How to invest in Affordable Prime Rental and Residential Real Estate in Kenya .
Land Price.
Prime commercial land in Kenya is averagely prices from kes 4m per 1/8th acre. This is land that is situated close to a main road, with all services, water, electricity, security in place, hence very suitable for apartment construction . Such a location will guarantee 100% tenancy throughout the year.
Such locations are Ngong, Rongai, Ruiru, Kikuyu, Athi River, Ruai and Kitengela.
Sub lease title.
To most investors, the kes 4 million minimum investment in land might be hard to come by.
a4architect.com makes it possible for investors to tap into owning land in such prime locations by joining and grouping 4 investors to co own one plot . Each co investor is then issued with a sectional title or sub lease for the land which they can use as ownership document to get bank loans, bequeath etc just like a normal title. For the prime kes 4 million minimum per 1/8th plot, each of the 4 investors will each part with kes 1 million to own part of the land.
Apartment block.
Each portion comes with an architectural drawing that guides the buyer on how to construct the apartment block on their portion. The ground floor is reserved for 4 car parkings. The 1st, 2nd,3rd and 4th floors each have 1 unit of 2 bedroomed type. The 5 th floor is a flat roof for drying clothes and basking.
4 Blocks, 4 owners.
In the 1/8th prime portion of land, there will be 4 blocks of apartments as above described, with 4 different owners . Each owner will hold a sub lease title or sectional property title for their portion of land.
Investment rental income.
Assuming a zone where a 2 bedroomed unit fetches kes 20,000 to kes 30,000 per month as rent, eg Ruiru,Syokimau, Ruai, Waithaka etc, the monthly income will be kes 80,000 to kes 120,000 per month. This is quite an impressive return considering initial investment for land started at kes 1 million. Ordinarily, a kes 1 million portion of land is located in far off areas of Nairobi where rental income can not be possible such as Maai Mahiu, Kajiado interior, Kangundo interior, Juja farm interior etc.
How to begin.
To begin with this type of investment, email info@a4architect.com with your preffered location , anywhere in Keya, Mombasa, Malindi, Kilifi,Nyeri, Meru, Nakuru, Nairobi, Eldroret, Kisumu, Kakamega etc. a4architect.com will then find 3 other members to join in and share the land purchase cost. a4architect.com will then prepare sub lease ownership documentation and architectural plans. Owner can then build at their own pace depending on plans and budget.
Architect Francis Gichuhi Kamau.
info@a4architect.com
0721410684
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