Income Generating 3 Blocks Furnished Apartments on 0.66acre

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 request.