From R2,990,000

Romney Park - Secure residential estate in Green Point

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.

As an investment:

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

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 601

  • 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.

For sale in this development

Plans

Browse through the available plans and choose your ideal design.

Plan Beds Baths Garages Price (From)
Unit 101 2 2 0
R6,385,000
Unit 101
More info
Plan Type:
Apartment
Plan Size:
102㎡

Unit 104 3 3½ 0
R15,750,000
Unit 104
More info
Plan Type:
Apartment
Plan Size:
245㎡

Unit 201 2 2 0
R5,800,000
Unit 201
More info
Plan Type:
Apartment
Plan Size:
102㎡

Unit 202 3 3½ 0
R7,950,000
Unit 202
More info
Plan Type:
Apartment
Plan Size:
176㎡

Unit 203 2 2 0
R5,990,000
Unit 203
More info
Plan Type:
Apartment
Plan Size:
101㎡

Unit 205 1 1 0
R2,990,000
Unit 205
More info
Plan Type:
Apartment
Plan Size:
51㎡

Unit 301 2 2 0
R6,300,000
Unit 301
More info
Plan Type:
Apartment
Plan Size:
102㎡

Unit 302 3 3½ 0
R8,550,000
Unit 302
More info
Plan Type:
Apartment
Plan Size:
176㎡

Unit 303 2 2 0
R5,990,000
Unit 303
More info
Plan Type:
Apartment
Plan Size:
102㎡

Unit 304 1 1 0
R3,760,000
Unit 304
More info
Plan Type:
Apartment
Plan Size:
60㎡

Unit 305 1 1 0
R3,150,000
Unit 305
More info
Plan Type:
Apartment
Plan Size:
51㎡

Unit 403 2 2 0
R6,385,000
Unit 403
More info
Plan Type:
Apartment
Plan Size:
103㎡

Unit 501 2 2 0
R6,990,000
Unit 501
More info
Plan Type:
Apartment
Plan Size:
102㎡

Unit 601 2 2 0
R14,500,000
Unit 601
More info
Plan Type:
Apartment
Plan Size:
140㎡

Units

Individual units or stands that are available for sale on this development

Price
R3,150,000 – R15,750,000
Sold
0
Available
14
View all units

Facilities

Accommodation
  • Fibre internet connection
Fitness
  • Swimming Pool
Recreation
  • Cocktail bar
  • Clubroom serving selected meals
Residential
  • Reception and concierge desk
Security
  • 24hr security
  • Electric fencing
  • Perimeter wall
  • CCTV
  • Intercom system
Utilities
  • Boardroom facilities

Location

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