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JUNE-JULY 2015

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Hyrax Flora 2 Bedroom Apartments for sale

MUIGAI COMMERCIAL AGENCIES LTD

DONG FANG

CURTAINS

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Location- WestSide Mall 1 Floor

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MUIGAI COMMERCIAL AGENCIES LTD

Editor's Article Buying land should not be such a hustle, especially when you go through the required legal processes. It is important to note that it is only through the right legal procedures that your right as a purchaser will be safeguarded. It is important for one to use a reputable lawyer or firm of advocates to act for him/ her in the sale transaction. The lawyer will also assist you in obtaining the requisite completion of documents. Here are 5 pitfalls to avoid when purchasing a piece of land 1. Never rush into buying any piece of land It is important to carry out a due diligence on the authenticity of the house or property you want to purchase. It is safer to buy from a legitimate real estate company that is registered by the relevant bodies and has a track record than from a source that is unknown. In this digital era, property search has been made easier with just a click of a button. Find reputable real estate portals that list registered real estate companies to buy land from them. These real estate portals have sieved off unscrupulous people who purport to be Realtors thus making your property search as stress free as possible. 2. Never buy without negotiating first Negotiate, Negotiate, Negotiate. Why do I say this? Even if you have the entire amount of the price offered, properties are always inflated and therefore it's good to put your negotiation skills to the test to get the best deal of any land you want to buy. 3. Never make any oral agreement. When an agreement involves land ensure that all the agreements are in writing. Oral land transactions cannot be enforced by law courts. The most basic of the document that you need is a purchase receipt. You should ensure that you read any fine print on the receipt and take note of the words used. For instance, if you fully paid for the purchase of the land and you find written on the receipt that you leased it no explanation from the seller should suffice until he or she changes the words to reflect that the land had been sold to you. Land can be purchased from an individual, a community, a private or a public corporation. When the land is purchased from a community rather than an individual, the precautions you need to take during and after payment are slightly different. In this instance, a sale of community land must be with the consent of the head of the family. The receipts and agreements that you will have must be signed by the head of the family and any other recognized signatory or signatories of the family. 4. Never deposit finances to the seller's account without signing n offer letter Offer letters are mainly processed by lawyers or Realtors representing the buyer and the seller. Offer letters protect either party just in-case one decides to change his/ her mind. Incase either of the parties terminates the agreement, there is a fine that is paid by the party that terminates the agreement first. 5. Never buy a piece of land without inspecting it first You may be buying the land for your own use or to lease it. Whatever the reason for buying the land, it is important to conduct an inspection on the land. Verify the exact position of the beacons and find out from the neighbors or the community about the land e.g. if it floods during the rainy season. The inspection should be carried out by a registered and reputable land surveyor.

Contents Pg 7- 10 Ques ons with Mr. James Muigai Pg 11 Buy and Wait,,,don't wait and Buy

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PROPERTY GUIDE Call us or drop us an email The Property Guide contacts 0713 142 855/ 0724 001 889 Email: propertyguidekenya@gmail.com Facebook: The Property Guide- Kenya

Our Team Editor- George Gitonga Advertising- Gloria Ngure Design and Layout- Bobby Singh Photography-James Wakibya, Myscars Ltd Printing- Bignet Solutions

Location: Se 58 at the ď&#x20AC;&#x201A;ower garden Cell: 0727 817 481 Email: friendsofnature15@gmail.com

SYNERGY LINK LAND SURVEYORS Synergy link land surveyors was established in the year 2006 and has grown to be one of the most professional and most trusted surveyor firm in Nakuru county and beyond. Our main clients are financial empowerment Saccos, land buying companies as well

Mission

as individuals.

Ensure innovation and providing affordable rates for our services and equitability to all our clients without discrimination.

Vision

To provide service delivery and continuously improve development in the eld of land surveying and mapping through spatial planning with the aim of digitizing by the use of GIS Data Management and modern instruments e.g. Total stations, global positions systems (GPS), GLONASS and real time Kinematic (RTK) levels.

S E R V I C E S Cadastral or mutation survey i.e. Land subdivision of xed or general boundary Title deed processing. Registration and processing of land transactions and other legal documents e.g. Search certicate, transfer of land. Technical advice (land consultant) e.g. on land subdivision, land caution succession, lease charges/ discharge and search certicate. Land planning and drawing by use of advanced computer programme (AUTOCAD) provision of reliable land information, buying and selling plots.

