8 acres of prime land on offer and for sale in the upmarket along Redhill Rd- Nyari. Its on sale for 50M per acre. The place is pretty prime and has a huge potential for an exquisite housing units. Not so far is the Roslyne Heights Estate and Nyari. Your thoughts.

Good deal. 50m per acre is 25m per half acre which is the going rate for such areas. It would be best to develop a gated community, much like Kihingo village, Rosslyn Heights, and sell the units. 8 acres would hold 16 units each on half acre. Assuming each unit is about 400m2, construction cost would be about 15m, adding the land cost at 25m gives a total cost of 40m for each unit. Each house should sell at 50m to give a 10m profit, or 160m for the whole 16 unit project.

One needs to use the 'Suraya concept'. Partner with land owner and sell houses off plan. Use the funds to construct and share profits with landowner.

Propertyzote,you may be one of the wazuans with access to such cash.Kweli some wazuans are upper class.

I thought i would update you guys on the status of red hill road property opposite Nyari estate. Basically the 16 half acre residential plots that were up for sale 11 have already been sold out and 5 are remaining. They have been sold at a price range of between 24 to 27 Million per half acre and it is majorly to UN staff and expatriates with a number of local investors. On the other side, the commercial property that is available for sale and purchase, 2 acres has already been sold to anonymous company for the purpose of motor vehicle showroom at approximately 120 Million per Acre. Good day and happy hunting.