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Dusit Thani

Beachfront Fully Furnished Apartments at Dusit Thani 5 Star Beach Resort (Balapitiya, Sri Lanka)

SKU: DUS

$81.50 USDper Token
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Tax included.


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Property Highlights

Property ID:
FOH1010
Purchase Price:
US$ 737495
Expected Yield:
6.53%
Sponsor :
Bayview Fractional Realty
Sponsor Commit :
10%
Property Type:
Beachfront Apartments (2 Bedrooms)
Rent Start Date:
June 1, 2023
Country:
Sri Lanka
Locality:
Beachfront, Balapitiya, Sri Lanka
Built Up Area:
1,069.84 sq ft
Bedrooms:
2
Bathrooms:
2
Completion Year:
2023
Lot Size / Undivided Share:
300

Valuation

Asset Price:
US$ 575000
Furnishing & Capex:
US$ 0
Platform Fees:
US$ 57500
Closing Costs:
US$ 37950
Maintenance Reserve :
US$ 67045
Total Purchase Price :
US$ 737495

Token Details

Cost Per Token:
US$ 81.45
Expected Yield:
6.53%
Target IRR:
15.73%
Total Number of Tokens:
10000
Min Token Purchase:
1
Token Type:
ERC 1155
Income Paid in:
USDT
Annual Income Per Token:
US$ 4.81

Rental Yield

Type of Rental:
Occupancy Linked
Monthly Rental Income:
US$ 5215
Property Management Fees :
US$ 1564
Platform Fees :
US$ 261
Property Taxes :
US$ 52
Insurance :
US$ 52
Utilities :
Borne by Property Manager
Total Monthly Costs :
US$ 1929
Net Rent Per Month :
US$ 3285
Net Rent per Annum:
US$ 39424

Balapitiya is a coastal town, in south west Sri Lanka. It is located in the Southern Province in Sri Lanka. Situated 80 km (50 mi) south of Colombo, about a two-hour drive from the capital. It is the nearest town to the Maduganga River. Interesting sites nearby include the Kosgoda Turtle Hatchery, the Amabalangoda Mask Factory and the Kande Vihara Buddhist temple.

Bayview Fractional Realty (BFR) is the world's first specialised fractional ownership real estate company with operations in North America and Asia. BFR curates and brings to market the best residential and commercial properties worldwide that offer a combination of yield as well as capital appreciation. BFR works with its customers either directly or via fractional real estate platforms like FOHO, with a vision that everybody will soon own a portfolio of high quality global fractional real estate assets alongside other asset classes like traditional real estate, stocks and crypto.

This is a high quality five star asset in one of the hidden gems on the global hospitality map. With space the equivalent of 2 hotel rooms and in a marquee building, the acquisition price is a steal and we expect it to appreciate significantly with time as the project completes. The operator is the Dusit Thani group - a renowned Thai hotel operator known for his high quality and service standards. The beachfront location in Balupitiya in our opinion is again a major positive along with numerous initiatives by the government of Sri Lanka to make a mark on the global tourism map. We are confident that this asset will appreciate significantly and will show strong returns on both the operating and capital appreciation sides.

About the Property
Beachfront Fully Furnished Apartments at Dusit Thani 5 Star Beach Resort (Balapitiya, Sri Lanka)
$81.50 USDper Token
$81.50 USDper Token

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