R1,200,000 | 1 Bedroom Apartment Sold in Century City

Experience comfort in this Deluxe Suite, featuring a king-size bed, separate living area, and an open-plan kitchenette suited for simple meal preparation. Enjoy views over vibrant Century City and the Durbanville Hills, Cape Town’s prime winegrowing area. This air-conditioned suite is approximately 41m² and includes a work desk with international plug points, telephone, complimentary Wi-Fi, and a flat-screen television. The elegant en-suite bathroom is open plan with a free-standing bath and shower.

Cash Buyers Only as the banks do not offer finance for Rental Pools.

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 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 just over 6% nett after ALL costs, refurbishment projects; levies and rates etc.

And not to forget your 28days free holiday every year; valued at around R70 000!