Details

ONE EIGHTH ACRE PLOT FOR SALE, RUAKA

• Rental Income: The property has 12 rental buildings of bedsitters generating a total monthly rental income of Kes 108,000. This provides a steady stream of income to the new owner, and there is potential to increase rental income by renovating or building additional rental units.

• Location: The property is located in Gacharage, touching Redhill Road, which is a desirable location for both residential and commercial purposes. The location is easily accessible and close to important amenities such as schools, hospitals, shopping centres, and transportation hubs. This could potentially increase the value of the property and rental demand.

• Re-development Potential: The property presents an opportunity to re-develop and add more rental units or other structures that may better fit the owner’s desired use. This could potentially increase the rental income generated and the overall value of the property.

• Diversification of Investment Portfolio: Owning a rental property can be an excellent way to diversify your investment portfolio. The rental income generated can provide a stable cash flow and potentially appreciate over time. Investing in real estate is also a way to hedge against inflation and provide a source of income in retirement.

• Potential for Appreciation: The property is located in a desirable area that may experience appreciation in property value over time. This could potentially increase the return on investment for the new owner.

Example to illustrate the potential benefits of buying the ⅛ acre re-development plot for sale in Gacharage:

Suppose the property is priced at Kes 22 million, and you have the funds available to purchase it without taking out a loan. The current rental income generated by the 12 rental buildings is Kes 108,000 per month or Kes 1,296,000 per year.

Assuming you spend Kes 3 million renovating or re-developing the property to add more rental units or upgrade the existing units, and you’re able to increase the monthly rental income to Kes 150,000 per month, or Kes 1,800,000 per year, this would represent 38% increase in rental income.

Assuming you hold onto the property for 10 years and the value of the property appreciates by an average of 5% per year, the value of the property could potentially increase to Kes 38 million by the end of 10 years.

ONE EIGHTH ACRE PLOT FOR SALE, RUAKA FEATURES

• ⅛ acre plot
• The plot consists of 12 rental buildings of bedsitters
• Total monthly rental income of Kes 108,000
• All documents are ready & available
• It is located in Gacharage touching Redhill Road, near the western Bypass.
• This is an opportunity for the potential buyer(s) to earn income as he/she awaits to redevelop the property.

Price: KES 22M

Viewing is free and on arrangement.

For more information call 0700 215 848 or 0719 443 339

Email: Info@lesama.co.ke