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Where would you invest 7 million shillings?
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justKiwi
#81 Posted : Saturday, February 15, 2014 10:25:25 AM
Rank: New-farer

Joined: 8/25/2012
Posts: 32
jaggernaut wrote:
I'd suggest that you do real estate. Get an eighth acre at 1m at mwiki, ruai etc. It can fit 7 one bedroom flats on each floor. Each unit at 30m2. Build 2 floors ie ground and 1st floor, a total of 14 units. Construction cost will be 14units x 30m2 @15000 which totals to 6.3m. Rental income will be 14 units x 8,000 each totaling 112,000. Using the rent proceeds you can now choose where to rent a house for you to live in at maybe 40k and pocket the 72k balance every month.

With time and using the rent generated, you can add another 4 floors pole pole, maybe 1 floor per Yr, bringing the total no. of units to 42 and a monthly income of KES 336,000. This amount will be enough for you to rent a luxury apartment at Le Mac Westlands (at only 150k pm). Then you can get another 1/8th and do it again.....and again.

To those who have done it, can this approximation be real? Even now in 2014
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a4architect.com
#82 Posted : Saturday, February 15, 2014 10:33:30 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@justkiwi, the calculations are wrong on cost per m2. kes 15k per m2 is not enough for any highrise structure even if its a slum scaper eg kayole. The costs are in the range of kes 19k to kes 24k per m2 for these slumscrapers.
As Iron Sharpens Iron, So one Man Sharpens Another.
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the deal
#83 Posted : Saturday, February 15, 2014 10:45:09 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
a4architect.com wrote:
@justkiwi, the calculations are wrong on cost per m2. kes 15k per m2 is not enough for any highrise structure even if its a slum scaper eg kayole. The costs are in the range of kes 19k to kes 24k per m2 for these slumscrapers.

Agreed...what is your take on hydraform interlocks...can they reduce the cost?

I saw your hotel project...Its interesting but the location? What has been the impact of the new highway on hotels along Thika road?

Any increase on occupancy rates?

Whats your target market?

I hope you did a good feasibility study...


I'm more inclined to the low end....slum scrappers you call them smile
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  | | Edit by user: Saturday, February 15, 2014 10:47 AM | Reason: Not specified
a4architect.com
#84 Posted : Saturday, February 15, 2014 11:25:50 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Return on investment for kenyan stocks on average is 20%.

http://www.investinginaf...ock-market-performance/

Return on investment on a boutique hotel situated along the southern bypass is nearly the same, at 21%.

http://www.a4architect.c...parison-to-stock-market/
As Iron Sharpens Iron, So one Man Sharpens Another.
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shalishali
#85 Posted : Saturday, February 15, 2014 12:21:02 PM
Rank: Member

Joined: 12/15/2009
Posts: 142
Location: Nairobi
a4architect.com wrote:
@justkiwi, the calculations are wrong on cost per m2. kes 15k per m2 is not enough for any highrise structure even if its a slum scaper eg kayole. The costs are in the range of kes 19k to kes 24k per m2 for these slumscrapers.

i dont know about cost per m2 but can an eighth acre accommodate the 7 one- bedrooms flats?
UKITAFUTA UKABILA UTAKUFA BILA!
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a4architect.com
#86 Posted : Monday, February 17, 2014 10:13:09 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@shalishali, it depends on the local authority bylaws for the area. If local authority allows for maximum ground coverage, its possible.
As Iron Sharpens Iron, So one Man Sharpens Another.
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streetwise
#87 Posted : Monday, February 17, 2014 10:19:07 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If you allow adequate space you may be able to do 5 houses on the gnd and 6 on other floor per floor.
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a4architect.com
#88 Posted : Monday, February 17, 2014 10:46:01 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
the deal wrote:
a4architect.com wrote:
@justkiwi, the calculations are wrong on cost per m2. kes 15k per m2 is not enough for any highrise structure even if its a slum scaper eg kayole. The costs are in the range of kes 19k to kes 24k per m2 for these slumscrapers.

Agreed...what is your take on hydraform interlocks...can they reduce the cost?

I saw your hotel project...Its interesting but the location? What has been the impact of the new highway on hotels along Thika road?

Any increase on occupancy rates?

Whats your target market?

I hope you did a good feasibility study...


I'm more inclined to the low end....slum scrappers you call them smile



@the deal,

I expect the occupancy rates to hit 90% after the 1st year of operations.

The target market is the middle class.

I did a feasibility study.
Wida charges kes 5,600 for the same room.

Kikuyu town hotels charge kes 1,000 for lower class rooms.

Sunstar hotel, off thika road in Garden estate, is 2 years old and already has over 70% occupancy rate, yet its off the main highway.

Kitengela Nomad Hotel, Which i designed and built in 2004, has over 80% occupancy rates and charges kes 1,400 per night.


http://www.a4architect.c...ng-the-southern-bypass/
As Iron Sharpens Iron, So one Man Sharpens Another.
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  | | Edit by user: Monday, February 17, 2014 11:51 AM | Reason: Not specified
masukuma
#89 Posted : Monday, February 17, 2014 11:21:44 AM
Rank: Elder

Joined: 10/4/2006
Posts: 13,823
Location: Nairobi
oh this thread is still alive?
All Mushrooms are edible! Some Mushroom are only edible ONCE!
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webish
#90 Posted : Monday, February 17, 2014 11:25:10 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
masukuma wrote:
oh this thread is still alive?


Yes. smile

Life is joy, death is peace, but the transition is very difficult.
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