SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

Romney Park

Apartments (0)
From R2,990,000
Size from 51m² to 245m²

BESPOKE - SECURE - LUXURY APARTMENTS

ROMNEY PARK - GREEN POINT

Priced from R2.990 Million to R15.750 Million (Incl. VAT) No Transfer Duty

Romney Park, a historical 5-star hotel, is being refurbished into 26 luxurious sectional-title apartments where modern interiors meet traditional architecture. Situated in the highly sought-after Atlantic Seaboard, these spacious apartments are ideal for owners seeking private and secure Cape Town living. Romney Park has a reputation for excellence, making it an ideal choice for buy-to-live, or for investment income via a variety of rental options.

Romney Park is perfectly situated in a quiet, affluent street in Green Point. Here on Cape Town's Atlantic Seaboard, Romney Park is one of the area's architectural gems.
Nearby attractions include:
Sea Point Promenade 1.7 KM
Cape Town Stadium 1.3 KM
V&A Waterfront 2.2 KM
Clifton and Camps Bay beaches 5.6 KM
Short drive or walk to Virgin Active gym 1.5 KM
Walking distance to Tennis courts 1.1 KM and close to MyCiti bus stops, shops, and restaurants. 0.7 KM

As an investment

The on-site professional management team also offers assistance with short-term or long-term rentals on your behalf.

Available:
- 1 Bedroom Apartments
Furnished, sea facing
Private North facing terrace
En-suite bedroom, open-plan lounge and dining area, kitchen
Air-conditioning, on-site parking bay, storeroom

- 2 Bedroom Apartments
Furnished, sea facing
Private North facing terrace
Open-plan lounge and dining area, kitchen
Second bedroom, bathroom
Air-conditioning, 2 on-site parking bays, storeroom

- 3 Bedroom Apartments
Furnished, ocean facing terrace
3 Bathrooms
Air-conditioning, 2 on-site parking bays, storeroom

Deluxe Apartments:
- Deluxe 104
Ground-floor furnished 3 bedroom
3 Bathrooms
Large deck and garden area, private plunge pool
Air-conditioning, 2 on-site parking bays, storeroom

- Deluxe 610
Furnished, deluxe 2 bedrooms
2 Bathrooms
Private rooftop garden, jacuzzi
Air-conditioning, 2 on-site parking bays, storeroom

An attractive return

The option of buying an apartment, and renting it out as a serviced holiday or corporate-stay apartment through the on-site hospitality management company, The Stay Collection, is proving increasingly popular. This provides financial returns for the owners, not least because Romney Park was previously a five-star luxury hotel that had built up a formidable repeat-customer base, managed by the same team that now owns and runs The Stay Collection.

Actual Average Group Occupancy for the last 12 months = 72.57%
(December 2018 - November 2019)

1 BEDROOM APARTMENTS
Average Occupancy Rate = 77.1%
Average monthly revenue = R34,026 p/m Incl. VAT
Potential ROI = 13,6%

2 BEDROOM APARTMENTS
Average Occupancy Rate = 75,9%
Average monthly revenue = R45,170 p/m Incl. VAT
Potential ROI = 9,3%

3 BEDROOM APARTMENTS
Average Occupancy Rate = 53,6%
Average monthly revenue = R42,476 p/m Incl. VAT
Potential ROI = 6,4%

*Figures exclude 25% Management Fee and recharges.
*City of Cape Town Rates and Body Corporate Levies still payable.
*Owners usage 21 days per year.

Registered with the PPRA

Features

  • 24/7 CCTV cameras, electric fence, intercom access
  • On-site reception and concierge desk
  • Outdoor swimming pool
  • Boardroom facilities
  • Clubroom serving selected meals
  • Cocktail bar
  • High speed internet connection
  • Full back up generator during load shedding

Downloads

Floor Plans 3 Bed - Romney Park0 bytes
Floor Plans 1 Bed - Romney Park0 bytes
Floor Plan Deluxe - Romney Park0 bytes
Floor Plans 2 Bed - Romney Park0 bytes
Brochure - Romney Park0 bytes
Price List - Romney Park0 bytes

Green Point, Cape Town

Green Point is a picturesque and cosmopolitan suburb that captivates with its prime location. Located between the foot of Signal Hill, and the Atlantic Ocean, the area's beauty is heightened by its stunning surroundings. The area has many attractions, such as Cape Town Stadium and Green Point Park. Along Somerset Road, you can enjoy an array of eateries, cafes, boutique shops, and lively nightclubs, making it a...
More Info

In the news

The Renovating Moms story
Join us as Megan Viljoen, an enterprising Cape Town businesswoman and mother who has revolutionised South African home improvement and DIY through digital means, sits down with Alexa Horne, Managing Director of DG Properties. In...
 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Residential New Developments in Green Point, Cape Town.

I accept your privacy terms. Privacy Policy
We will communicate real estate related marketing information and related services. We respect your privacy. See our Privacy Policy

Disclaimer: While every effort will be made to ensure that the information contained within the Dogon Group PTY Ltd website is accurate and up to date, Dogon Group PTY Ltd 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.

R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.