Premium master-planned, spacious residential 2 bed, 2.5 bath apartments targeting corporates, vacationing tourists, expatriates, diaspora located at the heart of Nyarutarama, an exclusive and highly sought after area overlooking the only golf course in Kigali area.
THINKING OF INVESTING?
Investment Cost: US$ 145,000
Projected Annual Rental Income: US$24,000 (@ US$2,000 pm, furnished unit)
Expected Capital Gain Appreciation: 50% (Upon Completion, US$217,500)
Expected Gross Annual Rental Return on Investment: 16.5% (Full year Occupancy)
Expected Gross Total Annual Return: 68% (with Full Occupancy)
Current Annual Bank Interest (Fixed Deposit): 7.6% (net of w/tax)
Expected Investment Payback Period: 6 Years (Full Occupancy)
WHY INVEST IN MAYFAIR GOLF VIEW
Strong, Attractive, above-market superior returns, with substantial equity upside
Low-risk investment Product with good liquidity profile
Highly Reputable Project Team with solid track record
Improved infrastructural road networks and developments to sustain upward trajectory of property prices in Nyarutarama
Low off-taking risk
HOW TO BUY
Cash Plan - $145,000
For this payment plan, a 40% deposit is put down initially and the remaining 60% is paid within 30 days.
Installment Plan - $150,000
For the installment plan, 40% deposit is paid initially, 60% is staggered over the construction period.
Legal Ownership Structure
Each apartment will have a condominium title (issued by the Government of Rwanda) and will be held in the name of the individual investor. No legal restriction on foreign ownership of property in Rwanda. A management holding company with each apartment owner as shareholder to be formed to oversee day-to-day administration of the apartment complex.
Project Timelines and Milestones
Scheme and Detailed Design : Completed
Approval of Building Plans by Kigali City Council: Completed
Construction Permit : Obtained
Construction Contractor Tender Selection: Completed & Awarded
Ground Breaking: Q4:18
Project Completion and Closure: January 2020