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2 Bedroom Apartment / Flat For Sale in Bantry Bay

R2 650 000

Bedroom icon 2 1 77m2
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2 Bedroom Apartment / Flat For Sale in Bantry Bay

Bedroom icon 2 1 77m2

2 Bedroom Apartment / Flat For Sale in Bantry Bay

R2 650 000

Monthly Bond Payment: R

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Bond calculator

  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR
1 Bedroom icon 2

Features

  • Lounge 1
  • Pool

Description

ENJOY CAPE TOWN AT THE PRESIDENT HOTEL

Beautiful, spacious 2 bedroom, fully furnished and equipped, sectional title suite in the prestigious President Hotel in Bantry Bay, overlooking the pool with sea views, in one of the most sought after hotels and holiday destinations in Cape Town.

The President Hotel is a world renowned Four Star Hotel on the Atlantic Seaboard, and offers it's owners and guests the best of everything including service , with as a members lounge, free wi-fi, a stunning pool and entertainment area, kids play area, restaurants, beauty salon, a gym, curio shop, 24 hour room service, and a short stroll to the promenade, beaches and all the coffee shops and restaurants in Sea Point.

All suites in the hotel form part of the hotel's rental pool and cannot be bought out of the rental pool, nor lived in permanently or rented out privately by the owner. Owners can use their suite for 30 days per year(in any time denomination), free of accommodation charges(excluding a daily service fee), and for the period not in occupation the owners share in the monthly net profits of the hotel's rental pool. This size unit received R133 527.42 in net profit payments for the 12 month pre-Covid period 1 January 2019 to end December 2019. Monthly share of net profit varies from month to month as revenue is based on occupancy levels in the hotel from time to time. 

An added bonus is that no Transfer Duty or Vat is payable when purchasing in the President Hotel Rental Pool, and is zero rated by SARS.

A great managed property investment and an even better holiday destination.

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 559
Monthly Levy ZAR 828

Property Details

Web Ref RXBH-3313
Property Type Apartment / Flat
Building Size 77m2
Bedrooms 2
Bathrooms 1

Contact Agent

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Gerlinde Moser

Broker Owner

RE/MAX Living (Sea Point)

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Book a viewing

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Enquiry about property Ref:RXBH-3313

R2 650 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Gerlinde Moser

Broker Owner

RE/MAX Living (Sea Point)

MessageCall me back
Book a viewing

Contact Gerlinde Moser

Agent profile picture

Gerlinde Moser

Broker Owner


RE/MAX Living (Sea Point)

Show number

Show number

Enquiry about property Ref:RXBH-3313