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ViewRiruta
Apartment
Under Construction
The project is conveniently located in Riruta, 100m away from the Kikuyu / Naivasha Road Junction. It comprises Studio, 1, 2 and 3 - bedroom apartments, designed to provide a unique investment opportunity in affordable housing. Spanning over 7.5 acres and centered around a green park with recreational facilities, it is planned to be Rirutas Only Urban Oasis. For the discerning investor, the project’s strategic location means sustained high occupancy rates, inflation - hedged rental income with yields of up to 8 % and a projected total overall return of more than 20 % over the medium term. Phase 1 of the project is currently under construction, with completion expected in September 2025.
2br
2
70M2
Project Commencement date: 01 Sep 2023
Expected completion date: 30 Sep 2025
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Kshs 7,000,000
100 % payment & additional 6.7 % of the sale price as closing cost (Kshs 469,000))
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Kshs 7,000,000
10 % upon signing of offer letter, 10 % upon signing of sale agreement, balance structured in installments over a period of 2 or 5 years & additional 6.7 % of the sale price as closing cost (Kshs 469,000))
Kshs 7,700,000
25%
Kshs 1,925,000
Kshs 121,286
Kshs 74,728
Kshs 60,304
Approx:25 % deposit, 75 % 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 515,900)
Kshs 40,000
6.86%
15 Years
Kshs 4,800
The monthly home loan repayments are estimates and may vary depending on the financier.
Rental yields are estimates and may vary with time.
Kid's Play Area
Swimming pool
Ample parking
Backup generator
Parking
Gym
Club House
Sports facilities
24 hour security
Retail shops
Ample green spaces
Access road (Ndwaru Road)
7.50 acres
385
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