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Legacy Apartment by Hass Consult Is It A Good Deal ?
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young
#1 Posted : Sunday, April 14, 2013 2:32:29 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Hi Wazuans,

What is your take in this Pre-Sale offer by notable Hassconsult?
The proposed apartment block is located in Naivasha Road not far from Nakumatt junction shopping center and Ngong road.

A close friend seeked my opinion on this, I know that Hassconsult is a reputable kenyan real estate firm , I am doubly sure they will deliver,
but is the pricing good enough for investment purpose?

Intro offer

Studio Ksh 3.45m
1 bed Ksh 4.95M
2 Bed Ksh 7.25M



http://www.hassconsult.c...;ref_no=MC/1780&t=1


The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Vj
#2 Posted : Sunday, April 14, 2013 3:13:21 PM
Rank: New-farer

Joined: 9/6/2010
Posts: 97
Location: nairobi, kenya
In my opinion the price is very fair (based on the assumption that finishing will be similar to previous Hass projects), only drawback is that the project borders a slum area.

Hence potential returns in rent will be lower by around 20-25% as compared to the area right adjacent Junction mall.
Before you can be be old and wise, you must first be young and stupid.
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sparkly
#3 Posted : Sunday, April 14, 2013 4:40:10 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Not bad for investment property. Real estate is really going crazy.KShs 3.5 m would get you a 3br apartment at Nairobi dam or a 3 br bungalow in buru just 10 yrs ago!
Life is short. Live passionately.
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ruby
#4 Posted : Sunday, April 14, 2013 6:51:22 PM
Rank: Member

Joined: 3/31/2009
Posts: 56
Hass consult is just a selling agent, the developer is the one who delivers. i thought it was a good deal, my concern was/is cost and long term commitment of service charge payment by the tenants since they have things like lifts.
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young
#5 Posted : Monday, April 15, 2013 10:03:59 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria

Thanks to all so far .

Hass Consult said they are not just marketers of this project, that they are directly involved in the development.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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For Sport
#6 Posted : Monday, April 15, 2013 10:17:57 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
How does it compare with the lynx ( ngong road) which suraya is selling?
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Liv
#7 Posted : Monday, April 15, 2013 10:49:19 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
For Sport wrote:
How does it compare with the lynx ( ngong road) which suraya is selling?



Lynx is in a much better location and cheaper even though the sizes of the apartments are smaller.

I have seen the show houses and I think I will buy.

BEDSITTER - 17 SQM - KSHS 2,200,000/=
STUDIO - 23 SQM - KSHS 2,800,000/=
1 BEDROOM - 30 SQM - KSHS 3,750,000/=
2 BEDROOM - 42 SQM - KSHS 4,950,000/=
2 BEDROOM ENSUITE - 50 SQM - KSHS 5,950,000/=


The above prices are for Cash buyers. Mortgage prices are slightly higher.
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For Sport
#8 Posted : Monday, April 15, 2013 11:01:53 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Thanks @Liv. Any idea what he projected rental income for the diff units is?
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Liv
#9 Posted : Monday, April 15, 2013 11:37:40 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
For Sport wrote:
Thanks @Liv. Any idea what he projected rental income for the diff units is?



No idea... but given the location, along ngong road near Uchumi hyper, a furnished apartment there will get you good rental income.
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Ngong
#10 Posted : Monday, April 15, 2013 9:48:51 PM
Rank: Veteran

Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
Liv wrote:
For Sport wrote:
Thanks @Liv. Any idea what he projected rental income for the diff units is?



No idea... but given the location, along ngong road near Uchumi hyper, a furnished apartment there will get you good rental income.


link ie website for those in diaspora?
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