The Capital Mirage Hotel in De Waterkant is offering property investors the opportunity to buy apartments within the hotel, with a guaranteed rental income from for 3 years, with an option to extend for up to 9 years - even if there is no occupancy.
The Capital Mirage becomes the direct tenant of each unit and The Capital Mirage then gives owners a guaranteed monthly rental.
Rental return is as important as capital growth and purchasing property within a hotel that guarantees a rental income is a great investment option! Occupation date is on transfer, so no rental is lost and The Capital Mirage guarantees a 6% annual escalation. There are also no maintenance issues with an on-site maintenance team handling the upkeep of your unit on the owners 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 Mirage 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.