0.990 For Sale In Nairobi
Nairobi
KES 350,000,000
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Description
- A highly visible and strategic corner plot benefitting from two extended road frontages at the junction of Ngong and Makindi Roads giving the site potential access via two entries off separate roads. The property offers an excellent investment or redevelopment plot.
The property is a strategic corner plot benefitting from two road frontages giving the site clear visibility from Ngong Road and potential access via two entries off separate roads. This 0.9 acre property is situated in a prime location with huge potential for significant development into commercial offices, hotels, retail use and institutions amongst others subject to obtaining the necessary approvals from relevant government authorities. The site is a fairly level regular shaped plot and has a freehold title. The property is presently developed with some older style 2 and 3 bedroom residential apartments totaling 20 units, the majority of which are currently rented on short term leases. The rents being generated from these units offer a secure stream of income that buyers could utilise whilst they process development approvals. Consequently, a buyer can choose to renovate the current improvements to modern standards so as to increase their economic life and retain the property as a long term investment. Mains electricity, water and sewer are connected to the property. Overall, the property’s strategic location, size and two extended road frontages offer a rare opportunity for redevelopment into a comprehensive scheme subject to obtaining necessary approvals from the relevant government authorities.
Plan
0.990
Listing Date : 06, Jun 2022
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