No.1 Waterhouse - Offices to Let in Century City
Available Units(1)
About No.1 Waterhouse
No.1 Waterhouse is a Premium office building at 1 Waterhouse Place in Century City, Cape Town, with a locked gross lettable area of 11,000 m². Public owner and brokerage material consistently identify it as a commercial office redevelopment in the Waterford Precinct. Its current building proposition centres on secure access, fibre-ready infrastructure, backup generation, uncovered and basement parking, and an atrium designed to bring natural light into the interior. A substantial refurbishment programme reshaped the property around 2019 to 2020, upgrading the office accommodation, entrances, reception and building services. For prospective occupiers, the practical appeal is a combination of premium office presentation, business-continuity infrastructure and access to Century City's N1-linked road network and established public transport services, without relying on live unit availability or area-wide market conditions.
Position in the local market
No.1 Waterhouse is positioned as a premium, multi-floor office address rather than a mixed-use or industrial property. Its character comes from the redevelopment of an established commercial block into a modern corporate workplace, with four office floors, a prominent light-filled atrium, secure parking and supporting tenant amenities. The building suits occupiers that want a professional environment with fibre connectivity and backup generation while remaining within a managed commercial park. The specification is more relevant to professional, corporate and technology-led office users than to businesses needing warehouse access, yard space or heavy operational infrastructure. Its role is therefore best understood as a business-focused office asset within the Waterford Precinct.
Space at No.1 Waterhouse
Office space
The building is configured for office occupation across four floors, with the redevelopment focused on efficient floorplates, upgraded office accommodation and common areas rather than retail or industrial use. Current owner information highlights fibre readiness, access control, backup generation and secure parking, while refurbishment records describe improved mechanical and electrical services and a redesigned atrium and reception. The format should suit conventional corporate offices, professional services, consulting and technology teams that value connectivity and a polished client-facing environment. Exact unit configuration, subdivision options and fit-out condition should be confirmed for the selected premises.
- Corporate offices
- Professional services
- Consulting businesses
- Technology and software teams
- Client-facing administrative offices
Access and surrounding destinations
No.1 Waterhouse is at 1 Waterhouse Place in the Waterford Precinct of Century City, with the owner listing the address on Century City Boulevard. Century City's official transport information identifies Sable Road as a key link to the N1, with Ratanga Road and Bosmansdam Road providing alternative road access into the precinct. Public transport serving Century City includes MyCiTi services, Golden Arrow buses, formal minibus taxis and rail via Century City Station on the Cape Town to Bellville route through Monte Vista. Current Century City information lists the T04 MyCiTi service at Ratanga Public Transport Interchange, route 262 at Century Avenue Public Transport Interchange and route 251 linking Century City and Montague Gardens. Brightwave also identifies public transport as an access feature for the building. Canal Walk Shopping Centre is described as being across the road, providing nearby shops and places to eat.
Road access
- N1 access via Sable Road
- Ratanga Road access into Century City
- Bosmansdam Road as an alternative precinct approach
- Century City Boulevard for the Waterhouse Place address
Public transport
- MyCiTi T04 service at Ratanga Public Transport Interchange
- MyCiTi route 262 at Century Avenue Public Transport Interchange
- MyCiTi route 251 between Century City and Montague Gardens
- Golden Arrow bus services to Century City
- Formal minibus taxi services serving Century City
- Century City Station on the Cape Town to Bellville rail route via Monte Vista
Nearby
- Canal Walk Shopping Centre
Building features
Backup power
Spear states that generators are available for both building and tenant use, while Brightwave also lists backup power as a current building amenity.
Fibre and access control
The current owner lists the property as fibre ready with 24 hour access control, supporting office occupiers that require managed access and reliable connectivity infrastructure.
Parking
The building sits within a secured commercial park and provides both uncovered on-site parking and basement parking for tenants. Spear also lists secure parking among the property's current key features.
Atrium and natural light
The main atrium uses acoustic-grade glass to admit natural light while supporting the building's professional common-area environment, a feature repeated across current owner and brokerage descriptions.
