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Standard Studio in Garden City- Thika Road

Garden City- Thika Road

Apartment

Under Construction

Description

This development draws its inspiration from the already bustling character of the wider Garden City precinct and has been designed to be the perfect investment opportunity. The development spans over 2.37 acres and it's the latest addition to the 47-acres Garden City mixed-use development. To residents, who might be your family or tenant, this means access to 47 acres of ample green space, a resident's park, a sports park, and lifestyle and recreational facilities. It also means that the Garden City Mall, including its large iMax Cinema, is only a stroll away. Block 3 of the project is anticipated to commence in June 2025 and be completed in September 2027.

studio

1

20M2

Commencement Date

Project Commencement date: 01 Jun 2025

Completion Date

Expected completion date: 27 Sep 2027

Cash Payment Details

?

Cash Price:

Kshs 2,900,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (Kshs 194,300)

Installment Payment Details

?

Installment Price:

Kshs 2,900,000

Installment Payment Plan:

30 % upon signing of the Offer letter, 10 % upon signing of sale agreement, balance payable in quarterly or monthly installments during the construction period & additional 6.7 % of the sale price as closing cost (Kshs 194,300)

Home Loan Payment Details ?
Home Loan Price:

Kshs 3,190,000

Deposit Percentage(%):

25%

Deposit Amount:

Kshs 797,500

5yr Repayment Options:

Kshs 50,247

10yr Repayment Options:

Kshs 30,959

15yr Repayment Options:

Kshs 24,984

Mortgage Payment Plan:

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 213,730)

Investment Profile
Expected Rent:

Kshs 20,000

Rental Yield(%):

8.28%

Payback Period(years):

12 Years

Service Charge(pm):

Kshs 2,500

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

Backup generator

CCTV

Lift

Parking

Access control

Manned Gate House

Garden City Mall

Company

+254 743 466209 / +254 757 488833

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