Property
South Africa

1

Beds

1

Baths

34 m²

Floor area

Apartment 1 bed 1 bath 34 m²

About this property

Perched on the fifth floor of a strikingly restored heritage building in Cape Town's City Centre, this compact mezzanine studio apartment is a rare fusion of Parisian-inspired architecture and crisp contemporary design. The building's mansard roofline, ornate stone cladding, arched dormers, and wrought-iron balustrades signal a painstaking heritage redevelopment by Prospekt — a development that sits mere steps from The Company's Garden (±140 m) and the Nice Café at Church House (±56 m).

Inside, soaring double-volume ceilings anchor a bright open-plan living and kitchen area finished in light oak herringbone parquet, white panel-moulded walls, and premium joinery. A timber-and-steel mezzanine level — accessed via an elegant white-baluster staircase — creates the mezzanine bedroom platform, maximising every square metre of the 34 m² footprint. Oversized pendant lights and recessed downlights layer the lighting, while a curated art wall and navy soft furnishings complete the sophisticated palette in the CGI render.

Floor plans on file confirm the unit layout including an open-plan kitchen and living area, bathroom, and mezzanine bedroom — with adjacent units on the same level evidencing the building's tight-knit boutique character.

Key highlights: • Heritage building, freshly refurbished façade with mansard roof and ornamental ironwork • Double-volume open-plan living with mezzanine bedroom • Light oak herringbone parquet flooring and white panel-moulded walls • High-quality joinery and contemporary pendant lighting • City views from the 5th floor • Optional parking bay and storeroom available • Levies: R2,200/month | Rates: R1,750/month • Estimated rental income: ±R25,000 p/m • Qualifies for UDZ (Section 13Sex) tax deductions • No transfer duties payable • Anticipated completion Q4 2025

Rooms & layout

Open-plan Kitchen & Living Area
Mezzanine Bedroom
Bathroom

Features & amenities

City views5th floorOpen planHigh quality finishesOptional parkingStoreroomsHeritage redevelopmentHeritage architectureMansard roofDouble volume ceilings

Price & ownership

Asking price R 3 050 000
Price per m² R 89 706
Municipal valuation -

Cost to buy (indicative)

This listing is marked as a VAT-vendor sale. The price is treated as VAT-inclusive; transfer duty does not apply. Registration and conveyancing fees still apply.

Upfront split

Property price R 3,1M
Taxes + legal + admin fees R 54,5K

Rough split: 98.2% purchase price, 1.8% buying costs.

  • Asking price R 3 050 000
  • Deeds Office (transfer) R 2 650
  • Conveyancing (est., incl. VAT) R 51 755
  • Deeds lodgement R 52
  • Total indicative R 3 104 457

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 28 802 /month

Total paid over 20 years (deposit + repayments): R 7 217 499

Deposit 10% · R 305 000
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 2 745 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 3 050 000