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 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.