Prime double-storey commercial cum residential block Off Mombasa Road

This property offers an appealing investment opportunity in a prime area off Mombasa Road, Nairobi. Here’s a summary of the key details:

Location:

• Estate: Executive Housing Estate, Nairobi City County
• Proximity: Approximately 700 meters off Likoni Road
• Coordinates: -1.3211495761924419, 36.854356915783534

Property Details:

• Plot Area: 0.1 hectares (approximately 0.2471 acres)

Title Information:

• Tenure: Leasehold for 99 years from May 1, 1995 (71 years remaining)
• Ground Rent: KSh. 53,000 per annum

Services:

• Mains electricity, sewer, and water services connected
• Tar-surfaced estate roads

Improvements:

• Type: Double-storey commercial/residential block
• Commercial Section (Ground Floor):
  • 7 shops with individual washrooms and small stores
  • Front and back entrances for all shops
  • Loading zone with 15 shared parking bays
  • High ceiling with potential for mezzanine levels
• Residential Section (First Floor):
  • 4 three-bedroom apartments
  • 2 bedrooms en suite, plus one common bath
  • Dhobi area included
  • 1 parking bay per unit

Community:

• Located within a residential estate consisting of 99 executive maisonettes

Accessibility:

• Well-serviced by public transport (Matatus and PSVs) from South B to CBD, with stations near Afya Centre.

Price:

• Guide Price: KSh. 120 million

Viewing:

• Arrangements: By appointment only

This property stands out due to its strategic location, diverse use (commercial and residential), and existing infrastructure. If you’d like more specific insights into pricing trends in the area, investment potential, or how to arrange a visit, feel free to ask!