Interested in this property?
Thinking of putting up high-rise apartments? Think Thogoto!
Real estate investment can be a profitable venture for those who are willing to put in the effort.
It's not always the most hands-off option, but if you're looking for a long-term investment that offers a Steady Income Flow (rent is due every month),
Capital Appreciation (the value of real estate tends to increase over time) and an Inflation hedge (through capital appreciation and rent increases), then owning an apartment building is perfect for you.
Investing in apartments requires careful consideration of various factors such as location, market demand, affordability, growth potential, rental income potential, legal considerations like zoning laws etc. because they all have a significant impact on the success of your investment
Whether you're a first-time or a seasoned investor, finding the perfect location to invest in is where it all starts. The last thing you want is to be stuck with a rental property that no one is willing to occupy.
A perfect location would be one with high growth potential, excellent security, within a commutable distance to the CBD and with access to quality infrastructure and conducive social amenities like a huge road network and a sound transport system
That's why this ¼ acre (100*100ft) plot that's on sale in Thogoto, Kikuyu is the perfect place to build your dream apartments
It is conveniently located just 100mts off tarmac (Thogoto -- Mutarakwa Rd)
The plot is vacant, rectangular in shape, has a gentle gradient ensuring good drainage and boasts of red soil (which is perfect for high-rise construction)
It holds a free-hold title deed that will ensure that your due diligence, financing and the transfer process will be smooth and straight forward
The plot's size, shape and location present a golden opportunity for an investor looking to put up high rise apartments with a 2 bedroom house currently letting for Kshs. 20-30k and a 1 bedroom letting for Kshs. 15-18k, offering a fantastic Return On Investment
All essential amenities -- mains electricity, county water, internet connection and the county's sewer system -- are within reach
This neighborhood enjoys exceptional security with the Thogoto Police Post only a few meters away
The plot sits within the Thogoto Teachers College neighborhood, just 5kms outside of Kikuyu Town with her wide array of amenities such as several well-known hospitals, banks, hotels, schools, government offices and agencies and supermarkets; something that has made this location very popular with residential developers and ultimately end users
When it comes to commuting to-and-from work, the plot is situated within commutable distance to the CBD, Westlands, Kilimani, Upperhill, JKIA and the Wilson Airport via the Southern by-pass, the recently revamped Waiyaki Way, Ngong Rd or the Kikuyu -- Nairobi commuter train route, making daily living for your future tenants incredibly convenient
The property can be purchased in cash (with a 90-day payment plan) or through Bank/Sacco Financing
Price: 13.5M (Negotiable)
See Yourself Investing Here?
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: 19829 | Added On: 18 Dec 2022 | Last Updated: 09 May 2024 |
Market Status: Sold | Type: Residential Land | Total Area: 1,000 sqm |
Interested in this property?
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