Naivasha Longonot 1 Naivasha ( KE - 345556) Built

KES2,300,000 KES

Nairobi Real Estates Limited

Nairobi Real Estates Limited Nairobi Real Estates Limited 0725884003 (Office) 0725884003 (Cell) Request More Info

  • Type: Lots and Land
  • Style: Lot / Land
  • Lot Size: 1 acres

Description

1 Acre plot of land for sale in Naivasha near Longonot Town centre

This property for sale in Naivasha sub-county of Nakuru county is located in Longonot and is ideal for development of residential houses, a commercial building such as hotel/resort, or sub-division into plots that can fetch between Kes 550k to Kes 600k per plot.

Assume one was to purchase to sub-divide into Plots for sale
- At the lower scale of Kes 550k per plot .. assume 7 plots of 50ft x 100ft - 7 x 550 - gives a gross profit of Kes 3.85m.
- Assume a purchase price of Kes 2.3m. Assume administrative and tax expenses of about Kes 300k, will give a profit of about Kes 1.25m.

A gain of Kes 1.25m after a spending of about Kes 2.5m will result to a 50% Return on Investment. This project can complete within 12 months, from purchase to sub-division, to selling of the 7 plots.

Features of the property:
- Rectangular shape
- Free hold title deed
- relatively flat
- Near the Town centre of Longonot
- close to old Naivasha road

A real estate investment opportunity in Naivasha sub-county in Longonot. Naivasha Sub-county is in Nakuru county and the area has been rapidly developing.

Attachments

P2#256490173
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Information is deemed to be correct but not guaranteed.