Income Generating 3blocks Furnishedapartments On 0.66acre In Westlands

Block of Flats For Sale westlands Nairobi selling for KSh450,000,000. See property details on PrivatePropertyKenya.com or browse all our range of properties in westlands Westlands Nairobi

Income Generating 3blocks Furnishedapartments on 0.66acre in Westlands
Asking Price Ksh 450,000,000
Negotiable
CALL [redacted] OR [redacted]
DESCRIPTION:
These are furnished and serviced apartments situated off Brookside Drive
In Westlands. The location offers proximity to areas such as Gigiri, Parklands ,
Rosslyn, Nyari , Lower Kabete and Westlands
The property is in a quiet, serene and well-maintained neighborhood and
is frequented by quality tenants such as expatriates and international
organizations at competitive rental levels.
The property offers 3 Blocks of 24 apartments comprised of 2 Studios,
5 1-Bedrooms and 17, 2-Bedroom furnished apartments.
#TITLE &TENURE
The property is built on 0.6508 acres and extends to 2,767 Sqm in gross built area.
The Title is of leasehold term of 24 years and 2 months from the 1st July 2019
(c.24 years and 2 months unexpired).
The payable land rent is Ksh. 22,720 p.a while land rates amount to
Ksh. 38,590 p.a.
A total of Kshs.61,310 p.a .
*PROPERTY BREAKDOWN*
Blocks Comprise of;
💫(A) 6 units of 2-Bedroom and 2 units of 1-Bedroom
💫(B) 6 units of 2-Bedroom, 2 units of 1-Bedroom and 1 Studio
💫(C) 5 units of 2-Bedroom and 1 unit of 1-Bedroom
💫Gym
💫Clubhouse
💫1 Studio
💫Steam and Sauna
💫Gents and Ladies
💫Caretaker’s Accommodation
Amenities
💫Ample parking of about 36 cars,
💫Swimming pool ,
💫Gym
💫Steam and Sauna
💫Electricity and water:
💫Mains for electricity and water and sewerage are connected to the property.
💫Water tanks:
💫An underground water tank of estimated capacity of 60,000 Liters.
💫Generator:
💫A standby generator
TENANCY OVERVIEW:
The apartments have occupancy of above 90%. It's location is prime and commands
rental rates of about Ksh 85,000 for studios, Kshs.140,000 for 1 Bedrooms and
Kshs.160,0000 for 2 Bedrooms .
Currently the building has an average rental income of Kshs.3.59M per month
(Kshs.43.08 Million per annum) at 100% occupancy Copies of tenancy schedule,
operating expenses are available upon request.