Prime 0.1 Acre Land for Sale in Parklands – Ideal for Residential and Commercial Development
We are pleased to offer land for sale in Parklands, located in a highly desirable neighborhood, just steps away from the City Park Mosque. This versatile property offers an excellent opportunity for both residential and commercial development, situated on a 0.1-acre plot with high visibility and great rental income potential.
Key Features of This Land for Sale in Parklands:
Location: Prime land for sale in Parklands, just minutes away from City Park Mosque and conveniently located near essential amenities, public transport, and business hubs.
Plot Size: 0.1-acre plot, perfect for developing a residential or mixed-use property that can yield strong rental returns.
Asking Price: KES 50 Million.
Current Rental Income:
The property currently includes a 3-bedroom house generating between KES 150,000 to KES 180,000 per month.
In addition, the property features a self-contained 1-bedroom apartment, which generates KES 45,000 to KES 55,000 per month from short-term or long-term leasing.
There is also an office space on the property, currently rented out, generating an income of KES 70,000 to KES 80,000 per month.
Investment Potential:
The current rental income from the 3-bedroom house, apartment, and office space can range between KES 265,000 to KES 315,000 per month, making it a solid investment.
This land for sale in Parklands offers great potential for redevelopment, either as residential units, commercial space, or a mixed-use development, with the opportunity for significant rental yields and capital appreciation.
Parking: The property offers 2 to 4 parking spaces, making it ideal for tenants or customers.
Opportunity: This land for sale in Parklands presents an incredible investment opportunity in one of Nairobi’s most sought-after areas. Whether you’re looking to develop residential units, commercial spaces, or a combination of both, this property offers great rental returns and future growth potential.
Price: KES 50 Million
