Overview
- Updated On:
- September 20, 2020
Description
RIVERBANK EXECUTIVE APARTMENTS
Size of the Project
Riverbank apartments are a project by Centum Real Estate and are the residential flagship within the Two Rivers Social City located within Nairobi’s blue diplomatic zone. Two Rivers is an award-winning mixed-use development at the 2018 African Property Awards. The design has been conceived by John R Harris and Partners (part of Auckett Swanke Group), a renowned international practice of architects and engineers.
From your point of entry to Two Rivers to the concierge desk of your Riverbank apartment, security is of the highest global standards. No compromise. A fiber optic link makes Wi-Fi, Internet, and telephony work super-fast. Electricity is reliable, your water constant, clean, and fresh. There’s plenty of parking space both for residence and visitors. Riverbank Executive Apartments comprise of 84 units in one tower rising to the 14th floor and consist of 1 bedroom, 2 bedroom, and 3 bedrooms+ servant quarter (DSQ).
The Most Luxurious Apartments in Nairobi so far
The Two Rivers 102 mixed-use development is not comparable with any other development in Nairobi due to a number of factors:
- Located in close proximity to the blue diplomatic zone of Gigiri. The only apartments in Nairobi giving a 7-aside soccer pitch as part of the amenities.
- Two Rivers development has a fully functional police station with armed police forces manning all the entry and exit points and conducting 24 hrs. patrol within the entire development.
- Water Sustainability- Two Rivers development has a fully functional 2 million liters/day water treatment plant and a 1.8 million liters/day water recycling plant. As a result, every development (including apartments) gets portable water in the tap 24 hrs. The recycling plant helps recover 80% of all the wastewater generated within the development and is utilized for secondary purposes e.g. irrigation, cleaning, and firefighting.
- There is a jogging track provision within the 102 acres of Two Rivers for use by the residents.
Location
With easy access from Limuru Road and the Northern Bypass, you have easy connections to key urban nodes, including Nairobi CBD, Westlands, and the Airport.
The Riverbank is located in Kenya’s most exclusive communities close to various foreign embassies and the UN Headquarters.
- 10 minutes to the United Nations Complex.
- 14 minutes to Parklands
- 20 minutes to Westlands and Nairobi CBD.
- 30 minutes to Jomo Kenyatta International Airport.
What Makes Riverbank Outstanding?
- Located within Two Rivers is a seamless combination of luxury, convenience, and exceptional value packaged into a 102-acre mixed-use development, a city within a city of Nairobi.
- High floor to ceiling height of 3 meters for ambient indoor environment
- The units come fitted with smart home provision ready for automation and synchronization to mobile gadgets
- Piped and metered LPG reticulated to the kitchen for every unit
- Fiber optical cable to every unit for DSTV, Telephony, and internet
- Intercom and access-controlled entry to the apartment block.
- Mirrors 5-star experiences with grand finishes
- Up to 95% building energy efficiency through minimal sharing of walls between the units and full height openable glass doors and windows
Why Owning a Residential Unit within 102 Acres of Two Rivers is a Big Deal?
- A dedicated residential district that is part of the wider master plan to develop a socially sustainable city
- Dedicated three (3) access points for residents guaranteeing convenience and privacy from the retail and commercial district
- Convenient access to the retail, restaurants, entertainment spots(4Dx cinema, theme and water park, go-karting, inhouse gaming, and sports), and upcoming world-class health facility
- The abundance of free and safe parking all year through
- 24/7 treated water from the 2 million liters/day water treatment plant within the development
- Over 5 kilometers of jogging track and walking paths within the development
- Strategically located within the blue diplomatic zone
- Uninterrupted power from the 1.2mw solar farm, inhouse power substation, and diesel power plant.
- Access to the expansive Two Rivers residential sporting facility with a 7-aside soccer pitch, tennis and basketball courts.
What Special Offers do you get for Investing at Riverbank During this Pandemic?
Riverbank has a special pricing offer as outlined below:
| Unit Typology | Size (sq.m) | Size (sq.ft) | Unit Price (Kes) | Special Offer Price (Kes) | Nature of Rooms |
| 1 bedroom | 87 | 936 | 16,000,000 | 14,000,000 | All Ensuite |
| 2 bedroom | 130 | 1,399 | 24,000,000 | 20,000,000 | All Ensuite |
| 3 bedroom + DSQ | 185 | 1,991 | 30,000,000 | 26,500,000 | All Ensuite |
What Value Additions Do You Get at Riverbank?
- Subsidized property management services on your behalf to cover letting, lease renewal, marketing, maintenance and repairs, housekeeping, and estate management
- Fitness facility with a gym and a heated lap pool for adults and kids
- A wind-down zone with a fitted barbeque area
- A well-manicured leisure park with a water pan/dam
Project Development Team
J.R.H.P– Project Architect; Image three-sixty designs-Interior Designer; Seyani Brothers – Main Contractor; Athena Properties – Development and Project Managers
Project Timelines and Show House
The project construction started in May 2019 for a 24-month construction with scheduled completion June 2021, site visits are allowed.
The show house is ready for viewing at Two Rivers.
What are the Payment Options?
| Option 1 | Option 2 | Option 3 |
| Kes 100,000 on booking | Kes 100,000 on booking | Kes 100,000 on booking |
| 10% on signing the offer letter | 10% on signing the offer letter | 10% on signing the offer letter |
| 10% on signing the agreement for lease | 10% on signing the agreement for lease | 10% on signing the agreement for lease |
| 80% staggered monthly, quarterly or semi- annually |
30% staggered monthly, quarterly or semi- annually |
80% mortgageable subject to pre-qualification by a financier |
| 50% on completion | ||
| ** Absa and Stanbic are currently our financing partners |
ADDITIONAL INFORMATION
Parking Slots
- One-bedroom apartment- 1 parking space.
- Two-bedroom apartment- 1 parking space.
- Three-bedroom apartment- 2 parking spaces.
NOTE: In case you have more vehicles than the allocated slot(s), you will have the privilege of parking in other parking slots within the wider development. A card/sticker will be issued at a minimal fee.
Visitors parking will be provided within the apartment block (s).
Discount for cash buyers
There are attractive incentives for clients purchasing with substantial cash upfront. Please visit us for more information.
Foreign Buyers
Foreigners can purchase property, all you will need is a copy of your passport and KRA pin certificate.
Expected ROI in Riverbank Apartments
From a conservative and pragmatic point of view, rental yields are expected to range from 8%-10% p.a (unfurnished and furnished respectively) and a capital appreciation of between 3%-5% p.a.
The annualized RoI is between 11%-15% p.a.
Media
- Fly-through video https://youtu.be/6u7uCgFXONw
- Virtual tour http://360.hotlist.co.ke/riverbankapartments/
- KTN Property Show-Centum RE Edition-2019 https://www.youtube.com/watch?v=2BpKyiK4ef4&t=798s
- Two Rivers city YouTube https://youtu.be/lkCTuIPMorY
Get in Touch
To get more details on Riverbank, contact Mark on 0715337096 or email him at mark.macharia@rm.co.ke
We hope that you will consider investing through us and we look forward to a fruitful partnership.
