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Premium Studio in Garden City- Thika Road

Garden City- Thika Road

Apartment

Offplan

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.

studio

1

24M2

Commencement Date

Project Commencement date: 01 Jun 2025

Completion Date

Expected completion date: 30 Sep 2027

Cash Payment Details

?

Cash Price:

Kshs 3,400,000

Cash Payment Plan:

100 % payment & additional 6.7 % of the sale price as closing cost (Kshs 227,800)

Installment Payment Details

?

Installment Price:

Kshs 3,400,000

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 227,800)

Home Loan Payment Details ?
Home Loan Price:

Kshs 3,740,000

Deposit Percentage(%):

25%

Deposit Amount:

Kshs 935,000

5yr Repayment Options:

Kshs 58,911

10yr Repayment Options:

Kshs 36,297

15yr Repayment Options:

Kshs 29,291

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 250,580)

Investment Profile
Expected Rent:

Kshs 26,000

Rental Yield(%):

9.18%

Payback Period(years):

11 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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