Now selling! Townhouse, penthouse, Nairobi Kenya

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3 and 4bedroom town houses with DSQ, 3 bedroom penthouse and 2 bedroom apartments for sale set on a vast of 30acres plot, gated community located in Juja 2kms from Thika Supper Highway Nairobi Kenya. It’s 10minutes from Jomo Kenyatta University flyover, also close to Eastern bypass which connects the estate to JKIA and 30minutes away from CBD. The estate offers a breath of fresh air whilst setting a new standard of living in Juja.

4bedroom town houses are on 1/8th acre, total plinth area 173sqm, entry porch, spacious lounge, dining area, guest bedroom with bath, quality sanitary ware, fitted kitchen, pantry, common cloakroom,DSQ, laundry yard, ample parking for two, private garden all on ground floor, 1st floor there is ensuite master bedroom with inbuilt wardrobes and balcony. 2 bedrooms with inbuilt wardrobes and a common bath. Asking sale price Kshs. 12Million

3 bedroom town houses are on 1/8th acre, total plinth area 169sqm, entry porch, spacious lounge, dining area, guest bedroom with bath, quality sanitary ware, fitted kitchen, pantry, common cloakroom,DSQ, laundry yard, ample parking for two, private garden all on ground floor, 1st floor there is ensuite master bedroom with inbuilt wardrobes and balcony. 2 bedrooms with inbuilt wardrobes and a common bath. Asking sale price Kshs. 11.5Million

3 bedroom penthouse total plinth area 140sqm, balcony, spacious lounge and dining area, quality sanitary ware, fitted kitchen, pantry, common cloakroom, one bedroom with inbuilt wardrobe, ample parking all on level one. Level two ensuite master bedroom with inbuilt wardrobes, one bedroom with inbuilt wardrobe and common bathroom. Asking sale price KShs. 8.9Million

2 bedroom apartments total plinth area 86sqm, spacious lounge and dining area, quality sanitary ware, fitted kitchen, pantry, balcony, master bedroom ensuite with inbuilt wardrobes, one bedroom with inbuilt wardrobe, common bathroom / cloakroom. Asking Sale price Kshs. 6Million

Amenities and development features

Gated community located within proximity to social amenities and learning institutions, swimming pool, club house, landscaped gardens, ample parking, carbro paved driveways, shopping complex, boundary wall, provision of waste management system, children’s play ground, provision for a school, proximity to police station.

Payment mode

10% for mortgage and cash buyers. For cash buyers, payment is spread evenly over a period of 18month

For photos kindly follow the link to our website http://www.feltopproperties.com/property-listing-sale-let/

First time home buyers mortgage tips

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Are you a first time home buyer? Thinking of going the mortgage line?  Find mortgage tips and tricks  to guide you through the process.

1. Skip the honeymoon

Beware of lenders bearing gifts. Introductory or honeymoon rates have long been an important marketing tool for lenders. You are initially offered a cheap rate on your loan to get you in the door but once the honeymoon period is over, the lender will switch you to a higher variable rate of interest.

There are two problems with this scenario. First, the variable rate is often higher than some of the lower basic loans available so you could end up paying more. Second, you need to clearly understand that a honeymoon rate applies only for the first year or two of the loan and is a minor consideration compared to the actual variable rate that will determine your repayments over the next 20 or so years.

You may also be hit with fairly steep exit penalties if you want to refinance in the first two or three years to a cheaper loan. So make sure you fully understand what you are letting yourself in before setting off on a “honeymoon” with your lender.

2. Make repayments at a higher rate

A good way to get ahead of your mortgage commitments is to pay it off as if you have a higher rate of interest. Get a loan at the lowest rate you can and add 2 or 3 points to your repayment amount. So if you have a loan at about 7 percent and pay it off at 10 percent, you won’t even notice if rates go up. Best of all, you’ll be paying off your loan quicker and saving yourself a packet.

3. Pay it off quickly

Time is money. There are all sorts of strategies for paying less interest on your loan, but most of them boil down to one thing: Pay your loan off as fast as you can. For example, if take out a loan of $300,000 at 7.07 percent for 25 years, your repayment will be about $2,134. This equates to a total repayment of $640,126 over the term of your loan.

If you pay the loan out over 10 years rather than 25, your monthly payment will be $3,494 a month (ouch!). But the total amount you will repay over the term of the loan will be only $419,290 – saving you a whopping $220,836!

