Sale
Commercial Property
Nairobi
Westlands
Westlands Area
0.5 ac Commercial Property with Backup Generator in Westlands Area

0.5 ac Commercial Property with Backup Generator in Westlands Area

Westlands Area, Westlands

KSh 1,200,000,000

0.5 ac Commercial Property with Backup Generator in Westlands Area

0.5 ac Commercial Property with Backup Generator in Westlands Area - 1

0.5 ac Commercial Property with Backup Generator in Westlands Area - 2

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Size:

0,5 ac

KSh 1,200,000,000

Westlands Area, Westlands

Size:

0,5 ac

Description

Explore a lucrative investment opportunity with this prime commercial property now available for sale at an asking price of KSh1,200,000,000. Situated on 0.5 acres, the property boasts a substantial building with a total area of 119,000 sq ft, including an impressive lettable space of approximately 85,000 sq ft. Presently, the property exhibits a commendable 95% occupancy rate, underlining its desirability and potential for stable returns. The lease cost per square foot varies, yet the average stands at a competitive 80 KSh, positioning this asset favorably in the market. Additionally, a reasonable service charge of 20 KSh per sq ft contributes to the overall attractiveness of the investment. The property's financial performance is robust, generating an annual rental income of approximately KSh 90 million. This consistent revenue stream underscores the investment's potential to deliver substantial returns over time. Serious investors seeking a strategic and high-yielding commercial property in a prime location should consider this opportunity. Don't miss the chance to acquire this asset at the asking price of KSh1.2 billion, a figure reflective of its value and income potential in the dynamic real estate market. Price:Ksh1.2B Call: