1 Bedroom Apartment / flat for sale in Century City

Description

Experience comfort in this Deluxe Suite, featuring a king-size bed, separate living area, and an open-plan kitchenette suited for simple meal preparation. Enjoy views over vibrant Century City and the Durbanville Hills, Cape Town’s prime winegrowing area. This air-conditioned suite is approximately 40 m2 and includes a work desk with international plug points, telephone, complimentary Wi-Fi, and a flat-screen television. The elegant en-suite bathroom is open plan with a free-standing bath and shower. Bonus small balcony off the lounge. 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 RCi resort. • If you utilize your room, you come out of the pool for those... Experience comfort in this Deluxe Suite, featuring a king-size bed, separate living area, and an open-plan kitchenette suited for simple meal preparation. Enjoy views over vibrant Century City and the Durbanville Hills, Cape Town’s prime winegrowing area. This air-conditioned suite is approximately 40 m2 and includes a work desk with international plug points, telephone, complimentary Wi-Fi, and a flat-screen television. The elegant en-suite bathroom is open plan with a free-standing bath and shower. Bonus small balcony off the lounge. 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 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 6,4% nett after ALL costs, refurbishment projects; levies and rates etc. And not to forget your 28days free holiday every year; valued at around R70 000! Total return works out to 13%/annum taking into account the 28days component. Although this is sectional title ownership, please note that the banks do not offer finance for this type of investment; i.e. it must be a cash purchase. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-1160347323","type":"c"}));

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 1 188

Bedroom

1

Parking

Secure Parking

Kitchens

1

Bathrooms

1

Floor Size

40 m²

Listing Date

21 July 2025

Pets Allowed

No

Price per m²

R 26 250

Listing Number

116224576

Street Address

1450 The Colosseum, 1 Century Way, Century City

Rates and Taxes

R 970

Reception Rooms

1

No Transfer Duty

Yes

Type of Property

Apartment / Flat