ASPIRE HEIGHTS- MODERN 3 AND 2 BEDROOM APARTMENTS FOR SALE IN RIRUTA; NAIROBI

KSH6,500,000
For Sale
2185 Property ID

Description

Aspire Heights is your beautiful new modern home awaiting for you. The development is located in Riruta, a fast-growing neighborhood with easy access to the whole of Nairobi either via Waiyaki Way, Ngong’ Road or Gitanga Road. The development is now fully completed and occupied with only 13 units remaining.

Project Summary
 65 apartments in Riruta. (44 x2 bed and 21 3 bed)
 Affordable pricing but high-quality living
 Amenities include a rooftop gym, swimming pool, kids’ playground and function hall
 Targeting the growing urban middle class of Nairobi
 Total land size is half acre

Competitive Analysis
Compared to the apartments in the area our comparative strengths are in:
 Price
 Location
 Size of apartments
 Amenities
 Unobstructed views of the valley
 Proof of concept- We are next to buildings that have been sold and rented

Sale Price and Rental Returns
2 Bedroom
 Starting market price will be KES 6.5M for limited apartments on installment plans
 Expected Rental Yields of KES 45,000
 Predicted value of apartment on completion KES7.5M
 ROI of 8.3%
3 Bedroom
 Go to market price will be KES 8.5M for limited apartments on installment plans
 Expected Rental Yields of KES 55,000
 Predicted value of apartment on completion KES9.5M
 ROI of 7.7%

Location
 5km to Waiyaki Way
 3km to Junction Mall
 7km to Yaya Center
 10km to Nairobi Hospital
 12km to the Hub Karen

Bedrooms
 44 2 Bedrooms 1,089 sq feet
 21 3 Bedrooms 1,278 sq feet
 Master ensuite
 Balcony
 Yard
 Vitrified tiles, aluminum windows and granite kitchen

Amenities
 Swimming Pool
 Roof top gym
 Function hall
 Children’s playground

None of our existing competitors offer these amenities, giving Aspire Heights a unique advantage in the area.

Project & Projections Milestones
 Feb 2020 – Joint Venture Agreement Signed with Landowner
 July 2020 – Ellipsis Appointed Main Contractor
 November 2020 – City Council Approvals received
 December 2020 – Ground Breaking
 January 2020 – Excavation
 April 2024 – Completed

Address

  • Address Riruta- Nairobi
  • Country Kenya
  • City/Town
Open on Google Maps
  • Size 1089
  • Bedrooms 2
  • Bathrooms 2
  • Price KSH6,500,000
  • Size 1278
  • Bedrooms 3
  • Bathrooms 4
  • Price KSH8,500,000