NO TRANSFER DUTY
SOLE MANDATE
Web Ref RL1876010
R1,450,000
1450 The Colosseum, 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
R1,110
R1,110
Monthly Rates
R900
R900
Cash Buyers Only
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 40 m² 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. Bonus small balcony off the lounge.
Please note that the banks do not offer finance for this type of investment; i.e. it must be a cash purchase.
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 5% 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!
Please note that the banks do not offer finance for this type of investment; i.e. it must be a cash purchase.
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 5% 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!
Features
Pets Allowed
No
Interior
Bedrooms
1
Bathrooms
1
Kitchen
1
Reception Rooms
1
Furnished
No
Exterior
Security
Yes
Parkings
1
Pool
No
Sizes
Floor Size
40m²
