Property For SALE

HAMZA APARTMENTS FOR SALE

OWN A FLAT IN NAIROBI FOR JUST KSHS.2.5 MILLION

The owner of a newly completed block of 24 flats is selling off a few them to finance a new project.

You can now therefore be the owner of one of these flats located in a prime area near Nairobi’s Central Business Disctrict. They are priced for sale at Kshs.2.5 million per flat.

A Good Investment

It is a well known fact that lower income housing gives the best return on investment in rental property ownership in Nairobi. Most savvy investors quickly snap up opportunities to own such low cost housing.

For the amount of money to buy a Hamza Apartment (2.5m) there is probably no better investment. You get the security of property ownership plus a good return -  The direct income from rent payments … plus … The appreciation of your assets capital value over time.

The flats are currently renting at Kshs.12,000 per month (144,000/= per year) and are in high demand (no possibility of remaining unoccupied). This will give you an immediate annual cash return of around 6% on your money, comparable with what you can get on a fixed deposit in a bank. But you also get the additional benefit of asset appreciation, which you don’t get from a fixed deposit.

In a few years, if you wish, you’ll be able to sell your asset at a much higher price as property prices continue to escalate in Nairobi.

Managed For You

There will be a management company managing the collection of rent, tenant issues and maintenance of the block of flats.

On buying a flat, you’ll get a proportionate ownership in the management company enabling you to have a say in how the block is managed.

Being an owner of one or more of these flats will therefore not come with the typical headaches of rental property ownership.

Property Description

Here is a description of the flat, and on the pages of this website you can see pictures of the actual flat.

One Bedroom Apartment/Flat:

• One bedroom
• Separate Lounge/Sitting Room
• Separate Kitchen
• Separate Toilet/Shower (with insta-shower hot water)
• Private balcony
• Separate Electricity and Water meters
• Central DSTV/Aerial cable point
• Underground and rooftop water tanks

Location:

• Prime location – Near City Centre, before Buru Buru Estate
• Hamza Estate, 200 metres from Jogoo Road
• Next to Proposed Makadara Railway Station
• Abundant and cheap public transport into the City Centre

Additional Information:

• Individual Lease Title
• Excellent rental demand

Deal Directly With The Owner

If you are interested in buying one of these flats you will be dealing directly with the owner (not a broker) if you contact us through this website. This will mean your purchase transaction will be completely transparent and quick to complete. You will have your title in hand as quickly as is possible. 

call owner at 0713777151 or email hamzaapartments@hotmail.com