1 Bedroom Apartment in Century City

Average rental return around 5,5% nett after ALL costs, refurbishment projects levies and rates etc, plus your 28days free holiday every year valued at around R70 000

... totalling an effective total return of 11%/annum.

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 Towns prime winegrowing area. This air-conditioned suite is approximately 40m2 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 owners 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.