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 makes an interesting property, bikes, cars and larger items.

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
• Vehicle access at the rear of the building
• 2 dedicated parking bays in front of the unit
• Reception area
• Double volume 280 sqm area, with vehicle access
• 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 of 280 sqm, with an infinity green screen
• Acoustically treated live vocal room
• 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
Tech & Professional Service Firms
• 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: 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