1
Beds
1
Baths
34 m²
Floor area
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
Features & amenities
Price & ownership
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
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
Total paid over 20 years (deposit + repayments): R 6 625 900
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.