Apartment For Sale - R 562,000

Ref # 1966247 : Johannesburg , Johannesburg , Gauteng

The Protea Hotel Johannesburg Parktonian All-Suite is a 4-star accommodation Protea Hotel by Marriot International and was designed in the historic circular style, built in 1980

Each apartment has stunning views of Johannesburg

Rooftop rim flow pool and bar area

Gym

Banqueting & Conferencing facilities

Restaurant

Concierge service

Monthly levy R2980

Rates and taxes: R450

This property can be used as a premium apartment residence or as a part the Hotel Income Pool.

Use of other hotel services as and when required, at applicable rates:

Each furnished unit consist of the following:

X1 bedroom (BIC)

X1 bathroom

Open plan lounge, kitchen, and work station (office desk with chair) leading to a private balcony

A unit owner / tenant on entering her/his apartment places her/his apartment key card in an electricity slot. On leaving, she/he removes the card, in order to re-enter the apartment later. This saves on wastage of electricity from lights and air-cons being left on.

Additionally, the hotel generates some of its own electricity from a gas operated generator. This firstly makes the fixed monthly water and electricity charge (R600) a very reasonable one. Secondly, the building is provided with better than average ability to cope with Eskom outages.

Because of the above and space / design considerations, residents can have a microwave, a hotplate unit and a medium sized fridge in their unit, but no stove or washing machine.

I have a few units for sale on all levels of the building.

Units sizes are 52m2 and 55m2.

Inclose range to:

SA Constitutional Court, High Courts and Magistrates Courts.

Gautrain terminus, and all other rail and other transport hubs.

SA Government, Provincial Government & city Metro offices.

Political party, bank, corporate, union & other institutional head offices & offices.

Major theatres & entertainment complexes (including Newtown & Jhb Theatre).

Universities, colleges & other learning institutions.

Major sporting facilities such as Emirates Ellis Park & FNB stadium.

Hospitals and other medical facilities & research centres.

Major convention centres such as Nasrec.

There are different options available

(1) STAY TO OWN

Why rent when you can STAY to OWN one of the affordable luxury one-bedroom apartments?

The recently launched Parktonian Lifestyle Centre offers incredible urban living options. This including a popular Stay to Own deal allowing you live in luxury for less, as follows:

Move into one of our affordable luxury 1 bed apartments, rent for 15 years at current rentals, with modest increases p.a., pay your levies, rates etc., and after 15 years we will transfer the unit to you for R1 000!

No bank finance required, the seller provides the funding. And you can accelerate your purchase at any time if you can obtain bank finance which saves you money. Ideal for first time home buyers.The existing apartments in our Sectional Title housing development offer very good value they are about 1/3rd of Sandton luxury per sq metre prices.

Live in a lock-up-and-go lifestyle building containing a luxury hotel with all its services available. You can view more info about the apartments and their amenities at the bottom of this page.

Your apartment contains a full-size desk and workstation, so you can save money on office rent.

With judicious use of nearby Gautrain and the Parktonians shuttle bus services, you can possibly obviate having to own a car so making further savings.

(2) FOR SALES TO BUYERS WANTING TO STAY IN THE INCOME POOL: Payment of levies etc still apply but the hotel group manages the unit, If there is any profit made for the year it is split between the units still in the income pool. There are no monthly amounts paid to owners.

(3) PRIVATE SALE: Payment of levies, rates and taxes still apply. Owners are allowed to personally live in the unit, or they can rent the unit out to tenants through a management company.


Property Details

  • Property Type Apartment
  • Beds 1
  • Bath 1
  • Carports 1
  • Pool true
  • Building Size 55m²
  • Stand Size
  • Rates & Taxes ± 450
  • Levy ± 2980

Michelle Maree

0764493700


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