property The
FEBRUARY 2012
Everything real estate
Kshs. 200 Ushs. 7000 Rwf. 2000
zone ISSUE 018
The nightmare of House hunting in Nairobi
Online marketing of Real Estate The future of business is online, and so should the marketing of your Real estate business
Ugandan Property Market Bubble or a Real Investment Opportunity?
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[The property zone][February 2012]
CALL: 0714 274 954, 0734 037 010 email: nawiri@propertyzonekenya.co.ke
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[The PropertyCALL: zone][February 010 0714 274 954,2012] 0734 037
email: nawiri@propertyzonekenya.co.ke
property
The
Editor’s note
Everything real estate
zone
Managing Editor: Christine Mweteeli
info@propertyzonekenya.co.ke
Contributing Writers: Augustine Kiggundu Charlene Kibenwa Katunge Kyambo Njoroge Regeru Tina Muthoka Advertising Sales:
sales@propertyzonekenya.co.ke
C E O: Michael Mweteeli
michael@propertyzonekenya.co.ke
Distribution:
JETsam Distribution Ltd P.O.Box 3762 - 00506 Nairobi - Kenya
Published by:
Property Zone Consulting Ltd
H
ere is our February issue. The year has begun in earnest and we are excited to introduce some new contributors. Augustine Kiggundu
writes in from Uganda and gives us some on-the-ground information on the great opportunities for investment in that country on the Low hanging fruit column.
No. 2 Talbot Court Westlands Avenue P. O. Box 51370 00200 Nairobi Tel 020 444 3161, 0738 851 375, 0722 789 495
No doubt there has been a major boom in the Real Estate market in that economy, and some skeptics have called it a balloon that will soon bust. Will it? How soon? Is it still a good opportunity to pursue? Read Kiggundu’s thoughts on this. The more the global we think the better as the business arena truly makes the world a village. The internet is fast becoming an essential tool of business. To this end in Investment 101 it is all about taking the marketing of Real Estate online. Though the basics of marketing apply, there are some specific strategies you may want to engage to succeed in Marketing your Property on the internet. The year is young yet; you may be moving or planning to. House hunting in Nairobi can sometimes be a nightmare and that is putting it really mildly. Read a true life experience in Realtor Zone in which Charlene Kibenwa shares her recent experiences. This month our Legal Expert Njoroge Regeru gives information on the legal aspects of Land subdivision. As the population increases and the demand for housing rises, land subdivision is inevitable, you want to know the legal procedure of doing this. You may also have planned to replace your furniture this year. In Stylish Living this month, you will find some tips that will be helpful for you to make the right choice, after all, furniture is not something we buy often and it is therefore important to make the right decisions. Enjoy your reading, I will talk to you soon.
[The property zone][February 2012]
info@propertyzonekenya.co.ke The Property Zone is published by Property Zone Consulting Ltd. All rights reserved. The contents and opinions expressed herein are not necessarily representative of the view of the Publisher. All material published is deemed to originate from the author and publisher will not accept any liability whatsoever in respect to articles that have been sourced from contributors. The Vendors or purchasers are required to make their own judgment on the details contained in each advertisement. While every caution is taken in compiling the contents of this magazine, the publisher will not accept any liability for the effects arising thereof. No part of this publication may be reproduced in any form without written consent from Property Zone Consulting Ltd.
property
The
Everything real estate
zone
Living 16 Stylish Do-it-yourself DĂŠcor Tips on Choosing furniture
10 Investment 101
28
Legal Experts Subdividing or Partitioning of Land What You Need To Know
Online marketing for Real Estate
22 Low Hanging Fruit Real estate in Uganda
34
Realtor Zone The nightmare of House hunting in Nairobi
[The Property zone][February 2012]
+254 714 271 954, +254 734 037010 email: nawiri@propertyzonekenya.co.ke nawiri@propertyzonekenya.co.ke
[The property zone][February 2012]
[The Property zone][February 2012]
Reward yourself become the proud owner of your very own piece of Paradise.
S
unset Paradise Apartments, situated on Shanzu Serena Road in the North Coast of Mombasa on a 14 acre beautiful parcel of land, boasts of 2Br, 3Br and 4Br apartments, all masters en suite.
This lovely new development is conveniently located just 15 minutes drive from Mombasa town next to the sandy beach hotels of Pangoni, Flamingo, Dophin, Mombasa Continental and Serena . A close walking distance to Serena Beaches. All have Master en suite bedrooms, excellent interior finishes, 2 spacious balconies, high and low level kitchen cupboards, solar water heaters water backup, children’s play ground, swimming pool, gym, club house, jogging track, nursery school, business centre, fish pond relaxing areas. Within close proximity are conveniences such as Banks, pharmacy, supermarkets, schools, colleges, churches, hospitals and tourism friendly activities including deep sea diving, marine parks, dhow tips, sea food restaurants, deep sea fishing are all within the vicinity.
Looking for a joint venture? Are you a land owner? We have investors willing to enter into a joint venture arrangement for development of apartments, townhouses and offices in up and middle class market. Talk to us Nawiri Properties
Talbot Court, Suite No. 2, Westlands Avenue P.O.BOX 51370, 00200 NAIROBI, CALL: 0722 351502, 0734 037 010 EMAIL:michael@propertyzonekenya.co.ke [The property zone][February 2012]
[The Property zone][February 2012]
INVESTMENT
101
Online marketing for Real Estate The future of business is online, and so should the marketing of your Real estate business By Tina Muthoka
T
hat the future of business is online is no longer a matter for much debate. If you are going to be successful in the Marketing of Real Estate, then it is imperative that you have a good web presence. At the click of a mouse potential clients must be able to access up-to-date information on the property you have on offer. If you’re not using the internet to market your
services, then you are definately missing out on expanded opportunities. Using the internet to promote your business will help you make the most out of your marketing efforts. In this article we shall explore various key points to consider as you set up your web presence. The basic rules of marketing apply. From the onset, your strategy must answer the following simple questions:
10 [The property zone][February 2012]
Who is your customer? You must have specific target market if your marketing campaign is to be successful. The specific action taken will depend on the targeted age bracket, location, or particular property categories. So what is he or she specifically looking for? You must know their problems or desires. You must be in their shoes and find out what is that would make them feel better (an
INVESTMENT
101
offer). Only when you address specific needs do you attract faithful clientele. What is your offer? Why should they buy from you? What makes your product better than the rest? Why should they trust you? Are you offering your own or someone else’s product? (Are you an agent or a landlord?) How will you create an irresistible offer so they beg you to sell it to them? These are questions that any marketing effort must address. Now follows some pointers on how to succeed in the marketing of Real Estate on the Internet. Contrary to popular belief, a website does not need to have cost a fortune in order to be successful in marketing. Even a blog that has been designed from a free template online could out-perform a professionally designed website if marketed correctly.
1
Develop a winning website.
The first step will be to develop a good website. As already stated, this need not be an expensive affair. There are low cost templates available to get you started with a simple 5 or 10 page website so that you have an online presence. Provide value through your website to the type of people you would like to become clients. In other words, give your target market a reason to come to your website. Set up a resource center for your area of specialty to build your reputation and draw traffic for your products and services. You don’t have to be a tech guru or web designer to get your own website set up for very little money. There are many, many tools online that will help you
establish your online presence – and many of these tools are free. A simple search for ‘create a website’ or ‘build a website’ will give you many options for how to get started. I have said this over and over; don’t wait to become good before you get started. Don’t wait until you can do a great website, start now and improve as you go along.
