Bungalow for development in Ruiru

1045, Ruiru, Kiambu
  • Created on: 09-12-2016 00:00:00
  • Bedroom: 3
  • Bathroom: 2
  • Rooms: 4
  • Parking: Yes
  • Rating:
  • Category: Commercial and bungalow
  • Tags: Yes

Properties Ksh: 40,000,000.00
A 3-bedroom bungalow sitting on a 1/8th of an acre while the rest of the 1/8 sits a commercial development which has its APPROVED drawings and designs showing it was to be developed to the 5th floor. Only the ground floor which is developed and earns a rent of Kshs.100, 000 per month.

Payment Options

The following is the proposed financing plan:

  • 10% payable immediately upon signing the offer letter;
  • 90% payable within 90 days.

Alternatively:

  • 10% payable upon signing the offer letter;
  • 90% payable through mortgage financing

 

Financing Option

Prittworld Properties & Mortgages Limited has a vibrant mortgage financing platform. If you are interested and willing to buy, we shall arrange for you suitable and flexible mortgage finance.

A brief description of the property showing:

  • Size;
  • Topography;
  • Surrounding

1) The property is located on the second row from the main Thika Superhighway.

2)  The whole plot measures 1/4acre an acre. The soil type is not black cotton and suitable for real estate developments.

3)  The surrounding contains high-end rental apartments with a 2-bedroom renting at Kshs.25,000 per month while a 1-bedroom renting at Kshs.15,000 per month.

4) The neighborhood is secure and with a good accessibility to the main Thika Superhighway. The access road is all weather.

Investment yield/ Return on Investment

  • The commercial building was planned up to 5th floor but due to financial constraints, only the ground floor is complete and rented. The monthly rental yield is Kshs.150,000.
  • The residential development is about 90% complete and connected with water and electricity.
  •  The residential development is a 3-bedroom with a master ensuite, living room, kitchen, kitchen store and a dhobi area.
  •  The residential development can be rent for Kshs.45,000 a month.

Total number of units

The commercial development has 8 units which are earning monthly rent. The total rent earned is Kshs.100,000 per month.

Road network serving the location

Thika Superhighway which is 200 metres from the property; Eastern by-pass which is 500 metres from the property.

Amenities surrounding the property likely to influence demand 

        ·   Zetech University;

              ·   Total Petrol Station;

              ·     Tosha Petrol Station;

        ·         Supermarkets;

Why invest  in the property

              ·      High expected rental yield;

              ·       Security is excellent;

              ·        The title deed is clean;

              ·       The property is on the second row from Thika Superhighway;

 

 

 

 

Property information

  • Construction
  • Unit Count : 1

Features

Base Information

Rooms: 4
Bed: 3
Bath: 2
Exterior Amenities
Fence
..

Location

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PRITTWORLD PROPERTIES AND MORTGAGES LIMITED.

MOUNTAIN MALL THIKA ROAD,

(Opposite Garden City)

SECOND FLOOR,SUITE C21

P.O BOX 10405 - 00100 NAIROBI - KENYA

+254 722 721 525/+254 739 256 892

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www.prittworldproperties.co.ke

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