DIVINE SUITES RIVERSIDE 1 2 Bedroom fully furnished
DIVINE SUITES RIVERSIDE 1 & 2 Bedroom, fully furnished and serviced Apartment for sale
INTRODUCTION VAAL International Real Estate Company with more than 10 years experience! v. In the following countries -:
ABOUT DIVINE This ultra-modern, stylish and high quality hotel living concept is the best investment opportunity in whole Nairobi ! v v v v Fully furnished and serviced 1 and 2 br. apartments Managedby an international hotel group Located off. Riverside drive on Riverside lane Divine is a total of 12 floors, with theth 12 floor being the restaurant A Total of 231 apartments, 250 parking onacre 1 157 Units of 1 bedrooms and 74 Units of 2 bedrooms Anticipated completion Date. December is 2020 1 & 2 Bedroom show-houses ready
THE LOCATION Located in the most prime area – Riverside lane off Riverside Drive: RIVERSIDE DRIVE, OFF RIVERSIDE LANE NEXT TO OLD NETHEARLANDS EMABASSY Serene , Quiet and away from the hustle and bustle of the main road.
HOTEL CONCEPT Divine Suites is the Epitome of Hotel Living in Nairobi. FLAT SCREEN TV +DSTV VIEWS OF LEAFY SURBUB CONCIERGE SERVICE CUTLERY & LINEN LARGE BALCONIES KING SIZE BEDS
AMENITIES Ll CONFERENCE FACILITIES LAUNDERETTE FULLY FITTED GYM CONFRENCING FACILITY FULL BACKUP GENERATOR RESTAURANT CABLE & WI-FI STEAM & SAUNA CCTV HEATED SWIMMING POOL HIGH SPEED LIFTS
COMPETITORS + Fully serviced 1&2 bedroom apartments and hotel rooms + Conference center + Restaurant, Fitness and Spa, Pool with bar + 2 locations: Riverside and State House Cresent - construction is starting now - owned by one investor, not for sale - will be next to construction for 3 -5 years as the development has several phases Pricing: not published yet + Fully serviced 1&2 bedroom apartments and hotel rooms + Conference center + Restaurant, Fitness and Spa, Pool with bar + 2 locations: Riverside and State House Cresent - 5 years old - owned by one investor, not for sale Pricing: 1 night, 2 gusts, 2 br. 200 USD (31. 8. -1. 9. 19)
ONE BEDROOM ROI Example 1 bedroom apartment on 8 th floor. Price: KES 15, 500, 000 Income: KES 17, 000/night, KES 6. 12 M/year Deduction: 72% occupancy rate, Share with Management (20%), SC KES 40, 000/month, 30% TAX Net Income: 2. 6 M/year ROI Actual rent per day 17, 000 Actual rent per month (17, 000*30) 510, 000 Serviced apartment occupancy 2018 72% ( 72% * 510, 000) Less: Monthly charges Service charge Common areas 10, 000 House keeping 20, 000 20% Management company fee (20%*337, 200) Less: Corporate tax 30% (30% * 269760) 367, 200 337, 200 80, 928 Less Utilities: water & Electricity (10, 000) Net Return 178, 832 30, 000 (67440) 269, 760 188, 832
HIGHEST ROI Rental Yield = 13. 85% Annual Rental Income / Value of the house * 100 KES 2, 145, 984 / KES 15, 500, 000 * 100 = 13. 85% Payback Period = 7. 22 years Duration to recover invested amount = Total investment / rental income per year 15, 500, 000 / 2, 145, 984 = 7. 22 years
