Observatory, Cape Town

Transcription

1 Observatory, Cape Town RESIDENTIAL CONSCIOUS LIVING

2 The Eden. Corner of Trill and Eden Road, Observatory, Cape Town. Horizon capital residential creates spaces for conscious living. The Eden / 1

3 WHO IS HORIZON CAPITAL RESIDENTIAL? Conscious. Mindful. Aware. Designing beautiful spaces for discerning investors who want to live life responsibly. Conscious developments for conscious living Horizon Capital Residential (HCR) is a boutique property development firm based in Cape Town. We design and develop high-quality residential buildings that meet the practical needs of future owners, while respecting the local context and built with sustainability in mind. We call this conscious development. We design with mindful intent and develop responsibly. Our buildings reflect our commitment to you, to the community and to the environment. Our responsibility to our buyers means that we create spaces that suit your lifestyle. Central locations. Integrated facilities. Secure access. Beautiful finishes. Our responsibility to the neighbourhood means that we celebrate the unique quality and character of the local area. We act with professionalism and integrity, and promote and support the communities where we develop. Our responsibility to the environment means that we design for sustainability. Our buildings make it easy for residents to recycle waste, save electricity and minimise their environmental impact. Designed to celebrate the neighbourhood, protect the environment and embrace your lifestyle. 2 / The Eden The Eden / 3

4 ALL ABOUT THE EDEN ALL ABOUT THE EDEN Celebrate the neighbourhood. Respect others. Protect the environment. The ideal lifestyle for the conscious investor. Your world is just around the corner When you live at The Eden, everything you need is on your doorstep: 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. The Groote Schuur Community Improvement District has also done an enormous amount to maintain a safe, clean neighbourhood. The Eden lifestyle continues when you re inside the building. We have designed The Eden to be a reflection of what is important to you as a conscious investor. Considered materials, energy-efficient features and communal leisure spaces allow you to live responsibly. From secure bicycle parking and recycling facilities to energy- and water-saving initiatives, we have considered every detail carefully, ensuring that the entire building mirrors our approach to development. We design for conscious living. And we do everything we can to enable a more sustainable, more community-minded, more enriched sense of living. Residents can take advantage of the on-site fitness centre, fully equipped laundry, roof-top pool deck and braai area, fibre-optic infrastructure and secure underground parking. And the 24/7 security and concierge service offer residents and visitors complete peace-of-mind and convenience. With a hand-picked team of architects, engineers and consultants, we are immensely proud to be leading the way in establishing a new aesthetic and functional benchmark for Observatory. The Eden. Designed with mindful intent. Built for conscious living. 4 / The Eden The Eden / 5

5 ENTRANCE FOYER GYM & LAUNDRY FACILITIES Welcome to The Eden. Where your world is around the corner. Health and wellness made easy, every day. 6 / The Eden The Eden / 7

6 A TYPICAL OPEN-PLAN INTERIOR WITH BALCONY Designed to draw in the fresh air and natural light. 8 / The Eden The Eden / 9

7 THE SKY DECK, WITH POOL & BRAAI FACILITIES The perfect location for relaxing summer afternoons. 10 / The Eden The Eden / 11

