Prime Investment Opportunity in Nyali, Mombasa
Property Overview:
Location: Nyali, Mombasa, Kenya
Property Type: Residential
Units: Four spacious 3-bedroom apartments
Additional Income: Separate bedsitter generating Kshs 15,000 per month
Land Size: Approximately a quarter-acre (10,890 square feet)
Extra Land: Approximately 5,000 square feet available for further development
Distance to Ocean: Third row from the ocean
Proximity: Walking distance to Cinemax Arcade Nyali and major international schools
Access: Easily accessible
Utilities: Water and power connections on-site
Occupancy: Fully occupied and ready for settlement
Documentation: Clean and ready for transfer
Description:
This is a fantastic investment opportunity located in the prime area of Nyali, Mombasa. Situated on a spacious quarter-acre piece of land, this property consists of four generously sized 3-bedroom apartments, each currently fetching Kshs 50,000 per month, providing a total monthly income of Kshs 200,000. Additionally, there is a separate bedsitter on the property generating an additional Kshs 15,000 per month, bringing the total income to Kshs 215,000 per month.
The property also boasts approximately 5,000 square feet of vacant land, perfect for further development to increase your income potential. Whether you choose to demolish the existing complex for a high-rise development or renovate it for increased rental income, this property offers excellent flexibility and investment potential.
Its strategic location, being just a short walk from Cinemax Arcade Nyali and major international schools, makes it highly attractive to both residents and investors. Furthermore, it is only the third row from the ocean, providing a serene coastal atmosphere.
For a quick sale, this prime investment property is being offered at Kshs 50,000,000. With water and power already on-site and clean, ready-to-transfer documents, this is an outstanding opportunity to invest in the thriving real estate market of Nyali, Mombasa. Don't miss out on this rare chance to own a piece of prime real estate with excellent income potential. Contact us today for more information and to schedule a viewing.
