Property Details

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