2
Get the right domain name
Choose a domain name that’s easy for people to remember and spell. The domain name should be something that identifies what you offer and were you offer it. Good examples would be something like affordable-housein-Nairobi.com, Kileleshwaapartments. com, plotsforsale.com These are self explanatory. Think what you are offering, why anyone wants to come to you, take down the key words, that specify the item and the location and you have the
ideal domain name. Under no circumstances should the domain be your own name unless you are an authority in the field and someone may google up your name. If you are a large developer with tens of projects already completed under your name, by all means use this name as there will be specific takers who will want to know what your next project is.
3
Promote your website No website will be any use unless you draw visitors to it. Promotion of your website is the biggest part of online marketing. Write your home page copy so that it’s about your potential clients, not about you. Put yourself in the place of the potential client and offer the kind of information he is looking for and addresses the problems and challenges they have and the solutions your services can provide. Have attention getting headlines that sell on each page, and invite people to contact you or sign up
[The Property zone][February 2012] 11
INVESTMENT
101
for your newsletter. Determine two or three main keywords for each page that your ideal client would search on to find you, and use these words several times in the page body copy so the search engines can easily find you.
4
Publish a regular email newsletter This is the best way to promote your website and one of the easiest ways to expand your reputation and increase referrals. Send this regularly to a growing number of contacts, keeping referrals in your database.
People will receive many messages from you over time, and they will start to trust your expertise and style and will hire you and buy your products and services without you having to put a lot of effort into selling. Of course you will need to ensure that the material you write is accurate and current. An email newsletter is a proven way to automatically bring people to your website where they can hire you or order something from you. It’s a great way to expand your visibility and build your list. You can write your own newsletter, whether it is daily, weekly or monthly; or if you are pressed for time, send out a quote or a tips list, or use a professional writer - purchase a pre-written newsletter in your area of specialty. Inject your own personality into the newsletter so your readers will come to identify with you as the time goes. It would be a good idea to encourage the readers to forward this and with time, keep a growing mailing list of the recipients. Remember every issue must have a link that sends the reader to your site.
5 6 7 8 9
Keep it current Fresh information on your site will be welcome by your audience and also raises your website’s visibility with the search engines. We shall discuss other ways to ensure your name is high on the search engine list, but the first of these is the ‘freshness’ of the information on is so upload fresh content as often as possible. Links Look for websites that are local and related to real estate (like construction firms, architects, landscaping, etc) and reach out to them to see if they will consider adding you as a resource. The more in-depth your content the better the chances are that they will take the time to link to you. Getting other websites to link to your website will help you to rise to the top of the search engines. It takes some effort but the rewards will be huge. Contact information On every page of your website there must be details of how to get in touch with you. There are two ways to do this. You can put in a form to fill in the name, contact and comments; or alternatively you could just put your put down your email and telephone contact. I recommend you do both. Call to action Don’t just give information; ask for an action to be taken. Collect contact information from the visitors. For example have something like, click here for more details, or click of virtual tour, subscribe to our free newsletter. Last but not least:
Be persistent. It will be a while before you see the results of all your effort. Internet marketing is not a short term strategy for instant results. It is something that you will do on a regular basis using a variety of techniques. Competition on the Web is getting very tough with millions of websites competing for visitors and sales. Besides your website the social media is a tool you will want to use. Twitter, facebook, skype, are all sites that will do a great deal to keep you in touch with your market as well as afford you global presence.
12 [The property zone][February 2012]
COMMERCIAL PROPERTY FOR SALE
MOKE GARDENS
WESTLANDS Along Waiyaki Way
5 bedroom double storey 3 en suite shared garden, parking spacious living and dining room appr. 4000 sq. ft. change-of-user to commercial use already done.
Kshs. 40m CALL: 0714 274 954, 0734 037 010 email: nawiri@propertyzonekenya.co.ke
Stay up to 12 months as you raise deposit. •4 bdroomed maisonette built on 1/8th acre •Controlled development •Located in Lukenya near Daystar University Athi River Campus •Price on offer Kshs 8.5 m. Cash discount up to Kshs 500,000.00 •Mortgage Finance available subject to terms and conditions •Offer valid while stocks last Contact: Tel. +254 721 922 896; +254 722 224 277; +254 734 836 638
Brookside Grove, Westlands, • A stunning concept in modern living, 2 bedroom both en suite, basking within a treed natural environ in a highly sought after location • A plinth area of 1350 sq. foot • Open plan lounge and kitchen, large balcony, dhobi (wet) area, built in dining table, elevator, back-up generator, borehole with filtered water, 100,000 litre backup water tanks, full security alarm fitted in each apartment, pergola and outdoor sitting area, common gardens and cabro paved driveways • Located on ‘Blue Zone’ recommended housing area for UN Staff. • Satellite TV aerials installed (DSTV & ZUKU) • Stone walled boundary with razor wire and electric fence.
Sale – Ksh
s. 19M r nished K shs. 90K Fully Fur n ished Ksh s. 130K
Rent: Unfu
CALL: 0714 274 954, 0734 037 010 email: nawiri@propertyzonekenya.co.ke
www.propertyzonekenya.co.ke [The Property zone][February 2012] 13
Home made jokes Generous lawyer A local charitable organisation’s office realized that the organization had never received a donation from the town’s most successful lawyer. The person in charge of contributions called him to persuade him to contribute. “Our research shows that out of a yearly income of at least Kshs. 10 million, you give not a penny to charity. Wouldn’t you like to give back to the community in some way?” The lawyer mulled this over for a moment and replied, “First, did your research also show that my mother is dying after a long illness, and has medical bills that are several times her annual income?” Embarrassed, the caller mumbled, “Um ... no.” The lawyer interrupts, “or that my brother, a war veteran, is blind and confined to a wheelchair?” The stricken caller began to stammer out an apology, but was interrupted again. “Or that my sister’s husband died in a traffic accident,” the lawyer’s voice rising in indignation, “leaving her penniless with three children?!” The humiliated caller, completely beaten, said simply, “I had no idea...” On a roll, the lawyer cut him off once again, “So if I don’t give any money to them, why should I give any to you?”
Wasn’t Thinking The police responded to an alarm at an elementary school. They responded in time to see a suspect running through the cafeteria and out the back door. They were not able to catch him. But when he ran out, the suspect dropped his cell phone. The police picked up the phone, searched thought the list of contacts and called one labeled “Ma.” Ma gave the police her son’s name.
Together through it all Susie’s husband had been slipping in and out of a coma for several months. Things looked grim, but she was by his bedside every single day. One day as he slipped back into consciousness, he motioned for her to come close to him. She pulled the chair close to the bed and leaned her ear close to be able to hear him. “You know” he whispered, his eyes filling with tears, “you have been with me through all the bad times. When I got fired, you stuck right beside me. When my business went under, there you were. When we lost the house, you were there. When I got shot, you stuck with me. When my health started failing, you were still by my side. “And you know what?” “What, dear?” she asked gently, smiling to herself. “I think you’re bad luck.”
