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Venice House

Apartments (36)
From R1,425,000
Size from 25m² to 126m²
Website

Modern Luxury meets Old World Charm

Step into a new era of city living at Venice House, a re-imagined boutique development that celebrates the rich heritage and architecture of the existing building and it’s surrounds.

Located in the heart of Cape Town’s highly cherished tourist-filled City Centre, this exclusive investment opportunity is brought to you by Prospekt Property Development. On the basement level, you’ll find the New York-style basement loft apartments; then as you venture up you’ll discover beautifully designed studios and one-bedroom apartments. Crowning this splendid symphony are two penthouses on the top floor, their spacious terraces offering panoramic views of the dynamic cityscape.

Nestled just a street away from the renowned Long Street and Green Market Square, this location places popular tourist attractions at your very doorstep. The famous City Sightseeing Red Tour Bus stop, a gateway to exploration, is a few steps away, inviting you to uncover the city’s hidden gems. Quaint boutiques, tantalizing eateries, and vibrant bars line the nearby streets, offering a tapestry of experiences that capture Cape Town’s essence.

Venice House isn’t just a home; it’s an experience. Classic and contemporary design will feature throughout the building boasting a luxury hotel feel. With 24-hour security and concierge service, every detail has been carefully considered to ensure a lifestyle that’s not just convenient, but truly extraordinary.

On the ground floor you’ll find a beautifully appointed coffee shop and eatery within the premises providing the perfect gathering space that effortlessly marries ambiance with delectable delights.

For those with a discerning eye on the future, Venice House presents an unparalleled investment opportunity. Capitalize on Cape Town’s standing as an award-winning tourist destination, offering both long and short-term rental possibilities that promise not just financial gains, but a chance to be part of the city’s dynamic heartbeat. What’s more is that Venice House falls within the Urban Development Zone meaning that buyers can unlock massive tax benefits.

Features

  • 24-hour security with access control
  • Professional concierge service
  • Ground floor lobby and coffee shop
  • In-house Gym
  • Backup power for communal areas and Wi-Fi
  • DSTV and High-Speed Fibre Connectivity
  • Bespoke Furniture Packs available
  • High long and short-term rental demand area
  • Urban Development Zone tax benefits
  • Section 13Sex tax benefits
  • No transfer duties
  • Projected net yields up to 9,47% pa
  • Short build time with expected completion Q4 2024

Downloads

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Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

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Postage and Petties
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Vat 15%
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