For Sale: Commercial Building, Muindi Mbingu Street, Nairobi Central, Nairobi (Ref: 7100)

Commercial Building

  • Commercial Building, Muindi Mbingu Street, Nairobi Central, Nairobi, Commercial Property for Sale
  • Commercial Building, Muindi Mbingu Street, Nairobi Central, Nairobi, Commercial Property for Sale
  • Commercial Building, Muindi Mbingu Street, Nairobi Central, Nairobi, Commercial Property for Sale
  • Commercial Building, Muindi Mbingu Street, Nairobi Central, Nairobi, Commercial Property for Sale
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Property Description

The property is located on Muindi Mbingu Street overlooking Jeevanjee Gardens. It is in close proximity to Kenya Comfort Hotel, Parkside Hotel and Four ways Towers within Nairobi's Central Business District, Nairobi County. Nakumatt Lifestyle (Now NSSF Trade centre under construction) is behind the property.

Access:
The main access onto the property is from Muindi Mbingu Street.

Improvements:
The plot is developed with a three (3 No.) storied commercial house with a basement and mezzanine floor.

Security:
Private guards have been engaged to secure the property both day and night.

Accommodation:

1. BASEMENT:
Floor Area -- 5,700 sq. ft
Rental rate -- Kes 50 per sq. ft
RENTAL INCOME PER MONTH -- KES 285,000

2. GROUND FLOOR
Floor Area -- 4,819 sq. ft
Rental Rate -- Kes 300 per sq. ft
RENTAL INCOME PER MONTH -- KES 1,445,700

3. MEZZANINE FLOOR
Floor Area -- 3,584 sq. ft
Rental Rate -- Kes 150 per sq. ft
RENTAL INCOME PER MONTH -- KES 537,600

4. FIRST FLOOR
Floor Area -- 3,841 sq. ft
Rental Rate -- Kes 123 per sq. ft
RENTAL INCOME PER MONTH -- KES 304,100

5. SECOND FLOOR
Floor Area -- 3,841 sq. ft
Rental Rate -- Kes 80 per sq. ft
RENTAL INCOME PER MONTH -- KES 307,280

Current Tenancy:
The first and second floors are currently fully let out.

Comments:

This is a very prime medium sized commercial property located on Muindi Mbingu Street at the heart of Nairobi's Central Business district.
The property is ideal for any type of commercial establishment from restaurant, supermarket, banking, showroom etc on the ground floor with adequate mezzanine space.
The basement can be converted to parking with the County Government approval.


Property Details

Property Ref: 7100Added On: 25 Aug 2020Last Updated: 03 Sep 2020
Market Status: AvailableType: Commercial Property   

 Muindi Mbingu Street, Nairobi Central, Nairobi

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