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Buying land for development can be a very lucrative investment. But, it's also one that carries a lot of risks and as such needs to be well-researched prior to purchase
Whether you're looking to build a commercial building, a block of apartments, a petrol station or a restaurant, there are a number of essential factors to consider to determine whether the land is suitable for the intended use and if it will be a savvy move in the long term
These include the affordability, location of the land, general security, zoning regulations, accessibility, terrain and topography, neighborhood characteristics, market conditions, trends, and other considerations because they all have a significant impact on the success of your investment
And the LOCATION of your plot is arguably the key element for success
A perfect location would be one with high growth potential, within commutable distance to the Central Business District (CBD) and one with easy access to quality infrastructure and conducive social amenities like a good road network and a sound transport system, like Kikuyu.
That's why this beautiful ¼ acre (100*100ft) plot that's on sale within Kamangu Shopping is the perfect place to make your dream investment
It conveniently sits fronting the tarmac (Thogoto -- Mutarakwa Rd) thus presenting an excellent opportunity to put up a commercial building (a mix of shops, offices plus 1 and 2 bedroom apartments) that guarantees you a handsome return
This plot boasts of several features that make it an ideal investment opportunity;
It;
- Holds a FREE HOLD TITLE DEED that will ensure that your due diligence, bank financing (should you need to take a loan) and the transfer process are smooth and straight forward
- Is vacant, rectangular in shape, has a gentle gradient ensuring good drainage, and boasts of red soil making it perfect for high-rise development
- Has easy access to all essential amenities - county water, mains electricity and high-speed internet connection
- Has been value added with a barbed wire fence all round
- Enjoys exceptional security with the Kamangu Police Post only a short distance away
- Is located in the well-developed and populous Kamangu area in close proximity to excellent social facilities such as reputable schools and hospitals, cafes and restaurants, open-air markets, supermarkets, government offices and agencies, places of worship and other social hotspots - something that has made Kamangu very popular with residential developers and ultimately end users
- It enjoys easy access to major roads and/or public transportation. Kikuyu town (only 8.5kms away) can be accessed through the Gikambura route or via the newly tarmacked Kamangu -- Ondiri -- Kikuyu Town Rd. The Southern by-pass, Ngong Rd and the recently revamped Waiyaki Way provide a hassle free route to the CBD, Upper Hill, Kilimani, Westlands, JKIA, and surrounding suburbs.
This is THE investment you have been looking for and it comes at a very attractive negotiable price of only Kshs. 8.5M
- Cash Purchase has a 90-Days Payment Plan
- Bank/Sacco Financing is acceptable
Don't miss out on this investment opportunity!
Call Mbugua Now on 0725414068 to Schedule a Free Site Visit; start on your investment journey and set yourself up for financial freedom for the rest of your life
Property Ref: 28217 | Added On: 02 Dec 2023 | Last Updated: 23 Dec 2024 |
Market Status: Sold | Type: Mixed-use Land | Total Area: 1,000 sqm |
Interested in this property?
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