The Capital - Mirage - Residential estate in De Waterkant, Cape Town
The Capital Mirage - De Waterkant, Cape Town.
Buying into a Hotel - Property Investors offered a range of unique benefits.
From R2.890 million (incl VAT).
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.