For more tips visit our website, follow the below link

http://www.feltopproperties.com/mortgage-tips/

 

 

Retail, coffee shop, show room,office space, to let Parklands Nairobi Kenya

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Retail, coffee shop, show room,office space, to let Parklands Nairobi Kenya

A chic modern 12 storey retail and office complex, incorporating state-of-the art features, suitable for any modern outlet. The building, designed with a vision for the future in mind, features 3 storeys of retail space, 10 storeys of office space, 10 storeys of parking, a 30,000 square foot exhibition/conference hall, a helipad and a revolving restaurant on the top most floor offering exceptional views of the city.

The Plan

Basement, Lower Ground Floor and Ground Floor : Retail Space

Parking Tower: 10 storeys of parking to accommodate 1000 cars. To facilitate for this the parking

tower has been designed with 3 entrance and exit routes as well as a drop off zone.

Office Tower: 10 storeys of office space (5,000 square feet per floor).

The Facilities

Enhanced security- CCTV throughout the building and around the premises. Push button alarm. Intercom system. Fibre Optic Internet. Ready point for TV/DSTV and cable TV in each unit. Provision for water supply in each unit. Secure ample parking tower to accommodate 1000 cars. Parking tower fitted with an automatic parking indicator system. Back-up generator and voltage stabilizer and thus provision of a healthy power supply at all times. Borehole which allows the tenant to enjoy an unlimited supply of water. 2 million litre water tank reserve storage. 6 panoramic lifts plus 1 service lift. Disabled access (ramps throughout the building). Revolving restaurant. Helipad. Conference/ Exhibition Hall (30,000 square feet on the 11th floor). Restaurant space with indoor and outdoor seating. Excellent transport connections in Nairobi and to the outskirts.

The Completion Date
Basement, Lower Ground Floor and Ground Floor 1st – 2nd Floor: Ready. Third Floor and above: July 2013

 Monthly Rent (inclusive of service charge) rent charged on gross

Basement and Lower Ground and Ground Floor – Kshs. 240.00 / USD.3.00 per square foot

Second Floor and above – Kshs. 200.00/USD. 2.00 per square foot

Parking Space – USD. 180 per parking space per month

*All rates are subject to + 16% VAT.

*Particulars not warranted and subject to change.

Spaces available
Lower Ground Floor
Shop/retail spaces size from 30.90sqm (309sqft) to 282.75sqm (2828sqft), coffee Shop / restaurant available 89.57sqm (900sqft)

 Ground Floor
Shop/retail spaces size from 18.51sqm (185.10sqft) to 299.48sqm (3000sqft), show room 3000sqft.

 1st – 10th Floor
5000sqft office space, 1st Floor 5000sqft with a big terrace stable for a coffee shop/restaurant rest of the floor is parking space

10th floor children play ground to let height 6m, 10th floor mezzanine 19 food court stalls to let 300sqft each

 11th floor restaurants spaces to let 4000sqft, 4400sqft, 5200sqt, 5900sqft, 6200sqft, casino to let 8000sqft, 200sqft also available for preferred business

 12th floor conference hall to let with fitted kitchen and meeting rooms to let

Nyari Nairobi Kenya – secure, cool estate to reside or rent a home

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Nyari Estate Nyari Estate is located within Nyari, off Red Hill Drive, in a cool and serene environment Nairobi Kenya. It is one of the estates with high security as it’s within a gated community with barriers at each gate, manned with qualified trained security personnel/companies. Within this estate we have highly placed people in the community living either as rental or their own property.

It is 5.1km (8minutes drive) from the United Nations Offices Gigiri Nairobi Kenya. Most United Nations staffs lives in this area. The location is situated within close proximity of shopping malls like The Village Market, which is 10minutes drive away, Westlands Sarit Centre which is 6.8Km 12 minutes drive away, The Diamond Plaza Shopping Mall which is 14minutes drive away and 7.4km using Peponi Road.

Also is International school like is about 3km (5minutes or less drive), Brae-burn Garden Estate is 11Km away thus about 20minutes drive, Braeburn Gatanga Road 9km away thus 15 – 20minutes drive, Rossyln Academy 5.7Km away thus 10minutes or less drive. Agakhan Academy, Premier Academy, Banda, Hillcrest and Brookside schools are also within reach. Nyari is one of the best up-market estates within Nairobi Kenya in terms of the environment, security, and amenities nearby like hospitals, schools and shopping malls. There is also a police station within the location.

