Are you interested in being a part of Vipingo Ridge? Here is some more information about Vipingo Ridge that should assist:
Once a property has been selected, Vipingo Ridge issues the purchaser with a Letter of Offer. The purchaser then needs to place a deposit to secure the property. Vipingo Ridge Ltd grants a 99 year lease valid from December 2006, The sale structure also includes shares in Vipingo Ridge Ltd.
There are no restrictions to foreign nationals or foreign registered companies owning property at Vipingo Ridge.
Most banks and financial institutions in Kenya accept long leases as security. Terms, conditions and requirements of institutions vary. If you are considering financing your purchase, we can assist you with direct contact to financiers with whom we already work closely to establish your requirements.
Stamp Duty is currently based at 2% of the value of the property and the duty on the share price is 1% of the value. In addition, incidental charges, costs for registration of the lease, plus any other related legal costs and disbursements will be payable by the purchaser. A full schedule of legal costs can be obtained on request.
The right to purchase a property or properties is conditional upon the agreement to purchase shares. Both purchases will be completed simultaneously.
Are there any development restrictions on the property?
In order to maintain high standards, aesthetics and ambience within Vipingo Ridge, all buildings will be subject to planning restrictions. Construction on plots must be completed within 24 months of the registration of the Sub-Lease document. There is a comprehensive set of Rules on Design & Construction Regulations, which govern the building of properties at Vipingo Ridge. The main objective is to safeguard the external aesthetics of the entire development.
In addition to the terms and conditions set out in the lease, you will be required to follow the comprehensive Home Owners Association Rules, which are available on request.
Once the sales process is complete and the property designs approved, you can start building immediately. The entire infrastructure, such as water and electricity supply, is in place and most of the roads are complete.
Why are there building regulations for the undeveloped properties?
The exhaustive building regulation document is to ensure that everyone gets the most from this beautiful estate. The rules are designed to ensure that no one's views are obstructed and that the development has a cohesive harmony in style and feel.
It is all very straightforward and follows international norms. Full details of the sales process are available on request.
Yes. Full details of both are available on request.
Yes. There is a sales and management office on-site and arrangements can be made to take you around the Ridge.
We invite you to contact the Sales Team on +254 41 5015010 or email us on email@example.com for more information or to arrange a site visit.
Purchasers of properties in the Vipingo Ridge development are required to enter into a long-term lease with Vipingo Ridge and hold their respective properties subject to the terms and conditions set forth in the lease agreement.
The development is governed by Home Owners Rules and Regulations and also by the Residential Design and Construction Regulations. The Regulations have been carefully thought out to make life at Vipingo Ridge as carefree as possible.
The price of each property includes shares in Vipingo Ridge Limited.
Do not hesitate to contact the Sales Team on +254 41 5015010 or via email firstname.lastname@example.org if you require any additional information. The Sales Team welcome the chance to meet with you in person to discuss your requirements.