble doors at the rear of the building.2 dedicated parking bays in front of the unitReception areaDouble volume 280 sqm areaSeveral offices and board room upstairsLarge StoreroomToiletsKitchen facilitiesA soundproof officeINVESTMENT 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 screenAcoustically treated live vocal room2Commercial Property InvestorsBuy-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 sqm3 Tech & Professional Service FirmsFinTech & 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 StationLocation: Close to the University of Cape Town and Groote Schuur HospitalPrice is R7 500 000. 00 ex VAT. No transfer dutyLevy R 14,600 pm ex VATRates R5 500 pmFor 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
Location
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