1/4 Acre Prime Commercial Plot with Apartments

1/4 Acre Prime Commercial Plot with Apartments - 1
1 / 5

Price Analysis Above Market

Based on 590 similar listings

Negotiation Tips

Price is significantly above market

Suggested offer: KSh 3.05M

Potential discount up to 88%

Market Demand

High Demand

Details

Type
Commercial Land
Address
Rukufi
Facilities
Car Parking, Electric Supply, Water Supply
Access Road
Paved Road
Property Use
Commercial
Type of Purchase
Outright Price
Development Status
Partially Developed

1/4 Acre Prime Commercial Plot with Apartments Highlights

  • Commercial Land Use: Commercial plots are zoned for business activities, offering opportunities for retail, offices, or industrial development. Their value is often tied to location and accessibility.
  • Paved Road Access: Properties with paved road access generally benefit from easier transportation of goods and customers. This can enhance the plot's commercial viability and appeal.
  • Utility Connections: Access to essential utilities like electricity and water supply is crucial for any commercial development. This reduces initial setup costs and facilitates immediate construction or operation.
  • Partially Developed Status: A partially developed plot may have some foundational work or existing structures, potentially saving time and resources for the buyer. It allows for customization while leveraging existing infrastructure.
  • Car Parking Availability: Adequate car parking is a significant advantage for commercial properties, attracting more customers and employees. It contributes to the overall convenience and functionality of the business premises.

Description

• 1/4 acre (approximately 1,011 square meters) prime commercial plot in Wangige. • Features an existing apartment block with 12 bedsitters; 6 are currently occupied, and 3 are 85% complete. • Current monthly rental income from occupied units is KES 12,500 per bedsitter, totaling KES 150,000. • Ample undeveloped space available for further construction of additional rental units or commercial structures. • Located on a paved road, ensuring good accessibility for tenants and customers. • Essential utilities including water and electricity supply are available on site. • Property is partially developed, offering immediate income potential while allowing for future expansion.

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TypeCommercial LandResidential LandResidential Land
FacilitiesCar Parking, Electric Supply, Water SupplyElectric Supply, Water SupplyDomestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water Supply
AddressRukufiOlkeri, NgongKijani Ridge Tatucity
Access RoadPaved RoadPaved RoadPaved Road
Property UseCommercialResidentialResidential
Type of PurchaseOutright Priceper AcreOutright Price
Development StatusPartially DevelopedPartially DevelopedUndeveloped
PriceKSh 26,000,000KSh 25,000,000KSh 28,000,000

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