Joint Venture Financing for Apartments, Mombasa Road, behind Nation Printers.

Mombasa road Nation Printers area is approximately 18 km from Nairobi CBD.

The area has upper middle class apartment type of buildings. Its very attractive to the upper middle class due to its easy access through Mombasa road and Syokimau Railway.

Noteable residential developments in this area are 360 apartments, Olnyori apartments and Great Wall apartments.

Olonyori Apartments.

The land is valued at kes 600 million.
Construction cost inclusive of land is kes 4.9 billion.
Sale value based on the 360 apartment units prices is kes 6.1 billion.

Net Profit.

Net profit is kes 1.2 billion.

The land owner gets a kes 1.2 billion take home amount in terms of rentable residential units.
With the current rental value of kes 25000 to kes 30, 000, the land owner can choose to keep his units and get a monthly rental income of between kes 4.5million to kes 5.5 million monthly or to sell the units at market rate and get kes 1.2 billion as take home value.

Land Value.Kes 600,000,000.
Construction cost including land. Kes 4.91 Billion.
Sale Value based on average market rate for the area. Kes. 6.18 Billion.
Profit. Kes 1.27 Billion.
Land Owner Take Home amount is Kes 1.27 Billion.
Land owner can choose to rent out his share of the units at between Kes 4.5 million to Kes 5.5 million per month or sell at kes 1.27 Billion or part rent and part sell depending on their convenience.
Apartment Block.
Number of storeys. 5
Number of carparks per unit. 1.
Number of total car park slots. 1000.

Architect Francis Gichuhi kamau.

Arch. Francis Gichuhi Kamau. (337 Posts)

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


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