Estate Living Magazine Investment - Issue 34 October 2018 - Page 22
Capital On The Park
infinity pool, sun deck, spa with sauna and steam room, outdoor
Champagne bar, social bar and restaurant, deli, virtual indoor
golf, a gym with personal trainers and specialised fitness classes,
and direct access to Sandton’s Mushroom Park for daily runs in
the city. It is within walking distance of Sandton City shopping
centre, Nelson Mandela Square, Sandton Convention Centre,
Morningside Clinic, Johannesburg Stock Exchange and
Sandton Gautrain Station.
Prices start at R3.5 million for a two-bedroom unit, plus a
R251,000 furniture package, fetching a rental of R24,500 per
month. A three-bedroom unit starts at R6.3 million, plus a
R490,000 furniture package, and fetches a rental of R40,000 per
The Capital On Bath is situated on the iconic Bath Avenue
in Rosebank. It has a dedicated reception, laundry and
housekeeping, high-speed Wi-Fi, gym, outdoor pool, café and
bar. Units start at R1.04 million for an executive suite, plus a
furniture package of R73,000, and can achieve a rental of R6,800
per month. A two-bedroom unit starts at R3.25 million, plus a
furniture package of R190,000, and fetches a rental of R20,400
The Capital Mirage
is next to the V&A Waterfront in
the booming De Waterkant area. It offers more than 60
contemporary studio and two-bedroom apartments, and offers
a dedicated concierge, sky bar and rooftop pool, a spa, tapas
bar, gym, gin and snooker lounge and steakhouse restaurant.
The nearest shopping centre is the Cape Quarter.
Studio apartments start at R2.7 million, plus a R150,000 furniture
package, fetching a rental of R18,500 per month. The two-
bedroom units start at R6.6 million, plus a R320,000 furniture
package, and fetch a rental of R37,000 per month.
The hotel apartment concept
Apartment hotels combine a hotel with self-catering
residential apartments. They are one of the fastest-growing
sectors in hotel accommodation in the world, comprising
about 9% of hotel accommodation worldwide, but only
about 2% in South Africa, with The Capital Hotel Group
commanding about 75% of the local industry.
The Capital Hotel Group MD Marc Wachsberger says his
is currently the fastest-growing hotel chain in South Africa,
in ‘direct response to ever-increasing demand for the
apartment-hotel style accommodation.’
The Capital hotels boast an average occupancy rate of
80%, which is well above the 55% average occupancy rate
for local hotels, he says.