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R12,300,000

Office for sale in Observatory

25 Kotzee Rd, Waverley Business Park, 302
14 Garages
826m²
27,188m²
Reduced
826m2 12% Yield Investment Opportunity In Waverley Business Park Mowbray

Discover an exclusive investment opportunity at Waverley Business Park, strategically located on the border of Mowbray and Observatory. These investment units, available for sale under a sole mandate, offer a secure lease in place until March 2026 with a national brand tenant, providing the option to renew. The yield stands at an attractive 12% at the asking price, and the transaction is Zero-rated for VAT.

Situated on the top floor, these units feature high ceilings and the potential to combine with the neighboring unit of 467m2, creating a spacious 1293m2 office space that can cater to future tenants. Enjoy breathtaking panoramic views of the mountains and city from this prime location.

Ideal for businesses requiring convenient access to major freeways such as the N2, N1, M3, and M5, this property comes with a total of 20 parking bays, including 16 garages and 4 open parking spaces. Don't miss out on this exceptional investment opportunity at Waverley Business Park in Mowbray – reach out to us today to find out more about this prime commercial property.

Property Type
Office
Stand Size
27,188m²
Building Size
826m²
Garages
14
Open Parking
6
Rates & Taxes
R8,231
Levy
R36,405
Uncovered Parking
Yes
Reference
2257437
Grade
A
Address
25 Kotzee Rd
Property history
Listed for sale at R14,000,000
06 Jun 2024
Price reduced by 12.1% to R12,300,000
19 Aug 2024
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