Property
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 2 400 000
Price per m² R 30 769
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 2,4M
Taxes + legal + admin fees R 104,9K

Rough split: 95.8% purchase price, 4.2% buying costs.

  • Asking price R 2 400 000
  • Transfer duty (est.) R 59 200
  • Deeds Office (transfer) R 2 086
  • Conveyancing (est., incl. VAT) R 43 565
  • Deeds lodgement R 52
  • Total indicative R 2 504 903

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 22 664 /month

Total paid over 20 years (deposit + repayments): R 5 679 343

Deposit 10% · R 240 000
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 2 160 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 2 400 000