Apartment

Colombo City Centre – Rental Guarantee

Colombo 2
lkr 76,896,050 usd 385,000Listed in usd
  • 973 sq. ft

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Property ID 1988

Apartment Sales

  • +94 114 01 02 03

Property Details

Other Amenities:

  • 300,000 sq. ft Mall
  • Food Court
  • 6 Screen Multiplex
  • Premium Supermarket
  • Hotel managed by Marriott
5 year rental guarantee with a 6.5% return

 

Acquest will facilitate your investment, guaranteeing an easy and convenient transaction process.

The guaranteed monthly rental of USD 2,085 will be paid in LKR at the prevailing exchange rate.

 

Terms and Conditions –
  1. The rental guarantee will start when the furniture comes in within a maximum of 8 weeks (A period of 3-4 weeks to close the sale).
  2. Rental guarantee paid in LKR.
  3. Rent paid monthly in advance.
  4. Lease agreement signed with Acquest to rent the apartments back with the option to sub-lease from the buyer.
  5. The monthly management fee of LKR 25,000 will be paid by the owner.
  6. The apartments will be furnished by Acquest and paid for by the investor. The furniture package including all appliances, furniture and soft furnishing which will cost LKR 3 million.
  7. The investor will have the right to sell the apartment assigning the rights of the agreement to a new investor.

 

Saving from the rental guarantee for the investor – USD 35,135 (LKR 7,097,270) over a period of 5 years.

  1. Leases are typically 1 year or 2 years – on average 18 months, between each lease you will have the apartment vacant for approximately 1.5 months this would translate to USD 9,380 over a 5 year period.
  2. Brokerage fee of 1 month’s rent 3 times during this period which would translate to USD 6,255.
  3. Refurbishment of the apartment during this period will cost a minimum of USD 1,000 each time the apartment falls vacant which will cost USD 3,000.
  4. Property Management fee for 5 years of 1 month’s rent would translate to USD 9,000.
  5. The legal Fee for 3 leases would be USD 1,500.
  6. Furniture at a USD 6,000 discount.
Apartment Features
  • Swimming Pool
  • Gym
  • Clubhouse
  • Visitor Parking

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