Property details

1

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Beds

Baths

Garage

Parking

Rooms

Swimming Pool

Garden

Furnished

Restaurant

Pet Friendly

Alarm

Guest Rooms

Wheelchair

Wireless

Aircon

Spa

Elevator

Conference Facilities

Building size:
57 m²

Features

1 bathroom / 1 reception room

Excellent investment property with immediate income in the prestigious Menlyn Maine Residences

This lovely light south-facing, one-bedroomed apartment has an exclusive rental agreement with the Capital hotels and is an excellent investment property with immediate income. The current hotel rental lease is for 3 years which expires at end November 2022 with a option to renew for a further 3 year period and subject to a 6% rental escalation. Capital Hotels undertakes to: Pay all water and electricity consumption, Pay fibre and Wi-Fi costs, Maintain all furniture, fittings and equipment in the premises, Cover the insurance costs for all contents of the apartment, And to return the apartment, furniture, fittings and equipment in the same condition as it was received baring fair ware & tear. This lease is very much a hassle-free / hands-off investment, with no trouble to date since inception. The interior design is in accordance with the Capital Hotel standards. The unit has an en-suite bedroom, a contemporary living room, dining area, and balcony. A fully equipped kitchen makes it perfect for a comfortable short or long stay. The balcony is the ideal sundowner spot, with lovely views overlooking Menlyn Maine precinct. The kitchen is fitted with Technistone work surfaces. Cook in a Miele under-counter oven, with electric hob and extractor. The bedroom is en-suite and offers ample cupboard space. The apartment offers the following lifestyle features: - Large reception / lounge area with a coffee shop and doorman - Covered basement parking - Access controlled security - A stunning rooftop swimming pool and restaurant - Beautiful communal gardens with walkways and impressive sculptures - High Speed Fibre Optic Internet in the apartment This apartment is within the Menlyn Maine precinct, walking distance from vibey restaurants, shops and Virgin Active gym on the MM Central. Across the way is the glitzy Maslow Times Square Hotel & Casino as well as the state-of-the-art Sun Bet Arena that hosts large scale events, concerts and exhibitions. Menlyn Maine is an innovative city space where beyond the communal facilities, the apartments have been designed for modern living, making the most of the architectural merits of the building. Gardens provide an opportunity for green areas and a connection to the outdoors. The interior finish is achieved through a combination of high quality materials and distinctive design details Monthly Levy: approximately R2 000 pm

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