Malindi Malindi (Malindi, Coast, KE - 4700)

KES12,000,000 KES

Nairobi Real Estates Limited

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

  • Type: Lots and Land
  • Style: Lot / Land
  • Lot Type: Rectangular
  • Lot Size: 2 acres

Description

2 Acres Malindi Land for Sale in Mtangani close high end residences. The land for sale in Malindi at Mtangani estate is ripe for sub-division into quarter acre plots or half acre plots. It is close to build residences. The 1/4 acre plots could retail the range of 3 million shillings a piece.

This property is fenced and touches one main road on one side and a 9 metre access road on the other. It is hence suitable to be sub-divided into 7 plots of 1/4 acre.

For those looking to sub-divide and sell plots the income would be Kes 3 x 7 = 21 million against an investment of Kes 12 million. Hence a return on investment of approximately Kes 8 million, less the sub-division and selling expenses.

Return on investment within 12 months for this Malindi Real Estate Kenya property

profit approximate 8 million/ investment of approx 12 m = 66.7%

This real estate property is also good for developing houses for sale. close to this property are high end development with both local and foreign nationals and especially Germans.

A Malindi real estate investment opportunity in Kenya by Nairobi Real Estates, Estate Agents in Kenya.

Video of the 2 Acres Malindi Land for Sale in Mtangani


https://youtu.be/lpNLHJqNTHw

Attachments

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Information is deemed to be correct but not guaranteed.