Property
South Africa

2

Beds

2

Baths

123 m²

Floor area

Apartment 2 beds 2 baths 123 m²

About this property

Presented by Team Sierra & Tyson Properties, this exceptional 123 m² apartment in the heart of De Waterkant — one of Cape Town's most cosmopolitan and sought-after neighbourhoods — is a rare, turn-key opportunity that combines luxury living with strong investment potential.

The open-plan living, dining, and kitchen area is anchored by impressive exposed-concrete coffered ceilings, wide-plank light-oak flooring, and floor-to-ceiling sliding glass doors that frame spectacular north-west-facing views over the De Waterkant roofscape toward Signal Hill. The generous living zone is styled with premium Weylandts furnishings — oversized L-shaped sectional sofa, velvet accent chairs, and designer coffee tables — and is sold fully furnished exactly as seen.

The contemporary kitchen features dark graphite cabinetry, integrated appliances including a microwave and stainless-steel oven/hob, plumbing for all appliances plus a dryer, and opens directly to the dining area with its glass-top table and rattan chairs. A large private balcony with serviced external sliding shutters and a timber deck extends the living space outdoors, complete with an al fresco dining set.

The apartment offers 2 bedrooms, including a main en-suite bathroom, plus a separate second bathroom, and is equipped with split-system air conditioning. The building provides concierge service, 24-hour security, and 2 underground open parking bays. Short-term letting (Airbnb) is permitted and the building is pet friendly subject to body corporate approval. The apartment has never been rented out, making it a pristine, immediately lettable asset just steps from world-class coffee roasteries, boutique restaurants, and vibrant city life.

Rooms & layout

Bedroom × 2
Bathroom × 2
Open-plan Lounge
Dining Area
Kitchen
Balcony
Room × 2

Features & amenities

Air conditioningBalconyConcierge serviceSecurityFurnishedTable Mountain viewsPet friendlyParkingHigh ceilings24 hour security

Price & ownership

Asking price R 8 500 000
Price per m² R 69 106
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 8,5M
Taxes + legal + admin fees R 816,9K

Rough split: 91.2% purchase price, 8.8% buying costs.

  • Asking price R 8 500 000
  • Transfer duty (est.) R 712 356
  • Deeds Office (transfer) R 7 387
  • Conveyancing (est., incl. VAT) R 97 094
  • Deeds lodgement R 52
  • Total indicative R 9 316 889

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 80 268 /month

Total paid over 20 years (deposit + repayments): R 20 114 340

Deposit 10% · R 850 000
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 7 650 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 8 500 000