TWO BEDROOM ROI Type M on 2 nd floor. Price: KES 26, 100, 000 Income: KES 25, 000/night Deduction: 72% occupancy rate, Share with Management (20%), SC KES 50, 000/month, 30% TAX Net Income: 3. 24 M/year ROI Actual rent per day 25, 000 Actual rent per month (25, 000*30) 750, 000 Occupancy Rate 72% ( 72% * 750, 000) 540, 000 Less: Monthly charges Service charge Common areas 10, 000 House keeping 30, 000 40, 000 500, 000 20% Management company fee (20%*337, 200) (100, 000) 400, 000 Less: Corporate tax 30% (30% * 269760) 120, 000 280, 000 Less Utilities: water & Electricity (10, 000) Net Return 270, 000
Years HIGHEST ROI Rental Yield = 12. 41% Annual Rental Income / Value of the house * 100 KES 3, 240, 000 / KES 26, 100, 000 * 100 = 12. 41% Payback Period = 8. 06 years Duration to recover invested amount = Total investment / rental income per year 26, 100, 000 / 3, 240, 000 = 8. 06 years
FLOOR PLAN & PRICE LIST
PAYMENT PLAN & PRICE LIST DIVINE SUITES NEW PRICES Type A B C D E F G H I J K L M N O P Q R S T U Bedrooms 2 2 1 1 1 1 1 2 2 2 1 1 2 2 Sq Meters 138. 21 145. 93 85. 01 102. 86 85. 64 88. 8 92. 31 88. 8 85. 64 102. 86 94. 18 145. 93 138. 21 93. 89 66. 68 67. 06 66. 18 66. 52 90. 21 93. 78 Sq Feet 1488 1571 915 1107 922 956 994 956 922 1107 1014 1571 1488 1011 718 722 716 971 1010 1 SOLD SOLD SOLD SOLD SOLD SOLD 17, 148, 285 SOLD 17, 264, 940 SOLD 17, 556, 735 SOLD SOLD SOLD 25, 339, 545 17, 873, 205 SOLD SOLD 25, 585, 560 18, 031, 440 SOLD 2 24, 847, 515 26, 130, 720 SOLD 17, 148, 285 17, 381, 595 26, 130, 720 3 SOLD SOLD SOLD 4 SOLD SOLD SOLD 5 SOLD SOLD 18, 320, 000 SOLD SOLD 6 SOLD SOLD SOLD SOLD SOLD 7 SOLD SOLD SOLD SOLD 19, 152, 210 17, 683, 050 18, 417, 630 19, 274, 640 SOLD 18, 417, 630 17, 683, 050 SOLD 8 28, 633, 605 29, 993, 040 19, 241, 145 20, 476, 995 18, 993, 975 19, 735, 485 20, 600, 580 19, 735, 485 18, 993, 975 20, 476, 995 9 28, 879, 620 30, 251, 760 19, 399, 380 20, 646, 780 19, 149, 900 19, 898, 340 20, 771, 520 19, 898, 340 19, 149, 900 20, 896, 620 SOLD 10 29, 125, 635 30, 510, 480 19, 557, 615 20, 816, 565 19, 305, 825 20, 061, 195 20, 942, 460 20, 061, 195 19, 305, 825 20, 816, 565 11 SOLD SOLD SOLD 24, 847, 515 26, 648, 160 20, 724, 165 SOLD 21, 068, 355 SOLD 30, 510, 480 SOLD 17, 671, 080 18, 031, 440 28, 633, 605 20, 816, 145 15, 533, 595 SOLD 15, 533, 595 20, 445, 390 20, 816, 145 28, 879, 620 20, 974, 380 15, 657, 180 20, 600, 160 20, 974, 380 15, 780, 765 20, 754, 930 21, 132, 615 29, 125, 635 SOLD SOLD SOLD RESALE Available Payment plan: 20% to reserve the unit, 20% upon signing the sale agreement, 60% spread through the construction period § § Inclusive of furniture's worth 1. 5 M KSH for 1 bed and 2 M KSH for 2 bed mortgage +1. 5 M KSH
SUMMARY The ROI agrees. The location agrees. The concept agrees. Why wouldn’t you agree ? Invest in Divine. Thank You!!!!!!
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