59 Apartments, 16 Floors
It may now be rented/sold, under offer or temporarily withdrawn from the market.
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Property Description
We offer you this development on 6th Parklands Avenue. It consists of 3 bedroom, 5 bedroom simplex and 5 bedroom duplex apartments set to match international market standards with beautiful views.
Amenities include:
On site borehole
Backup generator
4 high speed elevators
Double exit and entry points
Internet and TV cable connectivity
Security intercom and CCTV cameras
Lighting control system
Complete fire fighting and alarm system in the basement
Booster pump for pressurized water for all bathrooms
Free Belva valet trash
The project broke ground in Sep 2020 and set to complete in Dec 2022.
Total Built: 59 apartments, 16 floors
Per floor:
Block A (2 units on each floor)
Block B (3 units on each floor)
Parking: 2 parking bays per apartment
Payment Structure:
10% commitment fee upon signing a letter of offer
20% payable upon signing agreement for sale
20% in the first quarter
20% in the second quarter
20% after one year into the project
10% after 18 months to the project completion
SERVICE CHARGE: KES 15,000
Title is valid until 2076
Purchasers will get a sub-lease for their apartment for the remainder of the lease.
Projected Three bed rental yield: KES 140,000
Projected Five bed rental yield: KES 200,000
Projected Five duplex Bed rental Yield: KES 220,000
Stamp Duties: 4% of Purchase Price
Legal Fees: 1% + VAT
Management Company Share Capital KES 20,000.00
Electricity and Water services Installation and Deposits KES 20,000.00
Cost of formation of Management Company KES 5,000.00
Service Charge 3 Months Deposit KES 36,000.00
Service Charge 3 Months Advance Payment KES 36,000.00
For more information and a viewing please contact:
Joan Baru
0712866264 [email protected]
or
Martin Dias Group Chief Executive Officer
FAPCL Group
ABC Place First Floor Block D Waiyaki Way
P.O. Box 14459-00800 Nairobi, Kenya
Tel: 0722 524383
[email protected] www.fapcl.com
Property Details
| Property Ref: 14859 | Added On: 31 Mar 2022 | Last Updated: 04 Jul 2022 |
| Market Status: Not Available | Type: House | Bedrooms: 3 |
| Bathrooms: 3 | Toilets: 3 | Parking Spaces: 2 |
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Disclaimer
The information displayed about this property comprises a property advertisement. Kenya Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Kenya Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Fapcl Group. Kenya Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.