We’re going to town.
Blok apartments now selling in Cape Town’s city centre.
Now selling.
New ’hood, same Blok. Starting from R1 150 000, TENONV offers 150 apartments, purpose built for harmonious living, in the heart of Cape Town’s city centre.
Reshaping the cityscape, the next step in our evolution, TENONV, is located at 10 Vredenburg Lane, City of Cape Town. Rooted in the central belief of a city connected to growth and betterment, TENONV embodies a synergy with the city – it’s landmarks, community, and culture. Beyond a beautiful structure, TENONV embraces a vibrant sense of belonging in the heart of Cape Town.
Nestled between a lush Company’s Garden and the eccentric electricity of the historic city centre, TENONV’s 150 apartments are both a departure
and an arrival for us in the city.
DEVELOPMENT FEATURES
Including:
- Loadshedding-free communal areas, with apartments including uninterrupted Wi-Fi and lighting.
- Secure and dedicated ehailing area.
- New pedestrian walkway joining Long Street to Perth Street and the Company’s Garden.
- Communal pool deck with Table Mountain and City views.
- Comprehensive, smart design with space-saving joinery.
- Understated simplicity designed to maximise space and light.
- Seamlessly integrated appliances.
- 24-hour security and concierge.
- On-site ground floor retail and commercial spaces.
- On-site laundry facilities.
- Pet-friendly.
- Fibre-ready.
- Facilities for short-term letting agency staff.
SHORT-TERM LEASING POTENTIAL
TENONV showcases ideal investment properties in Cape Town, offering an opportunity for investors to tap into the city’s thriving short-term leasing market. With an impressive 30% revenue growth from 2022 to 2023, now is the time to capitalise on this lucrative opportunity. Discover our projected short-term leasing yields for different unit types:
- Micro: 8.46%
- Studio: 8.03%
- One-bedroom: 6.51%
- Two-bedroom: 6.93%
- Two-bedroom Duplex: 6.16%
BUILDING DESIGN & CONCEPT
Reshaping the cityscape, the next step in our evolution, TENONV, is located at 10 Vredenburg Lane, City of Cape Town. Rooted in the central belief of a city connected to growth and betterment, TENONV embodies a synergy with the city – it’s landmarks, community, and culture. Beyond a beautiful structure, TENONV embraces a vibrant sense of belonging in the heart of Cape Town.
Nestled between a lush Company’s Garden and the eccentric electricity of the historic city centre, TENONV’s 150 apartments are both a departure and an arrival for us in the city. Offering apartment types suitable for any investor or owner occupier;
- Micro apartments from R1 150 000
- Studio apartments from R1 495 000
- Compact One-bedroom apartments from R2 220 000
- One-bedroom apartments from R2 595 000
- One-bedroom Duplex apartments from R3 050 000
- Two-bedroom apartments from R3 995 000
- Two-bedroom Duplex apartments from R4 975 000
TENONV sits at the intersection of history and modernity. A city oasis bringing together old and new, character and calm. It’s baked into our DNA to create buildings that serve the community at large, truly believing that experiences start outside the front door. Cape Town is vibrant – a melting pot of international cultures, energy and commerce. We’re ready to bring the learnings and successes of our seaside developments to the heart of the city.
PRIME LOCATION
10 Vredenburg Lane provides an opportunity to connect two contrasting city features: the hustle and bustle of Long Street with the serenity of the lush Company’s Gardens. To fully experience what a city has to offer and for you to truly feel at home, you need to be in sync with it. Grab a coffee on the way to work, or that must-see landmark. Footsteps away from the Company’s Garden, retreat to this oasis in the city and unwind after work.
This city is your oyster.
WATCH THE TENONV VIDEO
Play Video
TAX BENEFITS | SECTION 13SEX
Take advantage of the SARS Section 13sex tax incentive by adding TENONV to your property portfolio.
This benefit is designed to reduce your taxable income, by offering an incentive when having purchased five or more apartments directly from a developer, specifically for investment purposes. Under this scheme, taxpayers can claim an allowance of up to 55% of their total portfolio value over a 20-year period. Incorporating TENONV as one of these 5 units can unlock this advantageous benefit.
- Imagine you currently own 4 apartments with a total value of R5,000,000.
- Upon purchasing an additional unit at TENONV for R1,600,000, your total portfolio value rises to R6,600,000.
- Based off the tax allowance calculation of up to 55% of your portfolio value, you could potentially unlock up to R3,630,000 in tax reductions over a 20-year period.
- Of this R3,630,000, SARS will allow you a 5% annual claim, which equates to R181,500 per year reduction off of your taxable income – thus paying less TAX
