Sector: Real Estate

Business Model: Pre-sale of Premium
Master Planned High - End Residential
Apartment Suites

Stage: Development Stage (Q1:2016)

Type of Investment: Property

 

Investment Highlighlights

• 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 Kibagabaga
• Low off-taking risk.

THE INVESTMENT:
Value Proposition:
Premium master-planned, spacious residential 2 bed, 2.5 bath and 3 bed, 3.5 bath apartments targeting corporates, vacationing tourists, expatriates, diaspora. Located opposite Sun Set Villa estate in the affluent Kibagabaga area (neighboring Nyarutarama Golf Estate)


Investment Opportunity:
Investment Cost: US$ 110,000
Projected Annual Rental Income: US$18,000 (@ US$1,500 pm, furnished unit)
Expected Capital Gain Appreciation: 25% (upon Completion, US$127,500)

Expected Gross Annual Return on Investment: 18% (with Full Occupancy)

Expected Gross Total Annual Return: 43% (with Full Occupancy)
Current Annual Bank Interest (Fixed Deposit): 6% (net of w/tax)


Expected Investment Payback Period: 5.5 Years (with Full Occupancy)
 

Legal Ownership Structure
Each apartment will have a 20 year lease title (issued and renewable upon expiry 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.


The Team
• Financier:
Kenya Commercial Bank Ltd
• Sales & Marketing: Plut Properties Rwanda Ltd.
• Legal Advisors: Trust Law Chambers
• Developers: Serene Crest Developers


 Project Timeline & Key Milestones

• Scheme and Detailed Design: Completed
• Approval of Building Plans by Kigali City Council: Completed
• Construction Permit: Obtained
• Construction Contractor Tender Selection: Completed & Awarded
• Project Approval by Financier: Obtained

• Ground Breaking: Q1:16
• Project Completion and Closure: December 2017

© SERENE CREST APARTMENTS by ​PLUT PROPERTIES LTD

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Sold By Plut Properties Rwanda