THE GREENVILLE ESTATE PROJECT
PROJECT SOLD OUT!
CLICK HERE TO SEE OTHER HOUSES FOR SALE
The project comprises of 10 No. residential maisonette units for Sale at Syokimau, less than 1km off Mombasa Road.
3 Bed roomed [2 bedrooms ensuite] -KES 3,950,000[phase 1 only]. I Bedroomed Unit-KES 1,975,000.
The Maisonette has been designed to be easily converted into 2 separate one-bedroomed units, each unit on its own floor level [1st floor and Second floor. Ground Floor contains the car park].The purchasers of the 3 bedroomed maisonettes get two titles each for a 1 bedroomed unit. This will enable the maisonette purchasers to re-sell or mortgage 1 one-bedroomed unit in future when such need arises.
This distance off Mombasa road is an ideal location considering that a location too close to Mombasa road for a residence will result in excessive noise and dust from the busy highway and hence not desirable. See map here
Bedrooms
Each maisonette has two bedrooms and a provision for a third extra bedroom/guest room incase the family unit expands or guests require accomodation.
Price
The introductory sale price is KES 3.95 Million per unit[Ground , First Floor & Second Floor] .
The overall theme of the development would be one of maximizing on the plot use whilst maintaining reasonable individual privacy within a ‘Green Sustainability’ architecture.
Auxiliary features include
-ability to easily convert the upper floor into a 1 bedroomed unit for rental income
-paved walkways
-20 car parking
-extra rain-water storage[roto tanks]
-landscaped 24 hr. irrigated gardens
-Solar water heating
-Solar power wiring
-extra third bedroom
-spacious master bedroom ensuite
-spacious front lawn with landscaped 24 hr irrigated garden
-kitchen backyard garden
The country ambience is enhanced by having strategically planted palm trees which serve the added role of acting as wind and dust breaks.
LOCATION
Syokimau Estate is situated 10 minutes drive[15 km] from Nairobi’s Central Business District along Mombassa Road. The estate is served by an all weather road with the site of the proposed construction being found 0.7 kilometers off the recently upgraded Mombassa Road.
The estate is connected to the mains water supply from the Mavoko Municipal Council and also has easily connected electricity supply from KPLC.
The immediate locality consists of subdivisions each measuring an eighth an acre. Developments in this area are predominantly single family residences. The occupancy is predominantly homeowners. The majority of the buildings here are of high-quality, well constructed and maintained.
MARKET DESCRIPTION
Given the proximity of the site to Nairobi’s CBD , Jomo Kenyatta International Airport as well as the good communication available along Mombasa road, the site would realize good returns on a multi family residential development.
The planned development intends to maximize this potential by creating accommodation that is spacious whilst at the same time making optimum use of the space available.
At the moment, there are similar developments in this area, notably the Tamarind Estate and the Great Wall apartments[KES 3.5m per unit].
Further, there is a shift in the trend of housing purchases with potential buyers preferring to purchase housing in smaller courts or estates that offer privacy and direct access to the ground floor lawn rather than housing in large high-rise flats . This is partly fuelled by the need to form smaller more closely integrated neighborhood communities. The planned development would thus meet an existing need.
COMPETITION
In the locality of the planned development, there exist several properties which are either owned by the residents or are rental properties.
The closest competition is the Great Wall apartments at Mlolongo selling at KES 3.5m which fortunately is 100% sold out.
SALE PRICE
The sale price for each unit has been set at KES 3,950,000.00. This is slightly higher than the KES 3,500,000.00 asking price for the Great Wall Apartments which has 2 bed roomed units[already sold-out]. The price is however justified by the upgraded quality of the planned development in terms of design flexibility-ability to create a third bedroom, privacy and prime location.
Since these are Maisonettes with each unit having own access to the ground floor, they offer a higher quality of living than high-rise flats.
The sale price is KES 3,500,000 Lower than other maisonettes around .
Other maisonettes in this area are the Tamarind Estate and Greenspan estate.
Francis Gichuhi Kamau B.Arch. U.o.N M.A.A.K[A] Registered Architect
www.a4architect.com
+254 721 410684
A4architect.
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