RIRUTA GARDENS INFORMATION PACKET AFFORDABLE HOUSING IN KENYA Changing Lifestyles
Riruta Gardens is a contemporary mixed use residential and commercial project located 3.4 kms from the Junction mall. 1500+ apartments and over 5,000 square meters of amenities Comprised of 8 storey towers and a single 12 storey tower, Riruta Gardens will Tower over her neighbours and will become the milestone for contemporary affordable housing in Nairobi. Modern life styles for today s middle and low income city dwellers Within a 10 km radius of Riruta Gardens are malls, movie theatre s, banks, retail outlets, places of worship, hospitals, schools, and more. Extremely high demand and occupancy rate. Credible Security company for security and training.
STUDIO APARTMENT Area: 205 sq ft Special Features Import quality Kitchen & Wardrobes Fitted Kitchen - Countertop 2-burner, mini fridge, & microwave BUILT-IN! Imported Security Main Door ABS designer internal doors Import quality Sanitary ware Import quality Tiles Import quality Aluminium Windows Parking available for Purchase CASH SPREAD: 1.9M
1 BEDROOM APARTMENT (TYPE A) Area: 227 sq ft Special Features Import quality Kitchen & Wardrobes Fitted Kitchen - Countertop 2-burner, mini fridge, & microwave BUILT-IN! Imported Security Steel Main Doors ABS designer internal doors Import quality Sanitary ware Import quality Tiles Import quality Aluminium Windows Parking available for Purchase CASH SPREAD: 2.25M
1 BEDROOM APARTMENT (TYPE B) Area: 323 sq ft Special Features Import quality Kitchen & Wardrobes Fitted Kitchen - Countertop 2-burner, mini fridge, & microwave BUILT-IN! Imported Security Steel Main Doors ABS designer internal doors Import quality Sanitary ware Import quality Tiles Import quality Aluminium Windows Parking available for Purchase CASH SPREAD: 3M
1.5 BEDROOM APARTMENT Area: 323 sq ft Special Features Import quality Kitchen & Wardrobes Fitted Kitchen - Countertop 2-burner, mini fridge, & microwave BUILT-IN! Imported Security Steel Main Doors ABS designer internal doors Import quality Sanitary ware Import quality Tiles Import quality Aluminium Windows Parking available for Purchase CASH SPREAD: 3M
2 BEDROOM APARTMENT (TYPE A) Area: 410 sq ft Special Features Import quality Kitchen & Wardrobes Fitted Kitchen - Countertop 2-burner Imported Security Steel Main Doors ABS designer internal doors Import quality Sanitary ware Import quality Tiles Import quality Aluminium Windows Parking available for purchase CASH SPREAD: 4.2M
2 BEDROOM APARTMENT (TYPE B) Area: 483 sq ft Special Features Import quality Kitchen & Wardrobes Fitted Kitchen - Countertop 2-burner Imported Security Steel Main Doors ABS designer internal doors Import quality Sanitary ware Import quality Tiles Import quality Aluminium Windows One designated Parking CASH SPREAD: 4.5M
3 BEDROOM APARTMENT Area: 652 sq ft Special Features Import quality Kitchen & Wardrobes Fitted Kitchen - Countertop 2-burner Imported Security Steel Main Doors ABS designer internal doors Import quality Sanitary ware Import quality Tiles Import quality Aluminium Windows One designated Parking CASH SPREAD: 6.2M
SITE PLAN RIRUTA GARDENS Phase 2 Phase 1 Phase 3 Phase 4
SITE PLAN RIRUTA GARDENS Phase 2 Phase 3 Phase 1 Phase 4
FLOORPLAN
AMENITIES OFFERED
Access control entry and main security post 9 ft high stone walls with Electric fencing Landscaped external amenity areas Fitted wardrobes to all bedrooms. Modern stylish bathrooms with wall hung vanity units and ceramic tiling to walls and floors Aluminium windows, steel main doors and ABS interior doors Communal TV satellite system (subject to subscription) Porcelain tiling to living areas except bedrooms which are ceramic tiled High speed lifts (2 passenger & 1 cargo) Refuse chutes per floor for sanitary purposes. Events and Convention Hall (Phase 3) Basketball facility, Gym, Aerobics, Fitness and sauna (Phase 3) Community Recreation Centre with Children s playground (Phase 3) Swimming pool and heated baby pool (Phase 3) Snack bar and a rooftop family buffet restaurant (Phase 3) Fully fitted contemporary kitchens with granite worktops including a stove top, microwave, and fridge. Daycare centre and study hall (Phase 3)
