1 Bedroom Apartment For Sale in Bantry Bay for R1,650,000 #1295053
Bantry Bay » Cape Town » Western Cape

1 Bedroom Apartment In Bantry Bay

Ref # 1295053
R1,650,000

Property Details

  • 1 Beds
  • 1 Baths
  • 52m²

OWN A PIECE OF THE PRESIDENT HOTEL

A rare opportunity to own a 1 bedroom, 1 bathroom, fully furnished and equipped, front facing apartment,with a small open balcony, overlooking the swimming pool area with sea views, in the sought after President Hotel Rental Pool. The President Hotel is one of the most sought after hotels and holiday destinations in Cape Town.

The hotel has a beautiful communal pool and entertainment area, gym, restaurants and all the heart can desire.An owner can use the apartment for 30 days a year(in any time denomination you choose) with no accommodation costs except daily cleaning and service fees. For the balance of the time which is not occupied by the owner one can share in the net profit income of the hotel rental pool according to the size of the unit(net of rates and levies).No Transfer Duty payable(zero rated by SARS) which makes this a five star managed property investment. The apartment cannot be lived in permanently nor taken out of the hotel rental pool or rented out privately. Daily off street parking fees will apply.

Property Features

  • Property Type Apartment
  • Beds 1
  • Bath 1
  • Pool Yes
  • Floor Size 52m²
  • Land Size
  • Living Area 1

Property Costs

  • Rates & Taxes ± R377
  • Levy ± R599

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  • Gerlinde Moser
  • Founder Broker Owner
  • Ajimu Fukuchi
  • Estate Agent

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Luxury comes standard in the opulent Atlantic Seaboard suburb of Bantry Bay, from its ideal location to impressive properties it truly is a cosmopolitan haven for both local and international high net worth individuals looking for a place to call home.

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