Looking for land to develop within the Nairobi Metropolitan region?
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 community of residential homes or a block of apartments, 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 these beautiful 1/8th (50*100ft) plots that are on sale within the Damacrest School neighborhood in Thogoto; Kikuyu are the perfect place to make your dream investment
Available Plots: 3/3
The perfect size for a development property, they sit side by side, are vacant, rectangular in shape, have a gentle gradient ensuring good drainage and boast of red soil (which is perfect for construction)
The plots hold a free-hold title deed that will ensure that your due diligence, financing and transfer process is smooth and straight forward
All essential amenities -- mains electricity, county water and high-speed internet connection are within reach
The property therefore offers a perfect opportunity for putting up a community of residential homes (Town-houses or Residential Apartments) in line with the neighborhood character
These developments have proved very popular here with two (2) similar projects nearby selling 4-bedroom and 3-bedroom townhouses at 12.5M and 12M respectively.
This neighborhood enjoys excellent security with the Thogoto Police Post only a short distance away
Location-wise, these plots conveniently sits just 600mts off tarmac (Thogoto -- Mutarakwa Rd) and just 6kms outside of Kikuyu Town with her wide array of amenities such as several well-known banks, cafes and restaurants, reputable schools and hospitals, government offices and supermarkets, supermarkets, places of worship and other social hotspots; something that has made
Thogoto very popular with residential developers and ultimately end users
Accessibility is also a key consideration when buying development property. This area enjoys easy access to major roads and/or public transportation.
The Southern Bypass, Ngong Rd, Waiyaki Way and the Western by-pass provide a hassle free commute to the CBD, Upperhill, Kilimani, Westlands, JKIA, Wilson Airport and the surrounding suburbs, making living here incredibly convenient
The property can be purchased in cash (with a 90-day payment plan) or through Bank/Sacco Financing
Price per Plot: 6M (Final Price)
See Yourself Investing Here?
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