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7 Riebeeck Str., Foreshore, Cape Town, Western Cape
R 1 295 000
If you’ve been waiting for the right inner-city investment, this might be it. Welcome to Unit 805 at BlackBrick Foreshore — a fully furnished, turnkey studio positioned on the iconic St George’s Mall, one of Cape Town’s most historic and walkable precincts. Surrounded by landmark buildings like Shell House and the Old Mutual precinct, this address blends heritage with modern urban living. This is a compact, high-impact investment designed for flexibility. Owners have two clear pathways: • Place the unit in the BlackBrick hotel pool for professionally managed short-term income • Or opt for a long-term rental, where demand for well-located CBD apartments remains strong The building operates as a managed apartment-hotel, meaning you benefit from short-term letting without the hands-on effort — while also preserving the option to pivot strategies as the market evolves. Fully furnished and move-in ready, the apartment offers lock-up-and-go convenience, making it ideal for local or international buyers seeking a low-maintenance asset with lifestyle appeal. BlackBrick itself is more than just a building — it’s a dynamic, community-driven environment with shared workspaces, social areas, and a built-in tenant base that supports consistent demand. The Foreshore precinct continues to grow in importance, sitting between the CBD, V&A Waterfront, and CTICC — a location that consistently attracts professionals, students, and travellers. Units in this building are often occupied, which speaks directly to demand — and why opportunities like this are increasingly scarce.
Estimated monthly repayment
R 12 229
on a R 1 165 500 bond over 20 years at 11.25%
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7 Riebeeck Str., Foreshore, Cape Town, Western Cape
Fair-value check
Good valuePriced 52% below comparable 1-bed apartments for sale in Foreshore
Based on 71 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Grace Coetzee
Unclaimed listing — claim it to verify
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