Description

Priced from KES 2.1 M, 265 Apartments, offers you an excellent opportunity to diversify your investment portfolio into Real Estate.

​265 will be a differentiated high quality product compared to the existing stock in the area making it highly competitive in the rental market; resulting to high and sustainable occupancy in the development. Available for sale are Studio, 1 bedroom, 1-bedroom loft and 2 bedroom apartments.

Project Size

The project sits on 1.2 acres within a prime location next to Haco.

Why is 265 a “Tenants Preference” Estate?

  • Kasarani constituency is the most preferred region for affordable rentals in Nairobi county. It has an estimated population of 780,000 residents (KNBS, 2019) hence very high demand for rental units.
  • 265 will be a differentiated high-quality product compared to the existing stock in the area, making it highly competitive in the rental market; resulting in high and sustainable occupancy in the development.
  • Earn a minimum return of 20-25% over a 2-year period
  • Secure recurrent rental income of up to 7.5% yield
  • High Demand for rental units

What makes this a world class offer?

  • A gated community with a perimeter fencing, internet provision, cctv surveillance and manned security.
  • Upgraded internal drainage system, coordinated landscaping for greenery, 24/7 clean water supply and backup power for all common areas in the development.
  • Mobility friendly development with wheelchair access and a combination of lifts and staircases.
  • Ample parking spaces for residents and visitors.
  • Rooftop lounge/garden for entertainment, mini soccer pitch and tennis court, plenty of green breakout spaces within the estate courtyard.
  • Harmonized interior design for easy living and maximum indoor comfort. Unique premium house typologies unparalleled in the affordable market segment e.g. 1-bedroom loft duplex.

Construction Timescale   

Construction is scheduled to commence in February 2021 for a 2-year period till Dec 2022

 Payment Plan 

  • 10% on signing the offer letter 
  • 10% on signing the agreement for lease 
  • 70% staggered monthly, quarterly or semi-annually during construction
  • 10% on completion

Mortgage Plans Available

Pre-arranged and discounted mortgage financing of up to 80% for ongoing projects and up to 90% for completed projects (Absa, Co-operative & Stanbic Bank)

Proximity

265 is located 20 minutes to CBD, 10 minutes to Thika Road Mall, 20 Minutes to Garden City Mall, 10 minutes to Moi International sports center

Address

  • City Nairobi

Details

Updated on April 24, 2021 at 8:49 am
  • Price: From Kes 2,100,000.00
  • Bedroom: 1
  • Bathroom: 1
  • Property Status: For Rent

Overview

  • 1
  • Bathroom
  • 1
  • Bedroom

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