2 bedroom apartment in Garden City - Thika Road

Apartment

Under Construction

Description

This development draws its inspiration from the already bustling character of the wider Garden City precinct and has been designed to be the perfect investment opportunity.The development spans over 2.37 acres and it's the latest addition to the 47-acres Garden City mixed-use development. To residents, who might be your family or tenant, this means access to 47 acres of ample green space, a resident's park, a sports park, and lifestyle and recreational facilities. It also means that the Garden City Mall, including its large iMax Cinema, is only a stroll away.

2br

2

61M2

Completion Date

Expected completion date: 2025-09-29

Cash Payment Details

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Cash Price:

Kshs 7,800,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (KES 435,500)

Installment Payment Details

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Installment Price:

Kshs 7,800,000

Installment Payment Plan:

15% upon signing of offer letter, 10 % upon sighing of sale agreement, , 8 quarterly payments spread across the 24 months construction period & additional 6.7 % of the sale price as closing cost(KES 435,500)

Mortgage Payment Details

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Mortgage Price:

Kshs 7,800,000

Deposit:

20%

Deposit Amount:

Kshs 1,560,000

5yr Repayment Options:

Kshs 131,052 p.m

10yr Repayment Options:

Kshs 80,745 p.m

15yr Repayment Options:

Kshs 65,160 p.m

Mortgage Payment Plan:

Approx:20% deposit, 80% 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 435,500)

Investment Profile
Expected Rent:

Kshs 60,000

Rental Yield:

9.23%

Payback Period:

10.83 years

Service Charge:

Kshs 4,500 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

Backup generator

CCTV

Lift

Parking

Access control

Manned Gate House

Garden City Mall

Company

+254 743 466209 / +254 757 488833

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