Upper Hill, Nairobi. 0.75acre plot Joint Venture

Dear Olive Green Investments LTD,

Nairobi.

15th January 2015.

 

JOINT VENTURE AT UPPER HILL ¾ ACRE PLOT.

 

The above subject matter refers.

We hereby share with you our proposal on Joint Venture development for your perusal.

 

Initial scheme design proposals bring the cost of development to KES 2,546,753,125.00 and cost of sale to KES 3,341,250,000.00.

Profit is in the range of KES 794,496,875.00

Below is a summary of the same.

 

 

Cost Item Kshs %
Land 400,000,000.00 15.70627306
Preliminary 28,957,500.00 1.137036005
Construction 1,447,875,000.00 56.85180027
External Works 72,393,750.00 2.842590014
Contingency 72,393,750.00 2.842590014
Architectural fees 86,872,500.00 3.411108016
Quantity Surveying 14,478,750.00 0.568518003
Structural Engineering 28,957,500.00 1.137036005
Elec/Mech Engineering 14,478,750.00 0.568518003
Interior Design/Landscaping 7,239,375.00 0.284259001
Legal fees 14,478,750.00 0.568518003
Project Management fees 14,478,750.00 0.568518003
Marketing 83,531,250.00 3.279911554
Financial Charges 260,617,500.00 10.23332405
Total 2,546,753,125.00 100
Financing Plan Kshs %
Developer 1,019,245,000.00 40.02135071
Debt Finance 1,447,875,000.00 56.85180027
Presales 334,125,000.00 13.11964622
Total 2,546,753,125.00 109.9927972
PROFIT
TOTAL SALES FOR 15 floors 3,341,250,000.00
TOTAL EXPENDITURE 2,546,753,125.00
NET PROFIT 794,496,875.00
% Profit Margin 31.19646216
Take home ammount. 1,194,496,875.00
                      397,248,437.50
797,248,437.50
Sale:
2 Bedroomed                         15,000,000.00
3 Bedroomed                         30,000,000.00
1 bedroomed                           7,500,000.00

 

We look forward to your letter of offer .

Yours faithfully,

 

Francis Gichuhi Kamau, B.Arch. U.o.N. M.A.A.K[A]

 

Arch. Francis Gichuhi Kamau. (326 Posts)

Architect Francis Gichuhi . B.Arch. University of Nairobi. Registered Architect, Kenya. Member, Architectural Association of Kenya. Contacts. email info@a4architect.com. Telephone +254721410684


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