’The Queen of Adderley Street’ is getting auctioned off on October 12. So if you have a few millions, you just may own a piece of Cape Town history. Picture: Aucor Property website
’The Queen of Adderley Street’ is getting auctioned off on October 12. So if you have a few millions, you just may own a piece of Cape Town history. Picture: Aucor Property website

The famous Standard Bank building in Cape Town is going under the hammer – have you got a few millions?

By Vernon Pillay Time of article published Sep 29, 2021

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“The Queen of Adderley Street” is getting auctioned off on October 12. So if you have a few millions, you just may own a piece of CT history.

The stunning and historical property was built in in 1881 and was the base for Standard Bank for about 70 years.

The bank vacated the property in 2011 and since then it has been vacant, though there has been plans to turn the iconic property into a museum.

Who built it?

The landmark was designed by famed 19th century architect Charles Freeman.

Some of his other famous buildings in Cape Town include the Methodist Church in Greenmarket Square, that was built in 1878, and the Grand Hotel, that was built in 1894.

He also created the first five-star hotel in Cape Town, that was commissioned by the Union steamship company but that is now demolished.

Back to the Queen of Adderley…

Once finished, “the landmark in Adderley” housed Standard Bank for 68 years as the company moved its head office from Port Elizabeth to Cape Town.

Picture: Aucor Property website

At first Standard Bank said the property would never be sold as it held to much value, in terms of heritage.

But alas they clearly have changed their mind and the property will go on auction in October.

The auction will be conducted by Aucor Property at Houghton Golf Club in Joburg.

“The building is well maintained and has unique and original fittings. The large, double volume banking hall is grandiose and light filled, and features a classic black and white checkerboard floor, original wood counters and gilded columns, which ultimately create a dramatic visual setting. This makes it an ideal space for events or exhibitions,” according to Dino Smit, Aucor’s business development executive.

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