Commercial property for sale

Westlands, Nairobi

KSh 450,000,000 For Sale

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3 Blocks Fully Furnished Serviced Apartments on 0.66acres in Westlands, Westlands, Nairobi, Commercial Property for Sale

Description

3 blocks of fully furnished and serviced apartments on 0.66 acres in westlands. asking price ksh 450,000,000 negotiable for more information call o73200682 or 0700450202 description: these are furnished and serviced apartments situated off brookside drive in westlands. the location offers proximity to areas such as gigiri, parklands , rosslyn, nyari , lower kabete and westlands the property is in a quiet, serene and well-maintained neighborhood and is frequented by quality tenants such as expatriates and international organizations at competitive rental levels. the property offers 3 blocks of 24 apartments comprised of 2 studios, 5 1-bedrooms and 17, 2-bedroom furnished apartments. #title &tenure the property is built on 0.6508 acres and extends to 2,767 sqm in gross built area. the title is of leasehold term of 24 years and 2 months from the 1st july 2019 (c.24 years and 2 months unexpired). the payable land rent is ksh. 22,720 p.a while land rates amount to ksh. 38,590 p.a. a total of kshs.61,310 p.a . *property breakdown* blocks comprise of; (a) 6 units of 2-bedroom and 2 units of 1-bedroom (b) 6 units of 2-bedroom, 2 units of 1-bedroom and 1 studio (c) 5 units of 2-bedroom and 1 unit of 1-bedroom gym clubhouse 1 studio steam and sauna gents and ladies caretaker's accommodation amenities ample parking of about 36 cars, swimming pool , gym steam and sauna electricity and water: mains for electricity and water and sewerage are connected to the property. water tanks: an underground water tank of estimated capacity of 60,000 liters. generator: a standby generator tenancy overview: the apartments have occupancy of above 90%. it's location is prime and commands rental rates of about ksh 85,000 for studios, kshs.140,000 for 1 bedrooms and kshs.160,0000 for 2 bedrooms . currently the building has an average rental income of kshs.3.59m per month (kshs.43.08 million per annum) at 100% occupancy copies of tenancy schedule, operating expenses are available upon reque...