Residential land for sale
Thogoto, Damacrest School Area, Kikuyu, Kiambu
Are you a discerning investor, new or seasoned, looking to purchase land for apartment construction in kikuyu?
investing in apartments can be a very lucrative investment and a great way to secure your family's future since it provides you with;
- a steady income flow (rent is due every month)
- long-term capital appreciation (the value of real estate tends to increase over time), and,
- an inflation hedge (through capital appreciation and rent increases)
but for it to be a successful and profitable venture, it requires careful consideration of several key factors such as the location of the property, to determine whether it;
- aligns with your investment objectives, and,
- has the potential to meet the demands and preferences of your target audience, because choosing where to buy matters just as much as buying itself
and this ¼-acre plot that's on sale in thogoto, damacrest school area, meets these critical criteria making it perfectly poised for apartment development....
why should you build your apartments on this plot?
- zoning and land use -- it's situated in an area zoned for residential use, allowing for multi-unit dwellings such as apartments so you won't face any challenges when seeking building approvals. the neighborhood features several fully-occupied apartments, indicating compliance with zoning regulations and a thriving rental market. the plot therefore lends itself well to the construction of apartments, in line with the neighborhood character, as precedence has already been set
- ready title -- it holds an unencumbered free-hold title deed so there will be no legal issues or delays. you'll enjoy a quick transfer, easy access to financing & development approvals and most importantly, legal ownership is guaranteed; providing peace of mind since your investment will be secure and undisputed.
- excellent security - it's located in a very safe neighborhood with reliable security measures in place to keep both your investment and your tenants safe such as a very active nyumba-kumi plus regular patrols by the vigilant security personnel from the nearby thogoto police post
- property condition and potential for development -- all essential utilities are on-site, including 3-phase electricity, county water, safaricom's high-speed internet connectivity, good phone network plus a perimeter wall all-round that features a modern gate. the plot will therefore require minimal amenities upgrades reducing your initial infrastructure investment costs while still meeting the needs of modern tenants
- location & accessibility -- the plot conveniently sits just 200mts off tarmac, in the well-developed damacrest school neighborhood. easy access to major roads such as the southern bypass, ngong road, and waiyaki way plus proximity to public transport guarantees a hassle-free commute to nairobi cbd and other key areas ensuring you can attract enough tenants to fill your apartments and to retain long-term renters, guaranteeing a solid return on investment.
- amenities and lifestyle offering: it's situated within walking distance of most social amenities in the area such as schools, hospitals, cafes & restaurants, places of worship, fitness centers, shopping centers and other social hotspots providing a comfortable and convenient living environment for future residents.
- high return on investment -- it's located in an area with a strong demand for rentals, due to its proximity to nairobi cbd, which will ensure high occupancy rates and consistent rental income. 2 & 3-bedroom apartments are very popular here with these units fetching between kes 35,000 and kes 50,000 per month in rental income, offering a substantial return on investment.
- local infrastructure and development plans: the plot sits minutes away from several on-going projects that will significantly impact property values and rental demand here such as the completion of the thogoto level 4 hospital (will increase access to affordable healthcare), the thogoto & gikambura market (will enhance trade) and the gitaru interchange plus the thogoto railway station (these will greatly improve accessibility)
asking price: kshs. 13m (negotiable)
want to witness the potential for yourself?
contact me right-away via +254 725 414 068 to schedule a guided site visit today...
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Added Yesterday
KSh 13,000,000
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0725414068