Live a little
LOVE LOFT LIVING
Ditch the suburbs, embrace the beat. Set above the Woodstock Exchange at 66 Albert Road, Signatura has enhanced this iconic retail and commercial hub with 118 stylish pads boasting panoramic views, awesome amenities, and ultra-chic design. WEX Lofts is your front-row seat to Woodstock’s creative pulse. Think eye-grabbing street art, avant-garde galleries, caffeine-fuelled adventures, and a non-stop cultural scene at the cutting edge of cool.
- Studio, one-bed, and two-bed apartments
- Prices range from R850,000 to R1,825 million
Apartments
MAXIMISE YOUR INVESTMENT
WEX Lofts presents a prime investment opportunity in the heart of Woodstock. These studio, one and two-bedroom apartments boast sleek finishes, smart layouts, and panoramic views, perfectly designed to attract both short and long-term stays. Maximise your returns with these stylish urban escapes, ideal for young professionals, couples, and digital nomads seeking comfort and convenience.
Location
The Cape’s Coolest Corner
Perched above the legendary Woodstock Exchange, WEX Lofts drops you right into the heart of the action. This is where Cape Town’s industrial past collides with its creative present, a melting pot of old-school charm and new-age energy.
Imagine popping down to Rays Retail Nursery for a new houseplant, grabbing a coffee and browsing the latest designs, then heading over to The Old Biscuit Mill for artisan finds and a delicious meal at The Pot Luck Club. Afterwards, you could treat yourself to some sustainable fashion at Sage & Sunday, known for its ethical and eco-friendly practices.
With WEX Lofts as your HQ, you’re not just living in Woodstock, you’re truly living it.
Here’s what else is on your doorstep:
- Woodstock Exchange: Innovation, design & coffee
- The Old Biscuit Mill: Artisan markets & finds
- Foodie Paradise: Top restaurants nearby
- Salt River: Street art and vibrant culture
- Cape Town CBD: Work and play nearby
- V&A Waterfront: Retail therapy heaven
- Table Mountain & Lion’s Head: Epic hikes & views
Live a little
Features
PERKS THAT POP
Beyond the stylish apartments, WEX Lofts offers a vibrant blend of modern living and the raw energy of Woodstock. Enjoy a whole host of amazing amenities right at your fingertips, designed to elevate your urban lifestyle.
Score sweet perks right on your doorstep:
- 24/7 Security: Always safe and secure
- Reception Desk: 24/7 assistance
- High-Speed WiFi & Fibre: Stay connected
- On-Site Cafés & Restaurants: Convenient dining
And just across the road at WEX1, you’ll unlock even more awesomeness:
- Pool Deck: Sun-soaked days & starlit nights
- State-of-the-Art Gym: Get your sweat on
- Residents’ Lounge: Relax, play & connect
Invest
MAKE YOUR MOVE
Investors, this one’s for you. WEX Lofts in Cape Town is your ticket to urban living and lucrative returns. It’s a financial slam dunk. Low interest rates + Woodstock’s booming popularity = serious rental demand. Think short-term stays, managed effortlessly by Perch Short Stays, and long-term leases in a neighbourhood where demand exceeds supply. Studio, one-bed, and two-bed apartments are perfectly positioned to attract tenants seeking urban adventure and Woodstock Exchange convenience. This is your investment opportunity to capitalise on short and long stay trends in a prime location.
Short-Term Rental Projections
- Studios: R11,083.33
- One-Beds: R14,000.00
- Two-Beds: R17,083.33
Long-Term Rental Projections
Studios
- Furnished: R11,000 – R12,500
- Unfurnished: R9,500 – R10,500
One-Beds
- Furnished: R15,000 – R16,000
- Unfurnished: R13,000 – R14,000
Two-Beds
- Furnished: R18,500 – R19,500
- Unfurnished: R16,500 – R17,500
Unlocking your R100 000 launch discount
To unlock your discount, simply click the green discount button below the price on any unit and follow the prompts to complete your Buyer Profile & unlock the discount on all units. Once completed, the discounted price will show on the price list.
