Sale
South Africa

1

Beds

1

Baths

31 m²

Floor area

Apartment 1 bed 1 bath 31 m²

About this property

Seize a prime investment opportunity in the vibrant Wynberg neighbourhood of Cape Town with these well-appointed bachelor apartments in the Grand Central complex. Each 31 m² studio unit offers a practical open-plan living and sleeping area, cleverly partitioned for privacy, together with a fully fitted kitchen featuring white flat-panel cabinetry, dark laminate countertops, a four-plate electric hob, black undercounter oven, and a breakfast island with bar overhang — all set against white-painted brick walls with dark carpet flooring throughout.

Built-in cupboards provide ample storage, and the efficient layout maximises every square metre. Grand Central is a modern, multi-storey complex showcasing an orange-and-cream facade, individual balconies with metal railings, solar panels along the roofline, ground-floor retail spaces, a boom-gate vehicle entrance, and a large secure rear courtyard parking area. Round-the-clock security with fingerprint access control ensures a safe living environment for residents.

The complex sits virtually on the doorstep of Solo Wynberg shopping mall (approx. 11 m away), with Maynardville Park (approx. 211 m), Dis-Chem Pharmacy (approx. 245 m), and Wynberg Centre (approx. 355 m) all within easy walking distance. A Fine Supermarket is roughly 307 m away, and multiple eateries and takeaways are moments from your door. Public transport routes and a wide range of local services are readily accessible in this well-established urban neighbourhood.

This is an exceptional buy-to-let proposition: the seller offers a 12-month guaranteed rental income on tenanted units, and attractive discounts are available on cash purchases.

Rooms & layout

Open-plan bedroom / living area
Kitchen
Bathroom
Balcony

Features & amenities

bachelor apartmentinvestment property24 hour securityfingerprint accessopen planbuilt in cupboardskitchengas hobislandparking

Price & ownership

Asking price R 500 000
Price per m² R 16 129
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 500K
Taxes + legal + admin fees R 14,9K

Rough split: 97.1% purchase price, 2.9% buying costs.

  • Asking price R 500 000
  • Deeds Office (transfer) R 435
  • Conveyancing (est., incl. VAT) R 14 375
  • Deeds lodgement R 52
  • Total indicative R 514 862

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 4 722 /month

Total paid over 20 years (deposit + repayments): R 1 183 196

Deposit 10% · R 50 000
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 450 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.