Cape Town’s picturesque Atlantic Seaboard extends from the V&A Waterfront to Hout Bay. Three suburbs within this area are Green Point, Sea Point and Mouille Point, all boasting high-end residential high-rises, hotels, houses, besides some restored Victorian-style properties. “This area comprises of some of the most popular real estate in Cape Town, with access to beautiful beaches, sports facilities, plus an excellent location. It has become a burgeoning commercial, residential and entertainment hub,” says Leon Breytenbach, National Manager of the Rawson Property Group’s commercial division
Location and access
Green Point stretches from the base of Signal Hill to the V&A Waterfront, while Mouille Point extends from the V&A Waterfront to Granger Bay. Sea Point lies between Mouille Point, Green Point and Bantry Bay. The road infrastructure is good but can become a little slow in peak times. Green Point is traversed by Main Road, High Level Road plus the Helen Suzman Boulevard, while Sea Point is served by Beach Road, Main Road as well as High Level Road. The N1 and N2 are easily accessed for travel north or eastwards while the M6 continues from Beach Road in Mouille Point to the peninsula. Cape Town International Airport lies 22 kilometres away while the harbour is situated within five kilometres of Greenpoint. Cape Town CBD along with the central railway station lie less than six kilometres away. MyCiti buses provide excellent service, as do minibus taxis.
Commercial property
Green Point, Sea Point and Mouille Point boast many up-market, high-rise apartment buildings popular with young professionals, besides a number of recent developments in the mid-rise or mixed-use categories. Retail centres like Sea Point’s Adelphi or Galleria Shopping Centres or Somerset Square in Green Point supply the needs of the residents. Numerous retail outlets, hair salons, restaurants, coffee shops or take-away establishments are situated along the main thoroughfares, offering retail as well as office space, while business parks exist within the area. Firms which have their head office in this area are Red Bull SA, Uber SA, Aquila Safari including Protea Hotels.
Rental costs
This area is not quoted in the SAPOA Office Vacancy Reports, yet prominent online property portals provide an excellent snapshot of current rental pricing. Per square metre, commercial property at the lower end of the scale costs approximately R95 to R125, while mid-level properties cost about R125 to R150. Properties at the higher end of the scale cost R150 to R180 per square metre but those in the highest level cost from R225 to R300 per square metre.
Amenities
Along with residential property, numerous retail outlets, restaurants of all calibres, plus coffee shops, the Green Point - Sea Point - Mouille Point district also offers many entertainment opportunities. There are craft markets, theatres, cinemas, museums, pubs or night clubs. Sporting opportunities abound on Green Point Common. The Green Point Urban Park and Biodiversity Garden are situated there, as is the Cape Town Stadium, surrounded by a golf course.
The close proximity of the V&A Waterfront provides added retail or entertainment opportunities. Nearby beaches include Rocklands, Sunset Beach or Graaff’s Pool, with many others a short drive away. The Promenade walkway stretches along the coastline from Bantry Bay to Mouille Point. It is a popular walking or jogging route, offering superb sea views, lush lawns plus children’s play areas.
Schools in the area include Sea Point Primary and High School along with some independent schools. The Granger Bay Campus of the Cape Peninsula University of Technology is situated in Mouille Point while UCT’s Graham School of Business is nearby. Somerset Hospital, Green Point Community Health Clinic including medical practitioners of all spheres are in the area as are legal or financial firms plus many other businesses.
A great location, a wonderful environment plus a wide choice of commercial property, suggests that you should look around Green Point, Sea Point and Mouille Point before relocating your business or investing in that high-rise elsewhere in the city.
