- 1
- 1
- 82 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Property description
Low-entry Investment opportunity
INVESTMENT IN STYLISH MODERN RESIDENTIAL HOTEL
Exceptional 1 bedroom, 1 bathroom fully furnished suite/apartment in the sought after North Wharf Hotel, fully air-conditioned, top quality furnishings, built in SMEG dishwasher, refrigerator and freezer, washing machine, oven and hob, microwave and 2 TV's. This is an investment in a property which currently forms part of the North Wharf Hotel rental pool.
It can be removed from the pool but requires a notice period of nine months and a payment of VAT on its value.
This then would allow to use the apartment permanently or to let it long term.
If the apartment is purchased and left in the rental pool, no transfer duty or VAT is payable on the transaction, and owners share in the net profits of the hotel and receive monthly returns.
Protea Hotels are part of the renowned Marriott International Hotel Group and North Wharf owners can use their 28 days per year with the Marriott Rewards Program worldwide.
The hotel offers 24 hour room service, a gym, an internal restaurant, a stunning roof top pool and deck with spectacular views around Cape Town.
A must to add to your property portfolio.
Property Details
- 1 Bedrooms
- 1 Bathrooms
- 1 Lounges
Property Features
- Security Post
| Bedrooms | 1 |
| Bathrooms | 1 |
| Floor Area | 82 m2 |
Contact the Agent
Miles Manders
Candidate Property Practitioner