170 m² Retail Space in De Waterkant

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, 247 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

247 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: R350m² excl. VAT, approx. R59,500 per month

Available: 1 January 2027

Gross rental breakdown per month, excl. VAT

Net rent: R278.34m², approx. R47,318

Operating costs: R40.00m², approx. R6,800

Rates and taxes: R31.66m², approx. R5,382

Levies

Storage: R100m² on storage space taken

Parking monthly, per bay

Basement bay: R2,000

Covered bay: R1,750

Shadenet bay: R1,750

Open bay: R1,500