NO TRANSFER DUTY
SOLE MANDATE
Web Ref RL1876473
R1,050,000
1040 The Colosseum, 1040 Century Way, Century City, Milnerton
Monthly Bond Repayment R10,482.98
Calculated over 20 years at 10.5% with no deposit.
Change Assumptions
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Monthly Levy
R1,188
R1,188
Monthly Rates
R970
R970
Luxury Hotel Suite Investment
Enjoy an average net rental return of approximately 6.5% per annum, after all costs, including refurbishment contributions, levies and rates.
Owners also receive 28 complimentary nights' accommodation each year, valued at approximately R70,000, resulting in an effective annual return of around 11%.
Cash buyers only, as banks do not finance hotel suites that form part of a rental pool.
This stylish 40m² Deluxe Suite offers:
King-size bed
Separate living area
Open-plan kitchenette
Air conditioning
Complimentary Wi-Fi
Work desk and flat-screen TV
Elegant en-suite bathroom with free-standing bath and shower
Enjoy beautiful views over Century City and the Durbanville Hills.
Investment Highlights
Suite forms part of a professionally managed rental pool.
Owners enjoy 28 days' personal use annually (or RCI Resort Exchange where applicable).
Owners receive 29% of room revenue.
Hotel management covers all operating costs from its 71% share.
Levies and rates are paid on the owner's behalf.
10% of rental income is reserved for future refurbishments.
Rental income is paid quarterly, with quarterly owner updates.
Hotel comprises 69 luxury suites, offers backup power, and provides 50 undercover and 20 open parking bays.
A hassle-free investment combining passive income with annual luxury accommodation in the heart of Century City.
Owners also receive 28 complimentary nights' accommodation each year, valued at approximately R70,000, resulting in an effective annual return of around 11%.
Cash buyers only, as banks do not finance hotel suites that form part of a rental pool.
This stylish 40m² Deluxe Suite offers:
King-size bed
Separate living area
Open-plan kitchenette
Air conditioning
Complimentary Wi-Fi
Work desk and flat-screen TV
Elegant en-suite bathroom with free-standing bath and shower
Enjoy beautiful views over Century City and the Durbanville Hills.
Investment Highlights
Suite forms part of a professionally managed rental pool.
Owners enjoy 28 days' personal use annually (or RCI Resort Exchange where applicable).
Owners receive 29% of room revenue.
Hotel management covers all operating costs from its 71% share.
Levies and rates are paid on the owner's behalf.
10% of rental income is reserved for future refurbishments.
Rental income is paid quarterly, with quarterly owner updates.
Hotel comprises 69 luxury suites, offers backup power, and provides 50 undercover and 20 open parking bays.
A hassle-free investment combining passive income with annual luxury accommodation in the heart of Century City.
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
40m²
