1 Bedroom Apartment / flat for sale 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 Town’s 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 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.