Web Ref No RLS889065

A 2 bed 2 bath modern apartment with beautiful wooden finishes and a large balcony with magnificent Table Mountain views. Fully furnished and catered. Perfectly suited for those looking to buy a hassle-free investment property. When buying this property, it remains in the rental pool which is managed by the Singer group (Hotel). The hotel then rents out the property as part of their business and takes care of all your property needs and the costs involved in managing the property.
All the needed repairs and maintenance are handled in-house by the Hotel. Owners are paid quarterly, Nett of the monthly rates and levy. The Singer group will guarantee a rental equivalent to 8% of the purchase price per annum for the next 2 years. The Selling Price is VAT inclusive; No Transfer Duty is payable. A great opportunity for VAT registered entities. This unit can be purchased jointly with a studio apartment (R1 395 000) for a discounted price of R4 900 000, including VAT at 0% ( No transfer duty is payable ).

Ownership includes 28 nights stay per year at The Colosseum or exchange your 28 days at any other RCI Partner which includes a number of Hotels and Resorts worldwide. Other perks of the hotel include WIFI internet throughout, Secure undercover parking, fully air- conditioned heating and cooling, Porter service, Access controlled entry & exit CCTV cameras and 24-hour security, 24-hour reception, concierge and room service, 20 seated board room, State-of-
the-art sound-room, Chinese Massage Studio, Mozambik- in house fine dining restaurant and Stylish cocktail bar.

Century City is one of the most beautiful suburbs in Cape Town with more than half of the 250- hectare suburb is occupied by canals and nature reserves with a network of paths perfectly suited for a run or walk at any time of day in a secure environment. Canal Walk mega shopping precinct which offers the best local and international brands, cinemas, a food court and various restaurants. Other attractions include Intaka Island Nature Reserve, and the kilometres of canals for various
water sports as well as Central Park which hosts events such as the Day Market, Night Market, Full Moon Hike, touch-rugby and the Galileo Open Air Cinema.