Brilliant Investment oportunity

These Sectional Title Units really are a hands off investment as the operator (3 Cities) manages the entire hotel. The board of trustees take the monthly return, hold a bit back for scheduled maintenance etc. and distribute the balance based on the square meters of your unit. So regardless of whether it was occupied or not you get your return. In addition as an owner you get 30 days free accommodation at the hotel that you are free to use up whenever you feel the need or you can convert it to RCi points for a vacation anywhere in the world.

The price for a 35m2 room is R682, 500 nett which equates to an 10 - 11% return. The upside is that they are buying at the low of the economic cycle and hence there is great opportunity for the returns to increase drastically.

The units will attract Vat so the end price for a 35m² will be R778 050-00 Incl. Vat

There are larger unit for sale – 48m² at R936 000-00 plus Vat = R 1 067 040-00 incl. Vat

There are smaller unit for sale – 26m² at a much higher price as they are HIGHLY POPULAR as they do not attract transfer duties exct.

Also the hotel is a firm favourite for regular annual events such as the annual inDaba, S15 rugby, Athletics meetings and football matches as well as it is very well supported by Jhb and Cape Town based business reps.