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2 bedroom apartment in Kilimani, off Lenana Road
Tgoldman
#1 Posted : Tuesday, September 15, 2015 3:28:24 AM
Rank: New-farer


Joined: 1/16/2012
Posts: 56
Dear Wazuans,
First of all thank you all for the advise you'll gave me in my first apartment purchase earlier. Special thanks to Vj, a4architect.com, Gordon Gekko, Horton and others who I may not recall their usernames here.

I am on my way to buy another apartment in Kilimani area, off Lenana Road for my new born son and could use your recommendations and long term advise and looking forward to your constructive feed backs as always.

I am buying 2 bedroom apartment off Lenana Road. 120 sq metres. Luxurious master bedroom en-suite, facilities include: bath tub/Jacuzzi, the guest washroom fitted with shower cubicle. Serene view from the front balcony and a Kitchen with a balcony also. Kitchen is fully equipped with state -of-the-art integrated appliances.
Other amenities in the apartment complex are swimming pool, private Residence Club (Gym, Cafe, Library, Changing Room), Intelligent High Speed Lifts, Surveillance Security System, Bore Hole, Two Back -up Generators, Access Control System.

This is not a property I intend to flip and intend to live there and put it under my son's name in the future. Its newly built complex and the developers are asking it for 15.5m ono. I am certain I can easily get it for 15m.

Is this a decent price as I as it will be my home for a long term and hopefully a decent place to raise a family and grow my alpha along the way.

As always your constructive feedback are well appreciated, God Bless and Asanteni folks.
sparkly
#2 Posted : Tuesday, September 15, 2015 7:55:21 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
You sound like you are selling rather than buying this apartment.

With 15 million, targeting a longterm place to live, I would rather buy a suburban three bedroom house.
Life is short. Live passionately.
kiash
#3 Posted : Tuesday, September 15, 2015 8:06:23 AM
Rank: Veteran


Joined: 4/27/2010
Posts: 951
Location: Nyumbani
And so what is your question? or what advice do you want? or should people say yeah it is good investment, no its not good, or please do not put it under your son's name you should put it under your wife's name d'oh! d'oh! d'oh!
streetwise
#4 Posted : Tuesday, September 15, 2015 8:17:20 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Even me I am asking the same question.

Any way for that he has mentioned a price of 15M looks low.

In addition with 15M and investing for your kid you probably need to choose a different strategy.

Horton
#5 Posted : Tuesday, September 15, 2015 9:17:04 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
This chap has asked for email address in terms of looking for "real estate advice " then he sends you a sales pitch on why u should buy the flat.
a4architect.com
#6 Posted : Tuesday, September 15, 2015 10:44:35 AM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Tgoldman wrote:
Dear Wazuans,
First of all thank you all for the advise you'll gave me in my first apartment purchase earlier. Special thanks to Vj, a4architect.com, Gordon Gekko, Horton and others who I may not recall their usernames here.

I am on my way to buy another apartment in Kilimani area, off Lenana Road for my new born son and could use your recommendations and long term advise and looking forward to your constructive feed backs as always.

I am buying 2 bedroom apartment off Lenana Road. 120 sq metres. Luxurious master bedroom en-suite, facilities include: bath tub/Jacuzzi, the guest washroom fitted with shower cubicle. Serene view from the front balcony and a Kitchen with a balcony also. Kitchen is fully equipped with state -of-the-art integrated appliances.
Other amenities in the apartment complex are swimming pool, private Residence Club (Gym, Cafe, Library, Changing Room), Intelligent High Speed Lifts, Surveillance Security System, Bore Hole, Two Back -up Generators, Access Control System.

This is not a property I intend to flip and intend to live there and put it under my son's name in the future. Its newly built complex and the developers are asking it for 15.5m ono. I am certain I can easily get it for 15m.

Is this a decent price as I as it will be my home for a long term and hopefully a decent place to raise a family and grow my alpha along the way.

As always your constructive feedback are well appreciated, God Bless and Asanteni folks.


@tgoldman, yes it is. any property within 20km radius of nairobi cbd eg lenana road has great capital gains.
As Iron Sharpens Iron, So one Man Sharpens Another.
Chaka
#7 Posted : Tuesday, September 15, 2015 11:30:45 AM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
a4architquote wrote:


@tgoldman, yes it is. any property within 20km radius of nairobi cbd eg lenana road has great capital gains.

What if the son will no be selling off the property in future?
mawinder
#8 Posted : Tuesday, September 15, 2015 12:22:16 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
Chaka wrote:
a4architquote wrote:


@tgoldman, yes it is. any property within 20km radius of nairobi cbd eg lenana road has great capital gains.

What if the son will no be selling off the property in future?

So many ifs.He should also not assume that the son will live in Nairobi as the son may decide to be a farmer in Kitale, a doctor in UK or a County Official in Elgeyo Marakwet!!!!!!!!!1
omhangla
#9 Posted : Tuesday, September 15, 2015 12:52:31 PM
Rank: Member


Joined: 7/8/2013
Posts: 126
@mawinder, then he will rent it
stock.enigma
#10 Posted : Tuesday, September 15, 2015 1:58:21 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
I am on my way to buy another apartment in Kilimani area, off Lenana Road for my new born son and could use your recommendations and long term advise and looking forward to your constructive feed backs as always"

Ate new born son!!!! That is funny
sizzla
#11 Posted : Tuesday, September 15, 2015 2:38:26 PM
Rank: Member


Joined: 6/10/2006
Posts: 201
Location: Nairobi
Quote:
I am on my way to buy another apartment in Kilimani area, off Lenana Road for my new born son and could use your recommendations and long term advise and looking forward to your constructive feed backs as always


Interesting marketing strategy...
Gordon Gekko
#12 Posted : Wednesday, September 16, 2015 7:38:27 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Don't quite know what advise you're looking for since you've already decided to buy. Value is in the eyes of the beholder.

My only comment is that with all those amenities 'swimming pool, private Residence Club (Gym, Cafe, Library, Changing Room), Intelligent High Speed Lifts, Surveillance Security System, Bore Hole, Two Back-up Generators, Access Control System.' you are looking at a monthly service charge of @20k, before you factor in insurance, maitenance and wear&tear, you can take off nearly 25k from anticipated monthly rent.
sparkly
#13 Posted : Thursday, September 17, 2015 6:58:09 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Gordon Gekko wrote:
Don't quite know what advise you're looking for since you've already decided to buy. Value is in the eyes of the beholder.

My only comment is that with all those amenities 'swimming pool, private Residence Club (Gym, Cafe, Library, Changing Room), Intelligent High Speed Lifts, Surveillance Security System, Bore Hole, Two Back-up Generators, Access Control System.' you are looking at a monthly service charge of @20k, before you factor in insurance, maitenance and wear&tear, you can take off nearly 25k from anticipated monthly rent.

He is going to live in it with his family so the 25 is additional costs of living..
Life is short. Live passionately.
Chaka
#14 Posted : Thursday, September 17, 2015 9:26:37 AM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
sparkly wrote:

He is going to live in it with his family so the 25 is additional costs of living..[/quote]
This is like paying 'rent' for your own house?
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