Name: Video Tour: 313 m² Warehouse at Waverley Business Park, Observatory
Uploaded: 2026-07-22T16:25:59.504Z

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.

313m² commercial property for sale at Waverley Business Park, Wyecroft Road, Mowbray, ideal for owner-occupiers, showroom businesses and companies looking to invest in well-located commercial real estate.

Positioned within the established Waverley Business Park, this sectional title unit offers a total rentable area of 313m², comprising a registered floor area of 203m² together with a 110m² mezzanine level. We like how the mezzanine creates additional usable space for offices, storage, meeting rooms or showroom displays without taking away from the main floor. The property is currently owner occupied, giving purchasers flexibility to relocate their own business or make use of the space for future investment purposes. With 200 Amp three-phase power already available, the premises are well suited to businesses needing reliable electrical capacity for equipment, production or specialised operations. It have the flexibility that many growing businesses appreciate.

Located on Wyecroft Road in Mowbray, Waverley Business Park enjoys excellent access to the N2, M5 and Cape Town CBD, making daily travel convenient for staff, suppliers and clients. We think this property works particularly well for businesses looking for a combination of office, showroom and operational space in a secure business park environment. The monthly market rental is estimated at R36,460 excluding VAT, based on office space at R120/m² and mezzanine space at R110/m². The estimated market value is R3,633,138 excluding VAT, reflecting an initial yield of approximately 9.25%.

Property features:

313m² rentable commercial property
110m² mezzanine included
Owner occupied sectional title
200 Amp power supply
Business park investment opportunity
Excellent Mowbray road access

Mowbray commercial property for sale, Waverley Business Park, commercial real estate Mowbray, showroom for sale Cape Town, sectional title commercial property, commercial investment Mowbray, business premises Cape Town, office and showroom Mowbray, commercial property near N2, owner occupier commercial property.

313m² Commercial Property For Sale | Waverley Business Park | Mowbray | Ideal for Owner-Occupiers, Showrooms and Growing Businesses

Looking for the perfect headquarters that balances accessibility with budget-friendly efficiency? Join us for an exclusive walkthrough of this dynamic 313m² commercial unit at the iconic Waverley Business Park in Observatory, Cape Town.

In this video, we explore why this versatile space is a game-changer for creative agencies, tech startups, and growing enterprises looking for a central hub without the premium price tag of the CBD.

PROPERTY HIGHLIGHTS:
• Total floor area: 313m² of highly adaptable space.
• Versatile layout suitable for office, studio, or hybrid industrial use.
• Excellent natural lighting and an industrial-chic aesthetic.
• Secure environment with 24-hour monitoring and controlled gate access.
• Reliable infrastructure featuring fibre internet connectivity.
• Integrated backup power/generator to ensure zero downtime for your team.

WHY CHOOSE THIS LOCATION?
Waverley Business Park sits at the heart of one of Cape Town’s most connected business corridors. Whether you are commuting from the Northern or Southern Suburbs, the proximity to the N2 and M3 highways makes this one of the most convenient locations in the city. Your staff will love the walking distance access to public transport and the trendy eateries surrounding the Observatory/Mowbray node.

This is more than just an office; it is a space designed for productivity and growth. If you are tired of sterile corporate boxes and want a workspace with character and a sense of community, this is the unit for you.

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🔗 VIEW THIS LISTING:
https://brightwaveproperty.co.za/offices/for-sale/observatory/waverley-business-park/bwp04062

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https://brightwaveproperty.co.za/offices/for-sale/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: 313 m² Warehouse at Waverley Business Park, Observatory

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