Githurai Mwihoko 001 Kiambu (Githurai, KE - 23445) Built

KES4,500,000 KES
Good value for money

Nairobi Real Estates Limited

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

  • Ideal for University Hostels
  • Type: Residential
  • Style: Multiplex
  • Development Level: Built
  • Lot Size: 2400 sq. ft.

Description

Partially developed rental apartments for sale in Githurai near Kiriri University. This development is suited for university hostels as it is a few minutes walk to the University. This area has huge potential for university hostels and several developments are coming up for this purpose.

It can be developed to 5 floors, and can have 44 units of self contained bed sitters

Details of the property
- Foundation is completed
- Plots measures 60ft x 40ft
- Title deed is free hold
- One wing with 4 bedsitters built almost to the slab level
- Spacious rooms of 14ft x 12ft .. can accommodate 2 Decker beds , ie 4 Students
- Septic tank is developed
- Soak pit is developed
- Strong foundation, with Murram soils
- The house structure has been raised for 5+ floors .. Y16 metal bars have been used

Services
- Water is connected
- Electricity runs a few metres from the property
- Septic tank and Soak pit have been developed

Note:
- With the structure as it is, it is possible to be ready for occupation in September, for some of the floors depending on the when new owner takes possession and progresses to completion.

Consider renting options

- Furnished option, - say provide 4 Double-Decker beds per bed-sitter, the development is designed to have ground (8 bedsitters) + 4 floors (9 bedsitters each) = 8 + 36 = 44 Bedsitters
- Each student would pay Kes 3,000 for furnished environment
- Monthly income would be - 44 bedsitters x 4 beds x 3,000 = Kes 528,000

- The plot is 60ft x 40ft and therefore easier to build to completion

A real estate development opportunity in Githurai Mwihoko.

See Video of the Development at

https://youtu.be/sYBKKaPZD1g

Attachments

Features

Buying Options

  • Trades Considered
P2#325284109
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Information is deemed to be correct but not guaranteed.