2 bedroom apartment in Riara

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

112M²

Completion Date

Expected completion date: 27 Sep 2024

Cash Payment Details

Cash Price:

Kshs 13,500,000

Cash Payment Plan:

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

Installment Payment Details

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 (Kshs 904,500)

Home Loan Payment Details

Home Loan Price:

Kshs 13,500,000

Deposit Percentage(%):

30%

Deposit Amount:

Kshs 4,050,000

5yr Repayment Options:

Kshs 198,468

10yr Repayment Options:

Kshs 122,281

15yr Repayment Options:

Kshs 98,680

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 (Kshs 904,500)

Investment Profile

Expected Rent:

Kshs 80,000

Rental Yield(%):

7.11%

Payback Period(years):

14 Years

Service Charge(pm):

Kshs 7,000

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

Ample parking

Fully equipped gym

Backup generator

CCTV

Business Centre

Open floor garden

Children Paradise

Heated swimming pool

Other Details

No. of Apartments:

425