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Residential or Commercial/Retail Property Investment?
Rank: New-farer Joined: 1/3/2011 Posts: 67 Location: nairobi
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Greetings!
I write to tap into the vast experience of Wazua folk - it the current status of COVID-19 which has seen MAJOR distabilization in the real estate sector, which would be a safer bet in terms of capital investment; residential or commercial/retail?
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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Moorings wrote:Greetings!
I write to tap into the vast experience of Wazua folk - it the current status of COVID-19 which has seen MAJOR distabilization in the real estate sector, which would be a safer bet in terms of capital investment; residential or commercial/retail? This is dependent on a lot of factors. Which location?
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Rank: New-farer Joined: 1/3/2011 Posts: 67 Location: nairobi
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The place is on the Northern Bypass road githogoro/runda environs next to Astrol Petrol station
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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Moorings wrote:The place is on the Northern Bypass road githogoro/runda environs next to Astrol Petrol station My bet would be commercial for that specific location You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Member Joined: 5/15/2019 Posts: 677 Location: planet earth
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Moorings wrote:Greetings!
I write to tap into the vast experience of Wazua folk - it the current status of COVID-19 which has seen MAJOR distabilization in the real estate sector, which would be a safer bet in terms of capital investment; residential or commercial/retail? I would go mixed use. Commercial for the first two floors and residential for the upper ones. You are in fact in a sweet spot, right on a major artery. Tenants (both comm and res) will be calling your phone hard and heavy to get space. Age and family mellows us all over time
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Rank: Member Joined: 10/26/2008 Posts: 380
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amorphous wrote:Moorings wrote:Greetings!
I write to tap into the vast experience of Wazua folk - it the current status of COVID-19 which has seen MAJOR distabilization in the real estate sector, which would be a safer bet in terms of capital investment; residential or commercial/retail? I would go mixed use. Commercial for the first two floors and residential for the upper ones. You are in fact in a sweet spot, right on a major artery. Tenants (both comm and res) will be calling your phone hard and heavy to get space. I would suggest commercial. You are in the middle of a slum, not sure what residential units you would need to put up to attract tenants, unless its those mabati houses.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Mkimwa wrote:amorphous wrote:Moorings wrote:Greetings!
I write to tap into the vast experience of Wazua folk - it the current status of COVID-19 which has seen MAJOR distabilization in the real estate sector, which would be a safer bet in terms of capital investment; residential or commercial/retail? I would go mixed use. Commercial for the first two floors and residential for the upper ones. You are in fact in a sweet spot, right on a major artery. Tenants (both comm and res) will be calling your phone hard and heavy to get space. I would suggest commercial. You are in the middle of a slum, not sure what residential units you would need to put up to attract tenants, unless its those mabati houses. I would be hesitant to develop land in the middle of a slum. Capital appreciation, a major component of return from real estate is limited. Life is short. Live passionately.
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Rank: New-farer Joined: 1/3/2011 Posts: 67 Location: nairobi
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Village Market at one time was a slum/kijiji/village hence its name i guess fortune does indeed favour the brave - thank you all for the input
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Rank: Member Joined: 5/15/2019 Posts: 677 Location: planet earth
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Moorings wrote:Village Market at one time was a slum/kijiji/village hence its name i guess fortune does indeed favour the brave - thank you all for the input As I said on Jon Jones thread where he asked about building a block of flats, listen to Wazoo naysayers at your own peril. Your land is very prime my broda, as you have pointed out, nothing is static, especially when all these bypasses and new highways are being built. Kangemi is also a slum but wait until Waiyaki way expansion is complete. Ask even at present how much an 1/8th is going there already. Build a mixed use..best of both worlds..you can never go wrong especially in such a prime location. My humble two cents. Good luck and WHEN (not if) you succeed, kindly update us! Age and family mellows us all over time
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Moorings wrote:Village Market at one time was a slum/kijiji/village hence its name i guess fortune does indeed favour the brave - thank you all for the input Village Market / Runda was a coffee farm, never a slum. The developers bought the property, planned developments and control development activities up to date. Planning and control has sustained the property prices. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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amorphous wrote:Moorings wrote:Village Market at one time was a slum/kijiji/village hence its name i guess fortune does indeed favour the brave - thank you all for the input As I said on Jon Jones thread where he asked about building a block of flats, listen to Wazoo naysayers at your own peril. Your land is very prime my broda, as you have pointed out, nothing is static, especially when all these bypasses and new highways are being built. Kangemi is also a slum but wait until Waiyaki way expansion is complete. Ask even at present how much an 1/8th is going there already. Build a mixed use..best of both worlds..you can never go wrong especially in such a prime location. My humble two cents. Good luck and WHEN (not if) you succeed, kindly update us! Everybody with a contrary opinion is a naysayer? Grow up Life is short. Live passionately.
