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3 Bed Room Apartments on Lenana Road
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african coloner
#11 Posted : Wednesday, February 05, 2014 2:45:39 PM
Rank: Member

Joined: 10/8/2010
Posts: 446
Location: london
Horton wrote:
dunkang wrote:
Horton wrote:
Hmmm @dukang??? Maybe not so. Too many things to consider.
1.Many people don't like stand alone houses due to security issues, hiring all those extra staff(gardeners, watchies, etc)


That was a funny one. Guy, you are HILLARIOUS!

Horton wrote:
Hmmm @dukang??? Maybe not so. Too many things to consider.
2. Location? I have a friend who has a beach front 3 br flat in Nyali. Could u compare that to a stand-alone in Utange?(as standalone houses in Nyali are quite rare.


Here, we are comparing Lenana Rd and Garden Estate, and not Lenana Rod and Buruburu.


What's funny about that? I'm in the business for a long time and it's just what we have seen over the years.


With your reasoning I can tell you are very loaded which is not bad
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Horton
#12 Posted : Wednesday, February 05, 2014 4:08:27 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
@african coloner jes a hustler who understands the market
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mulla
#13 Posted : Wednesday, February 05, 2014 5:55:16 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
@horton....i will take a stand alone house in garden estate any day over an apartment...i am sure many would concur...i will use the money charged from the rip off service fees in apartment complexes to hire G4S or one of the other security firms plus a gardener...that way i am seeing where my money is going as i am sure alot of change from apartment service fees goes into someone's pocket.
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mv_ufanisi
#14 Posted : Wednesday, February 05, 2014 7:22:39 PM
Rank: Member

Joined: 1/15/2010
Posts: 625
mulla wrote:
@horton....i will take a stand alone house in garden estate any day over an apartment...i am sure many would concur...i will use the money charged from the rip off service fees in apartment complexes to hire G4S or one of the other security firms plus a gardener...that way i am seeing where my money is going as i am sure alot of change from apartment service fees goes into someone's pocket.



Much rather an apartment in a nicely planned place like Garden City or Two Rivers.
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Mkenia
#15 Posted : Thursday, February 06, 2014 12:57:54 PM
Rank: New-farer

Joined: 5/16/2013
Posts: 14
With that much (KES 20M), get yourself 3 units in Nyayo Estate, Embakassi flat.
You will be assured of 90K per month in rental income and now that Outer Ring road carpeting is in the plan, this income is likely to hit 100K. Can the lenana apartment give you that much?
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a4architect.com
#16 Posted : Friday, February 07, 2014 9:22:08 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
the kes 20m for 3 nyayo embakasi houses renting at kes 30k per month still gives a low return on investment since it will take 18 years to recoup the capital.

Am offering far much more impressive returns in the Southern Bypass hotel project whereby investors buy a hotel room then collect monthly revenue from it.
Return on investment is estimated to be 6 to 7 years.

http://www.a4architect.c...joint-investment/page/5/
As Iron Sharpens Iron, So one Man Sharpens Another.
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streetwise
#17 Posted : Friday, February 07, 2014 9:49:08 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
My own view..if you are looking to invest in real estate for returns consider constructing houses at the lower end of the market..this will give highest returns.
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a4architect.com
#18 Posted : Friday, February 07, 2014 11:37:04 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
real estate investment in housing is getting over saturated. It also has low returns, 10 years and above. New methods to invest in hotels, hospitals, schools and shopping malls need to be sought out. These give higher returns but are limited to only locations that are prime, hence difficult to start.
As Iron Sharpens Iron, So one Man Sharpens Another.
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Gordon Gekko
#19 Posted : Friday, February 07, 2014 12:30:15 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Mkenia wrote:
With that much (KES 20M), get yourself 3 units in Nyayo Estate, Embakassi flat.
You will be assured of 90K per month in rental income and now that Outer Ring road carpeting is in the plan, this income is likely to hit 100K. Can the lenana apartment give you that much?

Single 20M apartment in Kile/Kili will fetch 100-110K......
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webish
#20 Posted : Friday, February 07, 2014 12:32:35 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
a4architect.com wrote:
real estate investment in housing is getting over saturated. It also has low returns, 10 years and above. New methods to invest in hotels, hospitals, schools and shopping malls need to be sought out. These give higher returns but are limited to only locations that are prime, hence difficult to start.


True. And actually for hotels, I think you can make "location" work for you.. Hospitals /School , not quite.

Life is joy, death is peace, but the transition is very difficult.
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