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R18,850,000

Office for sale in Observatory

25 Kotzee Rd, Waverley Business Park, 304
22 Garages
1,293m²
27,188m²
Reduced
12% Yield Sole Mandate 1293m2 Investment Units At Waverley Business Park Observatory

Introducing an exclusive opportunity at Waverley Business Park on the border of Mowbray and Observatory, these investment units are available for sale under a sole mandate. Consisting of three units, each with synchronized leases secured until March 2026, the tenants are national brands with the option to renew their agreements. The yield is above 12% at asking price and this will be a Zero-rated transaction for VAT.

Located on the top floor, these units boast high ceilings and offer the unique potential to be combined to accommodate future tenants. Enjoy panoramic views of the mountains and city from every angle.

Conveniently positioned for easy access to major freeways including the N2, N1, M3, and M5, this property is ideal for businesses seeking a strategic location. The offering includes a total of 28 parking bays, comprising 22 garages and 6 open parking spaces.

Don't miss out on this exceptional investment opportunity at Waverley Business Park Observatory – contact us today to learn more about this prime commercial property.

Property Type
Office
Stand Size
27,188m²
Building Size
1,293m²
Garages
22
Open Parking
6
Rates & Taxes
R1,200
Levy
R36,405
Fibre Internet
Yes
Uncovered Parking
Yes
Reference
2255513
Grade
A
Address
25 Kotzee Rd
Property history
Listed for sale at R21,620,000
30 May 2024
Price reduced by 12.8% to R18,850,000
19 Aug 2024
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