ANSWERS TO
CUSTOMER FAQ'S
Location:

Casa Mia is strategically located in Ruai, fronting Kangundo Road just 15.6 km from its junction with the Eastern Bypass. The property is within 45 minutes reach of the CBD and less than 30 minutes from Jomo Kenyatta Airport.

Google coordinates – 1.279801, 37.121916

There are plans for expansion of Kangundo Road into a dual – carriage way, which will in turn increase the attractiveness of this area.


No of units & Size of plot

The total plot size is 41 acres with a plan for 454 homes to be built in three phases. Phase 1 will comprise 139 units; Phase 2 will have 174 units and Phase 3 a total of 141 units. The homes are located in clusters of between 23 – 50 units each, with access to shared facilities. Based on the overall zoning, each home will be on approx. 1/12th of an acre.

Unit Allocation
Phase 1 Court A Commercial facilities
Court B 21 units
Court C 22 units
Court D 35 units
Court E 33 units
Phase 2 Court F 32 units
Court G 29 units
Court H 32 units
Court J 46 units
Court K 35 units
Phase 3 Court L – R 141 units


Amenities

Borehole                                        Secure plot boundary
Recycled water for irrigation             Recreation area
Sewer treatment plant                    Commercial arcade
Solar water heating                         Community nursery school

Price: Kshs. 5.75 million

Payment terms

On signing the reservation form: 10%
On signing the sale agreement: 20%
Three months thereafter 20%
On completion of construction: 50%

Aditional Add-Ons
Buyers have the option of purchasing an additional add-on package which includes an Oven, Hob, Fridge, Microwave and TV at a discounted price of Kshs 150,000/=

Price Variations

Casa Mia homes are priced attractively for low down payments with the bulk on completion. These prices are fixed based on the payment terms above. In exceptional cases, lower deposit payments may be accepted but these would be subject to price escalations.


Refunds incase of cancellation

All amounts paid can be refunded in full if cancellation is before signing of the sale agreement.
All such refunds should be requested in writing and shall be issued in the purchaser name(s)
stated on the letter of offer regardless of the source of funds.


Other Costs

Stamp duty 4% of purchase price or government valuation (whichever is higher)
Share capital: Kshs 25,000/=
Service charge deposit: Kshs 22,500/=
Advance service charge: Kshs 22,500/=
Legal Fees: 1.5% (approx) + VAT
Reversion:

Post-completion, a monthly service charge will apply and this is approximated at between Kshs. 5,000 and Kshs. 10,000 per month.


Construction Commencement and Completion

Construction commenced in the second quarter of 2014 and the first handover is estimated between 15 and 18 months thereafter.


Title Structure

The main title for the 41 acres is freehold held under Title No. Donyosabuk / Komarock / Block 1/20775. Purchasers will get a lease of their house for 99 years from 2012 together with a share in the management company owning the reversionary interest thereof.


Investment Potential

Casa Mia has been priced to attract the middle-income market segment to an area with significant growth and capital appreciation potential. Ruai is also expected to attract strong rentals from the growing middle market who will appreciate its lifestyle offering Buying at this early opportunity allows buyers to gain from discounted introductory prices and preferential choice of units, and resultant increased capital appreciation.



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