Commercial Building For Sale In Ruiru – Income Producing Investment

KES 62.50 million

Property Description

Ruiru is growing rapidly and is the 6th largest urban center in Kenya. It sits at the junction of two mega road infrastructure projects – Thika Superhighway and the Eastern Bypass. It is also sandwiched between the two massive upcoming master-planned cities of Tatu and Northlands. This particular property is also located close to the C65 (Ruiru Githunguri Road) that is currently being upgraded.

The property is located in the heart of Ruiru town and is a well-known building with great footfall. The building has 3 floors of lettable space with foundations strong enough to support additional floors.

The building sits on approx 0.11 acres of land and has a built-up area of approx 22,000 square feet.

The property produces an income of over KES 4.5m per annum net of service charges at approx 80% occupancy.

This is an ideal investment property with the potential to increase income through increased occupancy or the building of additional floors. The property could also be suitable for an owner-occupier growing or setting up a business in the thriving Ruiru Town.

Asking Price: KES 62.5 million

Property Id : 58950
Price: KES 62.50 million
Property Size: 22,000.00 ft2
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Meehir Shah