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Rank: Member Joined: 5/15/2019 Posts: 677 Location: planet earth
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sparkly wrote:
Everybody with a contrary opinion is a naysayer? Grow up
 You had been behaving very well the past two weeks. My suggestion is you keep it that way instead of going back to the "old you" which, as we all know, never ends well when my cyberguns come blazing  Age and family mellows us all over time
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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There is a difference between critique and critic. One involves intellectual input, which is what @moorings asked for. You are free to launch your infantile cybergun rants. Life is short. Live passionately.
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Rank: Member Joined: 5/15/2019 Posts: 677 Location: planet earth
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 @ Moorings, Be encouraged, brother. There is nothing that a 14 course wall topped with razorwire and electric fence cannot cure in this here our republic. If Astrol Oil has invested there, clearly they have seen something the naysayers haven't, ama? Please also remember almost every posh area in Nairobi core borders a slum yet their property values keep skyrocketing like google balloons, so that is no big deal. Age and family mellows us all over time
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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amorphous wrote:@ Moorings, Be encouraged, brother. There is nothing that a 14 course wall topped with razorwire and electric fence cannot cure in this here our republic. If Astrol Oil has invested there, clearly they have seen something the naysayers haven't, ama? Please also remember almost every posh area in Nairobi core borders a slum yet their property values keep skyrocketing like google balloons, so that is no big deal. On this day 22 July 2020, @mugundaman affirmed that it is ok for a person to invest elsewhere than DC. The great debate has ended with a fatal shot to his own foot. Life is short. Live passionately.
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Rank: Member Joined: 5/15/2019 Posts: 677 Location: planet earth
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sparkly wrote:amorphous wrote:@ Moorings, Be encouraged, brother. There is nothing that a 14 course wall topped with razorwire and electric fence cannot cure in this here our republic. If Astrol Oil has invested there, clearly they have seen something the naysayers haven't, ama? Please also remember almost every posh area in Nairobi core borders a slum yet their property values keep skyrocketing like google balloons, so that is no big deal. On this day 22 July 2020, @mugundaman affirmed that it is ok for a person to invest elsewhere than DC. The great debate has ended with a fatal shot to his own foot. Without amorphous, your life is zero. Just admit it. You tried to do things on your own for only two weeks and look where that took you . If I were you I would be doing the same thing (latching onto amorphous for dear life!) so I dont blame you oo  Age and family mellows us all over time
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Rank: New-farer Joined: 1/3/2011 Posts: 67 Location: nairobi
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Great Wazua people, am humbled from your input in support or otherwise - its has been much appreciated. Asante!
I now embark to do a mixed use - 2 levels of retail/commercial and 2 levels of residential, 1 bedrooms & bedsitters after getting approvals for change of user. I believe the mix will mitigate any risks [tenancy uptake] between the 2 categories. Am i on track here? Shukrani sana wote!
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Rank: Member Joined: 5/15/2019 Posts: 677 Location: planet earth
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Moorings wrote:Great Wazua people, am humbled from your input in support or otherwise - its has been much appreciated. Asante!
I now embark to do a mixed use - 2 levels of retail/commercial and 2 levels of residential, 1 bedrooms & bedsitters after getting approvals for change of user. I believe the mix will mitigate any risks [tenancy uptake] between the 2 categories. Am i on track here? Shukrani sana wote! All the best, brother.  Age and family mellows us all over time
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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Moorings wrote:Great Wazua people, am humbled from your input in support or otherwise - its has been much appreciated. Asante!
I now embark to do a mixed use - 2 levels of retail/commercial and 2 levels of residential, 1 bedrooms & bedsitters after getting approvals for change of user. I believe the mix will mitigate any risks [tenancy uptake] between the 2 categories. Am i on track here? Shukrani sana wote! I would stick to commercial only on the ground level and make the rest residential units
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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amorphous wrote:sparkly wrote:amorphous wrote:@ Moorings, Be encouraged, brother. There is nothing that a 14 course wall topped with razorwire and electric fence cannot cure in this here our republic. If Astrol Oil has invested there, clearly they have seen something the naysayers haven't, ama? Please also remember almost every posh area in Nairobi core borders a slum yet their property values keep skyrocketing like google balloons, so that is no big deal. On this day 22 July 2020, @mugundaman affirmed that it is ok for a person to invest elsewhere than DC. The great debate has ended with a fatal shot to his own foot. Without amorphous, your life is zero. Just admit it. You tried to do things on your own for only two weeks and look where that took you . If I were you I would be doing the same thing (latching onto amorphous for dear life!) so I dont blame you oo So umesema nini hapo? It is not relevant to the current discussion. Life is short. Live passionately.
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