R950,000 | 1 Bedroom Apartment For Sale in Century City

Enjoy a 28 day FREE HOLIDAY every year (valued at R60 000)! ... as well as an average 6,6% nett rental return per annum too (taking levies, rates, maintenance and all expenses into account).
Total return works out to 13%/annum taking into account the value of the 28 day holiday (can be taken at any RCi resort worldwide).

Although this is sectional title ownership, please note that the banks do not offer finance for this type of investment; i.e. it must be a cash purchase.

The Colosseum Luxury Hotel boasts 4-star elegance for travellers from across the globe. This Century City hotel offers 68 plush guest rooms, each fully equipped with semi self-catering facilities.

This spacious and luxurious Deluxe Suite is well equipped for both business and leisure travellers, with a separate comfortable living area and open-plan kitchenette suited for simple meal prep. Perfect for working or relaxing, our ultra-modern Deluxe Suites have a sophisticated look and feel.

This air-conditioned suite has a work desk, with international plug points, telephone, Wi-Fi, and a flat-screen TV. The elegant en-suite bathroom is open plan with modern shower.

With a range of services and amenities to enhance your stay, including a hot and cold breakfast buffet, complimentary Wi-Fi, free secure parking, 24-hour reception, and room service, we ensure a seamless and enjoyable experience.

Owner's units are included in the Colosseum Hotel Rental pool, allowing you to utilize it for yourself without any accommodation charges for 28 days per year (which can be split into any period). The owner's 28 nights can also be exchanged for stays at RCI resorts worldwide. Benefit from the financial advantages of the successful hotel rental pool. Managed and maintained by the Colosseum, owning this property is hassle-free.

Conveniently located within walking distance of Canal Walk Shopping Centre, Century City Convention Centre, and Virgin Active Gym. Unwind in our sunlit lounge and bar, savour delectable meals at Mozambik Restaurant, or pamper yourself at our Massage Studio.

No load shedding; The Colosseum Hotel is fully backed up by a Generator.

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.