Hemmingways collection that runs the three five-star rated properties – Hemingway’s Watamu, Nairobi and Ol Seki Mara has unveiled a five year guaranteed rental return.
According to Hemmingways, five units out of the 21 villas have already been sold. The prices rage between Sh52.5 million to Sh150 million.
Buyers signing a five-year leaseback agreement would annually be granted a 15 day complimentary stay at the apartments between mid-April to mid-December. This is according to operations director Ross Evans who was speaking during the offer launch.
“Owners wishing to take advantage of this exclusive investment opportunity will essentially lease the apartment back to Hemingway’s Watamu Ltd for the five-year term,” Said Mr Evans.
The residences which face the Indian Ocean comprise one, two and four bedroom apartments within the five star Hemingways Watamu hotel. They are modelled with modern elegance and flair, further they’ve been planned to make use of optimum use of panorama and light.
The color scheme is inspired by the turquoise sea and silver sand, the living areas flow uninterrupted from open-plan, state of the art kitchen areas to panoramic seating areas and equally effortlessly onto the broad sweep of the wide-vista verandas. The uniquely offer the ultimate indoor/outdoor living.
Kenya has positioned itself as a highly sought destination for holiday homes by the global rich. This is according to the 2019 Knight Frank Wealth Report.