The scheme’s KSh4.3 billion mixed-use development, dubbed Crystal Rivers, is located in Athi River, Machakos County. It brings together a mall on 5.7 acres with a total of 200,000 square feet of letting floor space.
The project also includes 260 apartments and 138 townhouses and is expected to contribute to easing the housing deficit in Nairobi.
The houses will cost KSh6.5 million per unit.
The Crystal Rivers is close to the new Nairobi Expressway, the SGR, and the Jomo Kenyatta International Airport.
According to Cytonn Real Estate, In terms of performance, Mombasa Road recorded a high average rental yield of 7.4%, 0.2% points higher than the market average of 7.2%, hence the developer is leveraging on the remarkable performance as its basis of investments in the area.
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