Latest Posts

New cannabis bill could see construction taking the high road

The proposed amendments to the Cannabis for Private Purposes bill that seeks to further decriminalise cannabis usage and legalise South…

Read More..

Luxury vs ultra-luxury – What’s the difference?

BESPOKE LIFESTYLE: There are a number of key factors that distinguish ultra-luxury homes form the rest, not least that they’re…

Read More..

Creating sustainable growth and reducing poverty through structural transformation

Urban development domains ACRC’s analytical framework uses the concept of urban development domains to transcend both sectoral and traditional systems-based…

Read More..

A root cause of flooding in Accra: developers clogging up the city’s wetlands

Christopher Gordon, University of Ghana Ghana has six designated Ramsar sites. These are wetlands designated under the criteria of the…

Read More..

Nigerian property crime could be reduced if neighbourhoods were better designed

Adewumi Badiora, Olabisi Onabanjo University Nigeria has a very high crime rate. The Global Peace Index ranked it the world’s…

Read More..

Inner cities are growth engines attracting young homebuyers

Inner city living is boosting the city residential property market and driving urban rejuvenation Inner cities. Love them or hate…

Read More..

Kenya’s push for affordable housing is creating opportunities despite barriers

Raphael M. Kieti, University of Nairobi; Robert W. Rukwaro, University of Nairobi, and Washington H.A. Olima, University of Nairobi In…

Read More..

Heron IVC: Walking the green talk

Waterfall is closing the loop on waste Waterfall prioritises sustainability and responsible environmental stewardship as a strategic imperative, keeping the…

Read More..

22nd Aug 2022

Architect Africa Online

Africa's Leading Architecture Aggregator

One Thibault : Big City Life

Advertorial

The iconic Thibault building in Cape Town’s bustling city centre has been reimagined as a contemporary multi-use building

WORDS AND PHOTOS: SUPPLIED

One Thibault boasts a beautifully designed apartment space that offers exceptional value for money. Better yet, as a Section 12J-compliant development, those who invest before June 30 2021 will receive a 100% tax deduction on their invested amount.

Trend setting

As the world-wide trend of urbanisation continues and more young people move into the cities to maximise on professional and social opportunities, multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their own building and a sense of community through co-living and -working spaces. Meeting this need, One Thibault has been transformed by award-winning Vivid Architects into studio, one- and two-bedroomed apartments, with 24-hour manned security, a concierge, co-working spaces, laundry, common lounge areas, a restaurant and bar, and rooftop pool deck. “We wanted to create a luxurious experience of city living that is affordable. The apartments have been intelligently designed to optimise space, creating a sanctuary that’s safe, convenient and offers incredible views of Cape Town Harbour and Table Mountain,” says Steve Herring, Director of Thibault Investments.

One Thibault

Tax-efficient property investment

A huge incentive for buying into this development is that it qualifies as a Section 12J investment. Thibault Investments has collaborated with Cape-based Flyt Property Investment for the opportunity. In partnership with well-known Section 12J investors Anuva Investments, Flyt will be providing investors with an advantageous tax-efficient structure that allows them to use their Sars tax refund towards their investment and assists them in financing the rest. Investment into One Thibault will be through the Flyt Select Fund. “Not only do you have the choice of purchasing a pre-approved unit priced from R895,000, but you can also qualify for a 100% tax deduction,” explains Zane de Decker, CEO of Flyt Property Investment.

Section 12J was introduced by Sars as an incentive to stimulate investment into businesses that create jobs and grow the economy – One Thibault’s serviced apartments, with their fully-managed solution, on-site meal options as well as the range of other services and facilities, qualify for this incredible incentive. Hospitality management company WINK Aparthotels will provide on-site administration of all the units giving investors a well-managed, hands-off investment with access to a host of other benefits over and above a guaranteed rental income of 6% for the first year. However, the window of opportunity for this tax incentive is closing soon as Section 12J ends on June 30 2021. De Decker urges investors to take advantage of Government’s generous incentive before the deadline. “Not only are you able to invest in property in a sought-after location for good value, but you can write off your tax investment amount against your tax liability for the 2021/2022 tax year,” he says.

Perfect location

One Thibault offers 180 apartments, ranging from 19m² to 60m² one- and two-bedroom apartments and studios, all with spectacular views. The apartments can be bought fully furnished, with bespoke furnishings that maximise the minimalist glamour of the building. “The location of One Thibault couldn’t be more convenient – it’s within walking distance to the CTICC, the V&A Waterfront and the local Virgin Active gym. There’s a MyCiti bus terminal close by, as well as the Cape Town train station. Cape Town’s city centre offers so much more as well – from quick access to the stadium, the Table Mountain Cableway and, of course, the myriad restaurants, bars and galleries,” says Herring.

One Thibault

GET IN TOUCH

www.onethibault.com

sales@onethibault.com

Darryn van der Poel    Tel: +27 83 258 6316    E-mail: darryn@flytproperty.co.za

Jonathan Fell                Tel: +27 84 513 5851    E-mail: jonathan.f@sothebysrealty.co.za

The post Big City Life appeared first on Everything Property.

Syndicated content from Everything Property


error

If you find this website useful please spread the word.

RSS
Follow by Email
WhatsApp