Property Description
An exceptional investment opportunity in the heart of Nairobi’s Central Business District (CBD), the largest city in the East African region. This six-story commercial building, fully occupied at 100% occupancy, offers a range of features and certifications that make it a highly attractive and lucrative property.
Key Features and Amenities:
Strategic CBD Location: Situated in the bustling Nairobi CBD, providing unparalleled access to business opportunities.
Full Occupancy: This six-story building is fully tenanted, ensuring a steady stream of rental income.
Corner Plot: Occupies a corner plot measuring 0.1656 acres, maximizing visibility and accessibility.
Size and Efficiency: Boasts a built-up area of 37,741 sqft and a lettable area of 29,300 sqft, maximizing rental potential.
IFC Edge Certification: The property has received the prestigious IFC Edge Certification, highlighting its commitment to sustainability.
Leasehold Title: Holds a leasehold title deed of 50 years with effect from 1st March 1999, with an annual revisable ground rent of KES. 230,000.
Recent Renovation: Renovated in 2016, ensuring modern infrastructure and aesthetics.
Infrastructure: Equipped with a lift, concrete staircase, and two fire emergency exits for safety.
Power Supply: Features a 232 KVA generator, solar rooftop panels, and connection to the main KPLC power grid, ensuring uninterrupted electricity supply.
Strong Income: Boasts a net annual operating income of approximately KES. 45 Million, making it a financially sound investment.
Prime Location: Fronts two busy roads within the CBD and offers potential for redevelopment to match nearby buildings with larger lettable areas.
Water and Sewer: Equipped with underground and overhead water storage tanks, connected to the council water and sewer lines.
Accessibility: Located in close proximity to the main bus stops, providing convenience for tenants and customers.
Delivery Convenience: Features pedestrian access and a large gate at the backside for delivery trucks.
Well-Lit Spaces: All spaces within the building are well-lit, creating a welcoming environment.
Amenities: Each floor has separate washrooms for ladies and gents, as well as a shared kitchenette.
Price: KES. 500 million (Slightly Negotiable)
To arrange a viewing, WhatsApp Mandela https://wa.me/254787333662
Please note that Coral Property International Ltd does not charge any fees for viewings.
