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Need 6M house for good rental income. Ideas?
mwekez@ji
#1 Posted : Thursday, August 15, 2013 11:29:10 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Thinking of Nairobi and environs. Which completed/ongoing projects would you suggest?
Ericsson
#2 Posted : Thursday, August 15, 2013 11:44:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
@mwekez@ji;
Erdeman Greatwall Phase 3
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
accelriskconsult
#3 Posted : Thursday, August 15, 2013 11:47:11 AM
Rank: Member


Joined: 4/2/2011
Posts: 629
Location: Nai
mwekez@ji wrote:
Thinking of Nairobi and environs. Which completed/ongoing projects would you suggest?



I would recommend building but if you dont have the stomach for that, try greatwall phase 3.


30% deposit (which is 1.5m+300k in other charges). that means that with 6m you can book 3 units.

Mortgage financed by DBK at 8% fixed interest rate (this rate is guaranteed because the construction money came from EXIM Bank of China)

The houses are nearing completion.

Plinth area 103 sq metres or thereabout.

Location : Mlolongo/syokimau.

Expected rent should be in region of 25k for a 3 br
a4architect.com
#4 Posted : Thursday, August 15, 2013 6:51:14 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
check a comparison between building and buying here

http://www.a4architect.c...ial-projects-in-nairobi/
As Iron Sharpens Iron, So one Man Sharpens Another.
maka
#5 Posted : Thursday, August 15, 2013 7:47:20 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
accelriskconsult wrote:
mwekez@ji wrote:
Thinking of Nairobi and environs. Which completed/ongoing projects would you suggest?



I would recommend building but if you dont have the stomach for that, try greatwall phase 3.


30% deposit (which is 1.5m+300k in other charges). that means that with 6m you can book 3 units.

Mortgage financed by DBK at 8% fixed interest rate (this rate is guaranteed because the construction money came from EXIM Bank of China)

The houses are nearing completion.

Plinth area 103 sq metres or thereabout.

Location : Mlolongo/syokimau.

Expected rent should be in region of 25k for a 3 br

Passed by Development bank to get the details il be going there sometime this weekend nitapiga picha za kutosha...and i believe its 8.5% over 25 yrs right?
possunt quia posse videntur
rurinjaa
#6 Posted : Friday, August 16, 2013 12:42:08 AM
Rank: New-farer


Joined: 7/10/2013
Posts: 29
Interested. Share info/details ukitoka huko
mwekez@ji
#7 Posted : Friday, August 16, 2013 8:52:14 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
@Ericsson @accelriskconsult, asante sana. this greatwall phase 3 is indeed attractive .... a friend tells me they have a sewerage treatment plant nearby and it emits a foul smell making the place uncomfortable. will confirm when I visit. @maka may also check during his visit
ngapat
#8 Posted : Monday, August 26, 2013 4:22:51 PM
Rank: Member


Joined: 12/11/2006
Posts: 884
Where in mlolongo are the great wall phase 3 apartments located. I need to see the location before deciding
@maka, did u get the pictures
“Invest in yourself. Your career is the engine of your wealth.”
kaifastus
#9 Posted : Monday, August 26, 2013 5:58:04 PM
Rank: Member


Joined: 8/17/2011
Posts: 207
Location: humu humu
[quote=a4architect.com]check a comparison between building and buying here

http://www.a4architect.c...al-projects-in-nairobi/[/quote]

ave been scouring your site..good info there bro..very good info
a4architect.com
#10 Posted : Tuesday, August 27, 2013 11:55:19 AM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@kaifastus..thanks. Site is down today due to web host issues. Check the mirror site here for same content

http://a4architect.wordpress.com/
As Iron Sharpens Iron, So one Man Sharpens Another.
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