Apartment For Sale in Cape Town

Property 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 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