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3 Bed Room Apartments on Lenana Road
Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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Gordon Gekko wrote: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...... wow!! 100k for an apartment - kwani how much do those guys who rent in runda, ama those sides of gecha pay. anyway, I am sure you pay more for maintenance huko kile/kili (hata sijui huko ni wapi), than for nyayo estate.
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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nakujua wrote:Gordon Gekko wrote: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...... wow!! 100k for an apartment - kwani how much do those guys who rent in runda, ama those sides of gecha pay. anyway, I am sure you pay more for maintenance huko kile/kili (hata sijui huko ni wapi), than for nyayo estate. Kile = Kileleshwa Kili = Kilimani Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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nakujua wrote:Gordon Gekko wrote: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...... wow!! 100k for an apartment - kwani how much do those guys who rent in runda, ama those sides of gecha pay. anyway, I am sure you pay more for maintenance huko kile/kili (hata sijui huko ni wapi), than for nyayo estate. 450K to 600k. It's cheaper to live at the Norfork full board at 350k a month.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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jaggernaut wrote:nakujua wrote:Gordon Gekko wrote: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...... wow!! 100k for an apartment - kwani how much do those guys who rent in runda, ama those sides of gecha pay. anyway, I am sure you pay more for maintenance huko kile/kili (hata sijui huko ni wapi), than for nyayo estate. 450K to 600k. It's cheaper to live at the Norfork full board at 350k a month. Haha that's like on the really higher end. On average is 250-350k
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Rank: Elder Joined: 6/23/2009 Posts: 14,319 Location: nairobi
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Horton wrote:jaggernaut wrote:nakujua wrote:Gordon Gekko wrote: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...... wow!! 100k for an apartment - kwani how much do those guys who rent in runda, ama those sides of gecha pay. anyway, I am sure you pay more for maintenance huko kile/kili (hata sijui huko ni wapi), than for nyayo estate. 450K to 600k. It's cheaper to live at the Norfork full board at 350k a month. Haha that's like on the really higher end. On average is 250-350k nyayo apartments are now at 7.5millions, rent 32K average COOP, IMH, KEGN, KQ, MTNU
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Rank: New-farer Joined: 1/16/2012 Posts: 56
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Gordon Gekko wrote:Horton wrote:Wait is it an "Apartment complex" or "an apartment"??What's the square footage? Amenities?? Service charge?? How long is the lease?? Is it 99years or the 50yr ones?? @Tgoldman, A cousin to a friend of a friend's brother's nephew has just bought 3br all en-suite, sq with own entrance, 252 m2, lift, parking for two, no pool/sauna/gym, 32 units in compound for ksh 23M mortgage. The shainise man would have taken ksh 19M cash money. The lease is 99yrs, started in 1968, service charge 10k - Kileleshwa. I understand those new walalo apartments at Lenana/Ring Road Kilimani (near SA High Commission) - 3br, one en-suite are going at ksh 23M before bargaining. Gordon Gekko this apartment is 3br all en-suite, sq and best price they offered is 20m...Would you say its a good deal mate?
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Rank: New-farer Joined: 1/16/2012 Posts: 56
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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)
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)
@TGoldman if it's 2250 Sq ft. It's an ok deal. Is it for investment? Don't know much about lenana road, however, I was offered on ole-dume road @16m 3br. But those were 1800sqf and the finishing was ok.
Horton its 2250sq, 3br all en-suite but no other amenities like pool, gym etc. The best price they can give me is 20m...Whats your take bro?
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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jaggernaut wrote:nakujua wrote:Gordon Gekko wrote: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...... wow!! 100k for an apartment - kwani how much do those guys who rent in runda, ama those sides of gecha pay. anyway, I am sure you pay more for maintenance huko kile/kili (hata sijui huko ni wapi), than for nyayo estate. 450K to 600k. It's cheaper to live at the Norfork full board at 350k a month. I live near Runda and have never heard of Runda Mimosa.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@mawinder, you need to live IN Runda, not NEAR Runda to have heard of Mimosa. Once past the main gate, your first left turn is Mimosa Drive.....
@Tgoldman, it is a buyers market, how many units in the compound? Are they shainese? If shainese, knock off ksh 2M, what you will spend to replace all the sub-standard fittings.
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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mawinder wrote:jaggernaut wrote:nakujua wrote:Gordon Gekko wrote: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...... wow!! 100k for an apartment - kwani how much do those guys who rent in runda, ama those sides of gecha pay. anyway, I am sure you pay more for maintenance huko kile/kili (hata sijui huko ni wapi), than for nyayo estate. 450K to 600k. It's cheaper to live at the Norfork full board at 350k a month. I live near Runda and have never heard of Runda Mimosa. Yeah, if you live in Gachie, you may not know that Runda Mimosa is one of the most exclusive areas of Runda.
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3 Bed Room Apartments on Lenana Road
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