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