Studio apartment for sale in Simola

Simola Hotel Country Club & Spa offers investors the flexibility of owning a 5-Star Hotel suite without the hassle of managing or maintaining it. Suites are sold on a sectional title basis with no usage restrictions. The Hotel will be managed and maintained by the Kat Leisure group. Suite owners also have the option of placing their suites in the Rental pool offering income on top of the capital appreciation Whilst the suite is in the pool the owner incurs absolutely no costs related to the unit. The accommodation income generated through the pool is split as follows: • 30% to the Suite owner • 60% to the Hotel operator • 10% to the levy reserve fund to cover the cost of the estate levy and refurbishment.