Real Estate Investment in kenya.
Buy a share at kes 780,000 to obtain 4.2 years for return on investment in Fully furnished apartment or 10 years in monthly rental or 20% per year capital gain after selling.
Number of Shares.
The project is divided based on the maximum number of 2 bedroomed units that can fit and be approved by the local authority.
The 6m building setback from the access road has been observed.
This leaves the project with a possibility of 4 no. 2 bedroomed units per each floor.
The 2 bedroomed units have been designed such that the livng room can convert into a self contained bedroom to make a total of 3 bedrooms.
The unit has been designed such that each of the 3 self contained rooms, i.e 2 bedrooms plus the living room can be separately sold out under sectional title ownership.
Each such room represents a share.
The 4 units of 2 bedroomed will this have 3 rooms x 4 units=12 shares.
A floor level will this have 12 shares.
Value of share.
These shares will trade at kes 780,000 at entry level. This amount guarantees a complete self contained room within a middle class neighborhood.
Resale of Share.
A seller can then resell their share at an agreed price with the buyer.
The land inclusive of the 12 rooms will be owned by a Limited Liability company that has 12 shares.
Some buyers may prefer to buy more than 1 share . There is no minimum number and the maximum number is 12 per 1 shareholder i.e. only 1 owner for the whole project.
A buyer may opt to live in their unit or rent it out.
Francis Gichuhi Kamau, Architect.