Commercial Property To Rent in Cape Town

Property description

A 92 m² office, Suite 315 on the 3rd floor of Sovereign Quay, is available to let from 1 November 2026. The building caters for smaller office users, with offices from around 60 m² upwards, so it suits a small team that wants a prestigious address.

Sovereign Quay is a modern low-rise multi-use building on the vibrant Somerset Road in Green Point, attracting 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. Tenants benefit from generator back-up power to all common areas, fibre connectivity, 24/7 CCTV surveillance and biometric access control. The building is currently on the hospital grid, so it is not affected by load shedding.

Features

92 m² office, Suite 315, 3rd floor
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. 3 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: R240/m² excl. VAT, approx. R22,080 per month
Tenant installation allowance: R720/m² (3-year lease) or R1,200/m² (5-year lease)
Available: 1 November 2026

Gross rental breakdown (per month, excl. VAT)

Net rent: R168.34/m², approx. R15,487
Operating costs: R40.00/m², approx. R3,680
Rates and taxes: R31.66/m², approx. R2,913

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