3 Bed Apartment with En Suite at Nyali

This 3-bedroom apartment in Old Nyali sounds like a promising opportunity, especially given its prime location and the amenities offered. Here’s a breakdown of the key details and considerations: Property Details: Location: Prime area of Old Nyali, a serene and secure neighborhood. Unit Size: 1,600 sq. feet. Layout: 3 bedrooms (one en suite). Complex Features: 52-unit complex. Swimming pool. Playground for kids. Ample, stress-free parking. High-speed lift. Secure compound with perimeter wall fencing. Proximity: Easy access to Greenwood Shopping Mall and the beach. Project Details: Completion Date: Estimated July 2026. Developer: A trusted developer with over 10 projects in Nyali (8 completed, 5 ongoing). Payment Plan: 20% upfront. Balance payable over 18 months. Key Considerations: Developer Reputation: It’s crucial to verify the developer’s track record by visiting their completed projects and speaking to past clients. This ensures reliability and quality. Off-Plan Purchase Risks: Buying off-plan carries risks, such as delays in completion or changes in the final product. Ensure the contract includes safeguards for such scenarios. Payment Plan: The 20% upfront payment and 18-month balance plan is affordable, but ensure you have a clear understanding of the payment schedule and penalties for late payments. Location Benefits: Old Nyali is a highly desirable area due to its proximity to the beach, shopping malls, and other amenities. This enhances the property’s long-term value. Amenities: The swimming pool, playground, and secure parking add significant value to the property, making it attractive for families. Legal Due Diligence: Ensure the project has all necessary approvals and permits from relevant authorities. Engage a lawyer to review the sale agreement. Real Estate Agent: Work with a trusted real estate agent who has in-depth knowledge of the area and the developer’s projects. Next Steps: Visit the developer’s website (www.benfordhomes.com) to explore more projects and gather additional information. Schedule a site visit to the ongoing project and completed projects by the same developer. Consult a real estate lawyer to review the contract and ensure all legal aspects are covered. Assess your financial readiness and ensure you can meet the payment plan requirements. This property seems like a great investment opportunity, especially in a high-demand area like Nyali. However, thorough due diligence is essential to mitigate risks associated with off-plan purchases.