Apartment Block in De Waterkant

From R2,949,000

Development The Capital Mirage
Web Ref No ND7

BUYING INTO A HOTEL - PROPERTY INVESTORS OFFERED A RANGE OF UNIQUE BENEFITS

APARTMENT
Priced From R2,949,000
Number of Apartments 11
Size From 43m² to 108m²

Key Features / Amenities

  • Opportunity to own a premium property investment in one of the most desirable and affluent areas of Cape Town.
  • Guaranteed monthly rental income for three years, with an option to extend for up to nine years - even if there is no occupancy.
  • No maintenance issues, with an on-site maintenance team handling the ongoing upkeep of your unit.
  • Apartment serviced and maintained according to the quality standards afforded by a national 4 star hotel group.
  • Owners receive a 25% discount off the standard rates when booking at any of the Capital Hotels nationwide, including the Capital Mirage.

New Development Profile

THE CAPITAL MIRAGE - DE WATERKANT, CAPE TOWN

PRICES FROM R2.949 MILLION (INCL. VAT) NO TRANSFER DUTY

Choose to invest where cultural sophistication meets Cape Town's incomparable lifestyle. Silhouetted against the magnificent backdrop of Table Mountain, offering sweeping views of the Cape Town skyline, The Capital Mirage is primely situated in De Waterkant, next to the V&A Waterfront. These luxurious apartments are at the heart beat of Cape Town's vibrant cultural resurgence. In the bustling hub of couture and cuisine; where decor, art and fashion intersect with the worlds most tasteful dining experiences. Where streets are lined with restaurants, art galleries, design boutiques, tapas bars and sidewalk cafes.

The Capital Mirage has been constructed using a contemporary blend of natural stone and timber finishes and boasts a wide range of facilities that include The Vue Sky Bar and restaurant, a rooftop swimming pool, a spa and hair salon, a gin and snooker lounge, a Cattle Baron, a concierge service, CCTV with 24-hour security, a full backup generator, a gym and more.

How to Capitalise

Offering property investors the opportunity to buy apartments within the hotel, with a guaranteed rental income from your investment for three years, with an option to extend for up to nine years - even if there is no occupancy. The Capital Hotel becomes the direct tenant of each unit and The Capital then gives owners a guaranteed monthly rental. Occupation date is on transfer, so no rental is lost and The Capital guarantees a 6% annual escalation. There are also no maintenance issues with an on-site maintenance team handling the upkeep of your unit on your behalf."

The Capital Mirage is unique in that it is the only property investment opportunity that makes such guarantees. Buyers who sign a lease with The Capital Hotel are also entitled to a 25% discount off the standard rates at all of The Capital Hotels nationwide including The Capital Mirage.

Costs and returns

Prices at The Capital Mirage:-

Studio units sell from R2 949 000 incl. VAT | No Transfer Duty
Rental return of R18 500 p/m incl. VAT
Subject to the purchase of a furniture package for R150 000 incl. VAT.


Superior units sell from R3 490 000 incl. VAT | No Transfer Duty
Rental return of R18 500 p/m incl. VAT
Subject to the purchase of a furniture package for R180 000 incl. VAT.


2 Bedroom units sell from R6 690 000 incl. VAT | No Transfer Duty
Rental return of R37 000 p/m incl. VAT
Subject to the purchase of a furniture package for R320 000 incl. VAT

Agent Contact Details

Rob Stefanutto
Sea Point - Marine House

Cell 083 556 6861
Office (021) 434 1223
Lesley Rensburg
Sea Point - Marine House

Cell 082 576 2087
Office (021) 434 1223

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