A selection of studios, 1 bedroom apartments, 1 bedroom lofts and 2 bedroom apartments.

Prices and Estimated Returns:

Studio apartments from only £13,244 GBP.

Estimated value at completion £18,718 GBP

Expected rental yield 8%.


1 bedroom apartments from only £24,097 GBP.

Estimated value at completion £31,425 GBP.

Expected rental yield 7%.



1 bedroom loft apartments from only £28,115 GBP.

Estimated value at completion £33,435 GBP.

Expected rental yield 7%.



2 bedroom apartments from only £34,809 GBP.

Estimated value at completion £42,795 GBP.

Expected rental yield 8%.



100 year lease.



Sizes:

Studios 215 sq ft.

1 bedroom apartments 431 sq ft.

1 bedroom loft apartments 431 sq ft.

2 bedroom apartments 646 sq ft.



Payment Terms:

10% on signing the offer letter.

10% on signing the agreement for lease.

70% staggered monthly, quarterly, or semi-annually during the construction period.

10% on completion.



Construction Timescale:

Construction commenced on March 25th 2021 for a 2-year period till February 2023.



Why is 265 Elmer One a “Tenants Preference” Estate?

Kasarani constituency is the most preferred region for affordable rentals in Nairobi county. It has an estimated population of 780,000 residents (KNBS, 2019) hence the very high demand for rental units.

265 Elmer One will be a differentiated high-quality product compared to the existing stock in the area, making it highly competitive in the rental market; resulting in high and sustainable occupancy in the development.

This product is ideal for investors looking for high yield returns in a well-coordinated and affordable built environment.



What Do You Get at 265 Elmer One Estate?

A gated community with perimeter fencing, internet provision, CCTV surveillance and manned security.

Upgraded internal drainage system, coordinated landscaping for greenery, 24/7 clean water supply, and backup power for all common areas in the development.

Mobility-friendly development with wheelchair access and a combination of lifts and staircases.

Ample parking spaces for residents and visitors.

Rooftop lounge/garden for entertainment, mini soccer pitch and tennis court, plenty of green breakout spaces within the estate courtyard.

Harmonized interior design for easy living and maximum indoor comfort.

Unique premium house typologies unparalleled in the affordable market segment e.g. 1-bedroom loft duplex.



Project Location:

265 Elmer One is located 20 minutes to CBD, 10 minutes to Thika Road Mall, 20 Minutes to Garden City Mall, 10 minutes to Moi International sports center.



Why Invest in Kenya?:
Kenya has a housing deficit of over 2 million homes which is expected to grow by 200,000 units per year and over 90% of Kenya's urban households are rental properties. There is demand for properties from both purchasers and tenants.



Why Invest in 256 Elmer One?:

Excellent location - 265 Elmer One is located in Kasarani, a highly populated area with high rental demand and in close proximity to all key services ensuring sustained tenancy.

Excellent quality - Elmer is a differentiated high quality product compared to the stock in the wider Kasarani area making it highly competitive in the rental market hence guarantees sustainable occupancy.

Attractive returns - Elmer is an investment product that offers a competitive annualised blended return of more than 21%.

Flexible payment plans - convenient payment terms of up to 24 months.



Elmer : the tenant’s preference:
Elmer is a destination that is affordable and incorporates high quality materials and the best use of the location.
Its a product that provides value for the residents by offering distinct recreational facilities and amenities that are uniquely designed to provide comfort and a serene ambience. Elmer will be professionally managed post-construction to ensure the tenant’s comfort, health and safety.