Kitengela Kajiado ( Rift Valley, KE - 2345)

KES5,900,000 KES

Nairobi Real Estates Limited

Nairobi Real Estates Limited Nairobi Real Estates Limited 0715212800 (Office) Request More Info

  • Type: Residential
  • Style: Single Story
  • Lot Type: Rectangular
  • Lot Size: 2 acres

Description

2 Acres plot of Land for sale in Kitengela near Olturoto Primary school. 42% ROI. This Land for sale in Kitengela near Olturoto Primary school, and near the Olutorot shopping centre. The land is good for sub-division into plots that would retail above Kes 650k per 1/8 acre plots. The area is rapidly developing and one can get a return on investment of more than 42% within one year.

This property for sale in Kitengela is about 7 Kilometres from Namanga road, to the left as ones drives to Kisanju/Isinya.

Location Details
- 7km from Namanga road
- 100 metres from the Olturoto shopping centre
- Near Olturoto Catholic and primary school

Services
- Electricity supply - Electric posts on the bordery of the farm

Amenities/Security

- All within 150 metres radius
- Health centre
- police post
- chief camp
- shopping centre

Infrastructure
- Road - All weather road to the property

Econonic Viability
- Ideal for residential development or green houses
- The shopping centre is growing fast and potential for quick value appreciation exists
- Good for sub-division into plots - 1/8 acre could go about 650k. Consider 14 plots assume a net sale price of 600k per plot x 14 plots = 8.4m. so, a profit

of Kes 2,500,000 with an investment of Kes 5,900,000. All these can be sold within a year and with the last ones being sold at higher prices.

Note: several other developers selling the plots in the area at 695k per plot.

Other services / developments
- Several churches in place (Catholic church, PEFA, all within 200-300 metres) vicinity
- residents building rental units in the area

Attachments

P2#187553147
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Information is deemed to be correct but not guaranteed.