Description
KILELESHWA 1/8TH ACRE PLOT FOR SALE (40ftx100ft)(With approved change of use for multiple dwellings.)
Situated within Faddville Estate which is a gated community situated off at the Junction of Oloitokitok Road and Likoni Road. The access is via Oloitokitok Road within Kileleshwa area of Nairobi County. The neighborhood is characterized by residential maisonettes and multiple apartments within plots measuring approximately 0.0324 Hectares.
The county government has approved multiple dwelling units of up-to 4 floors per 1/8th plot.
This means that one can construct 8, 2br Houses or 4, 3 bedroom houses with 1 dsq for each( Cost of construction is approximately 20 Million) Total Investment KES 48M. A well built 3 bedroom Apartment for sale in Kileleshwa is going for a minimum KES 18 Million Totaling to 72Million for the 4 Apartments. The Rental income for a 3BR +dsq House in Kileleshwa goes for a minimum KES 95,000 totalling to a KES 380,000 Gross Income Monthly. Both scenarios give an above per R.O.I.
Having 4, 3Br + dsq or 8, 2BR apartments will definitely be a worthwhile investment. If the Investor chooses to sell or rent out the units there would still be a great investment in it because a well built 3 bedroom for rent in Kileleshwa go for a minimum 100,000 Per Month. This translates to 400K a month.
All mains and trunk sewer services are available for connection from the neighborhood.
Asking Price - KES 28,000,000/- O.N.O
Situated within Faddville Estate which is a gated community situated off at the Junction of Oloitokitok Road and Likoni Road. The access is via Oloitokitok Road within Kileleshwa area of Nairobi County. The neighborhood is characterized by residential maisonettes and multiple apartments within plots measuring approximately 0.0324 Hectares.
The county government has approved multiple dwelling units of up-to 4 floors per 1/8th plot.
This means that one can construct 8, 2br Houses or 4, 3 bedroom houses with 1 dsq for each( Cost of construction is approximately 20 Million) Total Investment KES 48M. A well built 3 bedroom Apartment for sale in Kileleshwa is going for a minimum KES 18 Million Totaling to 72Million for the 4 Apartments. The Rental income for a 3BR +dsq House in Kileleshwa goes for a minimum KES 95,000 totalling to a KES 380,000 Gross Income Monthly. Both scenarios give an above per R.O.I.
Having 4, 3Br + dsq or 8, 2BR apartments will definitely be a worthwhile investment. If the Investor chooses to sell or rent out the units there would still be a great investment in it because a well built 3 bedroom for rent in Kileleshwa go for a minimum 100,000 Per Month. This translates to 400K a month.
All mains and trunk sewer services are available for connection from the neighborhood.
Asking Price - KES 28,000,000/- O.N.O