Sale
South Africa

2

Beds

2

Baths

79 m²

Floor area

Apartment 2 beds 2 baths 79 m²

About this property

Discover one of Bree Street's most exclusive investment opportunities — a top-floor, two-bedroom, two-bathroom apartment in The Barracks, a contemporary boutique development set above one of Cape Town's most storied historic landmarks at the corner of Bree and Strand Streets.

Spanning 79 m², the apartment is finished to a high modern standard, featuring warm engineered-wood flooring throughout the open-plan living and dining areas, recessed lighting, crisp white walls, and sliding glass doors that open onto two west-facing private balconies. From the upper balcony, unobstructed views of Table Mountain and the CBD skyline frame every sunrise and sundowner.

The north-facing main bedroom is bright and airy, with a green upholstered headboard, built-in cupboards, and a tiled en-suite bathroom. The second bedroom enjoys its own private balcony with Table Mountain views and a generous shower bathroom. The open-plan lounge and dining area is intelligently proportioned for both entertaining and everyday living, with a compact dining table, a grey corner sofa, and direct balcony access.

Building amenities include a rooftop yoga studio and an on-site coffee shop — both available for private hire — as well as a continuous power supply (load-shedding-free). A secure parking bay is available separately (purchase or rental at R 1 000/month).

Bree Street is the heartbeat of Cape Town's dining, gallery, and boutique scene. The Company's Garden is approximately 140 m away, and Nice Café at Church House is roughly 56 m from the front door — daily conveniences are within easy reach. Currently operating as a high-performing Airbnb, the apartment offers proven rental returns and strong occupancy for the discerning investor.

Rooms & layout

Bedroom × 2
Bathroom × 2
Lounge / Dining
Kitchen
Patio × 2

Features & amenities

Airbnb InvestmentTop-Floor ApartmentCity ViewsTable Mountain ViewsBalconiesEn-suite BathroomModern FinishesRooftop Yoga StudioCoffee ShopLoad-Shedding-Free

Price & ownership

Asking price R 5 900 000
Price per m² R 74 684
Municipal valuation -

Cost to buy (indicative)

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 5,9M
Taxes + legal + admin fees R 513,2K

Rough split: 92.0% purchase price, 8.0% buying costs.

  • Asking price R 5 900 000
  • Transfer duty (est.) R 426 356
  • Deeds Office (transfer) R 5 127
  • Conveyancing (est., incl. VAT) R 81 666
  • Deeds lodgement R 52
  • Total indicative R 6 413 201

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 55 715 /month

Total paid over 20 years (deposit + repayments): R 13 961 719

Deposit 10% · R 590 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 5 310 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.