50×50 RE-DEVELOPMENT PLOT FOR SALE, GITHURAI 44

Name: Lesama Limited
Price range: $$$

KES11,000,000

50×50 RE-DEVELOPMENT PLOT FOR SALE, GITHURAI 44. There are several reasons why you would consider this investment.

Rental Income: The rental income of the 50×50 redevelopment plot for sale in Githurai 44 is kes 65,000 per month. This means that I can start earning income from the property right away, which will help to offset any costs associated with the investment. It’s important to conduct a thorough analysis of the current rental income to ensure that it’s sustainable and to assess whether there is potential to increase the rental income over time.

Development Potential: The potential to develop high-rise apartments on the property is a valuable opportunity to increase the property’s value and rental income. There is high demand for 1-bedroom, 2-bedroom, and bedsitter apartments in the area indicating that there is potential for high occupancy rates and a steady rental income stream. It’s important to conduct a feasibility study to determine the viability of the development, including assessing the costs of development and the potential return on investment.

The location of the property is a key factor to consider. Githurai 44 is a desirable area with easy access to amenities such as shopping centers, schools, and hospitals. This makes the property more attractive to potential tenants and can help to ensure a high occupancy rate. It’s important to conduct market research to understand the demand for rental properties in the area and to assess whether the potential rental income is competitive with similar properties in the area.

Located in Githurai 44, off Kamiti Road
50×50 residential plot ideal for rental building construction
It has a building that generates a monthly rental income of Kes 65,000
Sewer Line next to the building
It is fronting the cabro-paved Githurai 44-Githurai 45 Road
It is ideal for the construction of highrise apartments consisting of bedsitters, one bedroom and two bedroom that goes for kes 7,000, Kes 10,000 and Kes 15,000 respectively
Ready to transfer title deed.
No encurmbanent
Ready for immediate development

PRICE: KES 11M Negotiable

Viewing is free and on an arrangement.