Signatura · Cape Town
Station House
A heritage office block reimagined as high-yield city apartments.
- Price from
- R 1 395 000
- Gross yield
- 9.4% gross / 7.3% net
- Projected ROI
- 12.3% p.a. blended
- Completion
- Q1 2027
Overview
Heritage Conversion Apartments in 80 Strand Street, Cape Town CBD
Station House converts a landmark CBD building into 120 efficiently planned apartments aimed squarely at the young professional rental market. The conversion retains the original structural rhythm while introducing a new rooftop deck, co-working lounge and full backup infrastructure.
- Lowest entry price into the Cape Town CBD
- Heritage conversion — faster delivery than new-build
- Rooftop deck with Table Mountain and harbour outlook
- Designed for the R11 000–R18 000 rental bracket with deepest tenant pool
- Rental guarantee of 8% for the first 12 months on selected units
Unit schedule
Prices, sizes and returns
| Unit type | Size | Price | Deposit | Monthly bond | Term | Est. rental | ROI |
|---|---|---|---|---|---|---|---|
| Studio | 28 – 34 m² | R 1 395 000 | R 140 000 | R 13 200 | 240 months (20-year bond) | R 10 500 pm | 9.0% gross |
| 1 Bedroom | 42 – 52 m² | R 1 895 000 | R 190 000 | R 17 900 | 240 months (20-year bond) | R 14 500 pm | 9.2% gross |
| 2 Bedroom | 68 – 84 m² | R 2 995 000 | R 300 000 | R 28 300 | 240 months (20-year bond) | R 22 500 pm | 9.0% gross |
| 3 Bedroom | 108 – 126 m² | R 4 450 000 | R 445 000 | R 42 000 | 240 months (20-year bond) | R 33 000 pm | 8.9% gross |
Bond repayments modelled at the current South African prime rate of 11.25% over 20 years. Figures are indicative and subject to bank approval.
Payment plan
Staged developer instalment plan
15% deposit split over the first three months
25% in equal quarterly instalments linked to construction milestones (slab, topping-out, facade)
60% on transfer, bond registration and occupation
Up to 100% bonds available for South African residents; 50% LTV for non-resident buyers
Instalments are interest-free and held in a Section 78(2A) attorney trust account.
Investment analysis
Model your return
- Gross rental yield
- 9.03%
- Net rental yield
- 7.05%
- Net annual income
- R 98 280
- Cash invested
- R 139 500
- Value in 5 years
- R 1 866 825
- 5-yr return on equity
- 690%
Assumes 22% of gross rental absorbed by levies, rates, management and vacancy. Illustrative only — not financial advice.
Gallery
Renders, interiors and site progress
Programme
Construction timeline
- Completed
Land acquisition & rights approved
Complete
- Completed
Bulk earthworks & piling
Complete
- Completed
Basement & podium structure
Complete
- Programmed
Superstructure & topping out
Scheduled
- Programmed
Facade, glazing & fit-out
Scheduled
- Q1 2027
Practical completion & transfer
Scheduled
Amenities & location
What surrounds the building
Amenities
- 24/7 manned security & biometric access
- Backup power and water infrastructure
- Rooftop infinity pool & sun deck
- Fully equipped fitness studio
- Co-working lounge and boardroom
- Concierge and parcel management
- Fibre-ready throughout
- Secure basement parking
- Landscaped podium gardens
- Pet-friendly policy
Schools
- Rustenburg Girls' High (4.5 km)
- SACS Junior School (5 km)
- German International School (3 km)
Healthcare
- Christiaan Barnard Memorial Hospital (1.2 km)
- Netcare Christiaan Barnard (1.5 km)
- Groote Schuur (4 km)
Retail
- V&A Waterfront (2.5 km)
- Gardens Centre (2 km)
- Cape Quarter (1.8 km)
Transport
- Cape Town Station (900 m)
- MyCiTi Civic Centre (600 m)
- CTIA Airport (18 km)
FAQs
Common questions
Can foreign nationals buy at Station House?
Yes. Non-residents may purchase South African property in their own name. Funds must be introduced through an authorised dealer bank and recorded as foreign capital so proceeds can be repatriated on resale. Non-residents typically qualify for a 50% loan-to-value local bond.
What is payable in addition to the purchase price?
New off-plan developments carry no transfer duty — VAT is included in the listed price. Buyers pay bond registration costs where a bond is raised, plus a first levy contribution and municipal deposit on occupation.
When is occupation expected?
Practical completion and first occupation are programmed for Q1 2027, subject to the standard construction contract provisions.
Is my deposit protected?
All deposits are held in a Section 78(2A) interest-bearing attorney trust account in the purchaser's favour until transfer, and the development is registered with the NHBRC.
Do you assist with letting after transfer?
Yes. PrimeStone Rentals offers a full letting and management mandate covering tenant placement, compliance and monthly reporting at 8% of gross rental.