2 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.

2br

2

112M2

Completion Date

Expected completion date: 2024-09-27

Cash Payment Details

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Cash Price:

Kshs 13,500,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (KES 904,500)

Installment Payment Details

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Installment Price:

Kshs 13,500,000

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 904,500)

Mortgage Payment Details

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Mortgage Price:

Kshs 13,500,000

Deposit:

30%

Deposit Amount:

Kshs 4,050,000

5yr Repayment Options:

Kshs 198,468 p.m

10yr Repayment Options:

Kshs 122,281 p.m

15yr Repayment Options:

Kshs 98,680 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 904,500)

Investment Profile
Expected Rent:

Kshs 80,000

Rental Yield:

7.11%

Payback Period:

14.06 years

Service Charge:

Kshs 7,000 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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