Sweet Waters Affordable Housing Services LTD. Sweet Waters Leisure Park and Resort. The Project:
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- Rafe Moris Richards
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1 Sweet Waters Affordable Housing Services LTD. Sweet Waters Leisure Park and Resort The Project: Sweet Waters Leisure Park Resort is located at the Sweet Waters Area near the Olpejeta Conservancy Nanyuki. It is Fifteen (15) minutes drive from Nanyuki town. The Resort sits on a Five (5) Acre land and the Property for shareholding will comprise of Fifty Four (54) Furnished Studio Units each on a Plinth Area of 36 Metres Square with individual or Fractional Share Ownership. The Studio Units will also have High-end premium finishes. They are fully furnished and set perfectly to strategically access the splendid view of the majestic Aberdare ranges, Mt Kenya and the Oldaiga Hills. This unique property scheme captures the very essence of Kenya s natural beauty. There is a sitting area at the balcony which provides the perfect place to relax. It s suitable for people who want to relax from their busy schedules, honeymooners, team building, family retreats. Besides offering the perfect ambience for relaxation, the Studios are spacious and ample enough to accommodate energetic group of young ones as they unwind. The rooms are interconnecting thus can easily be transformed into a family unit. The residents can enjoy the Resort facilities which include: The Themed Aqua Park for both adults and children Spa which comprises of Relaxation massages, Steam and Sauna. Gym State of the art Luxury Restaurant and Bar Horse Carriages around the Resort Strategically placed swimming pools Sinbad Club for Kids aged between 6 months to 3 years Children and Teens Recreation Area which consists of indoor and outdoor games. Events Garden Trampoline for adult teambuilding Conferences Halls
2 Sweet Waters Leisure Park and Resort features: A spectacular view in Nanyuki facing the Mount Kenya, Aberdare Ranges and the Oldaiga Hills. The entire development will comprise of Fifty Four (54) Studio units which are on Shareholding category and Sixteen (16) Cottages. The Resort will have a Perimeter wall with a Front secured gate and an exit gate. Property Amenities: Plot Size: 5 Acres Plot Unit Type: Acres Property Type: Resort / Hotel High-end Finish: Yes Borehole: Yes Perimeter fence: Yes Swimming Pool: Yes Garden: Yes Neighborhood Amenities Shopping: Yes Highway Access: Yes Medical Facilities: Yes Public Transportation: Yes Public School: Yes Bike Path: Yes Conservation Area: Yes Private School: Yes
3 Sweet Waters Leisure Park and Resort Nanyuki House Plans: Studio Units for Shareholding 3 D Images:
4 Economic Overview of The Project: Sweet Waters Leisure Park and Resort is an excellent investment opportunity within a Premier Residential Area and is a pioneer project of this nature within the area. The accommodation is spacious, the Resort features are tastefully designed and the proposed finishes are of very high quality. Kenya is also marketing itself as a tourist destination. Currently, the industry faces a shortage of an estimated 10,000 beds, a situation that is not tapping into the growing demand from the rising local tourism. The need for an innovative concept is also rife in the real estate industry where many investors are incurring losses from the oversupply of urban housing. According to the market, a dead stock is expanding from a supply of conventional units that fail to attract investors. Its features comprises of: Living Area with Spacious Bed. Bathroom with modern facilities. Fitted Wardrobes Kitchenette Balcony overseeing the Famous Mt. Kenya Hot Water for Showering Large Windows Ample Parking Space
5 Market Assessment: The company is targeting the middle earners who can easily afford Ksh 3 Million. This was due to a study done which showed that a middle waged earner can get a mortgage loan of up to Ksh 4 Million. If they invest this into rental houses, they can build one Three bedroom house and get a tenant with a rent of approximately Ksh 25,000/= per month. This is not a guaranteed sale as the tenant may sometime fail to pay or the house may at times not be having a tenant. The company came up with the strategy of selling the Studio Units then letting the buyers lease the property back to the company thus the buyer will always have a continuous income flow. To ensure fair business and income for all investors, all Studio Units will enter into a rental pool to ensure that income from one unit spreads to all other rooms, thus no room is ever more occupied than others. The Property for shareholding comprises of Fifty Four (54) Furnished Studio Units each on a Plinth Area of 36 Metres Square, with two plunge pools for individual or Fractional Share Ownership. Each Fractional share is Ksh 600,000/= or Ksh 3,000,000/= for individual Share. One Individual share makes 5 Fractional Shares. This sits on a 1.5 Acres of the land. Total Shares = 270. Illustrated Return on Investment o Invest Kshs 600,000/= per Fractional Share o Rate per night = Kshs 8, per unit o No. of Beds - 2 o Occupancy per month - 70 %( 21 days) o Service Charge & Other Expenses - 30% o Taxes (VAT & Catering Levy) - 16% + 2% = 18% o Total Revenue Per month per unit - Kshs 168, o Less Outgoings per unit - Kshs 80, o Net Balance per unit - Kshs 87, Net Projected revenue per month per fractional share - Kshs 17,472/= Each fractional owner is entitled to Two (2) free nights every year per fractional share (the free nights will be spread over 12 months).
6 Mode of payment 50% deposit upon signing of the offer letter Balance to be paid within 6 months. 5% discount on full payment made. For more information and details, you can reach us on: Website: sweetwatershousing@gmail.com Contact us on or Facebook pages: Kenya Interlocking Block & Digital Affordable Kenyan Homes. Listen Better. Plan Better. Invest Better.
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