Mixed Use for sale
Commercial property for sale in a secure business park with great potential
Operate from a vibrant Mowbray/Observatory business hub, steps from the train and UCT, with a 280 m² double-volume production floor featuring an infinity green screen.
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
Additional features
Ownership costs
Property history
Listed for sale at R7,000,000
Price increased by 7.1% to R7,500,000
