Commercial land for sale
Land for Development
Looking for an income-generating property with strong future development potential? This is an excellent opportunity for investors and developers in one of Mtwapa's fast-growing areas. Location Situated in Mtomondoni, Mtwapa, directly opposite King's Baptist Church, with easy access via the Mtomondoni Creek tarmac road. The property is approximately 2 km from the expanding Mtwapa--Kilifi Highway, offering excellent connectivity and future appreciation potential. Property Highlights - Approx. 50 × 80 ft plot - Freehold title - Existing rental developments comprising: Shops Single rooms Bedsitters 1-bedroom units - Current rental income: Approximately kes 50,000 per month - Connected to mains water and electricity - Septic tank and soak pit drainage system Why Invest? Immediate rental income from existing tenants Prime location in a rapidly developing neighbourhood Ideal for redevelopment or expansion to increase rental yield Strong long-term capital appreciation potential. Price:KES 10,000,000 negotiable For more information or to arrange a viewing: Call or WhatsApp: 0743 606131
