Commercial Property To Rent in Cape Town

Property description

A 170 m² ground floor shop, Shop 5 at Sovereign Quay, is available to let from 1 January 2027. It is on the vibrant Somerset Road in Green Point, in a trendy area surrounded by a variety of retail outlets.

Sovereign Quay is a modern low-rise multi-use building that attracts prestigious blue-chip companies with its upscale commercial and ground-floor retail offerings. It is within walking distance of Cape Quarter, the V&A Waterfront and Cape Town Stadium, and close to the N1 and N2 on-ramps. The building has generator back-up power to all common areas, fibre connectivity, 24/7 CCTV surveillance and biometric access control, and it is currently on the hospital grid, so it is not affected by load shedding.

Features

170 m² ground floor retail unit, Shop 5
Somerset Road location in a trendy retail area
Fibre connectivity
Generator back-up power to all common areas
24/7 CCTV surveillance and biometric access control
Currently on the hospital grid, so not affected by load shedding
Parking ratio of 3 bays per 100 m² (approx. 5 bays)
Walking distance to Cape Quarter, the V&A Waterfront and Cape Town Stadium
Close to the N1 and N2 on-ramps

Terms

Gross rental: R350/m² excl. VAT, approx. R59,500 per month
Available: 1 January 2027

Gross rental breakdown (per month, excl. VAT)

Net rent: R278.34/m², approx. R47,318
Operating costs: R40.00/m², approx. R6,800
Rates and taxes: R31.66/m², approx. R5,382

Levies

Storage: R100/m² on storage space taken

Parking (monthly, per bay)

Basement bay: R2,000
Covered bay: R1,750
Shadenet bay: R1,750
Open bay: R1,500