GREAT INVESTMENT IN A MODERN RESIDENTIAL HOTEL

Ref # 2382731
R4,300,000
Property Details
1 Lower Bree St, North Wharf, 302
1 Bed
1 Bath
1 Garage
75m²

Superb 1 bedroom, 1 bathroom(mes) fully furnished apartment in the sought after Marriot Protea North Wharf Hotel. Full air-conditioned, top quality furnishings, built in dishwasher, refrigerator and freezer, washing/drying machine, oven and hob, microwave and 2 TV's. This is an investment in an apartment which forms part of the North Wharf Hotel rental pool, gym, which requires a waiting period of nine months and a payment of VAT on its value to remove it from the rental pool and be able to live in it permanently or long term let it yourself. Protea Hotels North Wharf will completely manage a hotel letting business for you which includes bookings, 100% maintenance, management, full hotel service to your guests. Parking is available separately at a cost from the body corporate. 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. The hotel offers 24-hour room service, a gym, an internal renowned restaurant, a rooftop pool, and a deck with spectacular views of Cape Town. It is located two minutes from the CTICC, V&A Waterfront, CBD, Table Mountain, Lions Head and the N1, N2 and M3 highways.

A property for the discerning buyer and one that would be suitable as a holiday apartment of a frequent business traveler to Cape Town.

Property Features
Property Type
Apartment
Bedrooms
1
Bathrooms
1
Garages
1
Floor Size
75m²
Living Area
1
Costs and Terms
Levy
±R3,700
Moving costs
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