Reduced The Cape Royale Hotel Apartments For Sale

Business description

Cape Royale hotel apartments for sale Cape Town

Set against the iconic backdrop of the majestic Table Mountain, the Cape Royale is a landmark building in the city. Our hotel is the premier destination for the discerning traveller, offering the highest standard of personalised services and chic, stylish d?cor. The distinctive old-world fa?ade is elegantly infused with modern, spacious interiors, making this one of the world?s most luxurious contemporary hotels.

?WELCOME TO CAPE TOWN?S PREMIER ADDRESS!?

The Cape Royale Luxury Hotel and Residence was created by a team of passionate individuals with bold vision and imaginative flair, inspired by grand European architecture encompassing a profound Parisian influence. It is one of the finest buildings of this generation which has a pioneering standard for the new millennium.

Situated in Green Point along a tree-lined boulevard with great views of Table Mountain and the Atlantic Ocean whilst at the same time having Cape Town?s V&A Waterfront Harbour and Green Point?s beautiful landscaped park and Stadium as it?s garden and a local village.

We have just released a fine selection of Sectional Title apartments for sale: eg.

1 bedroom @ R3,200 000-00 and R2 295 000

2 bedroom @ R5,900 000-00

3 bedroom @ R7,600 000-00

*I have attached a detailed pricelist for your scrutiny.

Owners have the opportunity of placing their apartments in our ?Rental Pool?. The managing company?s projections are 14% for this year whist next year?s returns are expected to be 11%. If you are a conservative investor, then the developer is keen on a ?guaranteed rental option of 10 % for 3 years?. Please feel free to contact me, should you wish to investigate this choice any further.

The Cape Royale Luxury Hotel and Residence has just been acknowledged as partners of the prestigious ?Preferred Hotels Group?, so I invite you to pop by some time I will delighted to give you a grand tour of our establishment.

Recession defying Property!

INVESTMENT BREAK DOWN

Consists of :

# A 1, 2 or 3 bedroom apartment where the contract is a Sectional Title Ownership.

# A furniture pack

# An optional Rental Pool operated by experienced hotel operators

Payment terms :

# 20% deposit (*or a 10% deposit is also acceptable depending on the investors credibility)

# Balance of purchase price payable on transfer

Important :

# An Investor also purchases a standard furniture package priced from R282 918 for a 1 bedroom unit,

R384 000 for a 2 bedroom and R473 000 for a 3 bedroom apartment,? only if the apartment is to be placed Into rental pool?.

Projected revenue:

# 14% for 2010

# Thereafter 11% average p.a.

# An Investor may occupy their apartment for 49 days each year, free of rental.

OR?

# Investor may opt for a 10% guaranteed income p.a. for 3 years on selected units.

# Investor does not receive any free stay however a 50% discounted rate can be negotiated.

# Alternatively we could negotiate free stays and enter it into the contract.

After transfer:

# An investor receives a VAT refund from SARS.

From R2 295 000

Property information

Real Estate:

Real Property Included