Hotel Villas
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Property Description
This is a 5-star luxury hotel coming up at the heart of the beautiful and pristine AberdareRanges.
On offer are;-
2-bedroom all en-suite furnished units, whichwill provide residence to the hotel visitors.
These units are for sale to investors looking for high yield rental returns above the conventional rental apartments and a place to retreat for holiday.
They can be purchased either under full ownership or fractional ownership.
Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of ownership of a high-value tangible asset, they share on the proceeds or returns on investments.
Conference and business centre.
Spa centre (with spa pools).
Outdoor heated swimming Pools.
A man made lake (connecting the 2nd phase villas to the clubhouse by speed boat).
Skating rink.
An 18 hole Mini golf course.
Investment Features -- Phase One Villas
Each 4 bedroom villa is split into 20 fractional shares
3 Key Benefits
High rental yield. We project to give you a return of Kshs 41,000.00 (net)/Usd 410 per month/ GBP 318 per month per share (to earn a similar rental income in conventional rental assets, you need to invest over Kshs.10M).
10 free days of accommodation annually for your holiday.
Attractive capital gain overtime -- The value of a share is expected to rise to Kshs. 10M after 2 years of operation.
Illustrated Return on Investment (Phase One Villas)
Off peak rate per night -- Kshs 19,000.00
No. of Beds -- 2
Occupancy per month -- 70 %( 21 days)
Service Charge & Other Expenses -- 30%
Taxes (VAT & Catering Levy) -- 16% + 2% = 18%
Total Revenue Per month -- Kshs 798,000.00
Less Outgoings -- Kshs 383,000.00
Net Balance -- Kshs 414,960.00
Net revenue per month per as full 2-bedroom unit (i.e. 10 fractional shares) -- Kshs 414,960.00.
Net Projected revenue per month per fractional share -- Kshs 41,496.00.
Each fractional owner is entitled to ten (10) free nights every year per fractional share( the free nights will be spread over 12 months).
To ensure fair business and income for all investors, all hotel rooms will enter into a rental pool so that income from one room spreads to all other rooms thus no room is ever more occupied than others.
Expected launch for phase 1 is November 2018
Payment Options
One Share: Kshs 3,200,000
Deposit: Kshs 1,600,000
Balance: Within 90 days.
Kshs 3,200,000 (One off payment)
2 Bedroom Suite (10 SHARES)
Kshs 32,000,000.00 payable within 90 days.
Property Details
| Property Ref: 4968 | Added On: 10 Aug 2020 | Last Updated: 23 Apr 2022 |
| Market Status: Not Available | Type: House | Bedrooms: 2 |
| Bathrooms: 2 | Parking Spaces: 2 |
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