Name: Video Tour: 294 m² Office at Waverley Business Park, Observatory
Uploaded: 2026-08-13T13:17:32.641Z

Co-Founder | Candidate Property Practitioner

Calvin de Gouveia

Overview of The Waverley Business ParkThe 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 NodeThe 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 walkMowbray Station: ±7-minute walkN2 Highway: ±1-minute driveN1 Highway: ±3-minute driveCape Town CBD: ±8-minute driveThis level of accessibility is a major driver behind the park’s consistently strong tenant demand.Property Features &amp; SpecificationsTotal Development SizeOffices &amp; studios: ±24,935m²Industrial / showroom space: ±3,815m²Residential flats: ±2,985m²Total rentable area: ±31,835m²ParkingOpen bays: 301Garage bays: 255Total parking: 556 baysParking ratio: approx. 1 bay per 56m²Additional street parking availableZoningMU2 (Mixed Use 2)Allows for:OfficesRetailLight industrialResidentialEducational facilitiesRestaurants and moreThis zoning flexibility is one of the park’s strongest advantages, it allows businesses to evolve without needing to relocate.Rental Profile &amp; Value PositioningThe 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/m²This 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 &amp; Business EnvironmentThe 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 UniversityFrogfoot NetworksOperation SmileCape Town Audio CollegeCape Town College of Fashion DesignTrace TVSeacomThis mix creates a dynamic ecosystem rather than a sterile office park, something that continues to appeal to modern businesses.Investment &amp; Ownership InsightsThe 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 retentionConsistently low vacancy levelsPotential future expansion: ±18,000m²From 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 PricingYou’re effectively sitting on the edge of the CBD without paying CBD rents.2. Flexible Space OptionsFrom small studios to larger hybrid office/industrial units, few parks offer this level of adaptability.3. Strong Transport LinksRail + highway access is a rare combination in Cape Town.4. Established Tenant EcosystemCreative, tech, and education businesses cluster here, driving collaboration and relevance.5. Practical, Not PretentiousThis 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 &amp; production companiesTech startups and scale-upsEducation and training institutionsMedia and content businessesLight industrial / hybrid operatorsValue-conscious corporatesFinal TakeThe 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.

294m² office to let at 28 Koetzee Street, Observatory, Cape Town, suitable for businesses needing private offices, meeting space and good road access. Set on the first floor of Waverley Business Park, the unit has a practical layout with a reception area, boardroom, multiple private offices and an exclusive-use kitchenette. It works well for a professional team that needs some separation between departments without losing the convenience of being under one roof. The monthly rental is R39,690, which works out to R135/m², and the office is available immediately. Parking is charged separately at R990 per open bay and R1,190 per garage bay. We like that the costs are straightforward here, and the layout gives a business plenty of usable working areas without feeling overly complicated.

Waverley Business Park is in Observatory, with convenient access to the N1, N2, M5 and M4, making trips towards Cape Town CBD and surrounding commercial areas fairly easy. Public transport and everyday amenities are also nearby, which can make a real difference for staff travelling into the office. The business park is secure and well managed, while the choice between open and garage parking gives tenants some flexibility. For companies searching for commercial property to rent in Observatory, office space to let near Cape Town CBD or a secure office with parking, this unit is worth adding to the viewing list. The combination of private offices, a boardroom and reception area also make it suitable for consulting, administrative and other client-facing businesses.

Property features:
294m² first-floor commercial office space
Monthly rental totals R39,690 currently
Rental rate equals R135/m² monthly
Open parking R990 per bay
Garage parking R1,190 per bay
Available for occupation immediately now

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294m² Office To Let | Waverley Business Park | Observatory | Professional Workspace

Looking for the perfect base for your growing business in the heart of Cape Town? Welcome to this stunning 294m² commercial unit at the iconic Waverley Business Park, where industrial charm meets modern functionality. In today’s video tour, we walk you through this versatile space, showcasing why Observatory remains the go-to node for innovative companies and creative teams.

Whether you are a tech startup, a design agency, or an established firm looking for an accessible office in a central hub, this unit offers the perfect balance of space, security, and affordability. Sit back and take a walk through this B-grade gem that puts you right in the middle of Cape Town’s thriving professional landscape.

Property Highlights:
• Total Floor Area: 294m² of flexible, open-plan space.
• High-Exposure Location: Situated right in the Waverley Business Park, known for its creative atmosphere.
• Unmatched Connectivity: Minutes away from major transport routes including the N2 and N1.
• Essential Infrastructure: Fully equipped with fibre internet for seamless business operations.
• Reliability: Peace of mind with on-site backup power/generator and 24-hour security with controlled access.
• Cost-Efficient Leasing: Competitive rental rate of R142.50/m².

Why Businesses Choose Observatory:
Observatory is the ultimate intersection of character and convenience. By securing a space in this historic yet revamped commercial precinct, your team benefits from easy access to the Cape Town CBD, Southern Suburbs, and public transport nodes. It’s a dynamic environment that promotes collaboration and growth, away from the sterile feel of high-rise city corporate parks.

This unit is ideal for:
• Creative studios and marketing agencies
• Tech enterprises needing reliable connectivity
• Educational and training institutions
• Businesses looking for a prime central Cape Town location

Experience the layout, the natural light, and the strategic position of this unit in the full video tour. If you are ready to take your business to the next level in a space that offers real value, this is an opportunity you don't want to miss.

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🔗 VIEW THIS LISTING:
https://brightwaveproperty.co.za/offices/to-let/observatory/waverley-business-park/bwp02759

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https://brightwaveproperty.co.za/offices/to-let/observatory

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https://brightwaveproperty.co.za/contact
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🌐 Website: https://brightwaveproperty.co.za

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Video Tour: 294 m² Office at Waverley Business Park, Observatory

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