With the clean scent of the ocean breeze, the rhythmic meditation of the lapping waves, and the aureate warmth of the Atlantic Seaboard’s world-famous sunsets, Magnolia is your escape to the good life.
This is more than a building – it’s a seaside sanctuary right in the vibrant heart of Sea Point, offering a rare blend of nature’s calm and the city’s convenience. A peaceful oasis of culture, community, and connection right on your doorstep, Magnolia welcomes you to utopian shoreside living.
Designed for Premium Living
With its romantic, curved lines and minimalist aesthetic, Magnolia reflects the refined taste and sophistication of luxury coastal living. Here, luxury is not just about lifestyle; it’s about living in harmony with your surroundings.
Main Road, Sea Point
Situated on the corner of 317 & 319 Main Road, Sea Point, and mere moments from Cape Town’s bustling CBD, Magnolia offers a peaceful contrast to the spirited energy of the city. This is more than just a residence — it’s a haven for those who seek both serenity and sophistication in Sea Point’s most coveted location. It’s a retreat for the soul, with the vibrancy of the city just beyond your doorstep.
From the city’s chicest cafes and restaurants to the meandering Promenade and stretches of pristine beach all at your fingertips, there’s something for every nature lover and socialite.
TIMELESS ELEGANCE WITH MODERN COMFORTS
Magnolia has been thoughtfully designed to balance lush living with fostering a sense of community. The sparkling rooftop pool and ample, spacious communal areas allow for rest and relaxation, while the large open atrium and public ground-floor retail spaces, restaurants, and cafés cater to networking, meet-ups, and connection. It’s not simply a luxury residence – it’s a vibrant social hub.
The building’s eye-catching exterior features clean lines and sophisticated curves, while the interiors exude subtle elegance and chic, minimalist comfort at every step. Each expertly appointed detail reflects timeless sophistication, from premium luxury finishes to the seamless flow of open spaces, creating a home that radiates both warmth and exclusivity.
Magnolia is the perfect intersection of nature, neighborhood, culture, and community, and it stands as a future icon for the world-renowned Sea Point cityscape.
Breathable Apartments
From the quiet comfort of your beautifully appointed home, you’re greeted on all sides by the breathtaking contrast of mountains meeting the sea — a vista to soothe and restore the soul. Whether it’s the majestic views of Lion’s Head or the endless horizon of the Atlantic, you’re never far from the natural beauty that makes this area so iconic.
Generous balconies for each apartment offer seamless indoor-outdoor living, while large gallery windows allow entry of that heavenly ocean air and endless golden light.
Tax Incentives
Investors still have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme allows any taxpayer who owns five or more new, residential rental units to claim up to 55% of the purchase price as a tax deduction, deductible over 20 years.
Example – How it works:
- Five units at R2,925,000 each = R14,625,000
- Discount = R1,000,000 (R200,000 each)
- Final Purchase Price = R13,625,000
- Deemed Purchase Price = 55% of Final Purchase Price = R7,493,750
- 5% of the deemed price may be used as a tax deduction (residential building allowance)
- This works out to a tax deduction of R378,687.50
- Total tax write-off = R7,493,750
Taxpayer Criteria for Section 13sex: The taxpayer must own at least five residential units. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation (excludes structures for business purposes, such as hotels). All units must be situated in South Africa, be new and unused, and be used solely for residential letting.
