Am wrote:Teller1 wrote:guru267 wrote:Teller1 wrote:Juja Salama area hostels plot 2M, 1.5KM from JKUAT. Good offer?
Plot size??
It's a 40x60
Slightly, on the higher side I would think. But again, you are sure to have full occupancy once the project is complete.
No student will travel 1.5km to class when there are hostels a few metres from all the gates.
With increasing student numbers it might happen but there is still room for expansion much closer to the campus. 2M for a 40 * 60 on the basis of hostels for JKUAT students is not justifiable from my point of view!
@Teller1 - How many hostels are next to your plot? And kindly give the closest "landmarks" e.g. the new Uchumi building, Senate hotel etc.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.