The project is located in Utawala, near Southern Bypass.
The plot measures 50m by 25m, approximately 1/4 acre in size.
Sectional Properties.
The 1/4 acre plot is further subdivided into 24 sectional properties.
The 24 Sectional properties can be developed into 4 bedroomed maisonettes or 4 bedsitter units per floor.
Land Value.
The 1/4 acre plot is valued at kes 15m.
If owner was to dispose it to the market at market rate, it would raise kes 15m.
Sectional Title value addition.
Each sectional title is worth kes 850,000. 24 sectional plots will bring in kes 20m.
This is a value addition of approximately kes 5 million.
Rental units for land owner.
For land owner to construct 7 units of 2 bedroomed typology for rent, he will require kes 15m. To achieve 15m, owner has 2 options, to sell off the 1/4 acre plot valued at kes 15 m and remain with no land to build or sell off 17 portions of the sectional property and remain with 7 portions on where he can construct his 2 bedroomed units for rent at zero debt.
Rental Income.
Utawala area, 2 bedroomed units rent for kes 25,000 per month. Land owner can now earn kes 175,000 per month from rental income without borrowing from the bank, all 100% self financed through the a4architect.com Joint venture sectional property method.
Contacts.
Land owners with prime land , willing to check out the possibility of 100% self financing through the a4architect.com method can contact a4architect.com below.
Architect Francis Gichuhi Kamau.
gichuhi@a4architect.com
0721410684
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