Venice House – 36 beautiful Cape Town heritage apartments launching soon
Step into a new era of city living at Venice House, a re-imagined boutique development that celebrates the rich heritage and architecture of this almost century old 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.
Venice House Overview
- 36 Apartments with Studios, One & Two Beds
- Sales go live on Wednesday, 4 October 2023 at 1pm
- Priced from R1,5 million – R6 million
- Aparthotel-ready
- 24 Burg Street, Cape Town
Click here to explore this magnificent development
Heritage appeal with luxury in every direction
A tour of Venice House starts in the grand entrance foyer with domed ceiling, a 24-hour concierge ahead, and an artisanal deli and coffee shop on your left.
Heading past the lobby you’ll find a nostalgic staircase down to the European-style basement loft apartments and inhouse gym.
Venturing 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.
- Basement Lofts from R1,770,000
- Studios from R1,425,000
- One Beds from R1,575,000
- Penthouses from R5,925,000
Click here to explore this magnificent development
A Superb Locale
Nestled just a block away from the renowned Long Street and Green Market Square, Venice House has the best of both worlds, the high energy of these popular areas with the calmness that a cul-de-sac brings.
The famous City Sightseeing Red Tour Bus stop, a gateway to exploration, is a stone’s throw 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.
- 3 Minute Walk
Long Street shops and Woolworths - 5 Minute Walk
Clarke’s and Villa 47 - Quick Uber
V&A Waterfront and the Table Mountain Cableway
Investment Highlights
- Urban Development Zone tax benefits (See below)
- Purchase on launch day and unlock a R75 000 discount
- Only 10% deposit required
- No transfer duties
- High long- and short-term rental demand area
- Section 13Sex tax benefits
- Projected net yields up to 10% pa
- Short build time with expected completion Q4 2024
Click here to sign up and browse available apartments
Capitalise on Incredible Tax Incentives
Investors have access to incredibly powerful tax incentives, including the UDZ zone and popular Section 13sex of the Income Tax Act No 58 of 1962.
Venice House is located in the Urban Development Zone
- The UDZ expiry date has recently been extended, and any brand new property that transfers before expiry is eligible for up to 30% Tax deduction from SARS. (Deductible over 11 years)
Section 13Sex (Applicable to purchases of 5 or more units)
- This scheme enables any taxpayer who owns five or more new, residential rental units, to claim up to 55% of the purchase price as a tax deduction. (Deductible over 20 years)
*Please consult your tax advisor for further info
Feature-Filled
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 memorable.
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.
Development Highlights
- 24-hour security with access control
- Professional concierge service
- Ground floor lobby, coffee shop and eatery
- In-house Gym
- Short-term rental friendly
- Backup power for communal areas and Wi-Fi
- DSTV and High Speed Fibre Connectivity
- Bespoke Furniture Packs available
- Parking available to rent in neighbouring parkades
- Optional extras
- Air-conditioning (Penthouses only)
- Double glazing
- Backup power
The Developers
Prospekt is a leading property development company founded by Chris Heunis, specialising in creating exceptional living spaces throughout South Africa.
With expertise in project management and financial modelling, we deliver functional and profitable properties.
Sign Me Up
With a limited number of apartments for sale at Venice House, the launch day is poised to captivate a surge of eager investors.
Adding to the appeal, the developers have announced an exclusive launch incentive: R75 000 discount applicable to apartments secured on the launch day, 4 October 2023, at 13:00.
For more information visit: www.venicehouse.co.za
Development Expert
Kyle Vernes
079 901 7415
[email protected]
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