14 [The property zone][February 2012]
To advertise HERE, Please call 020 444 3161 email
info@propertyzonekenya.co.ke
The
property Everything real estate
zone
Find us online
www.propertyzonekenya.co.ke
Everything real estate
HOUSE FOR SALE
Lovely home for sale in serene neighbourhood of Kinoo a comutable distance from the city. Has 4 spacious bedrooms,, master en suite. internal garage and is on 1/8 acre mature garden.
Price Kshs. 13M Nawiri Properties Talbot Court, Suite No. 2, Westlands Avenue P.O.BOX 51370, 00200 NAIROBI, Tel: 0722 351502 EMAIL: nawiri@propertyzonekenya.co.ke
Nawiri Properties Talbot Court, Suite No. 2, Westlands Avenue P.O.BOX 51370, 00200 NAIROBI, Tel: 0714 274 954 EMAIL: nawiri@propertyzonekenya.co.ke
[The Property zone][February 2012] 15
Stylish LIVING
Do-it-yourself Décor Tips on Choosing furniture By PZ WRITER
P
rofessional Interior décor is nothing more than a fancy thought for the majority of homemakers. Our home and the décor in it likely will be a one-day-at-atime project. The biggest part of décor is the furniture in each room and furniture is not something we replace too often. It is therefore a good idea to choose it right, both to be sure to get the best deal and to also buy something that gives the most beautiful result.
For a ‘professional’ look I would advice going with a particular theme as you decorate each room. You could decide to go with Antique and pick items over time that set the room apart as really authentic. Or you could pick no more than two colours and use these throughout your home. An African theme could also be used where items are picked and accessorized to give the African look and finish.
16 [The property zone][February 2012]
Let us go through each room and see just how to make the choice of furniture.
The living room
This is the most used room in the house. Some homes will have a family room which is often used much more than the formal living room usually reserved for guests and formal family gatherings. But the furnishing of either room is usually the same principles.
Stylish
LIVING
Choosing the style and size you like now will matter years from now, long after you’ve forgotten the price
The most dominant item of furniture here is obviously the sofa. The choice of this will depend on the size of family and the age of the children. If there are toddlers in the home, you may want to go with darker colours that don’t stain easily and which are easy to clean. I would advice to steer clear of suede. Leather may be the best finish for the ease of cleaning. This is clearly not the time to have elegant white sofas not matter how much you may love them. They would just require too much maintenance. With teens in the house, you may want to go with hard wearing trampoline-like quality may be your best bet. Be sure to buy the best quality you can afford as a new sofa is expected to last at least 10 years. Make sure that the frame is solid and does not wobble or creak. It should
sit squarely on the floor. Be sure that if it is a reclining sofa, the mechanism works smoothly and noiselessly. There should be no bumps or hard spots on the back. Run the palm of your hand over it. Cushions must be firm and resilient and fit snugly. They should regain their shape after you press down and let go. If there
are any buttons, check to see they are sewn on securely. Seats should be comfortable, and for reclining furniture, be comfortable in all positions. The arms should not jiggle or move, and if upholstered, be well padded. Let your sofa be one that ‘invites’ people to sit on it rather than look all dressy and ‘untouched’. Colors can be equally inviting. When choosing a sofa, the wall colors, the color of the other furniture, and most importantly, the color and design of the rug that sits directly in front of the sofa, should be considered. Corner Sofas are ideal where space is an issue. They take much less space and look modern and cozy. Then there will be the tables and choices here will be between glass and solid wood and here too the family is the first consideration. There is also the overall effect that you desire. Accessories such as wall hangings paintings and other art, and rugs and carpets are all going to be chosen based on the bigger pieces of furniture to finish the desired look and effect. Gather together a collection of pillows, fabrics,
[The Property zone][February 2012] 17
Stylish
LIVING
A chest of drawers is an essential piece of furniture if you are ever to achieve a cluster-free environment and accessories that harmonize with your anchor color. Buy lamps, vases, side chairs, and pillows in pairs. They’ll add symmetry and continuity to a room
The dining room
Dining room furniture says a great deal about you, your family and your lifestyle. When the dining room feels comfortable, looks stylish and accommodates all your guests, every meal you eat there will feel like a celebration. Chances are the dining room furniture you buy now will be the furniture you will have for many years to come. Knowing a few key facts will help you shop intelligently and purchase dining furniture that will meet your needs and last for years. Be sure the size of table allows you to comfortably walk around the room. If you go with a wooden table, the wood must be solid and require only the occasional
18 [The property zone][February 2012]
polish. Glass tops may not scratch but need more careful cleaning as finger prints show more easily. The shape of the table will mainly depend on the size of the room, as well as your lifesyle. A round dining room table is the most space-efficient shape possible. It is also the least formal. You should consider choosing a round table if you have a smaller dining room. Similar to a round table, a square dining room table creates a bit more formal atmosphere but sacrifices the use of extra space in the room. A moderately-sized, square dining room best accommodates this shape. Not entirely casual, but not entirely formal either, couples who like to entertain their coupled friends may find this table ideal. The chairs should be matching and
comfortable (most commonly these are sold as a set), with a style that enhances the overall theme. They should be light to pull out especially by the children Wood dining sets are often the most expensive, but they are quite durable and beautiful. Remember that you will probably have your dining room furniture for many years. Choosing the style and size you like now will matter years from now, long after you’ve forgotten the price. You will want to include other furniture in the room will make it feel complete. Bar furniture, china cabinets and wine racks are decorative and functional. Buffet tables give you space to serve dishes and store table linens.
Bedrooms
Stylish
LIVING
When it comes to bedrooms it is considered to be a place of rest and privacy. While the living and dining rooms were the domain of others, family and guests included, here is the place where your comfort and preference is the first consideration. Thus, it’s important to spend some time decorating your bedroom with the furniture and things important to you. Choose furniture that will help you unwind. You can get a quaint and cozy bedroom sofa which will allow you to crash out after a long day. Make sure you choose the mattress that is right for you, if you are tall get a firmer mattress and if short get a more flexible one. Special purpose built mattresses are now widely available for those with back and neck problems as well as the popular memory foam mattresses. Try to buy furniture that meets the image you have in your mind. Don’t necessarily get it all in one go. It may be more useful long term to buy one piece of furniture at a time. Remember to keep it simple. The bed is obviously the first purchase and it should be the most solid item you buy, it is not often replaced. The colours you pick must be mild to enhance rest and relaxation. Keep accessories to a minimum, do not overload the room or it will appear
cluttered.
Children’s Bedrooms
The best tip on children’s bedrooms is simple – involve them. While working within the confines of safety and the budget available, the best consideration to make when choosing the furniture for the children is what they like the best. The best furniture of course is made to last, but it is always a good idea to allow their imagination to sway the choice. Now whichever room we consider there is one item that will always be included to achieve a non-cluster environment and that is:
Keep accessories to a minimum, do not overload the room or it will appear cluttered. The chest of drawers
In the Living Room or Family Room it may be useful to serve as a divider for a room. The top offers more space than a traditional table top and the drawers offer storage for coasters, decks of cards, TV remote controls, or small items that just don’t have any other home
The drawers will be great for office and mailing supplies, computer paper, and note cards and stationery and is the perfect place to store hobby supplies, such as puzzles, games, collections, sewing supplies, needlework books, model parts, or CDs. In the Bedroom a Chest of drawers is ideal to store clothes not appropriate for hanging. Folded sweaters, socks, underwear, t-shirts, and socks are right at home. If you’re lucky enough to have a large bedroom walk-in closet, place a chest of drawers inside the closet and store loads of small things there, out of sight. If the ceiling is high enough, you will still be able to hang things above the chest In a Child’s Room or Nursery you will always want to have a place to store your child’s toys, store books and art supplies. When there’s a place for everything the room will stay neater. The toys are handy whenever they need them. When you’re arranging furniture, try to think ‘outside the box’. Keep in mind that there are no rules except those you create and the best style is the one you like the most. After all this is your home.
