Horizon Capital Residential’s development, The Cedar, gives purchasers the opportunity to reside in one of Cape Town’s most sought-after City Bowl suburbs.
Situated in the heritage-rich, leafy suburb of Oranjezicht, Cape Town; Horizon Capital Residential’s development, The Cedar, presents purchasers with the opportunity to reside in one of Cape Town’s most sought-after City Bowl suburbs. A lifestyle of convenience and leisure awaits residents at the Cedar, where all one needs is just down the road: from an array of boutique shops, restaurants, bars and cafés along Kloof Street to the excellent public transport of the City Bowl, the green foothills of Table Mountain and the beautiful beaches of Clifton and Camps Bay. The peaceful, family-orientated neighbourhood has views overlooking some of Cape Town’s most iconic sites: Cape Town CBD, Signal Hill, Lion’s Head and Table Mountain.
The Cedar comprises 18 exclusive apartments spread over five storeys. The first three floors offer a mix of one-bedroom and two-bedroom apartments. The top two floors consist of three luxury penthouses with incredible panoramic views of Table Mountain and the City Bowl. Each penthouse has a private roof deck with either a pool or a jacuzzi. The Cedar has a spacious communal landscaped deck with a pergola, jacuzzi and gas braai, making it the ideal space for residents to relax and entertain. Each apartment has been designed to include a terrace allowing residents to open their apartments up to the incredible Table Mountain views.
The Cedar has a generator ensuring that residents are never without power and each residence has a separate storage pod. Residents and investors alike can enjoy the benefits of sustainable features like solar water heating, water-efficient fittings and low-energy LED lighting. Basement parking, CCTV, access control and electric fencing offer residents convenience and secure living.
The development is short-term letting friendly with a fully managed service available to purchasers, offering investors an opportunity to achieve attractive rental yields. With numerous new direct international flight routes to Cape Town having been established in the last two years, including routes to Frankfurt and Vienna, air passenger growth has accelerated by 24%. This increase in international tourists travelling to the Mother City has created a high demand for the short-term rental market, which is expected to go back to normal conditions by completion of The Cedar in August 2021.
With Cape Town being placed just behind the top 10 most popular destinations on Airbnb’s site and on the same level as cities such as Amsterdam and Sydney, investors have realised the benefits to purchasing property in sought-after locations and renting them out to visitors on a short-term basis.
David Sedgwick, Horizon Capital Residential’s Managing Director comments “without a doubt what really stands out in this development is that every one of the 18 apartments has the most spectacular panoramic view of Table Mountain. Whether one is on the first floor or the fifth floor. For us, ensuring these views were maximised was the biggest design consideration.”
The Cedar is priced from R2.495 million (including VAT) and as it’s a new development, no transfer duty will be payable on transfer. For further information contact Horizon Capital at email@example.com or visit www.TheCedar.capetown