Orchid Gardens Apartments Project in Kitengela
Prittworld Properties & Mortgages Limited is in the processing of starting its 3rd development project, Orchid Gardens Apartments Project in Kitengela.
Orchid Gardens Estate is a comprehensive residential development encompassing 280 modern apartments with impeccable finishing. The 2 and 3 bedroom apartment options are set across a 7-acre parcel of land.
Location: The project is strategically positioned in the peripheries of the fast growing Kitengelatown. It is only a 30 minutes’ drive from the CBD and 15 minutes’ drivefrom JKIA. The adjacent suburbs Milimani Estate, Mountain View make the location quite secure and attractive for investors.
Neighboring social amenities:
Major hospitals within the vicinity include Nairobi Women’s Hospital, Gertrude’s Kitengela and Aga-Khan Hospital. International schools that neighbor our development include Kitengela International School and Kennedy Academy.
Orchid Gardens is uniquely designed with spacious rooms and well organized site layout. The estate is also fitted with internet. This together with the with the greenery areas makes Orchid Gardens a classic development in Kitengela. The open kitchen design and well lit estate makes Orchid Gardens the most ideal place to live on.
The development will also encompass:
1. Day Care / Nursery
2. Commercial Hub:
a. Mini market
c. Beauty spa
3. Swimming pool;
4. Jogging track;
5. Children’s playing fields;
6. Power backup generator
7. Eco friendly water recycling plant;
8. A borehole;
9. Round the clock security – manned perimeter wall, electric fencing, well-lit driveway and security check points;
Selling Price (Capital expenditure):
|Unit Sizes||Plinth areas||Parking Provisions||Number of Units||Selling price
|3 bedroom Units With DSQ||116||2 bays per unit||128 units||7,200,000|
|3 bedroom Units Without DSQ||119||2 bays per unit||72 units||6,500,000|
|2 bedroom Units without DSQ||89||1 bay per unit||80 units||5,500,000|
Expected Monthly incomes & Annualized Return on Investment:
|Unit Sizes||Expected monthly income||Expected annualized return on investment (RoI)|
|3 bedroom Units With DSQ||50,000||25% p.a|
|3 bedroom Units Without DSQ||40,000||25% p.a|
|2 bedroom Units without DSQ||35,000||25% p.a|
The stated prices are introductory prices (off-plan offers);
This offer is valid for a limited period only for the first 10% of the units sold at this price
|Option 1 (Cash buyers)||Option 2 (Mortgage financing)||Option 3 (0% deposit)|
20% upon signing of the offer letter;
80% payable in 4 equal instalments with the last payment upon completion.
The phase 1 is expected to take 15 months to completion;
10% upon signing the offer letter;
90% upon completion;
10% deposit spread over 6 months;
90% upon completion;