R 12 300 000
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826 m² Office Space in Observatory

6 2.7 ha 826 m²

Discover an exclusive investment opportunity at Waverley Business Park, strategically located on the border of Mowbray and Observatory. These investment units, available for sale under a sole mandate, offer a secure lease in place until March 2026 with a national brand tenant, providing the option to renew. The yield stands at an attractive 12% at the asking price, and the transaction is Zero-rated for VAT.

Situated on the top floor, these units feature high ceilings and the potential to combine with the neighboring unit of 467m2, creating a spacious 1293m2 office space that can cater to future tenants. Enjoy breathtaking panoramic views of the mountains and city from this prime location.

Ideal for businesses requiring convenient access to major freeways such as the N2, N1, M3, and M5, this property comes with a total of 20 parking bays, including 16 garages and 4 open parking spaces. Don''t miss out on this exceptional investment opportunity at Waverley Business Park in Mowbray reach out to us today to find out more about this prime commercial property.

Property details

  • Listing number T4662707
  • Property type Offices
  • Erf size 2.7 ha
  • Floor size 826 m²
  • Rates and taxes R 8 231
  • Levies R 36 405

Property features

  • Open Parkings 6

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