Sale
South Africa

2

Beds

2

Baths

78 m²

Floor area

Apartment 2 beds 2 baths 78 m²

About this property

EXCLUSIVE SOLE MANDATE

A stylish two-bedroom apartment in the iconic Upper East Side complex, situated in the trendy and vibrant suburb of Salt River, Cape Town. Spanning 78 m², this well-maintained unit is an outstanding investment opportunity with excellent rental-return potential.

The open-plan lounge and dining area is bathed in natural light thanks to double-volume-height windows, and is finished with exposed brick feature walls, industrial-style ducted ceilings, timber-look flooring, and contemporary décor — giving the space a distinct urban-loft character. A private verandah extends the living area outdoors.

Both bedrooms are generously proportioned with ample built-in cupboard space. The main bedroom features a full-height window framing neighbourhood and mountain views. The second bedroom is equally versatile, ideal as a guest room, home office, or workout space.

The kitchen is fitted with granite surfaces, an undercounter oven and hob, ample cabinetry, and a practical layout. Two bathrooms combine quality finishes with a clean, functional aesthetic.

Residents enjoy exclusive in-building access to a pool and fully equipped gym, with 24/7 manned security throughout. One secure parking bay is included.

The building's ground-floor Bistro 31 restaurant and the adjacent DoubleTree by Hilton hotel courtyard are literally on the doorstep. Salt River Station (±217 m) and multiple MyCiTi bus stops provide excellent public-transport links. The City Centre, V&A Waterfront, Woodstock's Old Biscuit Mill, and the breweries and cafés of the creative quarter are all just minutes away, with Groote Schuur Hospital and UCT reachable in a short drive.

Rooms & layout

Bedroom × 2
Bathroom × 2
Kitchen
Lounge/Dining
Verandah/Balcony
Parking Bay

Features & amenities

poolgymsecurityparkingmodernopen-planverandahgranite kitchen24/7 manned securitysecure parking

Price & ownership

Asking price R 2 300 000
Price per m² R 29 487
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 2,3M
Taxes + legal + admin fees R 96,1K

Rough split: 96.0% purchase price, 4.0% buying costs.

  • Asking price R 2 300 000
  • Transfer duty (est.) R 51 786
  • Deeds Office (transfer) R 1 999
  • Conveyancing (est., incl. VAT) R 42 305
  • Deeds lodgement R 52
  • Total indicative R 2 396 142

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 21 720 /month

Total paid over 20 years (deposit + repayments): R 5 442 704

Deposit 10% · R 230 000
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 2 070 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.