For Sale | 3 Apartments Remaining
When you live at The Eden, the world is just around the corner. It’s located in Observatory, one of Cape Town’s most vibrant neighbourhoods, where you’ll find a connected, active community; creative meeting spaces; eclectic independent shops; vibrant social venues; rich cultural heritage; excellent public transport; and essential stores all within walking distance.
We design for conscious living. And we do everything we can to enable a more sustainable, more community-minded, more enriched sense of living. It’s no different at The Eden: considered materials, energy-efficient features and communal leisure spaces allow you to live responsibly. From secure bicycle parking to recycling facilities to the 24/7 security and on-site fitness centre, we have planned every detail to be a reflection of what’s important to you as a conscious investor.
- Property Features:
- 450m to UCT medical campus
- 2km to UCT main campus
- 6km to Cape Town city centre
- UDZ tax incentive - 55% tax write-off
- North and northeast orientation
- Fitness centre and laundry
- 24-hour security and concierge
- Sky deck with pool and braai
- Secure parking and bike storage
- Fibre optic internet connection
- Building complete. Occupation from 1 May 2018.
Designed to draw in the natural light
Designed with your lifestyle in mind
Planned for seamless flow
Welcome to The Eden. Where your world is around the corner.
Gym and Laundry
Health and wellness made easy
Relaxed living above the city
Designed with Conscious Intent
The Eden was meticulously designed to draw in the light – the natural light, taking full advantage of its north and northeast orientation as well as the vibrant night life of the local neighbourhood.
Excellent design was of utmost importance to us. We wanted to create a building that would be engaging and beautiful, while respecting the local context.
Each apartment, has been designed with your lifestyle in mind – fitted with high quality finishes and planned for seamless flow. Each one has a terrace, extending the living area; and floor-to-ceiling windows maximise the views from every angle and draw in the natural light and fresh air.
The Eden contains the best elements of residential architecture, and will set a new benchmark in Observatory.
Take Advantage of the UDZ
The Eden falls within Cape Town’s Urban Development Zone (UDZ), allowing buy-to-let investors to claim a capital deduction / tax write-off on their investment. Under the scheme, investors may write off 55% of the VAT inclusive purchase price over an 11-year period and offset their tax losses against other taxable income.
The major benefit to investors is that the large capital deduction is not automatically ‘ring-fenced’ and generally creates a substantial tax loss situation for the investor. This tax loss is allowed to be off-set against other taxable income (e.g. a salary or other trade income) which can result in a very attractive situation where the investor initially receives PAYE/tax back upon filing their tax return. This is very useful to fund any negative cash flow requirement during the first few years of a buy-to-let property. Download our brochure for more information and examples.
Join a Vibrant Community
When you live at The Eden, you join a vibrant, relaxed and creative neighbourhood, served by a range of independent, owner-managed businesses and shared by a diverse mix of people who actively care for their community. Whether you prefer lazy Sunday brunches, afternoon meetings in quirky local coffee shops, leisurely book-shop browsing or busy night-time buzz, Obs is, in the words of Tao, the owner of Billy Boo’s Cakery, “a pretty darn awesome vibey suburb.”
Located within walking distance of the popular and trendy Lower Main Road with restaurants, shops and bars.
- Across the road from St Peter’s Square Shopping Centre
- 300m from UCT Medical Campus
- 2km from UCT’s Main Campus
- 6km from Cape Town City
- 13km from Cape Town International Airport
Your World Around the Corner
Observatory is close to everything you need to live a conscious, responsible lifestyle, all within walking distance and accessible to everyone: excellent medical facilities; well-connected transport links; funky bars, restaurants and coffee shops; and a library, cinema and swimming pool. The Eden is also perfectly positioned to welcome the early morning sunrise, or to watch it dip below the city’s horizon at night - an ideal way to start and end your day.