1 Bedroom Apartment For Sale in Bantry Bay for R995,000 #1432545
Bantry Bay » Cape Town » Western Cape

Investor'S Opportunity To Own A Piece Of The President Hotel!!

Ref # 1432545
R995,000
Under Offer

Property Details

  • 1 Beds
  • 1 Baths
  • 35m²

Amazing opportunity to own a Open Plan Studio 1 bedroom, 1 bathroom, Kitchenette fully furnished, equipped apartment, overlooking the swimming pool, in the sought after President Hotel Rental Pool. The President Hotel is a luxury hotel seated on the Atlantic Seaboard and is one of the most sought after hotels and holiday destinations in Cape Town. Access to the property is gained via a security gate and has 24/7 security patrols throughout the day.

The hotel has a beautiful communal pool, entertainment area, gym and restaurants. 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.

Outdoor Pool

Kids Play Area

Wifi

Laundry Service

Room Service

Fitness Centre

Hair Salon & Spa

Property Features

  • Property Type Apartment
  • Beds 1
  • Bath 1
  • Pool Yes
  • Floor Size 35m²
  • Land Size
  • Living Area 1
  • Bedroom: Fully Furnished Yes
  • Kitchen: Fully Equipped Yes

Property Costs

  • Rates & Taxes ± R253.57
  • Levy ± R376.42

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  • Elana Lazarus
  • Estate Agent

More About Bantry Bay

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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