jaggernaut wrote:I think they are good for investment purposes since they could easily fetch a rent of at least 45k pm mainly on the basis of location, not size. The target would be mainly young middle class professionals who would want to live (and be seen living) on Ngong road but can't afford the 75k rent for neighboring 3bdrm apartments.
At 45k pm the ROI would be 11% which is good. Compare this to someone who bought a 3bdr apartment in the neighbourhood at 15m and rents out at 75k, i.e a ROI of just 6%.
Could you be specific on the location Ngong Road Start from NSSF/State House Avenue Traffic Lights through Community(Upperhill) Area, Traffic HQ, Prestige, The Junction, Karen all the way to Ngong Town.
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