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ViewRiruta
Apartment
Under Construction
The project is conveniently located in Riruta, 100m away from the Kikuyu / Naivasha Road Junction. It comprises Studio, 1, 2 and 3 - bedroom apartments, designed to provide a unique investment opportunity in affordable housing. Spanning over 7.5 acres and centered around a green park with recreational facilities, it is planned to be Rirutas Only Urban Oasis. For the discerning investor, the project’s strategic location means sustained high occupancy rates, inflation - hedged rental income with yields above 8 % and a projected total overall return of more than 20 % over the medium term. Phase 1 of the project is currently underway, with Tower A on schedule for completion in July 2025, and Tower B in December 2026.
1br
1
40M2
Project Commencement date: 31 Aug 2023
Expected completion date: 31 Jul 2025
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Kshs 4,460,000
100 % payment & additional 6.7 % of the sale price as closing cost (Kshs 298,820)
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Kshs 4,460,000
10 % upon signing of offer letter, 10 % upon signing of sale agreement, balance structured in installments through the construction period & additional 6.7 % of the sale price as closing cost (Kshs 298,820)
Kshs 4,906,000
25%
Kshs 1,226,500
Kshs 77,277
Kshs 47,612
Kshs 38,423
Approx:25 % deposit, 75 % 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 (Kshs 328,702)
Kshs 31,000
8.34%
12 Years
Kshs 3,900
The monthly home loan repayments are estimates and may vary depending on the financier.
Rental yields are estimates and may vary with time.
24 hour security
Access road (Ndwaru Road)
Club House
Backup generator
Swimming pool
Kid's Play Area
Retail shops
Ample green spaces
Gym
Parking
Ample parking
Sports facilities
7.50 acres
385
11