NEW
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Web Ref RL330
R950,000
409 The Colosseum, 04 Ratanga Road, Century City, Milnerton
Monthly Bond Repayment R9,325.61
Calculated over 20 years at 10.25% with no deposit.
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Monthly Levy
R1,106
R1,106
Monthly Rates
R850
R850
Luxury Hotel Room Investment
Quay 1 International Realty is pleased to present this Hotel Suite Investment Opportunity, offering an average net rental return of ±5.5% after all costs — including refurbishment contributions, levies, rates and management fees. In addition, owners enjoy 28 days of free holiday usage per year, valued at approximately R70 000, bringing the effective total return to around 11% per annum.
This Deluxe Suite offers a comfortable and stylish layout, featuring a king-size bed, a separate living area, and an open-plan kitchenette ideal for light meal preparation. The suite enjoys beautiful views over vibrant Century City and the Durbanville Hills, one of Cape Town’s leading wine-producing regions.
Measuring approximately 40m², the unit includes air-conditioning, a work desk with international plug points, telephone, complimentary Wi-Fi, a flat-screen TV, and an elegant open-plan en-suite bathroom with a free-standing bath and shower.
Important: This is a Cash-Only investment, as banks do not offer financing for units within a rental pool.
Investing at Colosseum Luxury Hotel
A clear breakdown of how the rental pool operates:
• The suite is part of the hotel’s rental pool and cannot be removed.
• Owners receive 28 days personal usage each year, or may convert their time through RCI.
• When an owner uses their suite, it is simply removed from the pool for those days.
• Owners earn 29% of the room revenue.
• The management company covers all operating costs from their 71% share.
• Owners remain responsible for levies and rates; however, the hotel pays these on their behalf.
• 10% of each owner’s rental income is allocated to a refurbishment fund.
• Rental income is distributed quarterly.
• Owners receive a quarterly newsletter with updates.
• The hotel offers a variety of room types including deluxe, executive, family rooms, 2- and 3-bedroom suites, and penthouses — 69 units in total.
• The hotel is equipped with a generator.
• Parking includes 50 undercover bays and 20 open bays.
** Every effort has been made to ensure the accuracy of the information provided. However, the details contained herein are for informational purposes only and may be subject to errors, omissions, or change without notice. **
This Deluxe Suite offers a comfortable and stylish layout, featuring a king-size bed, a separate living area, and an open-plan kitchenette ideal for light meal preparation. The suite enjoys beautiful views over vibrant Century City and the Durbanville Hills, one of Cape Town’s leading wine-producing regions.
Measuring approximately 40m², the unit includes air-conditioning, a work desk with international plug points, telephone, complimentary Wi-Fi, a flat-screen TV, and an elegant open-plan en-suite bathroom with a free-standing bath and shower.
Important: This is a Cash-Only investment, as banks do not offer financing for units within a rental pool.
Investing at Colosseum Luxury Hotel
A clear breakdown of how the rental pool operates:
• The suite is part of the hotel’s rental pool and cannot be removed.
• Owners receive 28 days personal usage each year, or may convert their time through RCI.
• When an owner uses their suite, it is simply removed from the pool for those days.
• Owners earn 29% of the room revenue.
• The management company covers all operating costs from their 71% share.
• Owners remain responsible for levies and rates; however, the hotel pays these on their behalf.
• 10% of each owner’s rental income is allocated to a refurbishment fund.
• Rental income is distributed quarterly.
• Owners receive a quarterly newsletter with updates.
• The hotel offers a variety of room types including deluxe, executive, family rooms, 2- and 3-bedroom suites, and penthouses — 69 units in total.
• The hotel is equipped with a generator.
• Parking includes 50 undercover bays and 20 open bays.
** Every effort has been made to ensure the accuracy of the information provided. However, the details contained herein are for informational purposes only and may be subject to errors, omissions, or change without notice. **
Features
Pets Allowed
No
Interior
Bedrooms
1
Bathrooms
1
Kitchen
1
Reception Rooms
1
Furnished
Yes
Exterior
Security
Yes
Parkings
1
Pool
Yes
Scenery/Views
Yes
Sizes
Floor Size
41m²
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