0720 552 063 311-20100 Nakuru Next to Ardhi office Nakuru samuelnjogu24@gmail.com

10 Questions with Mr. James Muigai Muigai Commercial Agencies Ltd was founded in 1976 by the late Mr. Samuel Kahiga Muigai in Nakuru town ini ally as a general insurance brokerage firm. This makes the company among the commercial agencies that have existed for the longest me in Nakuru. The company has a branch in Nairobi that was opened in 1991. The company's mission is to provide the best solu ons in terms of real estate, built and inbuilt environment and also to integrate the core values of investment and wealth crea on through real estate. The core values of Integrity, honesty, professionalism and integrated wealth management techniques have made the company stand out for the past 39 years. Meet James Muigai, the director in charge of the Technical wing at Muigai Commercial Agencies. Here is what he tells Gloria Ngure about the real estate sector. 1. Do you think the real estate sector is a never ending sector and why? You can never say a certain sector of the economy is ending, you can only term it as sustainable or not. And YES!! Real estate is certainly a sustainable sector of the economy as it forms part of the basic needs. You can have a look at the best prac ces in land management to yield highest and best use of the landed property. 2. What percentage of growth does the company experience every year? A company always grows when the product grows in both diversity and use but as you know land does not expand in size, it is just put to the highest and best use to yield growth. We have experienced constant growth throughout the years as more and more people develop landed products. The percentage, however, is never constant as various mes call for various percep ons about real estate investment e.g. during elec ons, we experience very slow and low property sales as opposed to when the country is stable enough and has offered good economic climate for investments. Some mes during the same elec oneering period, the rate of uptake of rental property is high depending on the migra on pa erns associated with elec ons. 3. Where will the company growth be directed to in the coming years? The company definitely aspires to grow in terms of development of proper es in various areas of the country and in the greater East Africa/ The African con nent in general. We should be offering gated communi es, integrated concepts as well as luxurious proper es targe ng both the middle and high end segments of the society. 4. There are many Real Estate companies coming up in Kenya every day. How can one know the legi macy of Real Estate Company? The prac ce of real estate is very diverse in itself and various companies offer various products. A real estate development company is involved in construc on of developed units on land whereas a real estate company is involved in the selling aspect of the developed product. Both are governed by different laws of Kenya. For real estate agents, we have Cap 533 of the law of Kenya which governs the prac ce of agency, whereas we have ins tu ons like the Ins tu on of Surveyors of Kenya (ISK) by which members prac cing more advanced real estate management prac ces are registered and governed. Land managers and valuers form such membership. Our directors are both registered under the Estate Agents act CAP 533 and ISK for be er and enhanced delivery of services. 5. Are you involved in any sponsorships or community Rela ons ac vi es? We do sponsor individual students through our sister company, Carol Academy, as well as support the needy children of various children's homes in the country including St. Ann Mother & Child Home, Newlife Children's Home among others. 6. What are the challenges of running a Real Estate company? Challenges of running a real estate company are diverse and are encountered at different stages in the delivery of services. From when a client approaches us to sell a property on their behalf, you may find that the product is not legi mate, or is grabbed, or is under dispute. Secondly, the records in the various land registries may not be updated, hence hindrance in the true iden ty of the owners. Thirdly, in real estate management, when a client has approached us with an already complete product for us to fetch tenants and start collec ng rental incomes, you may find that the house is not what is required in a certain market hence crea ng a lot of voids/ loss of rent. These are just a few, and as I said, they are many and varied depending on the area of opera on. 7. What is your advice to people who want to get into Real Estate Business? My advice to young and old people alike who want to get into the profession is that they must first aspire to understand the profession. I usually tell people that selling real estate is not the same as selling a bag of potatoes or onions which is an absolute sale. It involves a lot of processes which have to be followed. So it is a good profession but one which you have to be careful when selling. Research of the product and a er sale service is very crucial. 8. A typical day for you? My day starts at 6:00 am with a morning jog, then the office by 7:30 am where we hold a brief staff mee ng before opening the doors at 8:30 am to customers. Official hours never end as I strive to meet clients a er hours. 9. Favorite Quote? My favorite quote used to be said by my late father every other day we would be together. He used to say, “War is war comrade” meaning you either fight or die. 10. Advice to young people? I always tell the young ones that I mentor that a dream is never too big if you have proper planning and discipline. “Failure to plan is planning to fail”. Never ever give up no ma er your age, background, color, or what you did in the past. You wake up to start a new day which is the beginning of something new.

