.PRIME RESIDENTIAL PROPERTY (BLOCK OF APARTMENTS) ALONG PILIPILI WAY OFF RAPHTA ROAD, WESTLANDS NAIROBI CITY COUNTY (WITH ACHIEVABLE MONTHLY RENTAL INCOME OF KSHS 2.5 MILLION)
The subject development is sandwiched between Pilipili Way off Raphta Road in Westlands Residential Area about 4kms from Nairobi City Centre, a short distance from Westlands Shopping Centre. Pilipili Villas and Breezes are within the immediate neighbourhood.
The plot measures 0.1597 hectares (0.40 acres) approximately. The plot is developed with an incomplete seven storey block of apartments. The development project comprises of two (2No.) wings with fifteen (15No.) two -bedroomed flats and three (3No.) four-bedroomed duplexes.
Accommodation: -Lower Ground Floor: eight (8No.) bedsitter units, gents and ladies’ cloakrooms, gym room, one (1No. staircase off; Ground Floor: parking bays, two (2No.) staircases off and two (2No.) lift lobbies FirstFifth Floors: these are similar floors: Each floor having three (3No.)-two bedroomed apartments as follows: Wing A: staircase leading to, landing/lift lobby, one (1No.)-two bedroomed (master ensuite) apartment; Wing B: staircase to landing/lift lobby, two (2No.- two bedroomed (master ensuite) apartments; 6th Floor: three (3No.) –four bedroomed (all ensuite) duplexes apartments each on two levels (built up area 50,230 sq.ft) .
The title is a leasehold interest for the residue term of 66 years seven months w.e.f 01.03.1970 at an annual rent of Kshs 10,965 (revisable). The outstanding rates arrears payable to Nairobi City County amounts to Kshs 422,946 as at 28th April 2022. Mains water, electricity and sewer services are available for connection to the property.
Sale date: Available for sale
Guide Price: Kshs.205,000,000