The Agira Project – Townhouse

Description

Discover The Agira Project: Luxurious Living on Kerarapon Drive

Welcome to The Agira Project, an exceptional residential development nestled on the prestigious Kerarapon Drive, less than 5 minutes from the main Ngong Road. This premier project is designed to offer luxurious living with unparalleled convenience and top-notch amenities. Here’s a detailed look at what you can expect:

Project Timeline and Execution

The Agira Project is set to commence in February 2024, starting with the external works. The development will be executed in phases, with an estimated completion time of 3 to 4 years. Every effort will be made to ensure the project is completed in the shortest time possible, avoiding any time overruns.

Ownership and Legal Title

Purchasers will receive a freehold Title Deed for each individual plot within the estate, currently issued to Natare Homes Ltd. This follows the successful execution of the Letter of Offer, Agreement for Sale, and Deed of Covenant, along with the full payment of the purchase price.

Flexible Payment Plans

The payment terms are designed to be buyer-friendly and negotiable. The standard agreement is as follows:

• 10% of the purchase price on or before execution of the Letter of Offer.
• 20% upon simultaneous execution of the Agreement for Sale and Deed of Covenant.
• 20% six months after execution of the Agreement for Sale and Deed of Covenant.
• The balance upon notification of the Certificate of Practical Completion by the Vendor’s Architect, before property handover.

Design Options and Customization

Buyers can choose between two exquisite plans: Nabo (250 sqm) and Are (300 sqm). While changes to the approved plans must have the Vendor’s express approval and must not substantially alter the estate’s design language or external finishing, these options provide flexibility to meet your preferences.

Reliable Utilities and Infrastructure

The estate will be connected to Kerarapon Water services, with a supplementary borehole planned to ensure a consistent water supply. All prescribed utility services, including electricity, will be accessible to each property within the estate.

Enhanced Security Features

The entire development will be secured with a robust stone security boundary wall and a security gate. Individual plots will feature soft (live) fences, ensuring safety and privacy for all residents. The Kerarapon area is also known for its well-established security network, adding an extra layer of reassurance.

Attractive Rental Yields

Investors can expect an estimated rental yield ranging between 5% and 8%, making The Agira Project a promising investment opportunity.

Streamlined Approval Process

Initial regulatory approvals for each developed unit will be managed by the Vendor’s contracted Architectural Firm, Xxodus Design Group Limited. The firm will oversee construction supervision and procure necessary county approvals and certificates of occupation.

Comprehensive Refund Policy

If a Purchaser wishes to terminate the transaction post-execution of the Agreement for Sale, a forfeiture of 10% of the purchase price will apply. The balance will be refunded after the property is resold and proceeds received.

Service Charges and Management

A service charge, to be determined before the completion of the houses, will cover maintenance of common areas and amenities. A Residents Association will be formed to manage these aspects, with Purchasers allotted a share in the Association upon registration of transfers.

Exclusive Amenities and Common Areas

Each property sits on a full 1/8 acre of land, offering ample space for personal use. Purchasers and their families will also have access to Natare Gardens (swimming and playgrounds) for five years post-sale, excluding chargeable activities like bike riding and football.

Seize the Opportunity

Invest in The Agira Project for a luxurious lifestyle, sound investment, and a secure future. This development not only promises high returns but also ensures a comfortable and stylish living environment.

For more details and to secure your dream home, please reach out to us.

Additional Q&A for Buyers of Undeveloped Plots at The Agira Project

1. Conditions for Plot Development

Purchasers have the liberty to construct one housing unit on their plot, subject to the terms of the Agreement for Sale and the Architectural Policy and Regulations (Architectural Policies) provided by the Vendor. Additionally, a Deed of Covenant will be executed simultaneously with the Agreement for Sale, outlining the regulations all plot owners must adhere to. This deed aims to maintain a high-quality lifestyle, living environment, and welfare for all residents and homeowners within the estate.

2. Using Own Contractors and Professionals

Purchasers may select from the Vendor-approved contractors for the construction of their homes. While the terms of engagement with these contractors will be private, they must still comply with the Agreement for Sale and the Architectural Policies. It is mandatory for Purchasers to retain the estate Architect and Structural Engineer, while it is strongly encouraged to use other project professionals. Construction will only be deemed complete upon issuance of a Certificate of Practical Completion by the Vendor’s Architect.

3. Timeframe to Build

Purchasers are required to commence construction of their residential unit within 12 months from the date of receiving the Title in their name from the Vendor’s Advocates. The construction must be completed within 18 months from the title receipt date, unless an extension is granted by the Vendor.

4. Construction Period and Enforcement Measures

A security deposit of 12% of the Purchase Price is required from the Purchaser, held as one-year security for the timely completion of construction. The Vendor reserves the right to debit this escrow account monthly by Ksh 100,000 for any delays in construction. If the security deposit is depleted due to delays in commencement or completion, the Vendor may impose a fine of 3% per month (compounded monthly) on the Purchase Price. In extreme cases, the Vendor may deny the Purchaser access to the property until construction is completed.

5. Plot Servicing by the Vendor

The Vendor is responsible for providing the necessary infrastructure for the development. This responsibility is considered fully discharged when:

• Reasonable access to the property is provided for the Purchaser to begin construction.
• All prescribed utility services are connected or made accessible to the property.
• A boundary wall and secure gate are completed to control access to the estate.