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Price of 1 acre - Behind Tatu City
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stocksmaster
#1 Posted : Wednesday, April 17, 2013 2:34:37 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
Question to the land gurus:

What would be a fair price for a piece of land with the following details:

Location: Ruiru town; behind Tatu City and next to the 98 hectares CIC Insuarance Land.
Soil Type: Red Soil (currently with coffee bushes)
Size: 1 acre
Special features: With river frontage (hence the land has almost an extra 1 acre of riparian land)

x handle: @stocksmaster79
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Mainat
#2 Posted : Wednesday, April 17, 2013 4:06:02 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Ksh6m
Sehemu ndio nyumba
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mawinder
#3 Posted : Wednesday, April 17, 2013 4:11:36 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Mainat wrote:
Ksh6m

Seriously?i think it is a good deal.
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cnn
#4 Posted : Wednesday, April 17, 2013 4:35:26 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
stocksmaster wrote:
Question to the land gurus:

What would be a fair price for a piece of land with the following details:

Location: Ruiru town; behind Tatu City and next to the 98 hectares CIC Insuarance Land.
Soil Type: Red Soil (currently with coffee bushes)
Size: 1 acre
Special features: With river frontage (hence the land has almost an extra 1 acre of riparian land)


PSOK?
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stocksmaster
#5 Posted : Wednesday, April 17, 2013 10:41:09 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
cnn wrote:
stocksmaster wrote:
Question to the land gurus:

What would be a fair price for a piece of land with the following details:

Location: Ruiru town; behind Tatu City and next to the 98 hectares CIC Insuarance Land.
Soil Type: Red Soil (currently with coffee bushes)
Size: 1 acre
Special features: With river frontage (hence the land has almost an extra 1 acre of riparian land)


PSOK?


@ cnn : Yes. Going at 8M for the acre (and i don't think roads development is part of the deal)..........Overpriced?
x handle: @stocksmaster79
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TPK
#6 Posted : Thursday, April 18, 2013 6:46:09 AM
Rank: Member

Joined: 6/17/2011
Posts: 129
Location: Nairobi
River frontage is good but I would also worry about storm water, it might be manageable now but try to imagine how the situation might change due to developments upstream and those by Tatu and CIC.
As long as you're going to be thinking anyway, think big
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Mkimwa
#7 Posted : Wednesday, May 29, 2013 9:35:19 AM
Rank: Member

Joined: 10/26/2008
Posts: 380
Anyone with contacts?
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Mkimwa
#8 Posted : Tuesday, August 13, 2013 5:35:57 PM
Rank: Member

Joined: 10/26/2008
Posts: 380
@Stocksmaster - did you purchase?

How reliable is PSOK as an organization? Management?
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stocksmaster
#9 Posted : Tuesday, August 13, 2013 9:22:19 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
Mkimwa wrote:
@Stocksmaster - did you purchase?

How reliable is PSOK as an organization? Management?


I didn't buy.........So far about 25 - 30% subscription (as per report presented to the Pharmaceutical Society of Kenya (PSK) by PSOK during the annual pharmacists scientific conference 2 months ago)

PSOK is reliable......its the investment arm of the PSK.

Happy Hunting.
x handle: @stocksmaster79
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Kausha
#10 Posted : Wednesday, August 14, 2013 10:47:49 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
That is too much carry for PSOK. Is the land still agricultural? Is there a master plan and what's the progress with the change of user application? The master plan and it's workability will motivate the level of carry that should be earned by the promoter. Otherwise 8m with the promise of Tatu's existence in the neighborhood borders on a rip off. Picture this an acre in Vipingo ridge was selling at around this price early 2010.
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