Low-entry Investment opportunity

Ref # 2059296
R1,790,000
Property Details
1 Lower Bree St, Protea Hotel North Wharf
1 Beds
1 Bath
82m²

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.

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Floor Size
82m²
Living Area
1
Costs and Terms
Moving costs
Share this Property
Make an enquiry
Interested in this property? Please fill in your details below, and we will contact you as soon as possible.
By clicking on "submit" you agree to our privacy policy.
You may also be interested in these properties
Just Listed
R 1,650,000
Property #2212542, Apartment for sale in Cape Town City Centre
2
2
67m²
Apartment for sale in Cape Town City Centre
Airbnb-friendly Apartment In The Heart Of Cape Town
This fully furnished, two-bedroom apartment in Cape Town offers a lucrative opportunity for investors and is Airbnb-friendly.
Reduced
R 2,100,000
Property #2209197, Apartment for sale in Tamboerskloof
2
1
77m²
Apartment for sale in Tamboerskloof
Charming 2 Bed Unit With Secure Parking
2 bedroom unit with parquet flooring, built-in cupboards, bathroom with shower over bath, kitchen with concrete countertops, secure parking, pet-friendly. Walking distance to town.
R 1,650,000
Property #2209543, Apartment for sale in Bo Kaap
1
1
39m²
Apartment for sale in Bo Kaap
Funky Garden Apartment In Bo-kaap
Stylish garden apartment with own outside area, shared garden, secure parking, located in historical Bo-Kaap, across from a kids' playpark. Airbnb and pet friendly.