--- title: "Signatura offers WEX Lofts in Woodstock's creative hub from R850,000" description: "Signatura has announced the upcoming launch of WEX Lofts, a bold new residential development located above the Woodstock Exchange." type: "NewsArticle" publisher: "Daily Maverick" site: "https://www.dailymaverick.co.za" section: "Sponsored Content" author: "Signatura" author_url: "https://www.dailymaverick.co.za/author/signatura/" canonical_url: "https://www.dailymaverick.co.za/article/2024-10-24-signatura-offers-wex-lofts-in-woodstocks-creative-hub-from-r850000/" published: "2024-10-24T09:55:08" updated: "2024-10-28T06:23:57" lang: "en-ZA" word_count: 805 --- # Signatura offers WEX Lofts in Woodstock's creative hub from R850,000 > Signatura has announced the upcoming launch of WEX Lofts, a bold new residential development located above the Woodstock Exchange. By Signatura · Published 24 October 2024, 11:55 SAST · Updated 28 October 2024, 08:23 SAST ## Key points - WEX Lofts is rolling out the red carpet for savvy investors and urban adventurers alike, with chic apartments starting at R850,000 in Woodstock—where the only thing hotter than the property prices is the creative energy of the streets. - WEX Lofts in Woodstock offers affordable studio, one, and two-bedroom apartments starting at R850,000, targeting both short and long-term rental markets. - The development features 118 investment units with premium amenities, including a gym, pool deck, and communal workspace, set to complete by November 2025. - Investors benefit from low service fees through a partnership with Perch Short Stays, capitalizing on rising rental demand amid the semigration trend. - Located in an Urban Development Zone, buyers can access significant tax benefits, enhancing the investment appeal of this stylish urban lifestyle offering. ## Content With studio, one, and two-bedroom apartments starting from just R850,000, WEX Lofts offers buyers a competitively-priced entry point into the lucrative Cape Town buy-to-let market with a product tailored to attract both short and long-term tenants to the unique creative energy of the area. **Key details:** - Studios, one and two-bedroom apartments - Prices range from R850,000 to R1,825 million - 118 Prime investment units - 66 Albert Rd, Woodstock - Expected completion: December 2025 Visit [the website](https://signatura.biz/wexlofts/?utm_source=Daily+Maverick) to find out more. ![Image](https://www.dailymaverick.co.za/wp-content/uploads/2024/10/WEX-Lofts_DailyMav_1200x900_6.jpg) ### **Unlock the WEX1 Lifestyle** WEX Lofts is an exciting addition to the vibrant WEX precinct, spearheaded by the award-winning mixed-use development WEX1. Residents will not only enjoy unparalleled access to WEX1's world-class facilities located right across the road but will also unlock a lifestyle that transcends mere living spaces. Premium amenities await, just steps from their front door: - A fully-equipped gym for fitness enthusiasts - A pool deck with stunning views - Café and restaurant options on your doorstep - A 200m² lounge area with big-screen TVs - A communal workspace to connect and collaborate - 24/7 security for peace of mind - High-speed fibre connectivity for staying connected Find out more [online](https://signatura.biz/wexlofts/?utm_source=Daily%20Maverick). ### **An Urban Adventure in Woodstock** "Woodstock is one of Cape Town’s most eclectic and exciting areas,” says Signatura, developers of WEX Lofts. “It’s the perfect location for WEX Lofts, where the city’s creative energy and urban edge meet. Residents can skateboard past world-class street art, cycle to their favourite coffee spots, or take a quick Uber to the city’s hottest new gin bar. This development captures the very essence of city living, making every day an adventure.” With its prime location, WEX Lofts offers residents the opportunity to live in a district known for its thriving street art scene, creative spaces like the Woodstock Exchange, and iconic landmarks such as The Old Biscuit Mill. The area is also well-connected to the Cape Town CBD and major transport routes, making it ideal for young professionals and students. Find out more [online](https://signatura.biz/wexlofts/?utm_source=Daily+Maverick). ![Image](https://www.dailymaverick.co.za/wp-content/uploads/2024/10/WEX-Lofts_DailyMav_1200x900_7.jpg) ### **Investment Sweet Spot: Low Fees, High Returns, & the Semigration Surge** For discerning investors, WEX Lofts presents an exceptional opportunity. The recent drop in interest rates, coupled with Woodstock's popularity among local and international tourists creates a perfect storm for high rental demand and attractive returns. WEX Lofts benefits from a strategic partnership with Perch Short Stays. Perch offers market-disrupting low service fees, translating to higher profitability for investors compared to other short-term rental management providers. This maximises rental income potential and streamlines the investment experience for WEX Lofts owners. Furthermore, WEX Lofts taps into the ongoing semigration trend. As the Western Cape continues to attract residents from other parts of South Africa, the demand for affordable accommodation in prime locations like Woodstock is surging. With prices starting at just R850,000, WEX Lofts provides an attractive entry point into the Western Cape property market, appealing to semigrators seeking a foothold in this sought-after region. "Rental returns have been steadily rising in Woodstock and WEX Lofts, with its competitive pricing and partnership with Perch Short Stays, is ideally positioned to capitalise on this growth. It's a rare opportunity to invest in an area with strong capital appreciation potential, fueled by both lifestyle appeal and semigration demand." ![Image](https://www.dailymaverick.co.za/wp-content/uploads/2024/10/WEX-Lofts_DailyMav_1200x900_1.jpg) ### **Enjoy UDZ & 13Sex Tax Benefits** WEX Lofts falls within an Urban Development Zone (UDZ\*), offering significant tax advantages to property owners. Buyers can benefit from tax deductions against taxable income over eleven years. Investors also have access to the popular Section 13sex of the Income Tax Act No 58 of 1962, allowing those who own five or more new residential rental units to claim up to 55% of the purchase price as a tax deduction. *\*UDZ tax benefit is dependent on government approval.* ### **Latest Addition to Cape Town's Property Market** With planning approval expected within the next three months and construction set to begin in December 2024, WEX Lofts is on track for completion in December 2025. Offering 118 units ranging from 29 to 56 square meters, this development is poised to redefine affordable luxury in Cape Town’s urban core. WEX Lofts offers a unique opportunity for both investors and those seeking a stylish urban lifestyle in the heart of Woodstock. And here's the exciting part: To celebrate the launch, buyers who purchase a unit at the online launch at 1 pm on Wednesday, November 13th, 2024, via the interactive price list will receive a R100,000 discount! Find out more [online](https://signatura.biz/wexlofts/?utm_source=Daily%20Maverick). With limited units available, register your interest now to secure your spot. ![Image](https://www.dailymaverick.co.za/wp-content/uploads/2024/10/WEX-Lofts_DailyMav_1200x900_5.jpg) For more information or to register your interest, visit the [website](https://signatura.biz/wexlofts/?utm_source=Daily+Maverick) or contact: - Michael McElhone at +27 (0)64 756 4960 or michael@signatura.biz - Quintin Harris at +27 (0)60 799 0241 or quintin@signatura.biz **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 **DM**