2 bedroom apartment in Riara

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2 bedroom apartment in Riara

Riara

Apartment

Complete

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

110M²

Completion Date

Expected completion date: 29 Mar 2025

Cash Payment Details

Cash Price:

Kshs 12,500,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (Kshs 837,500)

Installment Payment Details

Installment Price:

Kshs 12,500,000

Installment Payment Plan:

30 % deposit, balance spread out through the construction period in equal instalments & additional 6.7 % of the sale price as closing cost (Kshs 837,500)

Home Loan Payment Details ?

Apply for a Home Loan

Home Loan Price:

Kshs 13,500,000

Deposit Percentage(%):

20%

Deposit Amount:

Kshs 2,700,000

5yr Repayment Options:

Kshs 226,821

10yr Repayment Options:

Kshs 139,750

15yr Repayment Options:

Kshs 112,777

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 (Kshs 904,500)

Investment Profile

Expected Rent:

Kshs 100,000

Rental Yield(%):

9.6%

Payback Period(years):

10 Years

Service Charge(pm):

Kshs 10,000

Disclaimer:

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

Rental yields are estimates and may vary with time.

Amenities

Borehole

Business Centre

Backup generator

Open floor garden

Heated swimming pool

Children Paradise

CCTV

Fully equipped gym

Ample parking

Other Details

Size Of Land:

0.85 acres

No. of Blocks:

No. of Apartments:

425

No. of Floors: