KINGSTON RESIDENCE APARTMENTS

Ksh13,950,000
For Rent For Sale

923

Property ID

136 m2

Size

3

Bedrooms

4

Bathrooms

Description

This home brings you the joy of raising a family with its great offering that cuts across the needs of every family member.

Kingston Residence is located along Ngong Road, neighboring the Ngong Hill Hotel,only minutes away from the Yaya Centre ,Prestige Plaza,Adams Arcade and Nairobi hospital.

No more hustles running around the city trying to bit traffic to your destinations as this home sits right in the middle access to any location within the city.

Spacious living, great location with the amenities you require for a home are all within reach under one roof. Keep fit at the fully fitted gym and enjoy a warm swim to either start your day or end it healthy.

 Project Amenities

  1. Rooftop Gym 
  2. Swimming Pool at First Level 
  3. Borehole 
  4. Fully backup generator
  5. 24hr hot water system
  6. Ample Parking 
  7. Solar/Electric High Pressure 
  8. Water Supply System 
  9. Two high speed Elevators 
  10. Internet and Satellite Connectivity 
  11. Electric Fencing 
  12. Intercom Communication 
  13. CCTV Monitoring and Access Control

Project Finish Features

  1. Solid wooden door with safety lock
  2. All Ensuites
  3. Private floors for specific apartments
  4. Superior quality paint
  5. UPVC Windows
  6. Anti Skid flooring tiles in balcony
  7. Provision for Cable TV
  8. Separate access for servant room

Kitchen

  1. Extremely spacious open plan modular kitchen
  2. Granite tiled Kitchen tops
  3. Non Skid Tiled floors
  4. Big and spacious Kitchen Cabinets
  5. Provision for a cylinder gas chamber.
  6. Pantry area

Bathroom

  1. Shower Cubicle with fully fixed showers
  2. Bathroom cabinet
  3. Top quality sanitary ware

Prices

72 Apartments, divided into 2 blocks of 36 units each as follows:

TypeUnit 

 

 

 

Floor

(136Sqm) 

(1,464 sqft) 

3BRENSUITE+SQ

(126Sqm)

(1,356sqft) 

3BR + SQ

(146Sqm) 

(1,572sq ft)

3BRENSUITE+SQ

7th to 12th Floor 

16.45M 

14.45M  16.95M 
1st to 6th Floor  15.95M  13.95M 

16.45M

Payment Terms:

Option 1: 20% on reservation, 80% within one year period.

Option 2: (Mortgage) 30% deposit, 70%by bank finance

Other Costs:

  1. Stamp duty: Approximately 4% of the purchase price or government valuation 
  2. Legal fees & registration cost: Approx. 1% of the purchase price plus V.A.T(this fee is paid to the developer’s lawyers for preparation and registration of the legal documentation for the development,and is separate from any fees payable to a lawyer you may appoint to act on your own behalf) 
  3. Utility deposit: Kshs.10,000/=
  4. Service Charge: Approximately Kshs.8,000/=per month

Investors- Rental Opportunities

For Investors: These type property attract an average of Ksh. 150,000 Rental income per month. With a double income per month if put up as a serviced apartment. You start fully recouping your Return on Investment in exactly 7.75 years!

Construction progress
Construction commenced in March 2017 with an estimated construction period of

22 months. Completed by End of May 2019.

Title 

The main title is freehold.purchasers will get a sub-lease for 99 years from 2016.

Rental Units

3 Bedrooms+ DSQ available at Ksh.95,000/-

 

Address

  • Country: Kenya
  • City / Town: Nairobi
Open on Google Maps
  • Property ID 923
  • Price Ksh13,950,000
  • Property Type Apartment
  • Property status For Rent, For Sale
  • Rooms 7
  • Bedrooms 3
  • Bathrooms 4
  • Year Built 2019
  • Size 136 m2
  • Garages 2

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