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1 billion kshs' building.
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Moshiwan
#1 Posted : Friday, August 21, 2009 8:47:00 PM
Rank: Member

Joined: 6/25/2009
Posts: 42
Along ngong rd.5 storey,8000 sq mtrs with 150parking units n basement,fibre optic connections,cctvs(30 day video backup),executive finishing.5 year advance rent by ecobank for 3 floors.returns p.m are 80ksh per sq ft p.m(translates to around 7m).elsee plaza is the name.chek it out and drop me a line at juligachengo@gmail.com
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Litro
#2 Posted : Monday, August 24, 2009 8:38:00 AM
Rank: Member

Joined: 7/22/2009
Posts: 120
Location: KENYA
@Moshiwan..we check it out and drop you a line,then?

I think you are in dreamland. Whats with the 1 Billion Kshs?? in your dreams my friend.

5 floors,8000 square metres,150 parkings all for a billion Kshs.... wewe unajua B ni nini???? haaaaaaaaaaaaaaaaaaaaaaaahahaha
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Mr.Tea
#3 Posted : Monday, August 24, 2009 9:08:00 AM
Rank: Member

Joined: 12/4/2008
Posts: 341
Location: Nairobi
Take a firm grip on reality.Nowhere else does due diligence,economic sense all that financial prudence mambo jumbo take precedence than in commercial real estate. There are no whimsical or sentimental purchases in this section. Take an example of Corner House with its 20-plus floors in the heart of the city and a middle-profile tenancy.An area of couple of hundreds of thousands square feet.Price 850M last year. Wake up from your stupor!!!!!!!!!!

Patience Pays in Guaranteed Checks
Patience Pays In Guaranteed Checks.
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Kausha
#4 Posted : Monday, August 24, 2009 9:31:00 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
500m there can be a discussion. Anything above that sisi hapana Eero!(no pun intended).
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Robinhood
#5 Posted : Monday, August 24, 2009 10:01:00 AM
Rank: Elder

Joined: 12/11/2008
Posts: 2,306
Mosh,

were you also selling plots in the CBD a while back? Do you still have them?

God is good
Great men are not always wise, neither do the aged understand judgement...
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adept
#6 Posted : Monday, August 24, 2009 10:14:00 AM
Rank: Member

Joined: 12/8/2008
Posts: 359
The plots in the CBD have moved and grown into a KES 1B building on Ngong Rd. LOL.
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Spend.thrift
#7 Posted : Monday, August 24, 2009 10:47:00 AM
Rank: Member

Joined: 8/11/2009
Posts: 302
I also thought 1 billion for that building sounded like a KBS ride to Galapagos.

Anyway,you trying to sell 1 billion property hapa Sk. No pun intended lakini si tumezoea ma-toyota na maploti hivi. Si you place the advert kwa CNN ama Time Magazine. Ama kwa notice board ya parliament.



We tenda wema kisha wende zako. Usinipe macho ya kutarajia shukrani!!!
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Moshiwan
#8 Posted : Monday, August 24, 2009 11:46:00 AM
Rank: Member

Joined: 6/25/2009
Posts: 42
Okay.A B is little money u people,be optimistic.as for corner hse,it actually cost 790m bt hey the returns are minimal.it depends on who or the guarantees given.3 floors are already rented out for 5YRS!!!!!!.()
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Moshiwan
#9 Posted : Monday, August 24, 2009 12:03:00 PM
Rank: Member

Joined: 6/25/2009
Posts: 42
@robinhood,sure was.they went.Not moved as adept is claiming here but he rite on one thing;they have grown.
Infact,am looking for one anywhere in town to buy for a client.
@all,i also thought 1b was high bt its a willing buyer willin seller type of thing.kama hutaki,washana naye(no pun intended)
changin the topic kidogo,i think that commercial real estate within the cbd is going to reduce as tym goes by.this is becoz most firms,banks included nowadays prefer to set up their headquaters outside the cbd.luk at milimani for example.what do u think?
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Litro
#10 Posted : Monday, August 24, 2009 12:15:00 PM
Rank: Member

Joined: 7/22/2009
Posts: 120
Location: KENYA
Just to illustrate to you how kidogo a B is...

With a B you can actually spend Kshs10,000 every day for the next 274 years....

Now to your wishfully thought Kshs1 Billion Building.. Without even caring to know about the location of your building..the maximum it can get to is Kshs 550.0 million but even this is grossly inflated.rom your argument Ecobank have occupied 3 floor prorated to 4800 square metres i.e 52,000 square feet @ Kshs 80 per month. In 5 years time they will have paid roughly 250.0 million in rentals. Does this justify your 1billion for the project.

Come onget your facts right before hurrying to post threads here. No pun intended my broda!!
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