North Wharf, 1 Bree Street
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85m2
1 Bedroom Apartment / Flat For Sale in Foreshore
1 Bree, Street
Monthly Bond Payment: R
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STYLISH AND MODERN INTERNATIONAL SOPHISTICATION
Exceptional 1 bedroom, 1 bathroom, fully furnished sectional title suite/apartment with a spacious open balcony in the sought after North Wharf Hotel in the Foreshore. It boasts fully air-conditioned, top quality furnishings, integrated appliances: built in SMEG dishwasher, refrigerator and freezer, washing/drying 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, 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. 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. The returns and profit share is dependent on occupancy levels and there is no guaranteed fixed monthly return.
The Protea Hotel form part of the renowned Marriott International Hotel Group and North Wharf owners can use their 28 days per year with the Marriott Rewards Program worldwide by registering on their website.
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. It is located a mere two minute walk to the CTICC, V&A Waterfront, the CBD, Table Mountain and the N1, N2 and M3 highways.
A definite property to add to your portfolio.
| Bond Payments | R |
| Mun. Rates & Taxes | ZAR 803 |
| Monthly Levy | ZAR 3,862 |
| Web Ref | RXBH-3271 |
| Property Type | Apartment / Flat |
| Building Size | 85m2 |
| Bedrooms | 1 |
| Bathrooms | 1 |
Gerlinde Moser
Broker Owner
RE/MAX Living (Sea Point)
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Monthly Bond Payment: R
