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Silver
11
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KSh 88,000,000
Roysambu - Lumumba drive, Thika Road
Description
A high quality strongly built old block of flats for sale in Roysambu, Lumumba Drive. This property is truly an old is gold type of property located next to Tsavo Apartments, approximately 200 meters from Thika Road Mall. This robust building allows for potential vertical expansion. It sits on a quarter acre of land with a clean title deed and all necessary structural approvals. the cherry on the icing for this property it is also company owned and the purchaser will be transferred full rights making it cost-effective for the purchaser.
The building has three floors, each with ten apartments. The ground floor consists of three fully rented go downs which are fully rented and upper floors hosts 30 residential units of two and three-bedroom apartment. The building is currently 95% occupied.
The property offers easy access to the main road and proximity to Thika Road Mall, Garden City Mall, USIU University, and other retail outlets in the area. Water and electricity meters are installed and operational.
This property is ideal for an investor looking to add two more floors and make minor renovations to justify a rent increase, as the current market rates are KES 30,000 - KES 25,000 for two-bedroom units.
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Specifications
Created on: 08.11.2024
Bedrooms:
2
Bathrooms:
1
Size:
0.25 ac
Amenities
Nearby
Shopping Centre
Bus Stop
Hospital
School
Mortgage Calculation
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KSh 0
KSh 100M
3 Years
25 Years
0 %
80 %
88,000,000 KES
Amount Financed: 88,000,000 KES
Standard Chartered Bank
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Contact details
Vivian Mwangi
Pam Golding Properties
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