[The Property zone][February 2012] 19
BOOTSIE ENTERPRISES Real Estate & Managing Agents
N
GTO VIN IRY A L QU ESAL ON EN R FO RICE P
Other properties for sale 1.Kileleshwa 4 Br Maisonette. American Kitchen SQ Kshs. 24m 2.South C 3 Br. Maisonette Kshs. 11m 3.Garden Estate ½ Acre Kshs. 14.5m 4.Gigiri 0.8acre Kshs. 85m 5.Ongata Rongai block of Flats with 250k monthly Income Kshs. 28m 6.Ongata Rongai commercial plots 1/8 acre Kshs. 4m 7.Muthaiga North 3 Br Maisonette 2 DSQ Kshs. 18m 8.Mtwapa 1/8 acre plots 2km from Mtwapa town Kshs. 950k 9.Naivasha 9.5 acres near Delemare Kshs. 5m 10.Makuyu 33 acres agricultural land Kshs. 66m Narshi House Moktar Daddah St. Opp. Jivanjee Garden. 1st Floor Suite 2, P.O.Box The Property Zone00100-27559 July 2011 20 Tel: 2213810 Fax: 250424, Cell: 0722-899288/ 0733-233995 Email: tbootsie2004@yahoo.com
TO ADVERTISE HERE PLEASE CALL
020 4443161
For sale Situated just Off Naivasha Road and near ILRI •4 bedroom Maisonette wih two en suite. •Only few in a compound each with a separate gate. •Ample parking
Kshs. 11 m
Nawiri Properties
Talbot Court, Suite No. 2, Westlands Avenue P.O.BOX 51370, 00200 NAIROBI, CALL: 0714 274 954, 0734 037 010 EMAIL:michael@propertyzonekenya.co.ke 20 [The property zone][February 2012]
www.greenzone.co.ke info@greenzone.co.ke
TO LET
FOR SALE RAHMA GARDESNS - Hurlinggham
Upper Hill Malborough Properties 2 and 3 Bedroom fully furnished Apartments (3 bedroom penthouse) All bedrooms en suite with excellent finishes Compound has ample parking, swimming pool and spa, supermarket and gym. Kshs. 200K per month Prime plots in Syokimau 2.5km from JKIA Resort club entrance just before Mwananchi Rd , Behind the Chief’s Camp.
A lovely new development comprising of 4 bedroom apartments & 5 bedroom penthouses. Set on well landscaped gardens and beautifully finished with all bedrooms en suites, high quality internal and external fittings including UPVC window frames, fitted kitchen with granite work tops, cooker, hood & oven, imported sanitary ware & fittings,elevator on each block, basement parking . Solid mahogany doors, intercom, electric fencing, security grills on all external windows. Other amenities to include swimming pool, gym with changig facilities, standby generator, borehole, underground water tanks with automatically controlled pumps & switches, staff quaters attached to each unit, internet ready, centralized TV cabling in place, cabro paved driveway with ample parking. only few units remaining.
FOR SALE
BUSTANI VILLAS 2 beautiful villas in Syokimau opposite KAPA OIL set on serene surroundings with lovely gardens spacious living room with separate dinning area. Large tastefully done kitchen 3bedrooms with master en suite Common cloak room for the two rooms with modern fittings. Extra bathroom facilites to serve living room area. Domestic servants’ quaters To let Kshs. 35,000/-
Parklands - City Park
3 bedroom Apartment with master en suite. Large airy living room, dining area, fitted kitchen and laundry. Has DSQ an extra guest cloakroom
Price KSH 16.5M
[The Property zone][February 2012] 21
low hanging
Fruit
Real estate in Uganda A bubble or a Real Investment Opportunity? By Augustine Kiggundu
O
ver the past 20 years the value of the Real Estate in Uganda, in fact in the region, has grown steadily and this trend is expected to remain so for the foreseeable future. Uganda Real Estate is one of those safe investment opportunities you should consider. Yet it is still considered by many as a bubble, one that is about to burst, translated as a reduction in the prices of houses which tends to drastically reduce the investments in properties. So how long will this Real Estate bubble last? I don’t know. But my guess is that it can last long enough for you to start and operate a profitable Real Estates Business in Uganda.
group or clique of buyers or those with the Are we really going through a bubble at the financial muscle to buy up what is offered moment that is about to burst? I would say on the market, and they usually dictate no, why? Because this has been the state the prices because the majority of buyers of play of the Uganda Real Estate market are buying more out of compulsion than over the past 10 years, and if it is indeed a choice. bubble burst The main in the making, reason that How long will this Real Estate then it is the realbubble last? I don’t know. But going to be estate bubble a very tough Uganda my guess is that it can last long in and robust is unlikely to enough for you to start and one, because experience a the bubble in the operate a profitable Real Estates crash has certainly near future is lasted for a the steady rise Business in Uganda. decade now! in population I also believe and the that our Real Estate market usually sustained economic growth which have corrects itself because there is a certain contributed a lot to the increase in the
22 [The property zone][February 2012]
low hanging
Fruit
prices of houses. The rise in prices is based on the demand for housing. Therefore when valuations and prices of houses are high, then there is a boom in the real Property market and when prices start falling then the bubble has burst. In other words a bubble burst can mean recession. Consequences that characterize a bubble burst are so outwardly expressed, a burst may be followed by decreases in house prices that result in many home owners finding themselves in a position of negative equity—a mortgage debt higher than the value of the property. Notably, the underlying causes of the housing bubble are complex and some of the factors include tax policy (exemption of housing from capital gains), historically low interest rates, lax lending standards,
failure of regulators to intervene, and speculative fever—which is affects demand.
be prevented with government and central bank policy rather cleaning up after the bubble bursts.
