Kes 55,000,000 Property Type : Houses & Apartments for Sale

More Information

The property has good architectural design, quality of material, spacious rooms, and corridors that separate the apartments, which guarantees tenants privacy.
Each apartment has a well-appointed balcony and the ground floor offers ample private parking space for vehicles.
The ground floor with a perimeter wall offers a relaxation space amid flowers and fruit trees within the compound.
The property has adequate water reservoirs and shares the water mains with Tusky`s Supermarket which guarantees a secure and steady supply of water year round.
The property is situated within Ongata Rongai Township behind right opposite the main Tusky’s Supermarket. Approach is via an unmarked road near the entrance of Tuskey’s supermarket for about 200 metres. The property is easily accessible via Magadi Road. The property is occupied by monthly paying tenants. The neighborhood is developed with similar residential blocks of flats mainly for rental purposes.

Specifications & Financials
Erected on the plot are two five storey blocks of flats comprising sixteen (16) two-bedroom flats and 4 one (1) bedroom units.
Entrance is through a double lockable metal gate opening onto a verandah the 2 bedrooms comprise of a living room, passage, kitchen with inbuilt wardrobes, 2 bedrooms with inbuilt wardrobes and bathroom
Mains water and electricity are connected to the property while drainage is via septic tank.
• Completion date – 2013
• Estimated Gross monthly rental income – Kshs.286,000.00 (note the property has a potential of generating Kshs. 380,000.00 per month with active management).
• Tenure-Leasehold for 99 years w.e.f from 1st Octber 1992
• Plot size-0.0405HA or 0.1 Acres
• Price Guide – 55 Million (Negotiable)
• Fully occupied with a waiting list of interested tenants.

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