upper hill 2 Nairobi ( Nairobi, KE - 12334)

KES12,500,000 KES

Nairobi Real Estates Limited

Nairobi Real Estates Limited Nairobi Real Estates Limited 0725884003 (Office) Request More Info

  • Type: Residential
  • Style: Apartment
  • Bedrooms: 3
  • Bathrooms: 3
  • Lot Type: Rectangular

Description

Investment for rental income. Own 1/4 share of these 42m Apartment @ Kes 12.5m - Earn Kes 70k pm; ROI 18-20%

This investment in Apartments for rental income and capital appreciation in upperhill Nairobi has great returns as compared to other high end residences in Nairobi Kenya. For example, Apartments in upper market of Kileleshwa, Kilimani that can fetch rent of kes 70k per month will sell in the range of kes 15-18m. Their occupancy is not as high, as well it may present certain property management challenges.

This investment opportunity promises a net of Kes 70k per month after deductions of management costs. It is hence a stress free investment while upper hill is the fastest growing location in Nairobi with land prices of between Kes 500m-600m an acre. The investor will own a fraction of the management company that runs the apartments solely for the purpose of investments with annual return of between 18-20%.

This is a fully serviced quality accommodation for directors and CEO’s within Nairobi and continuous to have a waiting list for potential tenants. It serves both local and international clients.

Available options

1. 3 bedrooms fully furnished and serviced in full ownership @ Kes 42 500 000 + stamp duty + closing costs. Net monthly rent of Kes 280,000

2. 2 Quarter Shares of Apartment with 3 bedrooms @ Kes 23,500,000 (includes the purchase costs). Net monthly rental income of Kes 140,000

3. Quarter Share of Apartment with 3 bedrooms @ Kes 12,500,000 (includes all the purchase costs). Net monthly rental income is Kes 70,000

Viewing: Allow at least one business day to set viewing appointment


Payment Terms

30% Deposit, Balance as per agreement

Attachments

P2#221686523
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Information is deemed to be correct but not guaranteed.