Residential land joint venture
5.025-Acre Joint Venture Residential Development Land
An exclusive investment-grade 5.025-acre parcel of land is now available for a joint venture partnership in the high-growth area of Syokimau, specifically within the Syokimau/Mlolongo Ward, Athi River Sub-County, Machakos County. This strategic project, officially named Elan Park, is a meticulously planned high-rise residential development perfectly situated just 400 meters off the major Mombasa Road arterial, offering superior access to Jomo Kenyatta International Airport (JKIA) and Nairobi's bustling Central Business District (CBD). The comprehensive master plan outlines the ambitious construction of 440 modern residential apartments, featuring a popular mix of 2-bedroom and 3-bedroom units, thoughtfully housed within seven architecturally distinct 11-story towers. The development is meticulously designed to be a self-contained, integrated community, ensuring a high quality of life for future residents. Planned amenities include a vibrant, dedicated retail centre for daily conveniences, a fully equipped state-of-the-art gymnasium, a versatile multipurpose hall ideal for community gatherings, and secure, engaging children's play areas. Infrastructure planning is robust and forward-thinking, incorporating an efficient on-site sewer treatment plant, advanced waste management systems, and generator backup power specifically for common areas, ensuring uninterrupted services. With a compelling projected Return on Investment (ROI) of 37% and an impressive estimated net profit of kes 1.43 billion, this opportunity is unequivocally backed by a strong, verifiable market analysis of the Syokimau corridor. This area is widely known for its high occupancy rates, consistent capital growth, and a rapidly expanding middle-class demographic. This is a premier, large-scale opportunity for experienced property developers, institutional investors, and real estate funds seeking a highly profitable and impactful venture in one of Kenya's most dynamic residential markets. Key Features: - Total Area: 5.025 Acres, ideal for large-scale residential development. - Location: Syokimau, Athi River Sub-County, Machakos County, 400m from Mombasa Road. - Project Type: Joint Venture for High-Rise Residential Development (Elan Park). - Planned Units: 440 apartments (comprising 2-Bedroom & 3-Bedroom configurations). - Building Structure: Seven 11-floor residential blocks. - Parking: 903 dedicated parking slots (split between basement and surface). - Infrastructure: Includes on-site sewer treatment plant and advanced waste management. - Amenities: Community centre, gym, children's playground, multipurpose hall, and landscaped gardens. Lifestyle & Amenities: - Integrated Living: A master-planned community designed for seamless integration of residential, retail, and recreational facilities. - Security and Peace of Mind: A fully secured, gated compound with comprehensive CCTV surveillance and professional management planned. - Health and Recreation: Access to an on-site fitness centre and dedicated outdoor green spaces for active living. - Family-Friendly: Safe and engaging children's play areas thoughtfully positioned within the compound. - Modern Conveniences: High-speed elevators, reliable utility connections, and ample parking provisions. Ideal For: - Property development companies seeking substantial, pre-approved projects. - Institutional investors (e.g., pension funds, insurance companies) looking for strategic assets. - Private equity and investment groups focused on high-growth real estate sectors. - Large-scale Saccos aiming for significant returns from tangible property investments. Neighbourhood Highlights: - Prime Growth Zone: A prime, high-growth residential zone benefiting from ongoing infrastructure development. - Excellent Connectivity: Unmatched connectivity to major transport arteries including Mombasa Road, Nairobi Expressway, and the SGR. - Proximity to Amenities: Close proximity to top-tier schools, modern hospitals, and major shopping malls like Gateway Mall. - Strong Market: Robust rental and sales market driven by a growing middle class and expatriate community.