Apartment Types Distribution Types Size sqft Number of Units Type % Distribution STUDIO 205 64 15.38% 1 BED (Type A) 227 32 7.69% 1 BED (Type B) 323 96 23.08% 1.5 BED 323 96 7.69% 2 BED (Type A) 410 32 15.38% 2 BED (Type B) 483 64 7.69% 3 BED 652 32 7.69% TOTAL: 416 84.6% STUDIO 1 BED (Type A) 1 BED (Type B) 1.5 BED 2 BED (Type A) 2 BED (Type B) 3 BED
LOCATION SITUATION ANALYSIS Traffic conditions- Matatu station within 4 minutes walk Convenience- Easy access to Waiyaki Way, Southern Bypass and Ngong Road via Naivasha Road and Kikuyu Road. Adjacent to various government offices Riruta- (4th Phase) shopping mall (mart, cinema, library, hospital) Naivas Supermarket, Junction Shopping Mall, Valley Arcade, Braeburn & Rusinga School within 4 km radius Development- Local road construction and drainage works ongoing Leasing Demand- Population Densities / Approximately 1,000,000 residents
At the junction of Kikuyu and Naivasha road at Equity Bank, around 300m off Kikuyu road, next to Spices Restaurant is the service road, 100m to Riruta Gardens entrance. RIRUTA GARDENS LOCATION
PAYMENT OPTIONS 1. CASH PAYMENT PLAN 2. CASH SPREAD PAYMENT PLAN 3. MORTGAGE PAYMENT PLAN
PAYMENT OPTIONS CASH PLAN Pay 30% deposit, balance in 60 days! Studio (205 sq ft) @ 1.7 million 1 bedroom (227 sq ft) @ KES 2.05 million 1 bedroom (323 sq ft) @ KES 2.8 million 1.5 bedroom (323 sq ft) @ KES 2.8 million 2 bedroom (410 sq ft) @ KES 4.0 million 2 bedroom (483 sq ft) @ KES 4.3 million 3 bedroom (652 sq ft) @ KES 6.0 million CASH SPREAD Pay 20% deposit, balance spread over 20 months! Studio (205 sq ft) @ 1.9 million 1 bedroom (227 sq ft) @ KES 2.25 million 1 bedroom (323 sq ft) @ KES 3 million 1.5 bedroom (323 sq ft) @ KES 3 million 2 bedroom (410 sq ft) @ KES 4.2 million 2 bedroom (483 sq ft) @ KES 4.5 million 3 bedroom (652 sq ft) @ KES 6.2 million MORTGAGE Pay a 10% deposit and own any of the following units for the prices listed below! Studio (205 sq ft) @ 2.1 million 1 bedroom (227 sq ft) @ KES 2.45 million 1 bedroom (323 sq ft) @ KES 3.2 million 1.5 bedroom (323 sq ft) @ KES 3.2 million 2 bedroom (410 sq ft) @ KES 4.4 million 2 bedroom (483 sq ft) @ KES 4.7 million 3 bedroom (652 sq ft) @ KES 6.4 million GROSS RENTAL RETURN CALCULATIONS Post-August 31st, 2019 @ KES 80.00/- per sq ft inclusive of Service Charge Studio (205 sq ft x 80/- per sq ft) = 16,400/- per MONTH (9.37% - 11.58% YIELD RETURN YIELD) 1 bed (227 sq ft x 80/- per sq ft) = 18,160/- per MONTH (8.89% - 10.6% YIELD RETURN YIELD) 1 bed (323 sq ft x 80/- per sq ft) = 25,840/- per MONTH (9.69% - 11.07% YIELD RETURN YIELD) 1.5 bed (323 sq ft x 80/- per sq ft) = 25,840/- per MONTH (9.69% - 11.07% YIELD RETURN YIELD) 2 bed (410 sq ft x 80/- per sq ft) = 32,800/- per MONTH (8.95% - 9.84% YIELD RETURN YIELD) 2 bed (483 sq ft x 80/- per sq ft) = 38,640/- per MONTH (9.87% - 10.78% YIELD RETURN YIELD) 3 bed (652 sq ft x 80/- per sq ft) = 52,160/- per MONTH (9.78% - 10.43% YIELD RETURN YIELD) (Average of)
CONSTRUCTION TEAM Project Manager: Architect: Main Contractor: Str/Civil Engineer: Quantity Surveyor: Span Associates DesignQuest Ltd Stellar Builders Ltd. Berlconsult & Amp Associates E-scan Projects Ltd Electrical/Mechanical Engineer: EMpaq Limited
Construction Team Projects 1 Phenom estate Langata 400 housing units (2.5 billion) 2009-2013 -Stellar Builders/U designarchitects 3 Greenspan estate 700 housing units & mall (4.5 billion) 2009-2016 -Stellar Builders/U design Architects 4 Five Star Meadows Phase 1 Kiambu County -Stellar Builders 6 Kencom housing scheme 113 units (3 billion) 2013-2016 -Stellar Builders/U designarchitects 7 Karizma court 1st parklands 40 units (750 million) 2008-2009 -Span Associates 8 Pritam Apartments 24 units (265 million) 2013-2015 -Span Associates Ltd 9 Leroy apartments Kisumu 80 units (650 million) 2014-2015 -Span Associates
Our offices are at 3 rd floor, Empress Office suites Westlands. We will be happy to answer any queries you may have, kindly reach us on the contacts below CONTACTS: 0796896370/380 or 0791929484 EMAIL: sales@rirutagardens.com sales@mpmkenya.com