If coming to Nairobi for a vacation and needs a place to stay, or coming for employment with the United Nations or the Embassies located along Limuru Road or nearby,  below kindly find the available rentals within is classy, cool and secure estate.

Links to available properties

Furnished serviced 2 bedroom guesthouse to let Nairobi Nyari $2500 per month

http://www.feltopproperties.com/listings-3/60-Apartment-RedhillNyariNairobiKenya-2Bedrooms-3Bathrooms-USD2500/

Furnished serviced 2 bedroom guesthouse to let Nairobi Nyari $150 per month

http://www.feltopproperties.com/listings-3/26-Guesthouse-Nyari-Nyari-Nairobi-Kenya-KES150000/

More Rentals in Nyari

For inquiries, viewing or booking, Contact Us

10 factors to consider when buying land

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10 factors to consider when buying land
1. Accessibility
Is the plot / land in question accessible? Are the roads accessible? Is public transport accessible?

2. Lease terms
You need to find out whether the lease is freehold or lease hold. If it is Lease hold, from when is it effective? Be careful not to buy a plot that the Lease has expired or near expiration without your knowledge.

3. Development / Soil type
Is the development within the location controlled? If controlled, is it applicable to your desire in terms of budget and need? Does the soil type suite your need? For example, If looking for a farming land, one cannot go for just any type of soil.

4. Land User
Confirm whether the Land use is residential or commercial depending on your need. Also inquire if the User can be changed.

5. Papers/Documents
Are the documents / papers in order? MUST DO – Search in the lands office to confirm the ownership of the plot and if it’s genuine. Is the title deed, deed plan available? Are the land rates paid up to date?

6. Price
You have to do a research and find out if the sale price is inflated or favorable compared to the location?

7. Budget
Consider sourcing for land in locations that matches your budget. This saves time and resources. Your agent can help with this.

8. Security
Ensure that there is security in the location you intend to secure a plot.

9. Legality
Have your Lawyer to ensure that the sale is done in accordance to legal rules and regulations. The seller can have his/her lawyer but it is advisable for the buyer too to engage his/her lawyer in the sale transaction.

10. Real Estate Agent
An agent is important in the process as through their experience, exposure and knowledge, can assist in finding your desired piece of land fast and ensure a smooth and genuine sale transaction.

If you are sourcing for a plot of land to buy or let, consider looking at the below.
Prime plots for sale Kisaju Namanga Road Kenya
Three prime plots / land for sale located in Kisaju Kenya 50 meters from tarmac (Namanga Road) behind the new Yukos Petrol station. Read More

3.5acre plot / land for sale on main road Ukunda South Coast Kenya
NOW SELLING AT HALF PRICE! Kshs. 1.3Million

The Land is in Ukunda, Msabweni road on the 2 row from the main high-way road, South Coast Mombasa Kenya. Ukunda main road heading to lunga lunga its just 5 kms from the end. On the right hand side is the land allocated to Ramisi sugar factory, Kwale International Sugar Industrial (near Ukunda police station) and Zigira primary school. Read More

50 x 100ft plots for sale Juja 2km off Thika Supper Highway Kenya
The property is set on a vast 10 acres in the refreshing and natural landscape of Juja enjoying expansive view. The property is divided into 69 plots which offers a breath of fresh air whilst setting a new standard of living in Juja.
 Divided into 68 plots of 50ft by 100ft and a 1⁄2 acre Plot for a school
 The price for a 50ft by 100ft plot is Ksh. 1.9 Million which is negotiable
 The price for the 1⁄2 acre plot for a school is 3.7 Million also negotiable
 Pay 30% deposit and get 70% Financing at a fixed interest rate of14.9% p.a within a
repayment period of 2-3 years Read More

Contact us for inquiries or more information

14 points to consider on The Home Buying Process for first time home buyers

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Due to request from our readers, we have reported the below

Feltop Properties

14 points to consider on The Home Buying Process for first time home buyers

The below explains how to buy your first home, in step-by-step fashion. The Home
Buying Institute recommends that the steps be taken in the order they are presented

1. Start saving money. You’ll need it for the down payment, closing costs, etc. Start today.

2. Check your credit score. It takes time to improve a score, so start early if needed. On
average, you’ll need a score above 650 to get a loan, and above 760 to get the best rates.

3. Get copies of your credit report. Check them for errors, and make corrections if necessary. Mistakes on your reports can hurt your credit score.

4. Establish a home-buying budget by comparing your monthly debt to net monthly income.

5. Determine how much you can afford to spend on a mortgage payment each month. Do

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