Nakuru

Overview Price:KES.850,000.00 Contract type:sale Type:housing Location:Nakuru Area:15.5sqm

1.Bedsitter/Studio House 2.Situated Nakuru Naka area 3.Borehole to be installed 4.Unmatchable rate of appreciation 5.Project to be completed in two years 6.Ksh.850,000 7.Self Contained with washroom & Kitchen 8.Individual ownership documents-Lease

Master Ensuite Ceramic Tiles Finishing Spacious Lounge with a dining and an open Kitchen Bio Digester Enhanced Green Areas Ample Parking

Overview Price:KES.3,600,000.00 Contract type:sale Type:housing Location:Juja Area:40X60

Buy and Wait… don't Wait and Buy!! Are you among the people who say, “I will wait for several years to save enough money to buy either a house or a piece of land?” Here is what you should know about Urithi Housing Cooperative Society that helps you buy and wait. Urithi Housing Cooperative Society Ltd (UHCSL) is registered with the ministry of cooperative development and marketing. Urithi HCSL endeavors to address the housing challenges caused by the global recession that has constantly put a strain for majority to own assets like land and houses. The Co-operative acquires land at negotiated low price and pass on the subsidized cost per unit to the members. The profits realized from the sales to non-members is ploughed back to be earned by the members as dividends or / and value addition activities on the land. Urithi a swahili name for inheritance serves those who want to invest for the future thereby giving inheritance to oneself as retirement package and to the loved ones like spouses and children hence the slogan – buy and wait..., don't wait and buy!! Our Objectives are to provide for its members living accommodation and livelihood within the area of its operation at affair and reasonable price together with such ancillary services as roads, drainage, water and light. To provide facilities for physical and cultural recreation and all such other matters as are usual, customary and desirous for building estates, blocks of flats or single dwellings. Our Objectives are to provide for its members living accommodation and livelihood within the area of its operation at affair and reasonable price together with such ancillary services as roads, drainage, water and light.

UHCL currently has 10,000 members and 7 branches in Kenya. According to the Business Development Sales marketing manager, Wallace Mwaura, the housing cooperative society endeavors to help members own investment properties especially land and houses at affordable rates. The members save money to buy land by making deposits and then paying installments to the company for a specified period of time. Vision: To create partnership in real estate development through value addition and Strategic resources mobilization for realization of vision 2030 and beyond. Motto: Accelerate tomorrow's growth today. Mission: To Provide settlement, housing and commercial establishment throughout prudent and visionary management of shareholders resources to improve their quality of life. Our Core Values are: Accountability, Transparency, Commercial, Commitment, Discipline, Efficiency, Honesty, Conservancy, and Equity

Why Join Us?

How to Become A Member

1.We secure your investments in a Governmental registered entity. 2.We nd and search genuine land for you. 3.Deposit and Installment purchase is allowed. 4.Title deeds in two months after completion. 5.You buy properties at cost hence saving for more investments. 6.We provide free investments opportunity to give your child a future inheritance. 7.We notify you through sms and email when opportunities strike. 8.No Brokerage or prot element factored on members' price. 9.Join arguably the fastest growing co-operative society. 10.We offer an opportunity to give your child a future inheritance. 11.No balloting we allocate on rst come rst served basis. 12.Sell your right in phase without losing your membership. 13.Join Network of investors and benet from shares appreciation. 14.Value addition to our projects like social amenities and commercial sports. 15.We cater for individuals and groups membership. 16.We facilitate '2 in one' and '3 in one' ownership of plots in every phase.

1.Register and pay Ksh.1000/= 2.Get membership number from the ofce. 3.Purchase Minimum 5 shares worth Ksh.7000 each for Ksh.35000 4.Get a share certicate in 7 days 5.Start identifying a project and invest in it.

Why Buy Shares? 1.You will earn annual dividends. 2.You will buy plots and houses at cost. 3.You can transfer your shares to your children as an inheritance or sell at prevailing market price. 4.Get a share certicate in 7 days 5.Use the shares certicate as loan security

ADDITIONAL INFORMATION Njoro Ridges 50 x 100 plots, 2 km from the main Nakuru- Njoro Road at Kenyatta area next to Sunrise state- Ksh 320,000 (You can download a photo of a piece of land for the above additional information)

Website: urithihousing.co.ke Cell: +254 727 319 454

AIKON PROPERTIES

-2 bedrooms and a car garage on an eighth of an acre. -500 meters from Stem Hotel. - Right next to Lake Nakuru Na onal Park. - Magniﬁcent views of the park. - Serene neighborhood.

-Cost Ksh. 4.5Million

3 Storey Residen al Flat for sale in Nakuru Town, Freehold near Afraha Stadium - Monthly income Ksh. 240,000 - Standing on a half acre plot - Secure area - Stone perimeter fence - Borehole - Suﬃcient car park and children's play area

This Magnificent 7 bedroom maisone e is on a 0.6 acre piece of land in the affluent Milimani area of Nakuru. All 7 bedrooms are en suite. It has 2 dining rooms and a kitchen detached from the main house with in built high and low level cabinets. The house comes fully furnished and includes 32 inch flat screen TVs' in every room. There is a 4 bedroom all en suite guest house/sq with its own yard.

