Abland & Nedbank Property Partners · Cape Town
The Rubik
A sculptural glass tower on the last harbour-facing corner of Loop Street.
- Price from
- R 1 895 000
- Gross yield
- 8.6% gross / 6.7% net
- Projected ROI
- 10.8% p.a. blended
- Completion
- Completed — immediate occupation
Overview
Luxury Apartment Tower in 1 Loop Street, Cape Town CBD
The Rubik's faceted glass form is one of the most recognisable additions to the Cape Town skyline. Its 199 apartments sit above premium-grade offices, with north-facing units capturing Table Mountain and harbour views simultaneously. Interiors are specified in a restrained palette of stone, oak and matt black ironmongery.
- Iconic faceted facade designed by dhk Architects
- Dual mountain and harbour outlook from upper floors
- Proven short-let performance above 80% occupancy
- Walk-to-work location among the CBD's blue-chip office stock
- Immediate transfer — income from month one
Unit schedule
Prices, sizes and returns
| Unit type | Size | Price | Deposit | Monthly bond | Term | Est. rental | ROI |
|---|---|---|---|---|---|---|---|
| Studio | 33 – 40 m² | R 1 895 000 | R 190 000 | R 17 900 | 240 months (20-year bond) | R 13 000 pm | 8.2% gross |
| 1 Bedroom | 48 – 61 m² | R 2 695 000 | R 270 000 | R 25 400 | 240 months (20-year bond) | R 18 500 pm | 8.2% gross |
| 2 Bedroom | 82 – 99 m² | R 4 450 000 | R 445 000 | R 42 000 | 240 months (20-year bond) | R 29 500 pm | 8.0% gross |
| 3 Bedroom | 134 – 168 m² | R 7 100 000 | R 710 000 | R 67 000 | 240 months (20-year bond) | R 46 000 pm | 7.8% 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
Off-plan construction-linked plan
10% deposit on signature of the sale agreement
Balance secured by an approved bank guarantee or bond grant within 30 days — no further cash instalments during construction
90% payable on transfer and occupation certificate
Bond pre-approval available through Standard Bank, FNB, Absa, Nedbank and Investec
No transfer duty payable on new developments — VAT is included in the purchase price.
Investment analysis
Model your return
- Gross rental yield
- 8.23%
- Net rental yield
- 6.42%
- Net annual income
- R 121 680
- Cash invested
- R 189 500
- Value in 5 years
- R 2 535 937
- 5-yr return on equity
- 659%
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
- Completed
Superstructure & topping out
Complete
- In progress
Facade, glazing & fit-out
Complete
- Completed — immediate occupation
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 The Rubik?
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 Completed — immediate occupation, 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.