2 bedroom apartment in Riara

Apartment

Offplan

Description

The development is located on Riara Road, around 100 meters away from Junction Mall. It offers exclusive 2 and 3 bedroom apartments of various sizes, meticulously designed to deliver an epitome of contemporary living. The address is full of convenience and offers very easy access to Ngong’ Road, Naivasha Road, and James Gichuru all the way to Waiyaki way. Construction is set to begin in November 2023, with an estimated completion timeline of 3 years.

2br

2

130M2

Completion Date

Expected completion date: 2026-11-01

Cash Payment Details

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Cash Price:

Kshs 15,000,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (KES 1,005,000)

Installment Payment Details

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Installment Price:

Kshs 15,000,000

Installment Payment Plan:

30 % deposit, balance structured in 7 % quarterly installments & additional 6.7 % of the sale price as closing cost (KES 1,005,000)

Mortgage Payment Details

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Mortgage Price:

Kshs 15,000,000

Deposit:

30%

Deposit Amount:

Kshs 4,500,000

5yr Repayment Options:

Kshs 220,520 p.m

10yr Repayment Options:

Kshs 135,868 p.m

15yr Repayment Options:

Kshs 109,644 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 1,005,000)

Investment Profile
Expected Rent:

Kshs 92,000

Rental Yield:

7.36%

Payback Period:

13.59 years

Service Charge:

Kshs 8,000 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

Kid's Play Area

Borehole

Ample parking

Fully equipped gym

Backup generator

CCTV

Intercom

Rooftop Terrace

Heated swimming pool

Company

+254 743 466209 / +254 757 488833

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