Ocean View Apartments For Sale Behind Serena Beach Hotel

Description

These are affordable luxury apartments for those wishing to own a holiday home in the tourist beach of Serena, investors who require a high-yielding rental property suitable for short-lets in an area that is known for business and government conferences plus tourism, or for residents looking to live the quiet life away from the hustle and bustle of the CBD…

FEATURES, CONSTRUCTION DETAILS & BENEFITS

• Features
• Swimming Pool
• Bbq Pergolla and Bar
• Backup Generator
• Municipal Water plus Borehole Water
• Elevators
• Paved Parking

Construction Details

• Spacious balconies to both lounges and kitchens.
• Walls – Natural stone with cement render and high quality external paints.
• Roof – Low gradient concrete slab designed for rainwater harvesting and finished with quarry and
  Portuguese Clay Tiles with PVC rain water gutters and down pipes.

Finishes

• Floor – Granito tiles in matching colours.
• Balcony – Aluminium sliding doors.
• Doors – Hardwood at the main entrances. MDF boards for internal doors
• Windows – UPVC system windows to eliminate rusting with burglar proofing.

Fittings & Fixtures

• All wardrobes and cabinets in MDF.
• Kitchen high and low level cupboards with granite worktops.
• Towel rings Toilet roll holders, Shower rails, Toothbrush holder, Matching ceramic tiles
• Vanity lighted shaver outlet.
• Bathroom and Kitchen fittings are all high end class such as Twyfords .
• Double bowl double drainer stainless steel sink.
• Benefits of Owning A Shanzu Beach Homes Apartment

What you can do with your apartment

• As a family house
• Lease/let out to:
  • Tour Operators/Companies/Etc – The apartments can be leased to tour companies for holiday
    makers. Both locals flocking to Mombasa over Easter, August and December holidays as well as
    tourists. A furnished apartment can go for 10,000 to 25,000 Ksh. daily for a furnished, serviced 2
    bedroom apartment. Domestic Tourism is all year round with peaks in school holiday times.

Rental or Leasing:- Target groups

• Non Governmental Organizations
• Business People
• Hotel Managers
• Embassies
• Parastatals
• Chief Executive Officers
• Senior Politicians
• Mombasa families

Resale;– Resale of the apartments will be of easy as they are located in prime area.

Once in life time opportunity to get such a location. (This is the closets Land next to Serena Hotel)

• All inclusive facilities. (Live, Work, Play and Shop in the same neighbourhood).
• Automatic pumps at ground water reservoir
• E-co green friendly design.
• Roads are paved.
• Located in a cool, secure enclave in a high class neighbourhood.
• Easily accessible by Road (Malindi- Mombasa Highway), by Sea (Mtwapa creek) and by Air
  (Bamburi Airstrip).
• Water activities very near by (about 100 meters away); Deep Sea Fishing, Deep Sea Diving,
  Dhow Tripsand even Watersports i.e. Jet Skiing, Canoes, just next door in Serena Beach.
• Entertainments are within reach (Mtwapa, beach etc).
• Sports activities are within reach.
• Schools, colleges are within a walking distance.
• Churches and Mosques are in the neighbourhood (Mtwapa, Shanzu).
• two minutes walk to the 5star SERENA sandy beach hotels and the beach. Dolphin,
  Flamingo,Malaika, Mombassa Continental and Serena beach hotels.
• Mtwapa creek is 3 km walk-away.
• The design and concept targets Kenyan residents seeking serenity as well as Diaspora in search
  for holiday homes.
• The Shanzu Beach Homes are a welcome addition to the community, unmatched security and
  cool serene environment.

REALISTIC RENTAL INCOME POTENTIAL & RENTALS
MANAGEMENT

Here is what you can expect to fetch on rentals. All the figures below are based on checking similar
properties in the Mombasa north coast:

OPTION 1: Long Term Unfurnished (rental agreement of 1 year or above)
This is your normal tenancy arrangement. It is a sure bet, because of the location. Everybody
wants a good home in a good place.
1br KSh 35,000 monthly (works out to a Rental Yield of 6.14%)
2br KSh 50,000 monthly (works out to a Rental Yield of 5.16%)
These figures were arrived at by comparing properties such as Kibaki Flats, Bamburi Villas, etc

OPTION 2: Long Term Furnished (rental agreement of 1 year or above)
This is for company executives, especially expatriates, such as executives of Maersk Shipping, Oil
& Gas companies, cargo handling companies, etc. They need a fully furnished place with all power,
water etc all included in the rental fee, and the company pays the rental as part of the housing
package for their executives.
1br KSh 70,000 monthly (works out to a Rental Yield of 11.34%)
2br KSh 120,000 monthly (works out to a Rental Yield of 12.37%)
These figures were arrived at by comparing properties such as Pangoni, Cowrie Shell, etc

OPTION 3: Short Term Furnished (daily rentals)
This is for business and holiday travellers. This is very seasonal and depends on the local
economic cycles. Involves a great deal of work in management.
1br KSh 7,000 low season – KSh 10,000 high season, per day (works out to a Rental Yield of
19.44% at 50% occupancy)
2br KSh 15,000 low season – KSh 20,000 high season, per day (works out to a Rental Yield of
23.2% at 50% occupancy)
These figures were arrived at by comparing properties such as Kahamas, hotels, etc
To assist you with getting rental clients and managing the property, we have made arrangements
with Datoo Kithiki (DK Rel) Ltd and Langata/Property Link Ltd, both of which are established and
well-known companies that specialise in rentals and management. At your request, we can send
you their profiles.

OPTIONAL FURNITURE PACKAGE

A furniture package is available at an extra KSh 600,000 for the 1BR and KSh 800,000 for the
2BR, similar to the show house. These are approximate costs and a final inventory schedule with
item numbers and serials will be provided along with the Sale Agreement, which it will be part of.