The real estate market being Arguments that may prove otherwise of a less liquid than the stock market, real estate bubble in Uganda include; a crash in the real estate market (especially the residential market) is In Uganda a high average prime lending of usually a slower process. In other words 28% for most commercial banks is rhetoric real estate in favoring the bubbles take argument that The increase in the prices of longer to Uganda could deflate, in that building materials has however be experiencing prices decline a Real Estate increased the value slower because bubble that is the real estate about to burst of properties retrospectively market is highly since, a rise in to concur with the prevailing less liquid. interest rates W i t h i n and a tightening economic times mainstream of credit economics, it standards can is interestingly lessen demand, argued that real estate bubbles cannot causing a housing bubble to burst, be identified as they occur, with some however property owners in Uganda arguing that they are identified from from previous trends as observed will use bubble bursts hence cannot or should not the opportunity and there will be a lot of
[The Property zone][February 2012] 23
low hanging
Fruit
I would strongly advise consultancy with a well established Property Consultant before rushing to make hazard decisions that this will be corrected in the near houses repossessed or being offloaded which future as it uses its monetary policies to will correct these superficially anticipated low avert the economic repercussions. prices. The increase in the prices of building materials has however increased the It’s visibly observed that for first-time buyers values of properties retrospectively to without existing home equity, if the down concur with the prevailing economic payment on houses is too high then those times. buyers may find themselves “priced out” of the market. In the case of Uganda, for example, for a USD 89,000 Kensington Luxury Heights Unit, a down payment of USD 13,350 is required representing a 15% level on down payment while for a USD 169,500 Royal Palms Unit in Butabika a down payment of 30% is required, this tends to scares first time buyers and with a high interest rate the first time buyers are discouraged from borrowing hence having a responsive effect on the house prices. However if the down payment on a house is reduced, this tends to attract them to buy the houses on the market. Similarly, lending institutions have been often times accused of “property meddling” however a tight shred of cohesion exists between the institutions and real estate and in sight of this, taking an example of DFCU bank, for a client to obtain a salary loan he must part with 30% of the monthly pay, this however is mainly associated with a high level of uncertainty in the employment sector. The job market in Uganda is so poor that people are not always sure of their job security. This is evidenced by the current level of unemployment which is at 83% however the government plan to increase the number of job opportunities renders a smile to the property owners. Therefore the high affordability index is not a real indicator of housing price changes. The current real estate investments are being threatened and discouraged by the escalating prices of building materials such as cement, metal, timber and bricks among others however the volatile trend started a few months back and is hinged on the depreciation of the Uganda Shilling against other major trading currencies especially the dollar however the central bank anticipates
24 [The property zone][February 2012]
In conclusion, however, one has got to thoroughly analyze their intended investment in a particular property especially in terms of location, size and stated value; and I would advise consultancy with a well established property consultant before rushing to make up hazard decisions. Augustine Kiggundu - fishnex01@yahoo.com
Halcyon Properties Limited Tel: 0723-775730/ 0732-727196/ 0750-798076
Parklands 4 bedrooms Kshs. 26m
Apartment for Sale Brookside Drive
3 bedroom apartment to be sold with high class furniture. 2100 sq feet
Kshs. 21m.
Plots Hurlingham
0.6 acres commercial plot
Kshs. 125m
Riverside
1 acre
Kshs. 170m
Gigiri
1/2 acre
Kshs. 45m
Diani
3 acres beach plot
Kshs. 60m
Massionattes
Westlands
4 bedrooms
Nyari
6 bedroom 9600 sq feet all en suite 4 servants quarter swimming pool gazebo 4 car park. On 0.70 acres
Nyari
6 bedroom 9600 sq feet all en suite 4 servants quarter swiimming pool gazebo 4 car park.0.90 acres
Lavington
6 bedroom mansion with 4 dsq swimming pool, tennis court on 1 acre
Ambassadorial Mansions
Kshs. 27m
$1.5m
$1.6m Kshs.130m
We also do long term leasing of furniture and appliances. [Theall Property zone][February 2012] 25
Urban Haul Movers
UHM is a professional moving and Storage Company registered in Kenya. The company has highly qualified professional with 15 years experience in this industry.
We ensure that our services to our clients are to their satisfaction. Our approach is to treat every organization regardless of how complex it is with the same special treatment.
Our Vision
To be the provider of choice for innovative and quality moving solution in Africa
Our Mission
To provide moving and storage solution that makes a difference
Residential moving
Moving represents a significant change in your life. The help and guidance of experienced UHM staff is essential during this transition. Moves are milestones in one’s life. From getting married and moving in with your partner, then to improved income and children and you have to move to larger residence. The children finally grow up and move out and you no longer need such a large house and so you move again. Moving is simply part of the cycle of life But the stress of the planning and the physical exertion of the move is taxing on the mind and the body. By delegating the move to professional movers such as UHM, you are freed to spend the time and energy acclimatizing you and your family to the new environment. UHM is a one stop shop for storage, packing, transportation and total support. We believe in integrity and hard work with utmost professionalism and will respond quickly to your enquiries.
Corporate relocation
Put the burden on our shoulders. What seems difficult to you is what we do every day. Our company has an excellent reputation in corporate relocation (references available). We are equipped to handle any type of commercial or business move. UHM Vanlines will provide packing services, and / or materials and advice for doing your own packing. Our office furniture movers know that you move is as unique as your company and
26 [The property zone][February 2012]
will be prepared to accommodate your special needs. Request a quote and our moving estimator will visit and assess your premises as well as listen to your specific requirements. We will then make a personalized moving plan ahead of time so that your day of moving will go off without a hitch
Overseas Moving
We have a large network of moving agents in UK, USA, Sweden, Italy, Belgium and South Africa to facilitate our services. We ensure that our clients’ needs are met, regardless of the origin and destination address. UHM takes the responsibility to ensure not only the condition of your household goods but also handles customs, overseas shipping schedules and the complex logistics of an overseas move.
Storage and warehousing
UHM Vanlines provides secure storage for short and long term. Our modern storage and warehousing facilities are secured with 24/7 alarm backup and night dog patrols and insurance cover. The warehouses are well ventilated for safe long term storage and we wrap furniture to protect from dust.
Packing
A well packed home can be moved safely and efficiently. If you choose to pack yourself, we provide the packing materials you need including small, medium and large packing boxes, dish packs, special boxes for pictures and lamps, packing tape, packing paper and bubble wrap. For smaller homes and offices packing can be done on the day of the move. When you employ our packing service, we guarantee your complete satisfaction.
Liability
Items of extraordinary value such as antiques, items of art, silver articles, must be listed and valued. We must be given adequate opportunity prior to pick up to arrange for safety of such items. We recommend that cash, jewelry and personal valuables be carried by the shipper.
Head Office Mandev complex Warehouse B P. o. BOX 63218 – 00619 NAIROBI Tel 020-2033825, 0775274150/1/2 Email: info@uhaulkenya.co.ke
[The Property zone][February 2012] 27
ASK OUR LEGAL
EXPERT
Subdividing or Partitioning of Land What You Need To Know “Land is necessary to all production, no matter what be the kind or form; land is the standing-place, the workshop, the storehouse of labor; it is to the human being the only means by which he can obtain access to the material universe or utilize its powers. Without land man cannot exist. To whom the ownership of land is given, to him is given the virtual ownership of the men who must live upon it.” (Henry George- 1881)
By Njoroge Regeru
Introduction
are duly observed and complied with.
emand for land ownership in Kenya is ever increasing. Due to the increasing growth in population, access to ownership of land is becoming limited by the day. Large chunks of land have now become the subject of land subdivision. For as long as the supply of land remains static whilst the demand for the same balloons with every passing year, subdivision of the available land is here to stay. Hence, there is need to ensure that all legal requirements pertaining thereto
Definition
D
Subdivision is the process by which land is divided into two or more plots, sites, or other divisions of land for the purpose, whether immediate or future, of sale or of building development. Subdivision is defined under Section 3 of the Physical Planning Act (PPA) Cap 286 Laws of Kenya as:“…the division of any land, other than buildings held under single ownership, into
28 [The property zone][February 2012]
two or more parts whether the subdivision is by conveyance, transfer or partition or for the purpose of sale, gift, lease or any other purpose. ” The idea behind subdivision is that each plot or block of land that results is registered with a separate title. Subdivision can either be illegal or legal. Illegal subdivision occurs when the division of a tract of land into smaller parcels is in violation of well laid laws and regulations. On the other hand, legal subdivision is done in accordance with the legally recognized and approved subdivision methods.
