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R1,450,000

1450 Colosseum Luxury Hotel, 1 Century Way

Monthly Bond Repayment R14,966.73
Calculated over 20 years at 11% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R1,372
Monthly Rates
R1,200

Free 28day Holiday every year!

This Spacious and luxurious Family Suite is well equipped for families enjoying a city break, with a separate comfortable living area and open-plan kitchenette suited for simple meal prep. Perfect for a relaxing getaway, this ultra-modern Family Suite has a sophisticated look and feel and offers beautiful views over vibrant Century City and Durbanville hills, Cape Town’s prime winegrowing area.

This air-conditioned suite has Wi-Fi and a flat-screen TV to keep everyone entertained after a day of exploring beautiful Cape Town. This Family Suite has one bedroom with two double beds and an elegant en-suite open plan bathroom with a bath and shower.

INVESTING AT COLOSSEUM LUXURY HOTEL
In a nutshell…..
• Your room is part of a rental pool and you are not permitted to take it out of the pool.
• You have the right to have usage of your room for 28 days each year or any RCi resort.
• If you utilize your room, you come out of the pool for those days.
• Owners receive 29% of the room revenue.
• The management company is responsible for all costs, which comes out of their 71%.
• Owners are responsible for their levies and rates, but the hotel pays them on behalf of the owners.
• 10% of the owner’s rental is held back in a kitty for refurbishment projects.
• Rental is distributed to owners every quarter.
• Owners receive a newsletter every quarter.
• The hotel has a few room types, namely deluxe rooms, executive rooms, family rooms, two and three bedroom suites and penthouses. (69 in
total)
• The hotel has a generator.
• The hotel has 50 under cover and 20 open parking bays.

Average return just over 5% nett after ALL costs, refurbishment projects; levies and rates etc.

And not to forget your 28days free holiday every year; valued at around R80 000!

Features

1
1
Interior
Bedrooms
1
Bathrooms
1
Kitchens
1
Reception Rooms
1
Furnished
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
55m²

Century City, Milnerton

Century City Property World offers a range of residential properties for those wanting to live in Century City. This aesthetically pleasing 250ha mixed-use development is situated in Cape Town and offers an integrated mix of business, residential and leisure components.    When it comes to residential options, home buyers are spoilt for choice. Century City has something to fit every lifestyle. Choose from...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

14,966.73

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