1 bedroom apartment in Riara

Apartment

Under Construction

Description

The development sits on 0.85Acre, 47,000 sqm with 3 impressive 17 floors towers, along Riara road opposite The Junction Mall back parking gate, Kilimani, Nairobi Kenya. It contains 425 units of en-suite one and two-bedroom modern-design apartments with quality luxurious amenities.

1br

1

56M2

Completion Date

Expected completion date: 2024-09-27

Cash Payment Details

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Cash Price:

Kshs 7,500,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (KES 502,500)

Installment Payment Details

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Installment Price:

Kshs 7,500,000

Installment Payment Plan:

30 % deposit, 70% spread out through the construction period in equal instalments, 10 % upon completion & additional 6.7 % of the sale price as closing cost (KES 502,500)

Mortgage Payment Details

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Mortgage Price:

Kshs 7,500,000

Deposit:

30%

Deposit Amount:

Kshs 2,250,000

5yr Repayment Options:

Kshs 110,260 p.m

10yr Repayment Options:

Kshs 67,934 p.m

15yr Repayment Options:

Kshs 54,822 p.m

Mortgage Payment Plan:

Approx:30% deposit, 70% balance paid upon completion by the financier. Home loan processing fees & closing cost at 4.5% of the sale price. Closing cost of the property at 6.7% of the sale price (KES 502,500)

Investment Profile
Expected Rent:

Kshs 65,000

Rental Yield:

10.40%

Payback Period:

9.62 years

Service Charge:

Kshs 5,000 pm

Disclaimer:

The monthly mortgage repayments are estimates and may vary depending on the financier.

Rental yields are estimates and may vary with time.

Amenities

Borehole

Ample parking

Fully equipped gym

Backup generator

CCTV

Business Centre

Open floor garden

Children Paradise

Heated swimming pool

Company

+254 743 466209 / +254 757 488833

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