ASK OUR LEGAL
EXPERT
Why is Subdivision Necessary? The main aim of subdivision is to allow more individuals to own parcels of land once a large piece of land has been subdivided. It is considered as one of the land development processes in that it releases land into the market giving other individuals an opportunity to acquire part of the subdivided land. The resultant effect is that a greater number of persons can acquire land that was once owned by a single entity. At the same time, subdivisions raise revenue for the government and property owners.
be made to the City Planning Department at the City Council of Nairobi. This form, called PPA 1, must be submitted by a registered Physical Planner. The proposed subdivision and Land Use Plans duly signed by a physical planner, a land surveyor and the owner must be submitted to the local authority. Such a plan must show particulars and purpose of development, the means of access and open spaces within the scheme. Such an application must be accompanied
by a copy of the owner’s title and evidence of payment of all outstanding rates. Internal circulation is done to various departments such as roads, rates, public health and water and sewerage. If the application is acceptable, the same is approved subject to certain conditions such as provision of water to the subplots, construction of roads, drains, sewer and street lighting to adoptive/non-adoptive standards and surrender of land required for public utilities to the government free of charge.
Subdivisions in many situations also contribute towards improvement of infrastructure such as road networks, sewerage and drains, street lighting, social amenities amongst others. When legal subdivision of land takes place, it acts as a deterrent to the emerging informal land markets which may lead to abuse of local physical development plans.
The Process of Land Subdivision in Kenya The process of land subdivision in Kenya is guided by the PPA and the Physical Planning (Subdivision) Regulations 1998. With regard to subdivision of agricultural land, section 6 of the Land Control Act Cap 302 Laws of Kenya makes the process of subdivision of agricultural land a ‘controlled transaction’ which requires the consent of the appropriate Land Control Board. The PPA charges the process of subdivision of land to three institutions through the following processes: a) City / Local Planning Department No private land within the area of authority of a local authority may be subdivided except in accordance with the requirements of a local physical development plan approved in relation to that area. An applicant for a subdivision is therefore required to lodge a Development Application with the local authority within whose jurisdiction the property falls in the form prescribed in the fourth schedule of the PPA. For example if the property is situate in Nairobi, an application should
[The Property zone][February 2012] 29
ASK OUR LEGAL
EXPERT
If in the opinion of the local authority an application in respect of the subdivision has significant impact on adjacent land or does not conform to any conditions registered against the Title Deed of the Property, the local authority has to publish a notice of the application in the Gazette or such other manner as it may deem expedient. The local authority should in such circumstances also serve notices to the occupier of the adjacent property to which the application relates and such other persons as the local authority may deem fit. If there are any objections, the local authority hears the same and also affords the applicant of the subdivision a right to be heard. The authority thereafter may approve the application with or without such modifications and subject to such conditions as it may deem fit or refuse to approve the application. Communication is done to the applicant where the application is rejected giving reasons for the rejection. The PPA provides a procedure for appeal to any person aggrieved by the decision of the local authority. b) The Department of Lands Where the application is approved, the approved scheme is forwarded to Commissioner of Lands. The Commissioner of Lands forwards the same proposal to the Directors of Physical Planning and
Surveys r e s p e c t i v e l y, for their comments before approval is accorded. If the comments are favourable, the Commissioner accords provisional approval subject to conditions given by local authority and/or others he may deem fit. The provisional approval acts as an authority for the owner to engage a surveyor to carry out the cadastral survey works in relation to the development proposal. The approval also acts as a request to the local authority to accord final approval to the development proposal if all the conditions have been complied with. c) The Department of Survey The Survey work results into deed plans in the case of subdivision or a single deed plan in the case of other development applications like change of user and extension of lease. Deed plans are the output in the surveying process where the land is registered under Registration of Titles Act (Cap 281) Laws of Kenya (RTA). However, under the Registered Land Act
facilitate the registration of the resultant titles or title as the old title is surrendered in exchange of the new title(s). d) Issuance of Title This is the last stage of a land subdivision process in Kenya. In cases of subdivision without change of user, Certificate of Titles are issued as stipulated under section 70 of the RTA or issuance of new Certificates of Lease/Title Deeds through the process of surrender and re-grant is done if the property falls under RLA. In conclusion, it is worth noting that the whole process of processing the Development Application before the local authority, the approval by the Commissioner of Lands, the cadastral survey approval by the Director of Surveys and the issuance of title takes time. However, it is important that all stages are followed and all conditions are adhered to protect one’s interests in a subdivision.
(Cap 300) Laws of Kenya (RLA), the Mutation Form which amends the Registry Index Map is the product of the cadastral survey process. These documents DISCLAIMER
This article is not a substitute to obtaining Legal Advice and is not intended to constitute any form of legal advice to any party on any issue. No reliance whatsoever should therefore be placed solely on any of the contents of this Article in undertaking any transaction and the authors of the Article neither assume nor accept any responsibility whatsoever for such reliance. Readers should take specific advice from a qualified professional when dealing with specific situations. CONTACT DETAILS Njoroge Regeru & Company Advocates Arbor House, Arboretum Drive P.O. Box 46971 – 00100, Nairobi, Kenya Tel: (254) (020) 2718482/3/4, Cell: 0722 206 884, 0733 608 141 Email: info@njorogeregeru.com, Website: www.njorogeregeru.com
30 [The property zone][February 2012]
LAVINGTON, NJUMBI RD
[The Property zone][February 2012] 31
Attention!!
Property Sellers azine g a M E N O Z Y T R E P O THE PR 25,000 people st a le t a y b ly th n o m d a is re over 250 in th n o m ch ea d te u ib It is distr me in so d n a y, tr n u co e th er v outlets all o Uganda and Rwanda is in ty er p ro P r u o y e n zi a g a Does the m not you may If t? a th e k li g in th y n a have want to call us. Call
020 444 3161
9 8 7 2 2 7 0 , 5 7 3 1 5 8 0738
495
email:info@propertyzonekenya.co.ke
32 [The property zone][February 2012]
To let 1. 2. 3. 4. 5. 6. 7. 8.
Yaya: 3br apartment fully furnished with gym, pool @180k Yaya: 2br apartment, fully furnished, garden, gym & pool@100k Lavington: 3br + sq apt. Fully furnished @ 135k Loresho: 4 br + sq on 1 acre garden @150k Westlands: 3br fully furnished @140k Westlands: 5br + sq villa @170k Kileleshwa 2br apartment @ 65k Valley Arcade 3br apartment fully furnished @ 120k
Plots for sale 1. 2. 3. 4.
Langata: 2prime plots @4.5m each South C: prime plot@4.5m Syokimau: 50 x 100 plot @ 1.8m Villa Franca: 1 acre plot @25m
Houses for sale 1. 2. 3. 4. 5. 6.
Kitengela 3br bungalow @ 5.5m near epz South B Balozi estate: 4br + sq @14m South B River Bank estate: 3br + sq @ 9m South C United estate: corner house @ 11.5m Villa Franca 2br flat@ 4.8m Valley Arcade: 3br apartment +sq @ 14m
KITENGELA @5.5M
SOUTH C @4.5M
SYOKIMAU@1.8M
“EMPHASIZE QUALITY� [The Property zone][February 2012] 33
REALTOR ZONE
The nightmare of House hunting in Nairobi a personal experience Door to door house hunting is not for the faint hearted. It is extremely exhausting and requires someone to have a lot of time on their hands
By Charlene Kibenwa
I
f you need to move houses any time soon – all the best! . The past couple of months have taught me that this is not a luxury reserved for the few that have wads of cash ready to splurge on the house of their dreams. I have come to find out that there is something out there for everyone.