On-site tenant amenities
Spear's current property page lists an on-site canteen and braai room. Earlier refurbishment reporting also described shared tenant amenities as part of the upgraded office environment.
Four-floor office redevelopment
Contractor and owner records describe office accommodation across four floors, with new or upgraded entrances, reception, atrium and building services forming part of the major refurbishment programme.
Who this building may suit
Best for
- Office occupiers seeking Premium grade accommodation in Century City
- Businesses that value a substantial corporate office building rather than a small standalone office
- Teams requiring conventional commercial office accommodation rather than warehouse, industrial or retail premises
Strengths
- Premium office positioning in Century City.
- A substantial 11,000 m² building-scale office profile.
- Commercial zoning aligned with the building's office use.
Points to consider
- Confirm unit-specific services and fit-out rather than assuming every office has the same specification.
- Assess parking requirements early, particularly where a business has a high staff-to-floor-area ratio.
- Businesses with loading, warehousing or yard requirements should consider a different property type.
Building background
Before redevelopment, the property was known as the PwC Building. A major refurbishment programme then reworked the office accommodation on all four floors, added new entrances, upgraded the atrium and reception, refreshed the basement parking areas and included facade and roof works. Spear's 2020 reporting also described upgraded mechanical and electrical installations, a grey-water system, a rooftop solar solution, efficient floorplates and shared tenant amenities. Public records place the main redevelopment work across the 2019 to 2020 period. The building's present premium office identity stems from that programme, which substantially renewed both the workplace accommodation and common building infrastructure.
Questions about No.1 Waterhouse
What type of commercial property is No.1 Waterhouse?
No.1 Waterhouse is a Premium office building in Century City. The locked building record gives a gross lettable area of 11,000 m², while current owner and brokerage material describe it as a premium office redevelopment in the Waterford Precinct with four floors of office accommodation.
Does No.1 Waterhouse have backup power?
Yes. Spear's current property page states that generators are available for both building and tenant use, and Brightwave also lists backup power among the building amenities. Occupiers should still confirm the exact generator coverage, supported circuits, fuel or recovery charges and any unit-specific limitations before signing a lease.
Is fibre available at No.1 Waterhouse?
Yes. Spear lists the building as fibre ready, while Brightwave and Rennie Knight Frank also identify fibre connectivity as part of the office specification. A prospective tenant should confirm the service providers, lead times and whether the selected unit already has an active tenant connection.
What parking does the building provide?
Spear states that No.1 Waterhouse has secure parking and provides both on-site uncovered bays and basement parking for tenants. The exact parking allocation, bay type and visitor arrangements can vary by lease and premises, so these should be checked against the selected office before commitment.
How is No.1 Waterhouse accessed by road?
The building is on Waterhouse Place within Century City, with Spear listing the address on Century City Boulevard. Century City's official transport guidance identifies Sable Road as a direct N1 link, while Ratanga Road and Bosmansdam Road provide alternative approaches into the precinct.
What public transport serves No.1 Waterhouse?
Brightwave identifies public transport as an access feature for the building. Century City's current transport information lists MyCiTi services within the precinct, Golden Arrow buses, formal minibus taxis and Century City Station on the Cape Town to Bellville rail route via Monte Vista. Staff should confirm the most practical stop and walking route for their commute.
What was changed during the No.1 Waterhouse refurbishment?
Contractor and owner records describe a substantial refurbishment involving office accommodation across four floors, new entrances, an upgraded atrium and reception, refreshed basement parking areas, facade and roof work, and upgraded building services. Spear's 2020 reporting also recorded a rooftop solar solution, grey-water infrastructure and efficient floorplates as part of the redevelopment specification.
Research sources
Independent references used to verify this building profile.
- Spear REIT Limited, 1 Waterhouse Place, Century Cityspearprop.co.za
- Brightwave Property, No.1 Waterhousebrightwaveproperty.co.za
- Century City, Transport Schedulecenturycity.co.za
- Grenco Projects, 1 Waterhouse Placegrencoprojects.co.za
- Spear REIT Limited, Provisional Summarised Reviewed Consolidated Financial Statements 2020spearprop.co.za
