Luxury Apart - Hotel Suite Investment Opportunity
Quay 1 International Realty is pleased to present this Apart - Hotel Suite Investment Opportunity, offering an average net rental return of ±5.5% after all costs — including refurbishment contributions, levies, rates and management fees. In addition, owners enjoy 28 days of free holiday usage per year, valued at approximately R70 000, bringing the effective total return to around 11% per annum.
This Deluxe Suite offers a comfortable and stylish layout, featuring a king-size bed, a separate living area, and an open-plan kitchenette ideal for light meal preparation. The suite enjoys beautiful views over vibrant Century City and the Durbanville Hills, one of Cape Town’s leading wine-producing regions.
Measuring approximately 40m², the unit includes air-conditioning, a work desk with international plug points, telephone, complimentary Wi-Fi, a flat-screen TV, and an elegant open-plan en-suite bathroom with a free-standing bath and shower.
Important: This is a Cash-Only investment, as banks do not offer financing for units within a rental pool.
Investing at Colosseum Luxury Hotel
A clear breakdown of how the rental pool operates:
• The suite is part of the hotel’s rental pool and cannot be removed.
• Owners receive 28 days personal usage each year, or may convert their time through RCI.
• When an owner uses their suite, it is simply removed from the pool for those days.
• Owners earn 29% of the room revenue.
• The management company covers all operating costs from their 71% share.
• Owners remain responsible for levies and rates; however, the hotel pays these on their behalf.
• 10% of each owner’s rental income is allocated to a refurbishment fund.
• Rental income is distributed quarterly.
• Owners receive a quarterly newsletter with updates.
• The hotel offers a variety of room types including deluxe, executive, family rooms, 2- and 3-bedroom suites, and penthouses — 69 units in total.
• The hotel is equipped with a generator.
• Parking includes 50 undercover bays and 20 open bays.
** Every effort has been made to ensure the accuracy of the information provided. However, the details contained herein are for informational purposes only and may be subject to errors, omissions, or change without notice. **
This Deluxe Suite offers a comfortable and stylish layout, featuring a king-size bed, a separate living area, and an open-plan kitchenette ideal for light meal preparation. The suite enjoys beautiful views over vibrant Century City and the Durbanville Hills, one of Cape Town’s leading wine-producing regions.
Measuring approximately 40m², the unit includes air-conditioning, a work desk with international plug points, telephone, complimentary Wi-Fi, a flat-screen TV, and an elegant open-plan en-suite bathroom with a free-standing bath and shower.
Important: This is a Cash-Only investment, as banks do not offer financing for units within a rental pool.
Investing at Colosseum Luxury Hotel
A clear breakdown of how the rental pool operates:
• The suite is part of the hotel’s rental pool and cannot be removed.
• Owners receive 28 days personal usage each year, or may convert their time through RCI.
• When an owner uses their suite, it is simply removed from the pool for those days.
• Owners earn 29% of the room revenue.
• The management company covers all operating costs from their 71% share.
• Owners remain responsible for levies and rates; however, the hotel pays these on their behalf.
• 10% of each owner’s rental income is allocated to a refurbishment fund.
• Rental income is distributed quarterly.
• Owners receive a quarterly newsletter with updates.
• The hotel offers a variety of room types including deluxe, executive, family rooms, 2- and 3-bedroom suites, and penthouses — 69 units in total.
• The hotel is equipped with a generator.
• Parking includes 50 undercover bays and 20 open bays.
** Every effort has been made to ensure the accuracy of the information provided. However, the details contained herein are for informational purposes only and may be subject to errors, omissions, or change without notice. **
Monthly Levy
R1,106
Monthly Rates
R850
Total
R1,956
Features
Interior
Exterior
Sizes
Listing Info
Century City, Milnerton
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
