This is an apartment project by BrownCap Developers comprising of studio and 1-bedroom units.
The Apartments are only 50 metres from Northern Bypass
The project has 79 units in total. 24 studio units (225 SqFt), 55 One-bedroom units (365 SqFt).
The initial sales are on an off-plan model.
The construction is projected to take 24 months.
The project is a Ground Plus Five storey building with the ground floor having some parking and a court yard.
We have one-off cash price and Installment Plans.
KES 600,000 for a studio and KES 750,000 for a one bed-room
After the initial deposit, the balance repaid within 24 months.
The developer has injected equity equivalent to 35% of the construction to de-risk other investors from delivery risk.
The developer will refund the amount paid as soon as the unit is resold in the market less a 10% penalty.
Yes. The unit prices are uniform across all floors and the units are issued on First pay, First served basis.
The will be 50 parking slots and parking will be communal.
Each unit will have its own Lease Certificate as ownership document.
The legal fees are not included in the prices. The legal fees per unit are KES 25,000 payable to the Project Lawyers for drafting the agreements, certifying the executed agreements and taking the agreements for stamp duty assessment. Additionally stamp duty is payable directly to KRA, equivalent to 4% of the unit value. All fees should be paid by the investor before project completion.
Yes. Investor are can use their private lawyers for the legal aspects of the project at their (additional) own costs.
The drawings and the layout plan have been incorporated in our brochure which can be downloaded online