8 QUICK FACTS THE UDZ EXPLAINED The Eden: Quick Facts Tax incentives for considered investors 73 Apartments CCTV, access control and electrified fencing 8 Storeys 24 hour security and concierge Secure parking for residents and visitors Fitness centre Motorbike bays and bicycle storage Laundry facility Pool and braai facilities on the Sky Deck 2 lifts Announced in 2003, the Urban Development Zone (UDZ) tax incentive was introduced to promote private sector investment in certain specified urban areas. In the context of The Eden, investors who buy apartments to let are able to claim a depreciation allowance or capital deduction. The buyer may write off 55% of the VAT inclusive purchase price of their investment over an 11-year period. 20% of the deductible amount is written off in year one and the balance is spread evenly over the next ten years. The major benefit to investors is that the large capital deduction is not automatically ring-fenced and generally creates a tax-loss situation for the investor. This tax loss can be offset against other taxable income such as other investment properties or even the investor s salary. This has an attractive benefit: the investor receives PAYE back when filing their tax return. This loss could become ringfenced further down the line if the investor meets the 3 out of 5 year time rule in terms of trades that continue to make losses. Example When buying a R2 million apartment, the investor would be entitled to a capital deduction of R1.1 million. Of that total deduction, R220,000 would be claimable in year one with R88,000 claimable in each of the following years over ten years. The table below illustrates the potential tax savings from PAYE or otherwise: Year % deduction Capital Potential of the 55% deduction tax savings of cost (41% 1 ) 01 20% R220,000 R90, % R88,000 R36, % R88,000 R36, % R88,000 R36, % R88,000 R36, % R88,000 R36, % R88,000 R36, % R88,000 R36, % R88,000 R36, % R88,000 R36, % R88,000 R36,080 Total 100% R1,100,000 R451,000 Fibre optic internet connectivity UDZ tax incentives Dedicated recycling facility Generator for lift, facilities and common lighting North and north east orientation This tax incentive equates to a 22.6% discount on the purchase price, and allows investors to receive potential cash-back from SARS at the end of each tax filing year. This could fund any rental shortfall that may occur in the early years of the investment. 1 This assumes that the investor is at the maximum marginal Apartment specifications 18 studios 44m 2-58m 2 (including terrace) 28 one-beds 45m 2-127m 2 (including terrace) 27 two-beds 68m 2-157m 2 (including terrace) tax rate of 41% or is a trust. Visit for further UDZ explanation and examples. Built-in oven, hob and extractor Terraces provide a seamless indoor-tooutdoor lifestyle Floor-to-ceiling aluminium and glass sliding-doors 12 / The Eden The Eden / 13

9 AXONOMETRIC DRAWINGS AXONOMETRIC DRAWINGS Typical Studio Apartment Typical One-Bedroom Apartment 18 studio apartments 44m 2-58m 2 (including terrace) 28 one-bedroom apartments 45m 2-127m 2 (including terrace) 14 / The Eden The Eden / 15

10 AXONOMETRIC DRAWINGS THE ARCHITECT S PERSPECTIVE Typical Two-Bedroom Apartment Interview with architect Good design should be accessible to everyone, and The Eden shows how that is possible. Designing with conscious intent David Snyders, of David Snyders Architects, led the design of The Eden. Here he explains some of the thinking behind the aesthetics of the building. In summary, his approach was to design with conscious intent to add value to the lives of The Eden s residents. The Eden adds day- and night-time activity to the area. We have replaced a building that was previously only occupied during the day. We have deliberately selected the materials and colour palette to ensure that the building s aesthetic remains timeless, and that the development retains its upmarket character. 27 two-bedroom apartments 68m 2-157m 2 (including terrace) I m obsessed with rational planning and intuitive design. And I always try to add value by consciously applying myself to create better quality spaces. By this, I mean that we try to consider every square metre of space in each apartment and how a resident would want to use it. We ve had to challenge ourselves to ensure the design works as efficiently as possible, but the end result is that we ve created spaces where we would live ourselves. That s why, for example, we centralised the services to minimise circulation space. Doing so allowed us to create a balcony for every apartment. We also designed floor-to-ceiling glazing to maximise natural light and ventilation to each apartment. There s a rhythm to the building s design that sets it apart from other residential developments. We ve tried to mimic the scale of the row houses on Trill Road. You will feel it sub-consciously when you walk down the street. The curved façade at the corner of Trill and Eden Roads has softened the building, and we built the lower three floors close to the boundary line to create a more active street edge. We approached the project with a different notion. Rather than creating a flat, uninspiring façade, we designed the building from the inside out and outside in. The internal spaces inform the external texture; and vice versa. The terraces have a dual function: first, to provide shade in the apartments which enhances the internal comfort; and second, to give the building depth which makes the façade more welcoming and engaging. We gave a lot of thought and attention to every aspect of the building. The entrance foyer is warm and welcoming, with a curved wall and natural timber panelling. We also gave special focus to the fitness centre and laundry. Each opens on to an outdoor terrace. The pool deck and braai area on the top floor gives every resident a beautiful outdoor space with wonderful views. We ve worked on numerous residential projects and analysed others, and we know that we ve designed The Eden to feature the best elements of residential architecture. Every space in the building is a space that I would be happy to live in and visit. I think it s a refined piece of architecture, a wholesome product. Good design should be accessible to everyone, and The Eden shows how that is possible. 16 / The Eden The Eden / 17

11 FLOORPLAN DETAILS FLOORPLAN DETAILS Visit to download high resolution plans. Ground Floor DRIVEWAY 001 1st Floor PASSAGE 003 PASSAGE 105 STAIRS LIFT LOBBY 006 ENTRANCE FOYER STAIRS GENERATOR PARKING DRIVEWAY PARKING REFUSE STAIRS 18 / The Eden The Eden / 19

