0.5 ac Commercial Property in Ngara

This property is located in Ngara West and located between Embu-Nairobi Highway and Muranga Road. The property seats on 0.5acres and currently 50% developed with mainly 2bedroom and 3bedroom apartments. This property is ideal for a developer seeking to develop quality high-rise apartments, which are highly sort after in the Ngara area. Current zoning is commercial residential. Total number of floors approved by County is between 10 - 12floors maximum. Land rates fully paid. Great Investment Opportunity!

The current developed apartments obtain a rental income of KSH500,000 per month from the apartments as follows:
 Three bedrooms are 11units in total
 Two bedrooms are 4units in total
 One bedroom is only 1unit
 There is adequate water supply from Nairobi Water
 Each unit has it's own water and power (postpaid) meters
 Each tenant gets a dedicated water tank
 Sewer is connected to the Mainline (NCWSC)
 Property zoned as commercial residential
 Long land leasehold in place on the land
 Close proximity to Gymkhana, Pangani, Nairobi CBD and all major highways and road access in Nairobi.