Prime Commercial Property in Mlolongo

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Details

Type
Residential Land
Title
Lease Agreement
Address
Mlolongo
Land Area
55
Facilities
Electric Supply, Water Supply
Listing by
Agent
Access Road
Paved Road
Property Use
Residential
Type of Purchase
Outright Price
Development Status
Partially Developed

Prime Commercial Property in Mlolongo Highlights

  • Prime Mlolongo Location: Mlolongo is a rapidly developing area with increasing demand for residential properties. It offers a strategic location with good connectivity to Nairobi and other key areas.
  • Residential Land Parcel: This type of land is designated for building homes, making it suitable for individuals or families looking to construct their own residence.
  • Leasehold Title: A leasehold title grants the owner the right to occupy and use the land for a specified period, typically 99 years. It is a common form of land ownership in many urban areas.
  • Essential Utilities Available: The availability of electric supply and water supply are crucial for any residential development, ensuring basic needs are met for comfortable living.
  • Paved Access Road: Properties with access to paved roads benefit from easier transportation and accessibility, reducing travel time and improving convenience.
  • Partially Developed Potential: A partially developed plot indicates some existing infrastructure or groundwork, which can potentially reduce initial construction costs and timelines.

Description

• Two-story commercial building with 21 single and double rooms, plus two shops. • Located in Mlolongo, a developing area with increasing commercial activity. • Property is on a 99-year leasehold tenure, commencing in 2025. • Generates a monthly income of KES 140,000. • Features include electric supply and water supply. • Situated on a paved access road, facilitating easy movement. • Partially developed, offering potential for further expansion or customization. • Address: Mlolongo, Nairobi Central.

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TypeResidential LandResidential LandResidential Land
FacilitiesElectric Supply, Water SupplyCar Parking, Domestic Sewage, Electric Supply, Gas Supply, Rain Water Drainge, Water SupplyCar Parking, Domestic Sewage, Rain Water Drainge, Water Supply
TitleLease Agreement——
AddressMlolongoKahara roadMigaa Golf Estate
Land Area55—25
Listing byAgentAgentAgent
Access RoadPaved RoadGravel RoadPaved Road
Property UseResidentialResidentialResidential
Type of PurchaseOutright PriceOutright Priceper Plot
Development StatusPartially DevelopedClearedFully Developed
PriceKSh 14,000,000KSh 14,000,000KSh 15,000,000

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