INVESTMENT IN STYLISH MODERN RESIDENTIAL HOTEL
Exceptional 1 bedroom, 1 bathroom fully furnished suite/apartment in the sought after North Wharf Hotel, fully air-conditioned, top quality furnishings, built in SMEG dishwasher, refrigerator and freezer, washing machine, oven and hob, microwave and 2 TV's. This is an investment in a property which currently forms part of the North Wharf Hotel rental pool.
Across the road from the ICC, in close proximity to the Christiaan Barnard Memorial Hospital and the Virgin Active gym, with restaurants close by and the V&A Waterfront within walking distance.
Guests of the hotel have access to a parking space.
If the apartment is purchased and left in the rental pool, no transfer duty or VAT is payable on the transaction, and owners share in the net profits of the hotel and receive monthly returns.
Protea Hotels are part of the renowned Marriott International Hotel Group and North Wharf owners can use their 30 days per year with the Marriott Rewards Program worldwide, after successful application.
The hotel offers 24 hour room service, a gym, an internal restaurant, a stunning roof top pool and deck with spectacular views around Cape Town.
A must to add to your property portfolio.
The apartment can be removed from the pool but requires a notice period of nine months and a payment of 15% VAT on its value/purchase price. (estimate of R 268 500)
This then would allow to use the apartment yourself or to let it long term.