1,000 m² Residential Land at Thogoto

Are you in search of a property where you can build an apartment complex?

Then look no further than this ¼ of an acre residential plot that's on sale in Thogoto, Kikuyu Sub-county

Buying land for development can be a very lucrative investment. But it's also one that requires careful consideration of several key factors to determine whether a property aligns with your investment objectives and the preferences of your target audience
because they all have a significant impact on the success of your investment

As a real estate investor with a focus on developing properties in the Kikuyu area, this ¼ acre plot will be the perfect place to make your dream investment because of it's;

Convenient Location: This plot conveniently sits in the well-developed Damacrest School neighborhood, just 200mts off the main Thogoto - Gikambura Rd. This prime location is booming with growth, attracting students and professionals alike guaranteeing a solid return on investment.

Commute and Accessibility: your prospective tenants may currently be spending a significant amount of their valuable time commuting to-and-from work, battling city traffic so they'll prioritize easy commuting to work or educational institutions when making their renting decision. Thogoto enjoys easy access to major roads and/or public transportation. The nearby Southern Bypass (only 1km away), Ngong Rd, Waiyaki Way and the Western by-pass provide a hassle free commute to the CBD, Upperhill, Kilimani, Westlands, JKIA and Wilson Airport, whether it's for work, school, shopping or leisure

Safety and Security: Safety is a paramount concern for you-the investor and your target demographic. This plot is located in a safe neighborhood with reliable security measures in place to keep your tenants safe. The Thogoto, Mai-ai-hii and Gikambura police posts are also a short distance away, providing adequate security for the property and the surroundings

Affordability: this is a key consideration when buying development property since it will directly affect your rent aspirations. So you'll want to invest in a property that is fairly priced and offers flexible financing options. The last thing you want is having houses that no one is willing to occupy due to the high rent. This property is very fairly priced and it can be purchased in cash (with a 90-day payment plan) or through Bank/Sacco Financing

Quality Infrastructure: your investment will be attractive to your target audience because this plot has everything they'll need to live comfortably including a well-graded access roads reliable water supply, electricity connectivity, and access to modern amenities like high-speed internet connectivity.

Amenities and Lifestyle Offerings: your target audience seeks a vibrant lifestyle, convenience, and easy access to essential amenities. This plot is situated in close proximity to most social amenities in the area such as reputable schools and hospitals, cafes and restaurants, government offices and agencies, supermarkets, recreational facilities (gym, swimming pool etc.), places of worship and other social hotspots making living here incredibly convenient and fulfilling

Transparent pricing and Legal Certainty: as an investor, you want transparency in the pricing and documentation, ensuring that the purchasing process is fair and legally sound. This plot has all the documents required to ascertain its ownership details (a Free-hold title deed, Mutation Form and Cadastral map) removing any uncertainty about its true ownership, location, size and dimensions ensuring a smooth and straight forward transaction

Its Condition and Potential for Development: when buying investment property, you have to consider the current condition of the property and its potential for development. This plot is regular shaped with a well-maintained mature garden and trees, has a gentle slope ensuring good drainage, boasts of red soil (which is perfect for construction) and has been value added with a lovely kei-apple fence all round

Potential Return on Investment: your primary aspiration is to build long-term wealth through profitable real estate investments. With accessibility, quality infrastructure, security, serenity, and a convenient location, removed from the hustle and bustle of city life, whilst being close to all the facilities and amenities that Karen has to offer, this plot has the potential for a high return on investment guaranteeing you a steady stream of income and long-term appreciation making it the perfect location to build your dream apartments

This property therefore lends itself well to the construction of a high-rise apartment building, in line with the neighborhood character
These developments have proved very popular here with 3-bedroom apartments renting for 30-45k per month and 2 bedroom apartments going for 28-35k per month

Price: 14M (Slightly Negotiable)

See Yourself Investing Here?

Call Mbugua Now on ********** to schedule a Free Site Visit...

It's as easy as that!