Sale
South Africa

1

Beds

1

Baths

34 m²

Floor area

Apartment 1 bed 1 bath 34 m²

About this property

Perched on the fifth floor of a strikingly restored heritage building in Cape Town's City Centre, this compact mezzanine studio apartment is a rare fusion of Parisian-inspired architecture and crisp contemporary design. The building's mansard roofline, ornate stone cladding, arched dormers, and wrought-iron balustrades signal a painstaking heritage redevelopment by Prospekt — a development that sits mere steps from The Company's Garden (±140 m) and the Nice Café at Church House (±56 m).

Inside, soaring double-volume ceilings anchor a bright open-plan living and kitchen area finished in light oak herringbone parquet, white panel-moulded walls, and premium joinery. A timber-and-steel mezzanine level — accessed via an elegant white-baluster staircase — creates the mezzanine bedroom platform, maximising every square metre of the 34 m² footprint. Oversized pendant lights and recessed downlights layer the lighting, while a curated art wall and navy soft furnishings complete the sophisticated palette in the CGI render.

Floor plans on file confirm the unit layout including an open-plan kitchen and living area, bathroom, and mezzanine bedroom — with adjacent units on the same level evidencing the building's tight-knit boutique character.

Key highlights: • Heritage building, freshly refurbished façade with mansard roof and ornamental ironwork • Double-volume open-plan living with mezzanine bedroom • Light oak herringbone parquet flooring and white panel-moulded walls • High-quality joinery and contemporary pendant lighting • City views from the 5th floor • Optional parking bay and storeroom available • Levies: R2,200/month | Rates: R1,750/month • Estimated rental income: ±R25,000 p/m • Qualifies for UDZ (Section 13Sex) tax deductions • No transfer duties payable • Anticipated completion Q4 2025

Rooms & layout

Open-plan Kitchen & Living Area
Mezzanine Bedroom
Bathroom

Features & amenities

city views5th flooropen planhigh quality finishesoptional parkingstoreroomsheritage redevelopmentheritage architecturemansard roofdouble volume ceilings

Price & ownership

Asking price R 2 800 000
Price per m² R 82 353
Municipal valuation -

Cost to buy (indicative)

This listing is marked as a VAT-vendor sale. The price is treated as VAT-inclusive; transfer duty does not apply. Registration and conveyancing fees still apply.

Upfront split

Property price R 2,8M
Taxes + legal + admin fees R 51,1K

Rough split: 98.2% purchase price, 1.8% buying costs.

  • Asking price R 2 800 000
  • Deeds Office (transfer) R 2 433
  • Conveyancing (est., incl. VAT) R 48 605
  • Deeds lodgement R 52
  • Total indicative R 2 851 090

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 26 441 /month

Total paid over 20 years (deposit + repayments): R 6 625 900

Deposit 10% · R 280 000
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 2 520 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.