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 Protea Hotel The Palms Gateway - Open 1st Quarter of 2008
Location: Umhlanga Ridge, North Coast, KwaZulu-Natal
Property Type: Sectional Title Ownership
ZAR Price on Application

Contact: Sharon Quarmby +27(0)76 197 0770
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Enjoy the luxurious facilities including conference and office centres, swimming pool and secure undercover parking. Relax and gaze out over Gateway from the roof level pool, wander around upmarket shops surrounding the piazza, Or meander along the boulevard.

LUXURY

Comprises four star, premier, fully furnished apartments and lofts for investment on a rental pool basis. All apartments and loft suites are fully furnished with air conditioning and luxury finishes. Managed by Protea Hotels, winners of the “Top Hotel Brand Award.”

INVESTMENT

Take advantage of the anticipated 6% return on your investment based on a 65% occupancy level. A further benefit to investors is discounted rates for a maximum of 30 days per annum. All investors will receive a free Prokard membership for one year. This entitles them to discounts throughout the country at any Protea Hotel.

RETAIL

This hotel complex will include restaurants and shops in the piazza area with easy linked walkways along the inside of the Palm Boulevard precinct.

LOCATION

The building is situated on the corner of the beautiful Palm and Centenary Boulevards, opposite the Wave House at Gateway and the proposed new, beautifully landscaped Chris Saunders park.

INVESTMENT OPPORTUNITY

· A rental pool investment opportunity

· Projected return of 6% per annum based on a 65% occupancy

· Prime position with excellent capital growth

· Fully furnished apartments and lofts

· R20,000 & 20% deposit secures

· No transfer duties

Currently under construction, the Protea Hotel Umhlanga Ridge and rental pool loft apartments will host one of Durban’s finest hotels. Here is your opportunity to buy a Magnificent sectional title apartment or loft. Managed by Protea Hotels. Situated in the heart of Umhlanga Ridge, The Palms is planned to open in the 1st quarter of 2008.

PROTEA HOTELS

Africas largest and leading hotel group, Protea Hotels, now displays its special brand of hospitality in over ten African and Indian Ocean Island countries, as well as London!

Each Protea Hotels is uniquely different in character and our collection ranges from small country Hotels in the Eastern and Northern Cape, sea- and lakeside resorts along the Garden Route, Durban and Cape coasts, to mountain retreats in the Free State, bustling city centre Hotels in Cape Town and Johannesburg and our prestigious portfolio of Hotels and Game and Safari Lodges in Mpumalanga.

So you want some peace of mind. This investment offers you a guaranteed 6% return on your investment (excl VAT) for 2 years.
 
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