Luxurious 1 Bedroom Apartments in Riverside

Property Overview

The 1-bedroom apartment at Grand Riverside offers a practical residential and investment opportunity in the sought-after Riverside Drive neighbourhood of Nairobi. Located approximately 100 metres from the tarmac, the apartment enjoys a convenient position within an established residential area, with easy access to Westlands, the CBD, shopping centres, restaurants, offices and other key destinations across Nairobi. Grand Riverside is a completed residential development by Canaan Developers, offering residents a comfortable urban lifestyle supported by a range of shared facilities and services. The development features a swimming pool, gym, residents’ lounge, landscaped areas, high-speed lifts, borehole water, backup power, CCTV surveillance, controlled access and secure parking. The apartment is available for KSh 13 million and is currently rented at KSh 16,500 per month, with the stated rent being inclusive of service charge. Its established location, existing rental income and access to residential amenities make it suitable for a buyer looking for either a city residence or an income-generating property in Riverside.

Key Features

The apartment comprises one bedroom, a comfortable living and dining area, a modern fitted kitchen and well-appointed bathroom facilities. The residence benefits from access to the development’s shared amenities and security infrastructure. It is located approximately 100 metres from the Riverside Drive tarmac, offering convenient accessibility while maintaining a residential setting. The property is currently occupied by a tenant at a monthly rent of KSh 16,500 inclusive of service charge, providing an immediate rental income stream to the new owner.

Amenities

Residents at Grand Riverside have access to a swimming pool, fully equipped gym, residents’ lounge and landscaped communal areas, providing spaces for relaxation and recreation within the development. The property is supported by high-speed lifts, borehole water, backup power, CCTV surveillance, controlled access, intercom facilities, electric fencing and secure parking. Additional conveniences include fibre optic connectivity, solar water heating and a children’s play area, creating a practical environment for both residents and tenants.

Why Invest

Grand Riverside offers an opportunity to own a residential property in one of Nairobi’s established and highly accessible neighbourhoods. Its Riverside Drive location provides convenient connectivity to Westlands, the CBD and surrounding commercial and residential areas. The development is already completed and occupied, allowing the buyer to acquire an established property rather than an off-plan unit. The apartment also comes with an existing rental arrangement at KSh 16,500 per month inclusive of service charge, making it suitable for buyers seeking an income-producing asset. Its range of amenities, secure residential environment and proximity to major shopping, business and lifestyle destinations further enhance its appeal for both tenants and owner-occupiers. For an investor, the property can also provide long-term exposure to the Riverside residential market.

Location Highlights

Located along Riverside Drive, approximately 100 metres from the tarmac, Grand Riverside offers easy access to some of Nairobi’s most established commercial, residential and lifestyle destinations. The property is conveniently positioned near Westlands, with access to shopping and entertainment destinations such as Sarit Centre and Westgate Mall, as well as restaurants, offices, schools, healthcare facilities and other everyday amenities. The location also provides connectivity towards the Nairobi CBD, Waiyaki Way, Chiromo and Parklands, making it convenient for professionals working across several major business districts.

Investment Snapshot

The apartment is offered for sale at KSh 13 million and currently generates KSh 16,500 per month, translating to an annual rental income of approximately KSh 198,000. Based on the stated purchase price and rent, the indicative gross rental yield is approximately 1.52% per annum before accounting for vacancy, taxes, maintenance and other ownership expenses. The stated monthly rent is inclusive of service charge.