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New Retail & Office Space To Let In The Heart Of Westlands

from KES 100 + 20 sc + vat

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Property Id : 49455
Price: from KES 100 + 20 sc + vat

About this property

Built on an acre, this new development is located in the heart of Westlands and will soon be having a well known 4.5-star international hotel as an anchor tenant occupying 10 floors thereby ensuring a steady flow of quality foot traffic for the retail units on the ground, first and second floors.

The development has a total number of 33 shops ranging from 1,500 sqft to 4,000 sqft, 21 offices ranging from 1,400 sqft to 6,000sqft.

Areas

  • Ground Floor – 21,500 sqft
    Thoughtfully designed for the waiting lounge of the hotel, a coffee shop at the entrance, a quality express supermarket and a few retail shops.
  • First Floor – 21,800 sqft
    This will hold a mixture of retail shops, showrooms and restaurants.
  • Second Floor – 21,800 sqft
    This too will hold a mixture of retail shops, showrooms and restaurants.
  • Third Floor – 24,000 sqft
    Fully let out to a state of the art gaming zone which will cater to all age groups.
  • Fourth Floor – 23,000 sqft
    Office space ranging from 1400 – 6000 sqft
  • Fifth Floor – 23,000 sqft
    Office space ranging from 1400 – 6000 sqft

Features:

  • Security based on international standards due to the presence of a well known hotel.
  • 3 levels of basement parking with 250 parking bays for mainly the tenants and their clientele (hotel guests will generally stick to pick up and drop off arrangement).
  • Escalators serving two floors.
  • 2 passenger lifts and 1 service lift.
  • 3 fire exit staircases.
  • Each floor with a disabled, gents and ladies washrooms.
  • Power backup generators.
  • Borehole & county water connections.
  • Fire detection and suppression systems in place.
  • Provision for air conditioners, water and networking in each unit.

Rates & Terms:

  • Ground Floor – KES 175 + 20 SC + VAT per sqft
  • 1st & 2nd Floor – KES 140 + 20 SC + VAT per sqft
  • 4th & 5th Floor – KES 100 + 20 SC + VAT per sqft
  • Parking – KES 10,000 + VAT per bay
  • 5.5 years lease period
  • 5% yearly increment on rent
  • 3 months’ rent as the security deposit
  • Legal fees for lease preparation and stamp duty to be borne by the tenant

Ashraf Alarakha

Commercial Sales & Lettings

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Ashraf Alarakha