1
Beds
1
Baths
31 m²
Floor area
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
Features & amenities
Price & ownership
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
Rough split: 97.1% purchase price, 2.9% buying costs.
- Asking price R 510 000
- Deeds Office (transfer) R 443
- Conveyancing (est., incl. VAT) R 14 524
- Deeds lodgement R 52
- Total indicative R 525 019
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 1 206 860
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 459 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.
R 510 000