However I have to say that it is quite a different kettle of fish for someone with a somehow limited budget. House hunting has many sides to it that most people only come to find out as soon as they look for a house. There are of course many factors to consider such as rent, security, proximity to place of work and a lot more besides. Meet the Real Estate Agent An agent is probably the best (and the worst) thing that can happen to a person who is looking for a place to stay. They are brutally honest and can come off somehow
34 [The property zone][February 2012]
REALTOR ZONE
An agent is probably the best (and the worst) thing that can happen to a person who is looking for a place to stay
impersonal at times. I remember the first house that my friends and I went to look at; two bedroom apartment, one of them en suite, spacious living room impeccable finishing and a serene environment. I remember thinking, well this (experience) isn’t as bad as people say it is. That is of course until we had to meet the agents and discuss payment requirements.
puzzled me was the fact that the house had been vacant for a very long time (and still is). Of course there must be some good reasons why an agency would allow a house to remain vacant (by keeping the terms unfriendly and unreachable to the majority) when it could be raking in monthly returns on investments but those reasons are beyond me.
The rent was initially Ksh. 25,000/- and including the utility bills, I felt that we were getting a good deal considering just how lovely the house was. Naturally, I made an appointment with the said agent and here is how he broke it down for me:
My next option was to flip through the Ads section in the local dailies. This is a treasure trove for house hunters but one has to be keen on identifying the crooks from the saints. I called quite a few of those numbers and made enquiries on a few choice locations.
Two months’ deposit (Ksh. 50,000) first month’s rent which is Ksh. 25,000/-, water and electricity bill deposit Ksh. 5,000/-, agency fee of Ksh. 2000/- and garbage and security fee deposit of Ksh. 500/-. This totals to Ksh. 82,500/-. Needless to say I quickly perished the thought of moving into that house. What I had thought was a good deal had fast become way beyond my reach. What
Some agents have some rather impossible demands to meet. I remember a particular agent saying that I had to pay a 2000 shilling fee before she could show me the house (as viewing fee). What if I saw the house and hated it, I thought? That would be my two thousand shillings down the drain! Worse still she could have been a con artist out to get a quick buck on someone
else’s property and any unsuspecting potential buyer or tenant can easily fall into such a trap. The House Owner Whether it is a single house they own or a block of flats, house owners are definitely a lot more understanding than real estate agents, I suppose they have more at stake. A house owner will gladly show you around and will do it for free. I found this to be a much less complicated arrangement than meeting with an agent. The few that I was able to come into contact with were definitely more accommodating towards my budget. You can find house owners advertising in the newspapers or public notice boards as well as through word of mouth. Meeting your potential landlord also gives you the opportunity to judge for yourself the kind of person that they are as well as gathering information on his or her property. property. You can gather information about the history of the place or how they deal with property maintenance.
[The Property zone][February 2012] 35
REALTOR ZONE
Door to Door Hunting Door to door house hunting is not for the faint hearted. It is extremely exhausting and requires someone to have a lot of time on their hands. What I liked about it is that you get a feel of the place you might be moving into; who will be your new neighbours, how noisy the place is, security in the area, distance from the bus stops and shopping centres and other such details. As tiresome as it may be, it does bear good fruit. One more thing I discovered with door to door is that one is able to befriend the property caretakers and in this way you can be able to get more information out of them concerning the property as well as the neighbourhood in general. Therefore you will be able to know what kind of situation you are getting yourself into beforehand. House hunting can be a nerve-wracking experience but is also rewarding. At the end of it all you will find something you are completely comfortable with. It is important to remember that it is all about you and your needs. Do not settle for less than you want. Moving house is a big change in one’s life. My best advice would be this; have enough money saved before you decide to move out, especially if you are starting out. Moving expenses for a first-timer are large. There are numerous things to take into account: furniture, utensils, curtains‌let me not get into the details. Bottom line is, never compromise on your budget because you fall in love with a house you cannot afford. There are numerous options for house hunters. The key, as I found to be, was patience and not giving up too soon. Keep looking. You will find your dream home and at a price that suits your pocket just fine. After two months of hunting I did find a cozy apartment that I am positive I will not be moving out of soon. For those out there who are still house hunting, take heart. Once you do settle down you will realize it is all worth your while. So to each one of you looking for a place to stay, If you need to move houses any time soon – all the best!
36 [The property zone][February 2012]
Nawiri Properties, Talbot Court, Suite No. 2, Westlands Avenue, P.O.BOX 51370, 00200 NAIROBI CONTACT: 0714 274 954, 0734 037 010, EMAIL:nawiri@propertyzonekenya.co.ke
Upperhill - 3 bedroom apartment wth DSQ
FOR SALE 22M
Menelik Apartments FOR SALE 16M
Two Bedroom Apartments Near Yaya centre *Completion December 2012
Kilimani- Kindaruma rd FOR SALE 18M
3 bedroom apartment with DSQ
[The Property zone][February 2012] 37
Nawiri Properties, Talbot Court, Suite No. 2, Westlands Avenue, P.O.BOX 51370, 00200 NAIROBI CONTACT: 0714 274 954, 0734 037 010, EMAIL:nawiri@propertyzonekenya.co.ke
Are you a developer? We can help you sell your project.
DIANI BEACH, MOMBASA, KENYA
EXCELLENT VILLAS FOR SALE IN DIANI BEACH
Get in touch with us.
Nawiri Properties, Talbot Court, Suite No. 2, Westlands Avenue, P.O.BOX 51370, 00200 NAIROBI CONTACT: 0722 351 502, 0734 037 010, EMAIL:michael@propertyzonekenya.co.ke
Sale 7.5m
Two recently built fully furnished houses on 1/4 acre compound on beach two area, between Southern Palm Hotels and Indian Ocean Hotel. Main house is living room, dining room, small sitting place in the tower with wounderful view of the ocean, four bedrooms, two rooms are en-suite, two bedrooms are normal size, two are really big. Master bedroom has a big walk-in wardrobe. Other features: aluminium sliding windows, galana floors, with iron sheet roofing. Smaller house (guest house) is living room, kitchen, three
VALLEY VIEW ESTATE MLOLONGO
bedrooms all en-suite, plus a guest toilet, balcony. Other features: aluminium sliding doors, tiled floors, roof is fireproof materials.
This Property features spacious Lounge cum dinning, common Cloakroom, elegant master en suite, two additional bedrooms with in built wardrobes and a kitchen with in built cupboards and storage shelves, opening to a laundry yard
Water facilities include: borehole, plus water tank of 5,000
Estate Features: • 3 bedroom bungalows • plots size Approx 20x8.5m • Pre-school • Private gardens • Ample parking • External perimeter wall • Sewer line • Street lighting • Storm water drainage Nawiri Properties, • Water supply Talbot Court, Suite No. 2, Westlands Avenue, • Cabro paved roads P.O.BOX 51370, 00200 NAIROBI CONTACT: 0714 274 954, 0734 037 010, • Shopping Centre EMAIL:nawiri@propertyzonekenya.co.ke
Price includes all appliances: plasma TVs, dishwasher, washing
38 [The property zone][February 2012]
litres on top and 30,000 litres underground clean tiled tank for fresh water.
machines, cookers, fridges, back-up electricity generator. Compound enjoys: fruit trees like banana, passion. Carport for 2 cars, laundry, doghouse, servant quarter two bedrooms. Swimming pool: 12*4 meters, deep side 2,4 meters Neighborhood is quiet, 5 minutes walking distance to beach (reserved access).
