Mombasa Road – JKIA : Studio & 1 Bedroom Hotel Branded Apartments For Sale

OFF PLAN.

Selling Hotel branded apartments similar to what Four points Sheraton at JKIA or Park Inn by Radison Blu Westlands have.

Located just 5 minutes from the JKIA, sitting literally opposite  the Hilton Garden Inn across the Nairobi Express Way.

NET RETURN on investor’s hotel branded apartment will range between $1,100 to $4,000 monthly depending on unit purchased.

Key landmarks on a 5-minute radius from the hotel branded apartments project;

• The JKIA itself.
• SGR Syokimau Railway Station.
• Syokimau City Commuter Railway Station.

On a 10-to-15-minute radius via the expressway are:

• The Nairobi National Park.
• The Nairobi CBD.
• Wilson Airport.
• Westlands Business District.
• Upperhill Business District.
• Kilimani Suburb.

JKIA, Mombasa Road, Industrial area and South C locations have very many occupants who are multinationals, international NGOs, venture capital and private equity firms that are all  foreign, with regular staff from the west on short stays (1 week to 3 months) and long stays (6 months to 2 years)

The apartments will be fully-fitted, fully-furnished, fully-serviced and fully managed. Investor to expect at least 23% Return On Investment.

Built by a seasoned developer from UAE, hence the project will have Dubai style and quality of building. Very clean and chic world class building.

European standard of build and quality finishing to offer the most pristine accommodation while immersed in a luxury hotel ambiance.

Grounds filled with amenities for the residents’ business needs,  guest needs, personal care,  children amenities and pet care.

Some of these amenities shall include;

• 24hr reception complete with concierge service.
• Fully fledged business center / co – working spaces.
• Multicuisine Restaurants.
• Coffee lounge.
• Luggage holding room.
• 24hr Mini mart.
• Prayer room.
• Round the clock security + cctv surveillance.
• Video intercom.
• Full back power back up Generator.
• Fresh water supply + underground water storage tanks.
• Borehole water supply.
• Solar heated water system.
• Unisex Salon & barber.
• Child Daycare center.
• Pet Day care center.
• Sky pool + kids pool + jacuzzi.
• Sky bar & cigar Lounge.
• Fully equipped Gym.
• Massage Spa & Sauna.
• Zumba & Aerobics studio.
• Yoga Pavillion.

You may ask, Where will the demand for these hotel branded apartments come from?

Here it is;

• Over 10 international Banks have regional HQ in Kenya
• Americas Largest Bank just opened offices in Kenya.
• Four of the Big five global accounting firms have Africa & East Africa Headquarters in Kenya.
• The 1st ,2nd and 3rd largest law firms in Africa do business from Nairobi.
• Healthy crowd of Multinationals’ Africa & regional headquarters operate from Nairobi.
• Nairobi hosts a strong presence of International NGO’s and foreign missions.
• The new kids on the block i.e. Venture Capital firms, Private Equity firms, Technology Start Ups, Decentralised Finance firms(block chain technology firms) & Forex firms are consolidated in Nairobi.
• The staff of all the above, travel in for short & long assignments and Meetings, Incentives, Conferences & Exhibitions. These are the primary demand for these hotel branded apartments.
• In addition, the location around has over many major supermarket brands, shopping malls, several churches, temples, Mosques, Schools, hospitals, drive through restaurants, several 3 & 5-star restaurants and hotels, myriad of hangout spots, vibrant and diverse retail presence, staggering amount mobility options and yet is also a safe neighborhood to access from and to JKIA.

Who is the Developer?

• The developer is one of the largest private builders in the UAE with the following attributes:
• Headquarters in Abu Dhabi.
• Debt free Organization with $7Billion market cap.
• Global property sales of $1Billion in 2024.
• Projects in 12 countries spanning Middle East, Africa and Russia.
• Over 22 large projects complete and handed over.
• 11 massive projects under construction concurrently.
• Voted Most trusted real estate developer by International Business magazine.

Financial Summary:

Standard Studio:

Size: 355 sq. ft.

Price : $60,720

• 15% Deposit: $9,108
• 15% on Sale agreement: $9,108
• 50% Spread over 18 months : $1,687
• 20% on Handover: $12,144

Upon Completion:

• Estimated Daily Rate Charge: $100
• Monthly Collection at 50% Occupancy: $1,500   (30% Return on Investment)
• Monthly Collection at 70% Occupancy: $2,100 (83% Return on Investment)

King Studio:

Size: 474 sq.ft.

• Price : $80,960
• 15% Deposit: $12,144
• 15% on Sale agreement: $12,144
• 50% Spread over 18 months : $2,249 Per month
• 20% on Handover: $16,192

Upon Completion:

• Estimated Daily Rate Charge: $135
• Monthly Collection at 50% Occupancy: $2,025 (51% Return on Investment)
• Monthly Collection at 70% Occupancy: $2,835 (11% Return on Investment)

Standard 1 Bedroom apartment  :

Size: 484 sq.ft.,    527 sq.ft.,     538 sq.ft.

• Price : $90,160
• 15% Deposit: $13,524
• 15% on Sale agreement: $13,524
• 50% Spread over 18 months : $2,504 per month
• 20% on Handover: $18,032

Upon Completion:

• Estimated Daily Rate Charge: $150
• Monthly Collection at 50% Occupancy: $2,250 (47% Return on Investment)
• Monthly Collection at 70% Occupancy: $3,150 (06% Return on Investment)

King 1 Bedroom Apartment:

Size: 570 sq.ft.

• Price : $97,520
• 15% Deposit: $14,628
• 15% on Sale agreement: $14,628
• 50% Spread over 18 months : $2,709 per month
• 20% on Handover: $19,504

Upon Completion:

• Estimated Daily Rate Charge: $175
• Monthly Collection at 50% Occupancy: $2,625 (77% Return on Investment)
• Monthly Collection at 70% Occupancy: $3,675 (87% Return on Investment)

Notes:

Revenue is shared 55:45

• Investor gets 55% of collections with no further deductions.
• Hotel brand gets 45% of collections and pays all expenses.

The Hotel brand will operate as a single entity revenue wise so that all income is collected in a pool and distributed to every unit by square meter on pro rata basis. Meaning each unit will always get revenue though larger units will experience slightly higher returns than the smaller ones as illustrated above.

 Expenses:

All expenses will be paid from the 45% share of the hotelier. Including :

• Taxes , assessments, permits, inspection fees etc.
• Monthly service charges, staff salaries.
• Advertising & Marketing costs.
• Cable Tv, DsTv, WiFi.
• Laundry & Dry cleaning.
• Food catering on half & full board.
• Utility charges | water & electricity.
• Security & insurance.

Reach us Zyve Africa Realty to book your EXCLUSIVE FREE viewing of the project progress as we take you through what this special project has for your future GUARANTEED income streams.