12 FLOORPLAN DETAILS FLOORPLAN DETAILS 2nd Floor rd Floor TERRACE TERRACE STAIRS 206 COURTYARD TERRACE LAUNDRY 208 FITNESS CENTRE 209 TERRACE 308 STAIRS TERRACE TERRACE TERRACE / The Eden The Eden / 21

13 FLOORPLAN DETAILS FLOORPLAN DETAILS 4th - 7th Floor 8th Floor STAIRS POOL POOL DECK BRAAI AREA STAIRS / The Eden The Eden / 23

14 BUILDING SECTIONS & ELEVATIONS BUILDING SECTIONS & ELEVATIONS Sections and Elevations Sections and Elevations East elevation (Eden Road) West elevation North elevation (Trill Road) South elevation Section A Section B 24 / The Eden The Eden / 25

15 LOCAL OPINIONS LOCAL OPINIONS No-one knows a neighbourhood better than the locals. Get the inside track on your world around the corner. Tao OWNER OF Billy Boo s Cakery 61A Station Rd We chose to be in Obs because it s very central to all areas in Cape Town. We ve only been here for three months, but we feel like we re in a real community. It s a pretty darn awesome vibey suburb! There s a good mix of businesses and students in the area. We re a small owner-run business and our focus is always on customer service. We always serve with a smile and ask for our customers feedback so we know we re improving all the time and that our scrumptious creations are consistently brilliant. It seems to work because every day we meet diverse people from different cultures, both foreign and local. It makes for an interesting and fun day at work. Aside from Billy Boo s Cakery, my other favourite business in Obs is Fernando s Pizza. It s one of many hidden gems in the area. VIVIENNE OWNER OF MIMI S 78 Lower Main Road I ve worked in Obs since June 2007 when I first opened Mimi s. It s a family business; my son and I run it together. I wanted to create a place where people of all colours and sizes could find a delicious breakfast, healthy fresh food and a steaming cup of coffee in a relaxed atmosphere. There s something for everyone, whether they re vegan or eat gluten-free or are dairy-intolerant. We ve always served top quality, affordable food that caters for every need and shows that we really do care for our customers. In a way, I like to think what I ve created here reflects the character of the neighbourhood: it s funky, entertaining, relaxed, inspiring and creative. I love that Obs is such a vibey, cosmopolitan society with a sense of community and care for others that s unique. When I m not at Mimi s, my favourite thing to do in Obs is to eat at Panchos, the local Mexican restaurant and to watch the interactions of the kaleidoscope of people passing by, keeping my eyes and ears open and absorbing the anything-goes atmosphere. 26 / The Eden The Eden / 27

16 WHAT S AROUND THE CORNER WHAT S AROUND THE CORNER 02 Honey Bun 07 Jerry s Burger Bar 6km to city Groote Schuur Hospital Jammie Shuttle Station To city Trill Rd Eden Rd St Peter s Square Main Road Station Road Lower Main Road Observatory Train Station Conveniently situated in the bustling neighbourhood of Observatory, just 6km from the city, and within walking distance from trendy Lower Main Road. 01 Groove Lounge 02 Honey Bun 03 Narona 04 Komati Foods 05 Obz Café 06 Hello Sailor 07 Jerry s Burger Bar 08 Pancho s 09 Eat on Main 10 Trenchtown 11 Billy Boo s Cakery 12 Spar Grocery 13 Municipal swimming pool House Sushi & Grill 15 Mimi s 16 Obz Books 17 Cafe Ganesh UCT Medical Campus N2 2km to UCT Upper Campus 05 Obz Café N2 De Waal Drive N2 13km to airport 16 Obz Books Settlers Way Devil s Peak M3 17 Café Ganesh Disclaimer Please note that images, renders, perspectives, plans and finishes shown are impressions only and remain subject to change at the developer s discretion. The developer cannot be held liable for any changes made. The Urban Development Zone (UDZ) tax incentive contains a number of requirements which must be met in order to claim the tax allowance. The developer, employees and its affiliates do not provide tax advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax advice. You should consult your own tax advisors / financial planners before engaging in any transaction. 28 / The Eden

17 Visit our showroom at Suite 302, Soho-on-Strand, 128 Strand Street, Cape Town RESIDENTIAL