FREEHOLD PROPERTY, KILIMANI, NAIROBI – KSHS.217.5M
PRIME RESIDENTIAL PROPERTY (SIX MAISONETTES) OFF KITALE LANE IN KILIMANI ESTATE, NAIROBI CITY COUNTY (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 495,000)
The property is situated off and to East of Kitale Lane which is off and to the North of Denis Pritt Road in Nairobi’s Kilimani Area. It is approximately 400m West of St. Georges Primary School and about 4.7kms due West of Nairobi City Centre, GPO. The property extends to approximately 0.5425 hectares (1.34 acres) or thereabouts and is developed with six (6No.) almost similar semi-detached units set in a pair of three maisonettes, a domestic staff quarters block, a timber guest house and a guard house (total built up areas 1,100 sq.m).
The title is a freehold interest. The property is assessed for rating at Kshs 74,875.00 per annum. The total outstanding rates as at 27.01.2021 amounted to Kshs 175,651.00. Mains electricity and water are connected to the property while drainage is by means of the mains sewer. The property has a huge re-development potential.
NB: That bidders’ will be required to produce a bidding deposit of Kshs 5 million by way of cash or bankers cheque before being allowed to bid.
Sale date: Available for sale
Guide price: Kshs.217,500,000