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Income Producing 7 Storey Building For Sale In Westlands – Investment Property

Posted by Victor Chacha on January 12, 2022
0

KSh 120,000,000.00

The property has a built-up area of approx 12,000 sqft comprising of ground-floor retail shops and six floors of offices.

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Description

This is a wonderful investment property located at a prime junction in the heart of Westlands CBD.

The property has a built-up area of approx 12,000 sqft comprising of ground-floor retail shops and six floors of offices. It has been divided into small and easily lettable units. The building is currently approx 90% let.

The property has 8 dedicated parking spaces with private parking, county parking, and excellent public transport links available nearby.

The building currently has an income of approx KES 10.6m inclusive of VAT after deduction of service charges or approx KES 14.2m inclusive of service charge before deduction of service charges.

The building is well maintained and was fully renovated in 2017. It has a lift, generator, and guardhouse.

Asking Price: KES 120 million + VAT

Additional information

Area

Westlands

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