Terms & Conditions apply.
Tax Incentives
UDZ
Urban Development Zone (UDZ) incentives in Cape Town are part of a South African government initiative aimed at encouraging private sector investment in certain urban areas through tax incentives.
What is it?
The Cape Town UDZ tax incentive is a SARS administered tax incentive encouraging residential and commercial development in certain specified areas in Cape Town, in which Paradigm will be located. The tax incentive offers property owners a tax deduction against taxable income over eleven years and could act as a deferment of tax payable until the apartment is sold.
How does it work?
The purchaser of a redeveloped residential apartment located in the UDZ will be able to claim an income tax allowance. 55% of the purchase price is deductible. The tax allowance is claimed over eleven years at a rate of 20% in the first year and 8% in the succeeding ten years. The tax allowance is recouped on the sale of the apartment for an amount greater than or equal to cost, which can be deferred for as long as the owner holds the property.
Example:
On a residential apartment with a cost of R2 million, the purchaser is entitled to claim a tax allowance of 55% of the cost of the unit, which equals R1 100 000 over eleven years. The R1 100 000 tax allowance is claimed over eleven years at a rate of 20% in the first year and 8% in the succeeding ten years which results in an annual income tax deduction of R220 000 in the first year and R88 000 in the subsequent ten years.
Disclaimer
Please note that the UDZ tax incentive contains a number of requirements which must be met in order to claim the tax allowance. The examples detailed above are of a generic nature and may not apply in certain instances. The developer and its affiliates do not provide tax advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax advice. You should consult your own tax advisors before engaging in any transaction.
UDZ is set for review in May of 2026 by the SA Government.
13Sex
Investors have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new, residential rental units (do not all have to be from the same development), to claim up to 55% of the purchase price as a tax deduction.
Example:
- Purchase five units at a total price of R19,868,075.
Minus the launch discount: R1,000,000 (R200,000 per unit if purchased at launch). - Final purchase price: R18,868,075.
- Deemed purchase price: R10,377,441 (55% of the final purchase price).
- 5% of the deemed price may be used as a tax deduction per year.
This equates to a tax deduction (tax write-off) of R518,872 per year for 20 years.
Total tax write-off: R10,377,441 (over 20 years).
How the interactive online sales platform works
- Sales launch online at 1pm on Wednesday, 13 November 2024 via the interactive price list: https://wexlofts.signatura.biz/
- Ahead of the sales launch, you will be able to view and browse all the available units by visiting the user-friendly interactive price list.
- Here you can easily browse the available units and use the filters and sort function to narrow down your search.
- On each unit the layout, all costs and expected rentals are shown.
- Once sales go live you can reserve your preferred unit/s.
Developers
Signatura & Indigo Properties: A Story of Urban Renewal
Signatura, founded by industry legend John Rabie, and Indigo Properties, developers of the Old Biscuit Mill and Woodstock Exchange, bring their vision to WEX Lofts. Following the success of WEX1 and WEX2, WEX Lofts is a vibrant residential precinct in the heart of Woodstock. It offers high-speed internet (Bunny Digital), long-term rentals (Signatura Rentals), and effortless short-term letting (Perch Short Stays).
Get pre-approved with BetterBond
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WEX Lofts Online Sales Launch
Don’t miss this opportunity to invest in the heart of Cape Town’s creative hub, from the comfort of your own home with our exclusive online launch and sale.
Here’s what you need to know:
- Sales launch online: 1pm on Wednesday, 13 November 2024
- Launch discount: R100,000 off for launch-day buyers
- Get pre-qualified: Secure your finance with BetterBond
- Shortlist now: Choose your favourite apartments today
Enquire
Michael McElhone
+27 (0)64 756 4960
michael@signatura.biz
Quintin Harris
+27 (0)60 799 0241
quintin@signatura.biz