502 m² Retail space to let in 111 Bree Street
111 Bree Street retail space to let in Cape Town CBD
Who This Space Is Best Suited For
- Retail
- Apparel & Fashion
- Luxury Goods & Jewellery
- Sporting Goods
- Furniture & Home Furnishings
About This Space
111 Bree Street is a Premium-grade retail space development located in Cape Town CBD. The building features fibre connectivity, backup power, 24-hour security and easy freeway access. Ample parking with 20 bays available.
502m² Premium Retail to let in Loop Street, Cape Town CBD, with excellent natural light and a raw, industrial aesthetic. We see this space working well for a range of retail ventures, including Apparel & Fashion, Luxury Goods & Jewellery, Sporting Goods, or Furniture & Home Furnishings, needing a prominent street-level presence and flexible fit-out options. The unit presents in a raw, unfinished state, typical of a development phase, offering a blank canvas for a bespoke fit-out. We noticed the wide, open frontage features floor-to-ceiling glazing, ensuring excellent natural light floods the space. The flooring is exposed concrete in a neutral grey, showing some signs of wear but ready for a tenant's chosen finish. Overhead, the exposed industrial ceilings with visible red piping and conduits give it a modern, adaptable feel, with a high ceiling height estimated around 3 meters. This is premium location with high foot traffic and exposure and there will soon be a beautiful large glass shopfront.
This commercial unit available just off Bree Street offers a substantial 502m² of open-plan space. The walls are predominantly unfinished concrete or plastered, with some sections partially constructed, allowing for flexible partitioning. The large, open-plan layout, even with a prominent central concrete pillar, provides significant flexibility for various retail displays or customer flow. Functional but uneven lighting is currently in place, which a new tenant can easily upgrade to suit their brand. Outside, the busy street environment and adjacent construction site highlight the ongoing development and commercial vibrancy of this Cape Town CBD location. The gross rate for this space is R320/sqm per month, bringing the gross monthly rental to R160,640. For convenience, there are 20 optional basement parking bays available separately at R2,500 per bay per month, providing a parking ratio of 1:5. There are also lots of visitor parking bays. The building is fibre-ready and benefits from a backup generator, ensuring business continuity. Being close to the V&A Waterfront, this location offers excellent visibility and accessibility in the bustling Cape Town CBD.
Property features:
- Gross monthly rental: R160,640
- Gross rate: R320 per sqm
- Optional basement parking: R2,500 per bay
- Fibre internet and generator
- Superlink truck access, 3-phase
- Near V&A Waterfront
Premium Office and Retail space to rent at City Park, a premium building and location in Cape Town CBD with high foot traffic. City Park is a P-Grade mixed-use development on Bree Street with premium office and retail space, 24/7 security, and backup power. This vibrant property, previously the Christiaan Barnard Memorial Hospital, features 2,500 m² of retail space attracting high foot traffic due to its prime location. You'll notice the bustling atmosphere created by nearby restaurants and coffee shops, making it suitable for various retail businesses, from cafes to specialty stores. Located at 111 Bree Street, City Park is easily accessible, with MyCiTi bus stops just a few minutes away and Cape Town Station within walking distance. The property is also well-connected to major routes like Buitengracht Street and Strand Street, making it convenient for customers and employees alike. Parking is available, ensuring that shoppers have easy access to the retail units. This area draws a diverse crowd from surrounding neighborhoods, enhancing the shopping experience. City Park benefits from excellent visibility, with prominent street frontage that allows for effective signage opportunities. The tenant mix includes a four-star Mama Shelter hotel and branded residences, contributing to the overall appeal of the precinct. The combination of customer amenities, such as restrooms and common areas, along with controlled access, makes this a well-managed retail environment. Ideal for food outlets, national chains, and specialty retailers, this building suits businesses looking to capitalize on the vibrant atmosphere of Cape Town CBD.
Parking
- 20 basement parking bays
Location
111 Bree Street, Cape Town, Cape Town
Frequently Asked Questions
- How much would the rental deposit be for renting this retail space?
- The estimated rental deposit is calculated on the last year's rental amount. Based on the current monthly rental of R160 640/month, the deposit would be approximately R481 920 (3 months' rental). This is an estimate and is subject to final negotiations.
- How many parking bays are available and what is the rental rate per parking bay?
- This unit includes 20 basement parking bays @ R2 500/bay/month.
- What is the minimum lease period required?
- The minimum lease period is 60 months. Please contact the broker to discuss specific lease terms.