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The Capital Mirage

Apartments (14)
From R2,890,000
Size from 43m² to 161m²

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

THE CAPITAL MIRAGE - DE WATERKANT, CAPE TOWN

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 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.

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.

Features

  • 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.

Downloads

Brochure - The Capital Mirage 5.0 MB
Price List - The Capital Mirage 1.1 MB
Floor Plans - The Capital Mirage 3.3 MB

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Disclaimer: While every effort will be made to ensure that the information contained within the Dogon Group Properties website is accurate and up to date, Dogon Group Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

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