Prime Ground Floor Retail Opportunity at Portside
Web Ref.
SC2467
Floor size
75.00 m²
Position your business in one of Cape Town’s most prestigious commercial landmarks — Portside. This premium ground floor retail unit on Bree Street, offers exceptional visibility and accessibility, making it ideal for established brands seeking a high-profile presence in the CBD.
Property Details:
Location: Portside, Ground Floor
GLA: ±75.00 m²
Availability: Immediately available
Tenant Profile: Suitable for established tenants only. Unsuitable too barbers and hair salons.
Features:
Private kitchenette
In-unit toilet facilities
Prime ground floor exposure
Lease Terms:
Lease Period: 3 – 5 years
Basic Rental: R350.00/m²
Operating Costs: R25.00/m²
Marketing Levy: 5% of basic rental
Annual Escalation: 8% (compounded)
Rates & Taxes: R20.83/m² (subject to increases from July 2026)
DIL Levy: R4.17/m² (subject to increases from July 2026)
Turnover Rental: 8% of basic rental
Additional Costs:
Electricity, water, and sewer: Metered
Refuse, generator, and air conditioning: Pro-rata share
Financial Requirements:
Deposit: Equivalent to 3 months’ rental based on the final year of the lease
Surety: Required
Sustainability & Prestige:
Portside is proudly rated by the Green Building Council of South Africa as the country’s only 5-star green tall building, offering tenants an environmentally sustainable and energy-efficient business environment.
Property Details:
Location: Portside, Ground Floor
GLA: ±75.00 m²
Availability: Immediately available
Tenant Profile: Suitable for established tenants only. Unsuitable too barbers and hair salons.
Features:
Private kitchenette
In-unit toilet facilities
Prime ground floor exposure
Lease Terms:
Lease Period: 3 – 5 years
Basic Rental: R350.00/m²
Operating Costs: R25.00/m²
Marketing Levy: 5% of basic rental
Annual Escalation: 8% (compounded)
Rates & Taxes: R20.83/m² (subject to increases from July 2026)
DIL Levy: R4.17/m² (subject to increases from July 2026)
Turnover Rental: 8% of basic rental
Additional Costs:
Electricity, water, and sewer: Metered
Refuse, generator, and air conditioning: Pro-rata share
Financial Requirements:
Deposit: Equivalent to 3 months’ rental based on the final year of the lease
Surety: Required
Sustainability & Prestige:
Portside is proudly rated by the Green Building Council of South Africa as the country’s only 5-star green tall building, offering tenants an environmentally sustainable and energy-efficient business environment.
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Disclaimer
While every effort will be made to ensure that the information contained within the Lew Geffen Sotheby's International Realty Commercial & Industrial Services website is accurate and up to date, Lew Geffen Sotheby's International Realty Commercial & Industrial Services makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
