This current development from Oakpark consists of furnished, serviced and managed apartments in Mombasa. The development is on the beach front. This is a development of 50 apartments. The design of the apartments is such that all are sea facing and have a view of the sea from their balconies. These are 1, 2 and 3 bedroom apartments.
Investment into the Project
Investors into the project purchase exclusively furnished and equipped apartments. The apartments are annexed to restaurants, a health club, shops, swimming pools and other facilities required to enable the entire facility to run as a hotel. These communal facilities are available for use by the purchasers into the project. The investors’ interest in the project will be represented by shares in a management Company to be set up at the end of the construction period.
The management company will be owned by the owners of the apartments and the owners of the communal facilities. The management company will be run by a team consisting of representatives from owners of the company and the owners of the communal facilities. It will have overall responsibility for maintaining the high standards of the facility.
The developers will appoint a reputable hotel group to manage the facility to ensure the facility retains a five-star status. At the end of the construction period the management company will take-over the relationship with the hotel group.In order to allow the facility to run professionally, the investors into the project will contribute a service charge on a monthly basis.