8.900 For Sale In Nairobi

Nairobi

KES 360,000,000

Description

  • This is a prominent and strategically positioned vacant site off The Eastern Bypass in Nairobi County. The site is
  • only 200m from Infinity Industrial Park and 1km from the Eastern Bypass. The site comprises of two regular shaped undeveloped plots adjacent to each other measuring approximately 8.9 acres (3.44ha) in total. The site is largely vacant and has been fully excavated to remove the black cotton soil and has been secured with a barbed wire perimeter fence. The current user is Light Industrial and is ready for immediate development. The vendor had received approval from
  • the Nairobi City County to develop warehouses on the two sites.
  • The site would be ideal for a number of occupiers including but not limited to:
  • • Logistics development
  • • Manufacturing complex
  • • Residential apartments
  • Tenure
  • The two adjacent sites are held under long Leasehold interests:
  • • LR Nos. 9363/2824 for a term of 99 years from 1st February 2018 subject to an annual rent of KES. 150,150
  • • LR Nos 9363/2390 for a term of 99 years from 1st July 2016 subject to an annual rent of KES. 367,500
  • Planning & Alternative Use
  • The current user is Light Industrial however, the location is well suited for a higher density commercial development like a
  • logistics park, a warehousing complex incorporating offices or possibly a residential use. The site is vacant and ready
  • for development immediately subject to approvals from the relevant government authorities.
  • With proximity to The Eastern Bypass which is now one of the upcoming industrial nodes away from the traditional Industrial Area would ensure that the developments on the site would be viable.

Plan

8.900
Listing Date : 15, Jun 2022

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