AA - May 2021

Author: Property Wheel
17 May 2021

ONE THIBAULT – CAPE TOWN’S REIMAGINED ICON

Convenience, comfort, affordability and planet sensitivity are all vital aspects to consider when choosing where to live. Multi-use buildings are fast becoming the norm – offering residents any number of convenient amenities within their own building. The pandemic caused a huge shift towards remote working and while no commuting was a bonus to many, the lack of appropriate space as well as lack of social interaction wasn’t.

Responding to the need for beautiful spaces that are both affordable and conveniently located in the heart of the city, Thibault Investments have reimagined one of Cape Town’s iconic buildings, One Thibault, which was originally innovatively designed with a 43-degree twist to maximise views and reduce sun loads on the building. Precast sun-screens on every floor, and natural sunlight from the expansive windows ensures thermodynamic efficiency – reducing the need for heating in winter and cooling in summer.

In conjunction with award-winning Vivid Architects, the building has been turned into beautifully appointed studio, one- and two-bedroomed apartments, with 24-hour manned security, a concierge, co-working spaces, laundry, common lounge areas, a restaurant and bar, and rooftop pool deck.

“We wanted to create a luxurious experience of city living that is affordable. The apartments have been intelligently designed to optimize space, creating a sanctuary that is safe, convenient and offers incredible views of Cape Town Harbour and Table Mountain,” says Steve Herring, Director of Thibault Investments.

Urbanisation is a world-wide trend, with more and more young people moving into cities to maximise on economic, professional and social opportunities. Cities around the world are responding by building residential spaces that fulfil the needs of Gen Y and Z, who make up 64% of the world’s population.

Studies show that apartments and multi-family settlements provide a sense of community in an increasingly isolating world fuelled by technology – this has become even more vital due to the impact of the global pandemic. Co-living spaces, where residents can connect in common areas are more and more in demand. Apartments are additionally desirable because the lock-up-and-go aspect allows residents to easily channel their energy on activities other than home-based tasks.

“The location of One Thibault couldn’t be more convenient – it’s within walking distance to the CTICC, the V&A Waterfront and the local Virgin Active Gym. There’s a MyCiti bus terminal close by, as well as the Cape Town train station. Cape Town’s city centre offers so much more as well – from quick access to the stadium, the Table Mountain Cableway and of course, the myriad restaurants, bars and galleries,” says Herring.

The apartments can be bought fully furnished, with bespoke furnishings that maximise the minimalistic glamour of the building. With the management and convenience of the concierge and reception area, the apartments are immediately AirBnB ready, as well as a perfect option for corporate buyers or rentals.

Another huge incentive for buying into this development is that they qualify as a Section 12J investment – this means that investors can write off 100% of the investment amount for tax purposes by investing through the Flyt Select Fund, a division of Anuva Investments. Section 12J was introduced by SARS as an incentive to stimulate investment into businesses that create jobs and grow the economy – One Thibault’s serviced apartments, with their fully-managed solution, on-site meal options as well as the range of other services and facilities qualify for this incredible incentive. There is one caveat, however – the window of opportunity for this incentive closes at the end of June.

The multi-use, convenient and affordable luxury of One Thibault speaks to the future of big city life. Reimagining already-iconic buildings also speaks to the trend towards re-purposing inner city spaces to not only respond to housing requirements, but also, as one study puts it, ‘youthification’ – creating areas that are ready for the now and next generations.

Situated in the heart of the Cape Town’s CBD on Thibault Square, this internationally awarded building, historically only a commercial building, has just released a range of designer luxury studio, one-and two-bedroom units for sale. These luxury apartments on levels 15 to 20 all feature breath-taking panoramic views bridging Cape Town Harbour to the east, and Table Mountain to the west. Prices start at R895 000.

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