Sale
South Africa

2

Beds

2

Baths

123 m²

Floor area

Apartment 2 beds 2 baths 123 m²

About this property

Presented by Team Sierra & Tyson Properties, this exceptional 123 m² apartment in the heart of De Waterkant — one of Cape Town's most cosmopolitan and sought-after neighbourhoods — is a rare, turn-key opportunity that combines luxury living with strong investment potential.

The open-plan living, dining, and kitchen area is anchored by impressive exposed-concrete coffered ceilings, wide-plank light-oak flooring, and floor-to-ceiling sliding glass doors that frame spectacular north-west-facing views over the De Waterkant roofscape toward Signal Hill. The generous living zone is styled with premium Weylandts furnishings — oversized L-shaped sectional sofa, velvet accent chairs, and designer coffee tables — and is sold fully furnished exactly as seen.

The contemporary kitchen features dark graphite cabinetry, integrated appliances including a microwave and stainless-steel oven/hob, plumbing for all appliances plus a dryer, and opens directly to the dining area with its glass-top table and rattan chairs. A large private balcony with serviced external sliding shutters and a timber deck extends the living space outdoors, complete with an al fresco dining set.

The apartment offers 2 bedrooms, including a main en-suite bathroom, plus a separate second bathroom, and is equipped with split-system air conditioning. The building provides concierge service, 24-hour security, and 2 underground open parking bays. Short-term letting (Airbnb) is permitted and the building is pet friendly subject to body corporate approval. The apartment has never been rented out, making it a pristine, immediately lettable asset just steps from world-class coffee roasteries, boutique restaurants, and vibrant city life.

Rooms & layout

Bedroom × 2
Bathroom × 2
Open-plan Lounge
Dining Area
Kitchen
Balcony
Room × 2

Features & amenities

air conditioningbalconyconcierge servicesecurityfurnishedTable Mountain viewspet friendlyparkinghigh ceilings24 hour security

Price & ownership

Asking price R 7 900 000
Price per m² R 64 228
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 7,9M
Taxes + legal + admin fees R 746,8K

Rough split: 91.4% purchase price, 8.6% buying costs.

  • Asking price R 7 900 000
  • Transfer duty (est.) R 646 356
  • Deeds Office (transfer) R 6 865
  • Conveyancing (est., incl. VAT) R 93 534
  • Deeds lodgement R 52
  • Total indicative R 8 646 807

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 74 602 /month

Total paid over 20 years (deposit + repayments): R 18 694 505

Deposit 10% · R 790 000
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 7 110 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.