Apartment For Sale in Bantry Bay for R840,000 #1427907
Bantry Bay » Cape Town » Western Cape

Apartment In Bantry Bay

Ref # 1427907

Property Details

  • 1 Baths
  • 26m²


FAMOUS PRESIDENT HOTEL - 24 hour room service, restaurants, gym, pool area and a stroll to Sea Point beaches, promenade, coffee shops and the V&A Waterfont.


Rates and Taxes R795

Levies ; R660

Useable for 30 days a year (in any time denomination you choose. No accommodation costs save for daily cleaning and service fees. For 11 months the owner shares in the net profit income of the hotel rental pool according to the size of the unit (net of rates and levies). The hotel rental pool pays a share of net profit on a monthly basis. The income varies around R55k per year.

No Transfer Duty payable (zero rated by SARS) or VAT payable which makes this a five star managed property investment. The apartment cannot be lived in permanently nor bought out of the hotel rental pool or rented out privately by an owner.

Property Features

  • Property Type Apartment
  • Bath 1
  • Pool Yes
  • Floor Size 26m²
  • Land Size
  • Living Area 1

Property Costs

  • Rates & Taxes ± R795
  • Levy ± R660

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  • Vangelis Doucas TEAM VANGELIS
  • Estate Agent