AN IMMACULATE FULLY FURNISHED STUDIO
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.
MAKE THIS YOUR NEXT INVESTMENT!
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.