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Eleven on B

South Africa
€110,000
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  • Vibrant mix of culture, gastronomy, creativity, urban living and international appeal
  • Borders iconic neighbourhoods such as Bo-Kaap, Tamboerskloof, Gardens and the City Bowl
  • Designed as a lively urban meeting point where the neighbourhood comes alive

Description

A new urban landmark in Cape Town’s West City

ELEVENONB is a next-generation urban development that brings together living, working, experiencing and investing in the heart of Cape Town’s West City. Located on the corner of Buiten Street and Loop Street, this 16-storey project forms a new gateway to one of South Africa’s most dynamic and rapidly growing urban districts.

West City is a vibrant mix of culture, gastronomy, creativity, urban living and international appeal. The district borders iconic neighbourhoods such as Bo-Kaap, Tamboerskloof, Gardens and the City Bowl, and is considered one of the most sought-after areas for expats, entrepreneurs, young professionals and international investors alike.

ELEVENONB fits seamlessly into this energy. The project symbolises an open way of life: open to encounters, open to growth, open to the city.

An architectural statement that connects the neighbourhood

ELEVENONB is designed as a vibrant urban meeting point where the neighbourhood comes alive. The restored heritage façade, the new public arcade between Bree and Loop Street and the high-quality architecture reinforce the identity of West City.

The architecture combines:

  • Refined curved façade structures
  • Two-tone concrete and steel balconies
  • White breeze block elements connecting the inside and outside worlds
  • A public arcade for cafés, wine bars and gastronomy
  • Light play on sleek forms that changes throughout the day

This is urban living with character, perfect for those who want to live in an international city with top quality and high experiential value.

151 apartments for every lifestyle

ELEVENONB offers an exceptionally wide range of types, designed for residents and investors looking for quality city living in Cape Town.

Available unit types

  • Studios
  • One-bedrooms
  • Two-bedrooms
  • Three-bedrooms
  • Penthouses

Optional parking: R450,000 (limited availability).

All units feature:

  • Large windows with panoramic views
  • High-spec, space-saving joinery
  • Air conditioning in every unit
  • Contemporary finishes and smart layouts

Many apartments look directly out onto Table Mountain, Lion’s Head, Signal Hill or the sparkling Cape Town skyline.

Amenities for modern city living

ELEVENONB combines high-end living with an extensive range of facilities that cater to an international urban audience.

  • Concierge & Building Manager (Fluent)
  • 24/7 security
  • Co-working spaces
  • Back-up power for all communal areas
  • Private gym
  • Laundry facilities
  • Ground floor café and shopping arcade
  • Pet-friendly living

This is world-class living in Cape Town—with every comfort literally at your fingertips.

A strong investment case in a global city

Cape Town is internationally compared to cities such as Barcelona, Sydney, London and New York, but has a much lower entry price for prime city living.

Comparison of off-plan prices per m²

  • New York: ± R450,000/m²
  • London: R350,000 – R420,000/m²
  • Sydney: R280,000 – R350,000/m²
  • Paris: R200,000 – R250,000/m²
  • Barcelona: R100,000 – R130,000/m²
  • Cape Town: R30,000 – R120,000/m²

This makes ELEVENONB particularly attractive to international investors who want to benefit from growth and returns.

Strong projected yields

The combination of net rental income and capital appreciation of 5–8% per annum results in a total return of 12–16% per annum.

Example returns

  • Studio: net yield up to 8.8%
  • One-bedroom: net yield up to 7%
  • Two-bedroom: net yield up to 8%

All return data is based on current market prices, PriceLabs data and realistic occupancy rates.

Tax benefits: UDZ & 13SEX

ELEVENONB is located in a zone with powerful tax benefits for investors:

UDZ (Urban Development Zone)

  • Up to 55% deduction from the purchase price
  • Spread over 11 years
  • Officially extended until 2030

13SEX Tax Benefit

  • Up to 55% tax deduction over 20 years possible
  • Applicable when purchasing 5 or more new homes

These incentives make ELEVENONB an exceptionally tax-optimised investment within South Africa.

(Note: this is not tax advice; professional guidance is recommended.)

Developed by Blok – 10 years of expertise in urban development

Blok is a leading developer in Cape Town with over 1,000 completed homes and 20 successful projects. Their focus is on sustainable, thoughtful urban development, with each project contributing to the quality of life in the neighbourhood.

ELEVENONB is their 21st and most ambitious development to date—a project that is helping to shape the future of Cape Town’s West City.

ELEVENONB – Open to the City. Open to Possibility.

Live in a cosmopolitan city, invest in a growth market, enjoy a top-level urban lifestyle. ELEVENONB is a unique opportunity for those looking for value, return, architecture and a vibrant international environment.

 

General

Property ID
307
Price
€110,000
Living surface
28m² - 295m²

Features

New

Address

Address
192 Loop Street
Place
Country

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Offered by:

Immowi