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Romney Park Development

Apartments (15)
From R2,990,000
Size from 51m² to 510m²

BESPOKE - SECURE - LUXURY APARTMENTS

ROMNEY PARK - GREEN POINT

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

Only 15 apartments still available.

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.

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

Brochure - Romney Park 4.0 MB
Floor Plans 1 Bedroom - Romney Park 571.8 KB
Floor Plans 2 Bedroom - Romney Park 663.1 KB
Floor Plans 3 Bedroom - Romney Park 324.4 KB
Floor Plans Duluxe - Romney Park 380.2 KB
Price List - Romney Park2.0 MB

Green Point, Cape Town

This commercially cosmopolitan suburb is located centrally to Cape Town, on the North-Western side of the CBD and is a popular residential area for young professionals who work here. The property landscape in Green Point largely consists of modernly designed mid-rise apartments and mix-use development buildings, complimenting the fast-paced lifestyle of its residents. Nestled between the ocean and Signal Hill, Green...
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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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