70.000 For Sale In Nairobi

Nairobi

KES 580,000,000

Description

  • A strategic and prime property benefitting from a wide road frontage giving the site clear visibility from Mbaazi Avenue. The property offers an excellent redevelopment or investment opportunity.

    The site is a fairly level L-shaped plot measuring approximately 2.33 acres and has a freehold title. The property’s location, size, shape and a wide road frontage offer a rare opportunity for redevelopment into a comprehensive scheme subject to obtaining necessary approvals from the relevant government authorities. Mbaazi Avenue has witnessed a development character change largely into residential apartments.

    The subject property is therefore best placed to offer the greatest potential for maximum site utilisation to capitalise on the enhanced density within the immediate neighbourhood. The property is presently developed with 8 older style townhouses, the majority of which are currently rented out and has enjoyed an excellent occupancy track record over the years with only a few registered voids. The rents being generated from these units offer a secure stream of income that buyers could utilise whilst they process or consider their development plans.

    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 and water are connected to the property as well as a borehole to supplement the mains water supply.

Plan

70.000
Listing Date : 06, Jun 2022

Other similar properties

1.000 Acres For Sale In Machakos

KES 25,500,000

Machakos
1.000 Acres
0.250 Acres For Sale In Muthiga

KES 18,000,000

Muthiga
0.250 Acres
3.000 Acres For Sale In Ruiru

KES 57,000,000

Ruiru
3.000 Acres
3.000 Acres For Sale In Ruiru

KES 57,000,000

Ruiru
3.000 Acres
3.000 Acres For Sale In Ruiru

KES 57,000,000

Ruiru
3.000 Acres
3.000 Acres For Sale In Ruiru

KES 57,000,000

Ruiru
3.000 Acres

Follow Us on Social Media