R 1 450 000 | 1 bed property for sale in century city

This Spacious and luxurious Family Suite is well equipped for families enjoying a city break, with a separate comfortable living area and open-plan kitchenette suited for simple meal prep. Perfect for a relaxing getaway, this ultra-modern Family Suite has a sophisticated look and feel and offers beautiful views over vibrant Century City and Durbanville hills, Cape Town’s prime winegrowing area. This air-conditioned suite has Wi-Fi and a flat-screen TV to keep everyone entertained after a day of exploring beautiful Cape Town. This Family Suite has one bedroom with two double beds and an elegant en-suite open plan bathroom with a bath and shower. 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 any 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 R80 000!