As the Green Point Stadium in Cape Town takes shape along with associated infrastructural improvements, the suburb itself continues to experience a revival with areas such as Somerset Road now considered a highly fashionable address for commercial property, says Selwyn Sharon, leasing, sales and investment consultant for Pam Golding Commercial.
"Adjacent to the trendy De Waterkant precinct and within walking distance of Cape Town's city centre and the V&A Waterfront, the Somerset Road area is conveniently situated with good access to major routes in and out of the city. Various developments in the vicinity, including the extension of the Cape Quarter, underline the confidence in the area and bode well for future return on investment," he says.
Currently two well-positioned, sectional title, interleading units of office space comprising a total of 178sqm have become available in the landmark Victoria Junction in Prestwich Street which is located just below Somerset Road. The units are being sold together with two secure undercover parking bays for the total purchase price of R3 million. Victoria Junction is a dual use, sectional building comprising both residential and office space.
Says Sharon: "With ample natural light and designed in a trendy industrial style with high ceilings, these would make ideal creative spaces for the likes of architects or advertising agencies – or any business which seeks a modern, aesthetically pleasing ambience in a vibrant hub. The first floor units include a terrace with views of Lion's Head." There is also a goods lift in the building. 
Issued by Gaye de Villiers

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 15 Jun 2018
      The second quarter of 2018 has proven to be the turning point for Midrand’s real estate market, especially the upper end which started to waver towards the end of a tumultuous 2017 with a notable drop in both sales and average selling prices.
    • 15 Jun 2018
      According to data recently released by FNB, the average age of a South African home buyer has increased from 38 to 44 this year. In an attempt to help first-time buyers enter the market sooner, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, walks us through the steps of saving for your first home.
    • 15 Jun 2018
      Putting your house on the market can be a stressful process. There are so many decisions to make that will impact how quickly your house is sold and for how much you can sell it for. It’s a serious money game where you can’t afford to make the wrong decision.
    • 14 Jun 2018
      The word tourist describes someone who is visiting South Africa for a limited time and is probably not going to buy a property here – so why is the tourism industry so important to the real estate sector?
    • 14 Jun 2018
      Serengeti Estates has entrenched its status as one of Johannesburg’s most desirable addresses for a spectrum of homeowners with its launch of The Signature Residences, a new cluster village.
    • 14 Jun 2018
      Keen interest shown at an international event in Hamburg last month has revealed that German investors have a surprisingly healthy appetite for South African real estate, especially those in the market for retirement properties.
    • 13 Jun 2018
      Well located urban properties, from that convenient city pad to the family townhouse or the coveted buy-to-let property can provide buyers with great investment returns over the long term. This is according to Fine & Country which have a number of offices in Johannesburg specialising in the sale of urban properties.
    • 13 Jun 2018
      A R200 million 51-unit luxury apartment project on a vacant lot at 169 Main Road Green Point places the capstone on the radical transformation of the stretch between de Waterkant and Glengariff Road.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us