Office Space To Let
Office Observatory
887 m² Office to let in Waverley Business Park
Who This Space Is Best Suited For
- Call Centres & Contact Centres
- Back-Office Operations
- Regional Head Office
About This Space
Waverley Business Park is a B-grade office development located in Observatory. The building features fibre connectivity, backup power, 24-hour security and easy freeway access. Ample parking with 16 bays available.
887m² office space to rent at Waverley Business Park, 48 Kotze Street, Mowbray. Suitable for corporate head offices, tech companies, creative agencies, and professional firms needing large flexible office space with strong transport access and parking.
This top-floor office in Waverley Business Park offers a flexible layout with double-volume ceilings and wide views across the mountains and Cape Town skyline. The workspace can operate as a standalone office or be combined with adjoining units to create a larger 1,293m² office footprint for businesses planning longer-term expansion. The elevated position and natural light create a more open working environment, while the flexible floorplate allows businesses to configure collaborative workspace, meeting areas, executive offices, and operational departments according to their requirements.
Waverley Business Park remains a well-positioned commercial node on the border of Mowbray and Observatory, offering straightforward access to the N1, N2, M3, and M5 highways. This location works particularly well for businesses with staff or clients travelling between Cape Town CBD, the Southern Suburbs, and northern business districts. The unit includes 20 parking bays made up of 16 covered garage bays and 4 open bays, improving convenience for both staff and visitors. We see this office working well for established companies needing a central Cape Town office with future expansion potential and strong regional accessibility.
Property Features
887m² top-floor office in Waverley Business Park
Double-volume ceilings with city and mountain views
Option to combine with adjoining units up to 1,293m²
16 covered parking bays and 4 open bays included
Easy access to N1, N2, M3, and M5 highways
Suitable for large corporate or expanding businesses
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About the Building
Overview of The Waverley Business Park. The Waverley Business Park is one of Cape Town’s most established mixed-use commercial developments, located on the border of Observatory and Mowbray. Originally converted from the historic Waverley Blanket Factory in the late 1980s, the park has evolved into a highly functional, multi-tenanted business environment offering offices, studios, light industrial units, and residential components. The park consists of 29 individual buildings, each with unique layouts and character, creating a flexible environment suited to a wide range of businesses, from creative agencies to tech firms, education providers, and light industrial operators. With over 31,800m² of rentable space, The Waverley remains a go-to option for companies prioritising value, accessibility, and operational flexibility in Cape Town’s central commercial corridor. Location: Observatory / Mowbray Commercial Node. The Waverley Business Park is strategically positioned just off Main Road, with direct access to the N2 (Settlers Way), one of Cape Town’s most important transport routes. This location places tenants within minutes of the CBD, while maintaining strong connectivity to both the Southern Suburbs and Northern Suburbs. Key distances: Observatory Station: ±3-minute walk. Mowbray Station: ±7-minute walk. N2 Highway: ±1-minute drive. N1 Highway: ±3-minute drive. Cape Town CBD: ±8-minute drive. This level of accessibility is a major driver behind the park’s consistently strong tenant demand. Property Features & Specifications. Total Development Size: Offices & studios: ±24,935m². Industrial / showroom space: ±3,815m². Residential flats: ±2,985m². Total rentable area: ±31,835m². Parking: Open bays: 301. Garage bays: 255. Total parking: 556 bays. Parking ratio: approx. 1 bay per 56m². Additional street parking available. Zoning: MU2 (Mixed Use 2). Allows for: Offices. Retail. Light industrial. Residential. Educational facilities. Restaurants and more. This zoning flexibility is one of the park’s strongest advantages, it allows businesses to evolve without needing to relocate. Rental Profile & Value Positioning. The Waverley Business Park is widely recognised as a value-driven alternative to more traditional A-grade office nodes like Claremont and Rondebosch. Current rentals: R120, R145/m² (excl. VAT). Market comparison (Southern Suburbs A-grade): R180, R250/m². This pricing gap is not accidental, it’s the reason many growing businesses choose The Waverley over more polished but significantly more expensive alternatives. Reality check:You’re not getting premium-grade finishes here, but you are getting flexibility, location, and cost efficiency. For many occupiers, that trade-off makes financial sense. Tenant Profile & Business Environment. The Waverley has built a strong reputation for attracting diverse, high-quality tenants, particularly in the creative, education, media, and tech sectors. Notable tenants include: Stanford University. Frogfoot Networks. Operation Smile. Cape Town Audio College. Cape Town College of Fashion Design. Trace TV. Seacom. This mix creates a dynamic ecosystem rather than a sterile office park, something that continues to appeal to modern businesses. Investment & Ownership Insights. The Waverley operates as a sectional title scheme (registered 1996), making it attractive to both owner-occupiers and investors. Historical cap rates: ±8%, 9%. Strong tenant retention. Consistently low vacancy levels. Potential future expansion: ±18,000m². From an investment perspective, this is not a speculative asset, it’s a steady, income-generating environment with proven performance over decades. Why Businesses Choose The Waverley Business Park? 1. Central Location Without CBD Pricing: You’re effectively sitting on the edge of the CBD without paying CBD rents. 2. Flexible Space Options: From small studios to larger hybrid office/industrial units, few parks offer this level of adaptability. 3. Strong Transport Links: Rail + highway access is a rare combination in Cape Town. 4. Established Tenant Ecosystem: Creative, tech, and education businesses cluster here, driving collaboration and relevance. 5. Practical, Not Pretentious: This isn’t a glossy corporate park. It’s functional, efficient, and cost-effective, which is exactly why it works. Who The Waverley Is Best Suited For? Creative agencies & production companies. Tech startups and scale-ups. Education and training institutions. Media and content businesses. Light industrial / hybrid operators. Value-conscious corporates. Final Take. The Waverley Business Park continues to outperform expectations because it solves a real problem in the Cape Town market: central, accessible space at a price that still makes business sense. If you’re chasing premium finishes, look elsewhere. If you’re chasing value, flexibility, and location, The Waverley remains one of the smartest plays in the Observatory / Mowbray node.
Building Details & Features
Key Features
- Fibre Internet
- Backup Power
- 24hr Security
- Access Control
- Air Conditioning
- Kitchen
- Boardroom
- Reception Area
Financial Information
All rentals exclude VAT & utilities. Confirm charge periods and which charges are included in the quoted rental with the broker.
Video Tour
Observatory Overview
Observatory is a commercial district in Cape Town with access to surrounding business, transport and amenity networks. This listing has convenient access to major routes. Public transport access is available nearby.
Frequently Asked Questions
- How much does this unit at Waverley Business Park, Observatory cost to rent?
- The rental rate for this unit is R140 per m² per month, excluding VAT.
- How big is this unit?
- This unit measures 887 m².
- What deposit is required?
- A deposit equivalent to 2 months' rental is required.
- Is parking available?
- Yes, there are 8 open parking bays and 8 basement parking bays available.
- Is this unit currently available?
- This unit is currently available To Let.
- What building amenities does it have?
- The building offers 24-hour security, backup power, and fibre connectivity.
- What grade is the building?
- The building is a B-Grade property.
Location
Waverley Business Park, Wyecroft Road, Observatory, Cape Town, South Africa, Cape Town