Phone: +254 721 410684
10 ACRES MOMBASA ROAD BEHIND NATION PRINTERS JOINT VENTURE.
LETTER OF INTENT FOR JOINT VENTURE
Architect/Financial advisor: Francis Gichuhi Kamau.
Land Price: Kenya Shillings Six Hundred Million (Kshs 600,000,000.00 ) To be Valued by a registered Land Valuer.
Terms of Partnership (Joint Venture) : The land owner shall have a 50% stake in Net Profits plus the value of the land .
Payment Terms of Land Owner’s Stakes : ( Cash buy out or Project units To be discussed )
Financier Offer : Kenya Shillings One Billion Two Hundred and Thirty Million Only ( KSHs = 1,230,000,000.00
Legal Costs: Each party will pay its own legal fees, stamp duty, and Registration costs thereon 8. Completion Date: 2 Years from Construction commence date
PROJECT VALUE: KSHs Six billion, One Hundred Kenya Shillings only . (KSHs 6,100,000,000.00).
CONSTRUCTION VALUE : 45,000 kshs per SQM.
Apartment Type. Number of Units.
2 Bedroomed Type A. 273
2 Bedroomed Type B 182
2 Bedroomed Type C 182
3 Bedroomed 91
2 Bedroomed Duplex Type A 91
2 Bedroomed Duplex Type B 91
Forecasted Financial Summary.
Return on Investment. 25.9%
Land Cost. Kes 600 Million.
Construction Cost. Kes 4.3 Billion.
Total Development Cost. Kes 4.9 Billion.
Project Gross Value. Kes 6.1 Billion.
Project Profit. Kes 1.27 Billion
50% Land Owner’s stake. Kes 1.23 Billion.
Amenities Provided for in the Apartment planning.
• Gym,spa, beauty parlour, convenient store childrens play area. , Eatery, water features, landscape, 1000 car parking, High level security .
Architect Francis Gichuhi Kamau.