1 293 m² Office Space in Observatory
Introducing an exclusive opportunity at Waverley Business Park on the border of Mowbray and Observatory, these investment units are available for sale under a sole mandate. Consisting of three units, each with synchronized leases secured until March 2026, the tenants are national brands with the option to renew their agreements. The yield is above 12% at asking price and this will be a Zero-rated transaction for VAT.
Located on the top floor, these units boast high ceilings and offer the unique potential to be combined to accommodate future tenants. Enjoy panoramic views of the mountains and city from every angle.
Conveniently positioned for easy access to major freeways including the N2, N1, M3, and M5, this property is ideal for businesses seeking a strategic location. The offering includes a total of 28 parking bays, comprising 22 garages and 6 open parking spaces.
Don''t miss out on this exceptional investment opportunity at Waverley Business Park Observatory contact us today to learn more about this prime commercial property.
Property details
- Listing number T4654201
- Property type Offices
- Erf size 2.7 ha
- Floor size 1 293 m²
- Rates and taxes R 1 200
- Levies R 36 405
Property features
- Open Parkings 6