Reasons Why you Should Invest in Riverside
Investing in Riverside Drive, located just 4.8km away from Nairobi’s Central Business District (CBD) and hosting several embassies, presents a compelling opportunity for investors for several reasons:
- Strategic Location: Its proximity to the CBD ensures that properties in Riverside Drive are in high demand, especially among professionals working in the city center. This strategic location combines the convenience of city living with the tranquility and exclusivity offered by Riverside, making it an attractive locale for tenants.
- High Rental Income: The rental income potential is significant, with 1-bedroom apartments fetching upwards of 80,000 KES, 2-bedroom units at 120,000 KES, and 3-bedroom units starting from 150,000 KES per month. This high rental yield makes investments in Riverside Drive financially appealing, offering consistent and lucrative returns.
- Diplomatic Presence: The presence of multiple embassies in the area adds a layer of security and prestige, making it a preferred residential area for diplomats, expatriates, and high-net-worth individuals. This demographic is often willing to pay a premium for housing, further enhancing the investment appeal.
- Capital Appreciation: Properties in prime locations like Riverside Drive typically enjoy robust capital appreciation over time. The area’s desirability, limited supply of land, and ongoing development projects contribute to increasing property values, ensuring that investors can benefit from both rental income and capital gains in the long term.
- Quality of Life and Amenities: Riverside Drive offers a high quality of life with access to top-notch amenities, including shopping centers, international schools, healthcare facilities, and recreational spots. These features not only make it an attractive place to live but also contribute to maintaining high occupancy rates and the ability to command premium rents.
Investing in Riverside Drive represents a balanced mix of short-term income potential through rents and long-term capital growth, underpinned by the area’s strategic location, prestige, and the quality of life it offers to residents.
Article by : Francis Musili.
