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Investing KShs. 100m
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einstein
#1 Posted : Monday, December 03, 2018 12:10:44 PM
Rank: New-farer

Joined: 7/3/2015
Posts: 12
Hi people, if you had KES 100m ($1m), is an already built apartment building along Ngong' Road/Kilimani area a good investment?

For example, this one near Adams Arcade/Toi market? https://drive.google.com...2wwdEd1VEk1ZENmYTU4WkF3

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Ericsson
#2 Posted : Monday, December 03, 2018 12:16:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,819
Location: NAIROBI
einstein wrote:
Hi people, if you had KES 100m ($1m), is an already built apartment building along Ngong' Road/Kilimani area a good investment?

For example, this one near Adams Arcade/Toi market? https://drive.google.com...2wwdEd1VEk1ZENmYTU4WkF3



How many units are there?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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einstein
#3 Posted : Monday, December 03, 2018 12:24:21 PM
Rank: New-farer

Joined: 7/3/2015
Posts: 12
Ericsson wrote:
How many units are there?



8 3-bedroom units.
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Angelica _ann
#4 Posted : Monday, December 03, 2018 12:24:26 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Ericsson wrote:
einstein wrote:
Hi people, if you had KES 100m ($1m), is an already built apartment building along Ngong' Road/Kilimani area a good investment?

For example, this one near Adams Arcade/Toi market? https://drive.google.com...2wwdEd1VEk1ZENmYTU4WkF3



How many units are there?


Occupancy levels plus monthly rent income vs associated costs?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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maka
#5 Posted : Monday, December 03, 2018 12:31:36 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Nunua bond don't even think twice....
possunt quia posse videntur
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einstein
#6 Posted : Monday, December 03, 2018 12:40:13 PM
Rank: New-farer

Joined: 7/3/2015
Posts: 12
Angelica _ann wrote:
Occupancy levels plus monthly rent income vs associated costs?


Don't have this info at hand but getting it...

I mostly want to know whether investing in an apartment building in the area is generally a good idea i.e the best use of $1m.
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einstein
#7 Posted : Monday, December 03, 2018 12:51:03 PM
Rank: New-farer

Joined: 7/3/2015
Posts: 12
Angelica _ann wrote:
Occupancy levels plus monthly rent income vs associated costs?


No units currently occupied (vacated for sale), but previously was used for professional offices at 140k per month per unit.

Can be used for either residential or offices.

But as I said, I generally want to know whether investing in such buildings in the area is the best use of $1m.
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KulaRaha
#8 Posted : Monday, December 03, 2018 12:51:04 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
maka wrote:
Nunua bond don't even think twice....


In this economy, best move for now. When things turn, you can place the bond as collateral and borrow to buy property.
Business opportunities are like buses,there's always another one coming
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einstein
#9 Posted : Monday, December 03, 2018 1:05:07 PM
Rank: New-farer

Joined: 7/3/2015
Posts: 12
KulaRaha wrote:
maka wrote:
Nunua bond don't even think twice....


In this economy, best move for now. When things turn, you can place the bond as collateral and borrow to buy property.


Sawa sawa. No experience in this area but I'm investigating.
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einstein
#10 Posted : Monday, December 03, 2018 1:38:30 PM
Rank: New-farer

Joined: 7/3/2015
Posts: 12
I should point that this this money is not mine, it's a relative's. I've always had the hunch that new residential/office properties in the Ngong road area are currently facing occupancy problems.

I haven't researched this, but I just don't have the feeling that this is the best investment.
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