For COVID-19 information and updates visit the department of health website www.sacoronavirus.co.za
From R 2 890 000  |  De Waterkant, Cape Town

The Capital Mirage

From R 2 890 000
The Capital Mirage - De Waterkant, Cape Town

Buying into a Hotel - Property Investors Offered a Range of Unique Benefits

Prices from R2,890 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 décor, 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.

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 start at R2 890 000 incl. VAT for a studio apartment and this provides a 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 for R3 790 000 incl. VAT and offer a rental return of R24 000 per month (subject to the purchase of a furniture package for R180 000), whilst 2 Bed apartments sell from R6 690 000 incl. VAT and offer a rental return of R37 000 per month, with a furniture package for R320 000.

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.

BENEFITS OF BUYING AT THE CAPITAL MIRAGE

- 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.

APARTMENT FEATURES

Offering 62 state of the art, contemporary studios and two bedroomed apartments with all the mod cons you could dream of.

- Fully furnished to the highest international standards.
- Integrated air-conditioning
- Underfloor heating
- Full kitchen with washing machine, tumble dryer, fridge, stove, oven, extractor fan, microwave, nespresso pod machine
- Open plan lounge
- Duravit baths and toilets
- Carpets to bedrooms and tiles to kitchen and bathrooms
- King or single beds extra length
- HD 55 inch LED television
- DVD player
- Superior apartments and 2 bedroom apartments have a balcony
Unit Type Beds Baths Garages Price From  
59sqm - 68sqm 1 1 0 R 3 790 000 View
113sqm - 136sqm 2 2 0 R 6 690 000 View
40sqm - 65sqm 1 0 R 2 590 000 View
Contact
Lesley Rensburg



View All Developments
Development Alerts
Share
Email Development Details
Estimated Monthly Repayments
R per month
Term 20 years
Interest Rate 7.00%