When you think Ngong road what comes in mind? Post residential neighbourhoods, multiple car dealerships or malls?
Ngong road has always been one of the richest neighbourhoods in Kenya even before its revamp (the recent road improvement by Japanese contractors).
Ngong road has always been a hotbed for investors especially because of luxury apartments. Although some investors are majorly focused on its commercial investment perks.
As a potential real estate investor deciding whether to invest in commercial or residential can be a challenge especially when both have their advantages.
Commercial Investing
Ngong road is especially known for its malls, commercial buildings, business and car dealerships. As most real estate experts will tell you, commercial rentals earn more than residential rentals. Office space charges can be twice to thrice that of an apartment.
With investors having their sights on the area, developers are also on stand by. Hence, they are plenty of opportunities for you to invest in. However, do your research before you venture into any investment.
See Also: Real Estate Investment: How to Be Smart about it
Residential Investing
Luxury apartments are what stand out more for Ngong road. Moreover, developers are not slowing down on their construction. Each day we are witnessing more building coming up especially since the road was rehabilitated.
Most luxury apartments come fully furnished: this normally means more rental income compared to non-furnished. Additionally, if you are thinking of purchasing a few units to rent out consider furnishing.
Which option earns more profits
Commercial rentals are known for their expensive charges from the goodwill to monthly charges. Therefore, most investors go for this. However, the building itself and its location are great determinants of your investment will be successful.
Keep in mind, some office spaces may never be filled especially if the charges are too much and there is no customers traffic. Although some businesses don’t really require the traffic, some prefer a physical location that will entice their clientele.
Some of our properties along Ngong Road:
3 Bedroom Apartment, Cicada Crest
2 and 3 Bedroom apartments,Muchai Drive
Lavington 3 Bedroom Apartments Off Riara Road
3 Bedroom Apartments, Kilimani.
Urban Oasis Apartments off Ngong Road
2 And 3 Bed Apartments on Ngong Road.
