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Sell

265 Elmer One

Nairobi

Elmer is located in Kasarani 1 km from Thika Super Highway

sqf 215
1 Bed Rooms
2 Baths
2 Parking
215 Sqft

Looking to invest in affordable housing in a high demand location, 265 Elmer One is the right real estate investment for you. 265 Elmer One is located in Kasarani area - Thika Road, a highly populated area with high rental demand and in close proximity to all key services ensuring sustained tenancy. Not only this, but Elmer is a differentiated high quality product compared to the stock in the wider Kasarani area, making it highly competitive in the rental market hence guarantees sustainable occupancy.

Elmer One, sitting on 1.8 acres, comprises of 265 studio, 1 bedroom, 1 bedroom loft and 2 bedroom unit apartments.

Expected rental yield for Elmer One is 7.5% per annum with an expected competitive annualized return of more than 21%. Price and size is as follows:

Studio measuring 20 SQM selling at 2.1 million. 42 units in total.
1 bedroom measuring 40 SQM selling at 4 million. 40 units in total.
1 bedroom loft measuring 40 SQM selling at 4.2 million. Master bedroom en-suite. 24 units in total.
2 bedroom measuring 60 SQM selling at 5.2 million. 118 units in total.

Elmer is 1 km from Thika Super Highway, 20 minutes’ to CBD, 10 minutes’ to TRM, 20 minutes’ to Garden city mall, 10 minutes’ to Moi International Sports Center and 40 minutes’ to Thika Town. Hospitals within reach include, St.Johns Hospital, St.Francis Hospital and Kenyatta University Hospital. Mountain View School, Braeburn Garden Estate, USIU, Kenyatta University and, JKUAT are some of the schools within close proximity.

Amenities include:

  • Courtyard garden
  • Ample parking
  • Rooftop garden
  • Juliet balcony
  • Bay window
  • Calm outdoor living space
  • Rooftop lounges
  • Rooftop mini tennis court
  • Rooftop mini soccer pitch
  • Open-plan kitchen
  • Wheelchair access
  • Lift and staircase
  • Back-up generator for common areas
  • Reliable water supply-Borehole
  • Internet provision
  • CCTV

Construction Timescale   

  • Construction commenced in March 2021 for a 2-year period till August 2023.

Payment Plan

10% on signing the offer letter

10% on signing the agreement for lease

70% staggered monthly, quarterly, or semi-annually during the construction period

10% on completion

 Centum RE has partnered with Absa, Co-operative, and Stanbic bank to provide financing at a negotiated rate

 

 

Why is 265 Elmer One a “Tenants Preference” Estate?

  • Kasarani constituency is the most preferred region for affordable rentals in Nairobi county. It has an estimated population of 780,000 residents (KNBS, 2019) hence the very high demand for rental units.
  • 265 Elmer One will be a differentiated high-quality product compared to the existing stock in the area, making it highly competitive in the rental market; resulting in high and sustainable occupancy in the development.
  • This product is ideal for investors looking for high yield returns in a well-coordinated and affordable built environment.

 

Below is a summary of return-on-investment projections based on the standard unit prices

      Unit  

    Price

     Expected Rent (Q1 2023)                     

    Rental yield               

      Value at completion               

      Capital gains (2021/22)               

  Studio

    2,200,000     

 14,000

           8%

          2,800,000

        27%

1 bedroom

    4,000,000

                             23,000

            7%

           4,700,000

        18%

1 bedroom loft           

    4,200,000

  24,500

            7%

           5,000,000

        19%

2 bedroom

    5,200,000

  32,500

            8%

            6,400,000

         23%

 

Project Location

 265 Elmer One is located 20 minutes to CBD, 10 minutes to Thika Road Mall, 20 Minutes to Garden City Mall, 10 minutes to Moi International sports center.

Amenities

  • Yard
  • Parking
  • Common Laundry Areas
  • Rooftop
  • Wifi Zone
  • Borehole Water
  • Lifts
  • Backup Generator

Map

Elmer is located in Kasarani 1 km from Thika Super Highway

Image

6th Floor, Valley View Office Park,
City Park Drive, Off Limuru Road
+254 792 001 360
+254 718 506 413
info@symonnsrealty.com

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