wazua Tue, Apr 28, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123>
Plot to build hostels near jkuat
Options
Previous Topic · Next Topic
Jitahidi
#11 Posted : Monday, December 09, 2013 3:07:14 PM
Rank: Member

Joined: 5/8/2008
Posts: 288
MaichBlack wrote:
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.

You will be surprised with the prices...I bought one 50Metres from JKUAT gate C last month for over 2M (40 * 60)...if you think this figure isn't justifiable you don't know what you are saying..Am surrounded by hostel flats did my maths..ROI and payback time incase I do 5 floors (all bedsitters) and outcome was very pleasing..
Back to top
  |
Teller1
#12 Posted : Monday, December 09, 2013 3:12:10 PM
Rank: New-farer

Joined: 10/3/2013
Posts: 15
MaichBlack wrote:
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.


The area has a number of hostels, all occupied, new ones are coming up fast. Students are nowadays forced to operate from Ruiru. Comparing this with a 27*60 at 2.8M in Embakasi Pipeline which would you prefer? Bedsitter Embakasi goes for 6500, Juja 8k.
Back to top
  | | Edit by user: Monday, December 09, 2013 3:20 PM | Reason: Not specified
Jitahidi
#13 Posted : Monday, December 09, 2013 3:58:25 PM
Rank: Member

Joined: 5/8/2008
Posts: 288
Teller1 wrote:
MaichBlack wrote:
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.


The area has a number of hostels, all occupied, new ones are coming up fast. Students are nowadays forced to operate from Ruiru. Comparing this with a 27*60 at 2.8M in Embakasi Pipeline which would you prefer? Bedsitter Embakasi goes for 6500, Juja 8k.

@Teller1 - you are straight to the point...I did similar analysis; I compared those hostels with similaz plot size at kahawa West and JKUAT ones still had a higher return...I went in almost those hostels and students have booked even for next semester..and the Universiyy is still expanding remember
Back to top
  |
MaichBlack
#14 Posted : Monday, December 09, 2013 6:38:25 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Jitahidi wrote:
MaichBlack wrote:
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.

You will be surprised with the prices...I bought one 50Metres from JKUAT gate C last month for over 2M (40 * 60)...if you think this figure isn't justifiable you don't know what you are saying..Am surrounded by hostel flats did my maths..ROI and payback time incase I do 5 floors (all bedsitters) and outcome was very pleasing..

You guys really need to read posts and understand before clicking reply/quote!

This is exactly what I'm talking about!! You bought a plot 50 metres from the gate for approx. 2m. Why would I want to buy one 1.5km away at the same price? Which student is high enough to rent a hostel 1.5km away when there hostels right outside the gate and new 5 floor bedsitters are coming up 50 metres away? Have you visited the area and seen the number of new buildings/hostels coming up within 200 metres of each gate? And a fellow is busy building a hostel 1.5km away?? The students will not even know it exists.

And by the way I have so much information you should see me for paid consultation. I might just increase your income by 30%! I can tell you for free that those students don't like walking. You can guess which courses your tenants/students are doing by which gate your property is closest to. They rent hostels closest their lecture halls. It is too much for them to use a gate other than the one closest to their lecture halls and you imagine they will do 1.5km in the juja dust to come to your hostel?? Unless you are charging < 50%.

50 metres from the gate on the other hand you will make extremely good money. The ROI is spectacular. I encourage you to start building ASAP. Get a loan if you have to. You will service your loan bila stress!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  |
MaichBlack
#15 Posted : Monday, December 09, 2013 6:54:27 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Teller1 wrote:
MaichBlack wrote:
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.


The area has a number of hostels, all occupied, new ones are coming up fast. Students are nowadays forced to operate from Ruiru. Comparing this with a 27*60 at 2.8M in Embakasi Pipeline which would you prefer? Bedsitter Embakasi goes for 6500, Juja 8k.

You guys really need to talk to me for HARD FACTS! Bedsitters next to gate A - highest demand area - are currently going for 7k. Gate C, there are people charging 5,500/=. Yours has to really stand out for you to charge 6,500/=. And why don't you want to tell us the land marks next to yours? It will be years before students walk 1.5km to your hostel. And you will have to charge 3,500/=. And hostels are coming up at a very high rate within a 200m radius of each gate!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  |
jaggernaut
#16 Posted : Monday, December 09, 2013 7:06:30 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
How many bedsitters fit in a 40x80 plot hapo JKUAT?
Back to top
  |
sorovi
#17 Posted : Monday, December 09, 2013 7:28:51 PM
Rank: Member

Joined: 8/3/2007
Posts: 146
jaggernaut wrote:
How many bedsitters fit in a 40x80 plot hapo JKUAT?


Depends.. but you can do 4-5 floors.. with around 6-8 bedsitters per floor which depends on how spacious you want them to be.. so we are looking at 35-40 on estimate
Back to top
  | | Edit by user: Monday, December 09, 2013 8:23 PM | Reason: Not specified
Teller1
#18 Posted : Monday, December 09, 2013 7:32:59 PM
Rank: New-farer

Joined: 10/3/2013
Posts: 15
jaggernaut wrote:
How many bedsitters fit in a 40x80 plot hapo JKUAT?


Can take twelve units.
Back to top
  |
kamundu
#19 Posted : Monday, December 09, 2013 8:36:12 PM
Rank: Member

Joined: 5/9/2011
Posts: 786
Location: Mashinani
I would never put a permanent structure on a plot without a title (read certificate). After witnessing Syokimau
Peace in our Homeland.
Back to top
  |
MaichBlack
#20 Posted : Monday, December 09, 2013 8:36:20 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
@jitahidi or any wazuan - Do you know of anyone selling within a 100 metres of gate A, B or C. That one we can have a serious talk!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  |
3 Pages<123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.