Ksh 60,000,000:

Cost Ksh. 55,000,000

Ruiru 5br Stand -alone maisone e for sale Strategically and conveniently located minutes to the Kenya a University Ruiru campus stands this magniﬁcent family home just for you! Features include: -Very spacious si ng area and dinning area -Lovely large kitchen with lots of storage spaces -Very spacious washing area -Large garden and parking lots for up to there cars -5br master ensuite with Jacuzzi -Ample water supply and storage -Good access road for ease of connec on -A gazebo -Detached servant quarters -Loca on also near major entertainment joints like Ruiru Resort club and schools like Zetech college and other ameni es like hospitals. The loca on in addi on gives you convenience to Ruiru town and ease of access to Thika road and Nairobi Cbd Asking price is ksh12M only!

KITENGELA

plots for sale

1/8 Acre plots

PROPERTIES LTD

800 metres from Kitengela- Namanga road Well developed area Electricity and water available Hospital and schools in the neighborhood Mode of payment- Cash, Installments or Mortgage Purchase price is inclusive of Title and transfer @Ksh 850,000 (Few Remaining)

1/8 Acre plots 7 Km from Kitengela- Namanga road Well developed area Electricity and water available Hospital and schools in the neighborhood Mode of payment- Cash, Installments or Mortgage @Ksh 350,000

For more information: Cell: 0727 953 187/ 0713 142 855 Email: esthermwamuyu@gmail.com

ATHRAM LTD

Nakuru Office: Shop G25, Uchumi Business Centre, Opposite Riva Petrol Station, Office: Highway Towers 5th floor

Call: 0724 504 577/ 0706 717 680

Quarry for Sale Location: Arahuka Farm- Bahati 22 KM from Nakuru town, 2 Acres @ Ksh 1.5 million 4 BEDROOM MANSIONETTE all ensuite on 50 by 100 ft plot Also comprising 3 one-bedroom units and 2 bedsitters with an income of 21,000 @Ksh 10 millionBarnabas PIPELINE 2 BEDROOM HOUSE 50 by 100ft perimeter wall off Elementaita 2nd row from the tarmac road opposite pipeline gate 3. Water and electricity connected. Ideal for bed and breakfast current rent 20,000 per month. Price 6.5 million (2room SQ)

PLOTS FOR SALE 1.Pipeline near mzee wanyama,50 x 100 plot at 300 metres off Tarmac @ Ksh 600,000 2.Nakuru Upper Milimani 50 x 100 plot at Ngachura Kirima, 7 km from Nakuru Town Centre along Nakuru-KBC-Maili Tano road @Ksh 350,000 3.Wanyororo Mugwathi 0.9 Acres. Water and Electricity available for connec on @ Ksh 2.5 million. Title deed available 4.Pipeline Bhogals 50 x 100 plots, 300 metres off tarmac at Bal more Academy. Water and electricity available for connec on. Suitable for own residen al and high density tenancy purposes. @Ksh 1.5 million each 5.Manyani ¼ acre residen al plot ideal for high tenancy purposes @Ksh 3 million. Title deed available 6.Rumuruti 3 acre shamba, 4 km from Rumuru town at Mutara Thome farm @Ksh 600,000. Title deed available 7.Nairobi Korompoi off Namanga road 1/8th Acre@ Ksh 700,000

Nairobi Office: Basement- Shujaa Mall, next to Soston Estate, Kayole Spine Road

JAGON COMMERCIAL AGENCIES-GENERAL COMMISION AGENT PLOTS FOR SALE Mwariki ¼ Acre- Ksh 3 million Greensteds near tarmac 50 x 100 @Ksh 3million Imperial 50 x 100 @ Ksh 400,000 Greensteds- Several plots 50 x 100 @ Ksh 2 million

3 Bedroom House in Lanet, Umoja II Built on ¼ Acre

HOUSES FOR SALE

Ksh 4.5 million (Nego able)

Mwariki B, 2 bedroom House on 50 x 100 plot @ Ksh 3 million Langalanga, six 2 bedroom ﬂats with an income of Ksh 80,000 P.M @ Ksh 15 million.(Nego able)

CONTACT INFORMATION Jagon commercial Agencies Cigma Building

3 Bedroom House in Mawanga Built on ¼ Acre Price Ksh 5 million