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We’re going to town.

Blok apartments now selling in Cape Town’s city centre.

TENONV LOGO WHITE

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.

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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

As our first foray into the heart of the Mother City between the iconic historic city centre and the tranquillity of the Company’s Gardens – housing the South African National Gallery, the Planetarium and a view to the Parliamentary Buildings – inside your new apartment you’ll find all the hallmarks of our progressive design philosophy.

Including:

Lady walking through park graphic

SHORT-TERM  LEASING POTENTIAL

Studio apartment with foldout breakfast nook

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.

Map of location in Cape Town

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

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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.

Consider this example:
  • 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
Terms and conditions apply; please be aware that all purchases must be made through a developer and classified as development stock. Additionally, note that the tax incentive takes effect after obtaining the fifth unit and that all deductions claimed are recouped on sale of the respective units. For more details, consult your tax consultant or accountant to understand its impact on your return and eligibility.

YOUR FUTURE HOME AWAITS.

Contact us at sales@blok.co.za or +27 66 186 1658
or fill out the form below.

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