Very Prime 22.5 Acre Land Fronting Thika Road For Sale.

KES 29.50 Million Per Acre

Property Description

Very Prime 22.5 Acre Land Fronting Thika Road For Sale.
Juja is a rapidly growing neighborhood located along the Thika superhighway which has 3
lanes and an additional single lane on eaither side. It is a dual carriage road linking
Nairobi to Thika making it a major transport artery. With the high land prices in Nairobi,
most of Nairobi’s population has sort alternatives within the outskirts of the city and this
has attributed to Juja’s growth over the years. Affordable housing has also been the
government’s top priority.
Available for sale is a very prime parcel measuring 22.5 acres. This L-shaped plot is very
prime and it is an attractive investment opportunity for reasons outlined below

Key Feautures:

1. Location:
The property is located 30 kilometers from Nairobi CBD and only 6 kilometers from Thika
town. It is along Thika road in Ndarugo, opposite the prestigious Mang’u High School. It is
less than 5 minutes drive from Juja town where JKUAT university is situated. It is in close
proximity to the upcoming bypass linking Juja to Lukenya whose construction is set to
commence soon. The road is presently a murram road used mostly by trucks. The road
will open up the area even further making it more accessible and attractive.

2. Topography and soils:
Half of the plot is fairly flat and the other half is gently sloppy allowing for easy
drainage. The soils are a mixture of red soil, black cotton and murram soils.

3. Coverage:
The plot is vaccant save for a few trees, grass and two small structures that can easily be
demolished.

4. Use/Zoning:
The plot is zoned as residential land but it can easily be converted to be fit for industrial use,
recreational, commercial and institutional use.

5. The title:
The parcel has a clean leasehold title deed of 99 years with effect from 2010.

6. Utilities:
The plot is already connected to the main water and power lines. The sewer line connection
is only 700 meters away at the Weiteithie underpass.

7. Frontage:
The biggest advantage of this plot is its wide frontage that spans nearly half a kilometer. The
480 meter wide frontage is more than three times the length of what would be expected for a
plot of this size.

8. Minimal restrictions:
The parcel is not close to any river, mass water body, military base, flight path or land
planned for the construction of any road. This means that at the time of construction, you
would be at liberty to build multiple floors and no portion of the plot would go to waste.

9. Potential to expand:
There is an option to purchase an additional 400 acres of land that is adjacent to the 22.5
acre plot.

10. It’s history:
Of the 22.5 acres, 9 acres was previously used as a quarry containing 3 shallow pits that
had occupied 5 acres of land. All the three pits have been backfilled properly with rocks and
murram soil.

11. Cost effective:
Presently, properties in the area have averaged a selling price of approximately 50 million
shillings per acre. This parcel however has been highly discounted at about 41% of the
average price in the area making it an even more attractive investment opportunity. The plot
lies within Juja sub-county whose rates and rents are cheaper in comparison to the
neighboring Thika sub-county.

12. Post-sales benefits:
Upon purchase of the property, the perimeter wall can be constructed upon request by the
new owner to seal off the boundary of the premises and enhance the security.

13. Security:
In addition to the possibility of having a masonry perimeter boundary wall, the plot is in close
proximity to Juja police post and the Nyacaba police station.

14. Convenience:
The plot is in close proximity to residential neighborhoods, shopping malls, Juja market,
universities and other learning institutions.

The property is ideal for:
1. Institutions such as universities, churches and hospitals.
2. Property/estate developers.
3. Land selling companies.
4. Those interested in land banking.
5. Factories seeking room for expansion.

Price:
KES. 29.5 million per acre.

To arrange a viewing, WhatsApp Steve https://wa.me/254753444022

Please note that Coral Property International Ltd does not charge any fees for viewings.

Property Id : 129157
Price: KES 29.50 Million Per Acre
Custom ID: 29893396

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Steve Karani