R148,068,210
R148,068,210
Erf 0.65 ha

1.6-acre parcel currently improved with an old style three apartment block. The location strongly supports high-rise commercial development, subject to demolition of the existing improvements.
The property allows for a phased strategy: investors can secure approvals while holding income, generating circa KSh 40M per annum prior to redevelopment. Vacant possession will be achieved following an agreed notice period to allow all parties to vacate.
This asset is ideal for developers seeking:
Land banking with immediate cash flow
High-density commercial or mixed-use redevelopment
Capital appreciation driven by zoning and location fundamentals