Commercial property for sale
                      Westlands, Nairobi
                    
                        
                            Income generating 3blocks furnishedapartments on 0.66acre in westlands
asking price ksh 450,000,000
negotiable
call 0787309099 or 0781182192
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 reque...
                        
                        More details
                        
                        
                    
                        
                     
                    
                        KSh 450,000,000                                            
                    
                    
                    
                    
                    
                        Sir Francis Ltd
                                                    
                                  0116236290