Property
South Africa

2

Beds

2

Baths

79 m²

Floor area

Apartment 2 beds 2 baths 79 m²

About this property

Discover one of Bree Street's most exclusive investment opportunities — a top-floor, two-bedroom, two-bathroom apartment in The Barracks, a contemporary boutique development set above one of Cape Town's most storied historic landmarks at the corner of Bree and Strand Streets.

Spanning 79 m², the apartment is finished to a high modern standard, featuring warm engineered-wood flooring throughout the open-plan living and dining areas, recessed lighting, crisp white walls, and sliding glass doors that open onto two west-facing private balconies. From the upper balcony, unobstructed views of Table Mountain and the CBD skyline frame every sunrise and sundowner.

The north-facing main bedroom is bright and airy, with a green upholstered headboard, built-in cupboards, and a tiled en-suite bathroom. The second bedroom enjoys its own private balcony with Table Mountain views and a generous shower bathroom. The open-plan lounge and dining area is intelligently proportioned for both entertaining and everyday living, with a compact dining table, a grey corner sofa, and direct balcony access.

Building amenities include a rooftop yoga studio and an on-site coffee shop — both available for private hire — as well as a continuous power supply (load-shedding-free). A secure parking bay is available separately (purchase or rental at R 1 000/month).

Bree Street is the heartbeat of Cape Town's dining, gallery, and boutique scene. The Company's Garden is approximately 140 m away, and Nice Café at Church House is roughly 56 m from the front door — daily conveniences are within easy reach. Currently operating as a high-performing Airbnb, the apartment offers proven rental returns and strong occupancy for the discerning investor.

Rooms & layout

Bedroom × 2
Bathroom × 2
Lounge / Dining
Kitchen
Patio × 2

Features & amenities

Airbnb InvestmentTop Floor ApartmentCity ViewsTable Mountain ViewsBalconiesEn suite BathroomModern FinishesRooftop Yoga StudioCoffee ShopLoad Shedding Free

Price & ownership

Asking price R 5 700 000
Price per m² R 72 152
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 5,7M
Taxes + legal + admin fees R 489,8K

Rough split: 92.1% purchase price, 7.9% buying costs.

  • Asking price R 5 700 000
  • Transfer duty (est.) R 404 356
  • Deeds Office (transfer) R 4 953
  • Conveyancing (est., incl. VAT) R 80 479
  • Deeds lodgement R 52
  • Total indicative R 6 189 840

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 53 827 /month

Total paid over 20 years (deposit + repayments): R 13 488 440

Deposit 10% · R 570 000
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 5 130 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 5 700 000