Property Details

539m²

This 539 m2 sectional title unit is one of the largest available within the well-established Waverley Business Park, ideally positioned on the border of Mowbray and Observatory.

Zoning is mixed-use 2.

Waverley Business Park is a highly sought-after commercial hub, popular with both owner-occupiers and investors.

The park offers 24-hour security and surveillance, ensuring a safe and secure working environment, along with ample on-site parking for staff and visitors.

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
2 dedicated parking bays in front of the unit
Plenty of visitor parking
Reception area
Double volume 280 sqm area
Several offices and board room upstairs
Large Storeroom
Toilets
Kitchen facilities
A soundproof office

Investment potential for:

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 (±280 m2): A spacious, versatile area featuring a green screen infinity wall (cyclorama), ideal for film, broadcast, and digital content creation.
Live Vocal Room: Acoustically treated for high-quality vocal recording, voice-overs, and podcasts.
HD Control Room:
Post-Production Suite
High-speed data link and a remote Tricaster link, which, by agreement, can be taken over

Commercial Property Investors

Waverley Business Park is a Sectional Title scheme, making it a popular choice for investors seeking reliable rental income:

Buy-to-Let Investors: The park has a high demand for space and attracts "quality tenants" including national brands and international corporates.
Yield Seekers: With competitive rental rates around R140/m2 the park offers strong value for money compared to other Southern Suburbs nodes.

Tech & Professional Service Firms

The park’s "industrial-chic" aesthetic and strategic location near the N2 make it attractive to:

FinTech & MedTech Startups: The park is specifically noted as a hub for those in the IT and technology industries.
Educational Institutions: The MU2 zoning allows for educational use, and institutions have previously occupied the park.
Training Centres: Unit can be often 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.
Amenities: On-site restaurants and proximity to the trendy shops of Observatory make it a "lifestyle" business destination
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

This property presents a rare opportunity to acquire a fully equipped, high-spec production facility in a prime commercial node.

Alternatively, this unit can be modelled into your own structure.

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

Levy R 14,600 pm ex VAT

Rate 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

Property Features

Kitchen

Property Type

Mixed Use

Land Size

539m²

Costs and Terms

Rates & Taxes

±R5,500

Levy

±R14,600