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

Property Description

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.

Available Space:

• 4 units approx. 1950 sqft each.
• 1460 sqft.
• 3750 sqft.

• 1580sqft
• 1683sqft
• 1831sqft
• 1855sqft
• 1833sqft

• 1876 sqft
• 1843 sqft
• 3418 sqft

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