NO TRANSFER DUTY
Web Ref RL1875799
R1,450,000
1450 Colosseum Luxury Hotel, 1 Century Way, Century City, Milnerton
Monthly Bond Repayment R14,476.50
Calculated over 20 years at 10.5% with no deposit.
Change Assumptions
Calculate Affordability | Calculate Bond & Transfer Costs
Monthly Levy
R1,372
R1,372
Monthly Rates
R1,200
R1,200
Free 28day Holiday every year!
This Spacious and luxurious Family Suite is well equipped for families enjoying a city break, with a separate comfortable living area and open-plan kitchenette suited for simple meal prep. Perfect for a relaxing getaway, this ultra-modern Family Suite has a sophisticated look and feel and offers beautiful views over vibrant Century City and Durbanville hills, Cape Town’s prime winegrowing area.
This air-conditioned suite has Wi-Fi and a flat-screen TV to keep everyone entertained after a day of exploring beautiful Cape Town. This Family Suite has one bedroom with two double beds and an elegant en-suite open plan bathroom with a bath and shower.
INVESTING AT COLOSSEUM LUXURY HOTEL
In a nutshell…..
• Your room is part of a rental pool and you are not permitted to take it out of the pool.
• You have the right to have usage of your room for 28 days each year or any RCi resort.
• If you utilize your room, you come out of the pool for those days.
• Owners receive 29% of the room revenue.
• The management company is responsible for all costs, which comes out of their 71%.
• Owners are responsible for their levies and rates, but the hotel pays them on behalf of the owners.
• 10% of the owner’s rental is held back in a kitty for refurbishment projects.
• Rental is distributed to owners every quarter.
• Owners receive a newsletter every quarter.
• The hotel has a few room types, namely deluxe rooms, executive rooms, family rooms, two and three bedroom suites and penthouses. (69 in
total)
• The hotel has a generator.
• The hotel has 50 under cover and 20 open parking bays.
Average return around 6% nett after ALL costs, refurbishment projects; levies and rates etc.
And not to forget your 28days free holiday every year; valued at around R80 000!
CASH BUYERS ONLY... the banks do not final this rental pool investment model.
This air-conditioned suite has Wi-Fi and a flat-screen TV to keep everyone entertained after a day of exploring beautiful Cape Town. This Family Suite has one bedroom with two double beds and an elegant en-suite open plan bathroom with a bath and shower.
INVESTING AT COLOSSEUM LUXURY HOTEL
In a nutshell…..
• Your room is part of a rental pool and you are not permitted to take it out of the pool.
• You have the right to have usage of your room for 28 days each year or any RCi resort.
• If you utilize your room, you come out of the pool for those days.
• Owners receive 29% of the room revenue.
• The management company is responsible for all costs, which comes out of their 71%.
• Owners are responsible for their levies and rates, but the hotel pays them on behalf of the owners.
• 10% of the owner’s rental is held back in a kitty for refurbishment projects.
• Rental is distributed to owners every quarter.
• Owners receive a newsletter every quarter.
• The hotel has a few room types, namely deluxe rooms, executive rooms, family rooms, two and three bedroom suites and penthouses. (69 in
total)
• The hotel has a generator.
• The hotel has 50 under cover and 20 open parking bays.
Average return around 6% nett after ALL costs, refurbishment projects; levies and rates etc.
And not to forget your 28days free holiday every year; valued at around R80 000!
CASH BUYERS ONLY... the banks do not final this rental pool investment model.
Features
Pets Allowed
No
Interior
Bedrooms
1
Bathrooms
1
Kitchen
1
Reception Rooms
1
Furnished
Yes
Exterior
Security
Yes
Parkings
1
Pool
No
Sizes
Floor Size
55m²
