1 Bedroom Apartment For Sale in Foreshore

Description

New kid on the block, completed merely in 2022, these luxury units are designed to be enjoyed! The Rockefeller comprises of 395 expertly designed luxury apartments spread over 18 storeys, located on the Cape Town Foreshore. Investors can take advantage of the comprehensive list of in-house amenities such as a heated pool, restaurants, conference rooms, gym, and lounge bar. The ground floor comprises of 24-hour concierge and hotel reception, a fine-dining restaurant, laundromat and world-class fitness centre/gym. The 1st to the 17th floor are reserved for hotel suites and apartments, with the 18th floor consisting of penthouses and the superb rooftop studio bar and heated pool, with jaw-dropping views of the ocean, city and mountain. Three (3) options offered on the units: 1. Long Term Rental Example: • Purchase Price: R1 800 000 (Includes +-R150 000 furniture & appliances) • Estimated Gross Monthly Income: +-R11 000pm • Levies: R875 • Rates: R684 2. Hotel Investment Example: • Purchase Price: R1 800 000 (Includes +-R150 000 furniture & appliances) • Estimated Gross Monthly Income: *R30 150 • Management Costs: R12 060 • Levies: R875 • Rates: R684 • Estimated Monthly Net Income: R16 531 • Estimated Capital Growth: 6% • Estimated Combined Annual Return: 18.4% • *ADR: R1 525 • Occupancy: 65% • Operating Costs: 40% • Source: 2022/23 Annual PWC Hotel Report 3. Owner-occupier • Enjoy all that The Rockefeller has to offer and live in your luxury apartment in one of the most exciting city’s in the world! Some special features: • 395 luxury apartments • 24hr security & concierge • Technogym fitness centre • High-speed fibre connectivity • Air conditioning units • Keyless entry • World-renown Newmark Hotels • Hotel rental pool • Hotel reception • Conference facilities & boardrooms • Furniture packages available • Rockefeller Plaza Restaurant • Top floor indoor swimming pool • Offsite laundry facilities • Backup power generator • Parking bays for rent • Lift Access Viewings strictly by appointment only.

Features

24 Hour Access

Yes

Guard

Yes

Mountain View

Yes

Laundry

Yes

Fibre

Yes

Backup Power <br><span style="overflow-wrap: break-word; white-space: normal; font: var(--typography-text-xxs-regular-font);">(Battery/Inverter)

Yes