1 Bedroom Apartment in Century City

Description

HOTEL INVESTMENTOPPORTUNITY THE ISLANDCLUB, CENTURY CITYLooking for an investment opportunity in thesought-after Island Club, Century CityThis hotel room offers investors the opportunityto own a professionally managed hotelinvestment unit, with the hotel handlingreservations, guest allocation and day-to-dayroom management.INVESTMENT HIGHLIGHTSApproximately 40 m²King-size bedProfessionally managed by The Island ClubHotel manages all reservations and guestbookings.Owner participates in the hotel''s revenuedistribution.25 of revenue is distributed to ownersaccording to their Participation Quota PQ10 of the owner''s distribution is allocatedto the Asset Reserve Fund.Levies approximately R1,179 per month,including water and sewage.Rates currently approximately R638 permonth.Furniture and movable items are owned andmanaged by the hotel.No private rental or independentmanagement required by the owner.RECENT INCOMEThe latest management statement supplied forthe unit reflects rental charges of approximatelyR18,943 for March to May 2026, before theapplicable rates and levy deductions shown onthe statement.Income is dependent on hotel occupancy, roomrates and owner usage, and therefore variesfrom month to month.OWNER BENEFITSOwners are entitled to 28 complimentary daysper year in their unit or a similar unit, subject tothe hotel''s terms and conditions.Unused complimentary days expire after oneyear and cannot ordinarily be accumulated.Owners who are RCI members may also havethe option of space-banking their complimentarydays through the hotel in exchange for RCIpoints, subject to RCI''s terms and conditions.HOTEL FACILITIESOwners and hotel guests can enjoy access to:Large outdoor swimming poolHeated indoor swimming pool in the gymareaGym facilitiesHotel Wi-FiInverter backup for Wi-FiConvenient Century City locationThere is no dedicated parking bay allocated tothe unit. The hotel has parking bays available forguests and directs guests to the availableparking areas.IMPORTANT INVESTMENTINFORMATIONThis property is being sold as a hotel investmentscheme and is not a conventional residentialapartment.The owner cannot:Permanently reside in the roomIndependently rent the room to a privatetenantManage the room''s bookings independentlyThe hotel manages reservations and allocatesrooms to guests.A copy of the seller''s signed rentalmanagementagreement and the applicable rules andregulations should be provided to the purchaseras part of the sale process.A UNIQUE HOTEL INVESTMENT OPPORTUNITYIN CENTURY CITYIdeal for an investor looking for a professionallymanaged hospitality investment with the addedbenefit of owner-use opportunities and accessto RCI benefits, subject to the applicable termsand conditions.Contact me today for the income statement,further investment information and viewingarrangements

What we know about this property

Each attribute shows where it came from and how sure we are. Model-derived attributes arrive as enrichment runs.

Portal facts

Levies

R 1 179

Floor size

40 m²

Feature: Gym

yes

Listing date

16 Aug 2026

Feature: Pool

yes

Property type

Apartment

Listing number

T5588599

Rates and taxes

R 638

Feature: Bedrooms

1

Feature: Bathrooms

1