5 Acres Commercial Land for Joint Venture on Mombasa Road

5 Acres Commercial Land for Joint Venture on Mombasa Road - 1
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Price Analysis Above Market

Based on 967 similar listings

Negotiation Tips

Price is significantly above market

Suggested offer: KSh 3.5M

Potential discount up to 97%

Market Demand

High Demand

Details

Type
Commercial Land
Address
JOINT VENTURE 5 ACRES ON MOMBASA RD NEAR NATION
Land Area
8023.25
Facilities
Car Parking, Domestic Sewage, Electric Supply, Water Supply
Access Road
Paved Road
Property Use
Commercial
Type of Purchase
Outright Price
Development Status
Undeveloped

Description

• Prime 5-acre parcel of commercial land situated directly on Mombasa Road, immediately after Nation/Gateway Mall and opposite Syokimau. • The land is flat, accessible via three roads (frontage, right, and left), offering excellent visibility and multiple access points. • Ideal for a joint venture (JV) requiring a 30:70 ratio, with specific needs for mall frontage and apartment development at the rear. • Investors must present drawings aligned with the venture's requirements. • Current land valuation stands at KES 130 million per acre. • Utilities available include electric supply, water supply, domestic sewage, and car parking facilities. • Access is via a paved road, suitable for commercial development.

Compare

5 Acres Commercial Land for Joint Venture on Mombasa RoadThis item
5 Acres Commercial Land for Joint Venture on Mombasa Road
KSh 130,000,000
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TypeCommercial LandResidential LandCommercial Land
FacilitiesCar Parking, Domestic Sewage, Electric Supply, Water Supply——
AddressJOINT VENTURE 5 ACRES ON MOMBASA RD NEAR NATIONKiambuChemelil Road, near Kenyatta University Parklands
Land Area8023.25—0.34
Access RoadPaved Road—Paved Road
Property UseCommercialResidentialCommercial
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusUndeveloped—Undeveloped
PriceKSh 130,000,000KSh 120,000,000KSh 139,000,000