E: PRIC
32M
PZ SUBSCRIPTION Don’t miss a single copy of your favourite Property Magazine. For only Kshs. 2000/- you can become a subscriber and receive your copy delivered (if within Nairobi) or mailed (if outside Nairobi) This means 2 issues are COMPLETELY FREE along with the cost of delivery. Just cut along the line below and send us your contact details on the form below along with your payment. Or you could just scan and email it to us at info@propertyzonekenya.co.ke
Ever y thing real es tate!!
Subscribe for 12 issues – STARTING ANY MONTH Name________________________________________________________ Tel___________________________________________________________ Email_________________________________________________________ Address________________________________________________________ _______________________________________________________________ _______________________________________________________________ ________________________________________________________ Enclosed is our cheque no. ___________ Kshs. 2000/- payable to PROPERTY ZONE CONSULTING LTD OR Pay by MPESA no. 0722 789 495 Everything real estate
[The Property zone][February 2012] 39
Nyahururu near Kasuku trading Centre 1.5km off tarmac
Kitengela Lovely home for sale 3 bedroomed Bungalow 50 meters off Namanga Rd – Master en suite on ½ acre plot in a gated community. Separate lounge and dining. Open Kitchen plan (American style). Very good finishes. Well manicured garden. Separate servants quarters for two.
Price 11M
5 acres fertile land, price 200k per acre
Talbot Court, Suite No. 2 Westlands Avenue ,P.O.BOX 51370, 00200 NAIROBI, CALL: 0714 274 954, 0734 037 010 nawiri@propertyzonekenya.co.ke
In our next issue (next month) How authentic is your title – Our legal expert addresses the matter of invalid titles. A must read if you want to avoid the possibility of demolition of your hard earned investment Do-it-yourself Décor How to Reuse and Recycle items out of your garage that you thought were just junk
Plus all your regular columns – Builders Zone, Realtor Zone, Stylish Living, ...... Get your copy at the beginning of the month
40 [The property zone][February 2012]
TO LET / FOR SALE [The Property zone][February 2012] 41
For SALE
Nawiri Properties Talbot Court, Suite No. 2, Westlands Avenue P.O.BOX 51370, 00200 NAIROBI, Tel: 0714 274 954 EMAIL: nawiri@propertyzonekenya.co.ke
APARTMENT - RIVERSIDE DRIVE Price 18M An attractive Four bedroom apartment with DSQ 3 en suite, on 4th floor, 3 parking slots, very secure neighbourhood
EDENVILLE
Price17M 4 BEDROOM VILLA Located in a gated community off Kiambu road with recreation areas, shop and community centre featuring: • 4 spacious bedrooms • Large lounge with fireplace • Dining room opening to garden terrace • a spacious kitchen • Master en suite • Ample parking • DSQ • Sub-lease 99 years from 2010
Buruburu Phase 1
4 Bedroom Maisonette Master en suite 2 Servant quaters with a monthly rental income of 50k
Price 8.5 million 42 [The property zone][February 2012]
South C Highway Estate
4 bedroom maisonette master en suite
Price 14M
Only 1 unit remaining
For sale enquires contact, CALL: 0714 274 954, 0734 037 010 [The Property zone][February 2012] 43 EMAIL: nawiri@propertyzonekenya.co.ke
book address
GCL
Talbot Court, Suite No. 2 Westlands Avenue P.O.BOX 51370, 00200 NAIROBI CALL: 0722 351502, 0734 037 010
michael@propertyzonekenya.co.ke
TILE MASTERS
GANAPATI CERAMIC LTD Security door, Ceilings and other related Products at very competitive prices Ex. Nairobi price inclusive of V.A.T
United Complex, Shop No.3 Mombasa Rd Opp. CraterAutomobiles Before Airtel ( Formerly ZAIN) , Tel: 0733 698925/ 020202168709 Email: anshulanvi@yahoo.com
Maestro Properties Limited Real Estate Consultants
Mombasa road, Nairobi, Kenya Telephone: +254 20 2615346, +254 2217385 Cell phone: 0788 450023
Maendeleo Hse Monrovia St. 8th Flr P.O Box 5479-00506, NAIROBI Tel: 20 312816/210117 Fax: 20 221419 Mobile 0724434542/0721330066 Email: info@maestro.co.ke
“Seal of unbroken Promise”
Halcyon Properties Limited Tel: 0723-775730/ 0732-727196 0750-798076
Balcon Housing Company Ltd.
CONTACT: 0722 240 785, 0736 522 375 EMAIL: jwlnairobi@gmail.com
1st Floor Winma House. Githurai 45 Post Bank Thika Road.Tel. 0733 802 665 / 0733 439 519 0728 121 939 / 020 807 1841 / 020 871 2552 P. O. Box 532 – 00600 NAIROBI
BRANCH OFFICE: 2nd Floor, Mercantile Hse Koinange Street
To advertise here call 020 4443161
info@propertyzonekenya.co.ke 44 [The property zone][February 2012]
[The Property zone][February 2012] 45
LAND/PLOTS FOR SALE first time in the market lavington, njumbi close
SYOKIMAU
Price on application
0.75 acres ideal for redevelopment Price 88M
1/8 commercial plot at Kangaroo shopping centre Price 2.7M
VALLEY ARCADE
runda mumwe
1 acre plot off Gitanga road near Gitanga valley arcade shopping centre. Ideal for re-development Price 180M
1.5 acres, very close to a recently completed gated community development of townhouses Price 45M
must sell kitengela
KYUNA Approximately 1 acre land with a 4 bedroom storey house ideal for redevelopment Price 85M
MASAI MARA
464 acre
KAREN BOGANI
KAREN BOGANI
10 acres Price 28M per acre.
1 acre Price 30M
4 acres approximately 1.5 km off Namanga road ideal for redevelopment or subdivision Price 6M per acre
KAREN WINDY RIDGE 7 acres with 4 Bdr house s/pool, touching the tarmac Price 220M
KAREN-LANGATA ROAD (MOKOYET RD 2nd row)
KILIMANI ELGEYO MARAKWET Rd.
1/2 acre plot Price 19M
0.75 acres Price 200M
KILIMANI - LENANA Rd
NYARI WEST ESTATE
RUNDA KIGWARU
Office Block on 1.1 acre, 25% built up very good rental income. Price 360M
1/2 acre plot Price 25M
3/4 acre plot Price 20M
MUST SELL KAREN 10 acres near KCB training college Price 30M per acre
KAREN OFF DAGORETI ROAD 5 acres with 2 newly built 5 bdr houses, each standing on one acre. Price 2M Euros.
Talbot Court, Suite No. 2, Westlands Avenue P.O.BOX 51370, 00200 NAIROBI CALL: 0714 274 954, 0734 037 010 EMAIL: nawiri@propertyzonekenya.co.ke
46 [The property zone][February 2012]
[The Property zone][February 2012] 47