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Offices For Sale In Westlands (Rent To Own Terms)

KES 12.5K psf + vat

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Property Id : 50505
Price: KES 12.5K psf + vat

About this property

Offices for sale in a brand new office block within the Westlands CBD. This 21 storey office block consists of 7 floors for parking, 14 floors for offices (13th and 14th floors have a double-height and command awesome views of the city). The building has all major features/amenities that a modern office development would need i.e. 4 lifts, full backup power, common washrooms and kitchenettes, water and waste points for owners to fit their own washrooms and kitchenettes, fire detection and prevention system, etc.

Available Sizes:

  • 10,958.89 sqft (full floor)
  • 1824.34 sqft (2nd to 7th floor)
  • 2240.9 sqft (2nd to 7th floor)
  • 958.77 sqft (2nd to 7th floor)
  • 2049.57 sqft (2nd to 7th floor)
  • 1969.26 sqft (2nd to 7th floor)

Rent To Own Payment Plan Example

1000 sqft at the price of KES 12,500 + VAT =  14,500 per sqft

Price for 1000 sqft = KES 14.5m

Down payment of 25% = KES 3.7m

The balance 75% spread over 10 years interest-free, no rent escalation, no hidden charges.

Rent charged at KES 77.58 per sqft plus VAT = KES 90 per sqft inclusive of VAT

Therefore monthly rent for 1000 sqft = KES 90,000/-

Annual Rent = KES 1,080,000

After 10 years = Kshs 10,800,000/-

KES 10.8m added to the initial down payment of KES 3.7m adds up to KES 14.5m

Please Note

  • Price per sqft for the 13th & 14th floor is KES 14,000 + VAT due to the double-height ceiling.
  • Parking @ KES 1.25m + VAT per bay also eligible for the rent-to-own plan.
  • Cash buyers are eligible for a discount.
  • Service charge @ approx KES 20 psf + VAT

Steve Karani

Commercial Sales & Lettings

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Call +254753444022 WhatsApp
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Steve Karani