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 month. 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 per month. 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 20 | 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. Helen Grange 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.