AN ABSOLUTE BEAUTY
A rare opportunity to own a 2 bedroom, 2 bathroom(both bedrooms en-suite with a separate w/c) fully fitted and furnished, front facing apartment in the sought after President Hotel in Bantry Bay, one of Cape Town's most sought after hotels and holiday destinations, with lovely sea views.
The hotel is equipped with a beautiful pool and entertainment area, gym, restaurants and all your heart can desire. Only a minute's walk to the beautiful Saunders Beach in Bantry Bay.
Use for 30 days a year (in any time denomination you choose) and earn a share of the net profit income from the successfully established hotel rental pool. This size unit received net profit payouts of R135 261.57 for the period January 2019 to end December 2019.
No Transfer Duty is payable(zero rated by SARS) which makes this a five star managed property investment.
Note: this property cannot be lived in permanently as it forms part of the hotel rental pool. Daily parking incurs extra cost as does Daily cleaning and service fee.