Property Overview Foreclosed Apt Block Likoni Road. The property located at L.R. No. 209/10234 on Likoni Road, Nairobi, is a residential building situated in a predominantly industrial area close to the Central Business District (CBD). The area is currently experiencing rapid development with high demand for both rental and purchase of residential units.
Key Features: Type: Residential property. Location: Near Mombasa Road, Nairobi Expressway, and Jomo Kenyatta International Airport. Accessibility: Served by a motorable earth road, easily accessible. Surroundings: Proximity to shopping facilities, health clinics, banks, churches, and a police station. Property Specifications The property comprises a five-storey residential building with the following details:
Accommodation: Total Plinth Area: Approximately 1,803 sq. m. Units Available: Two-bedroom units with in-built wardrobes. One-bedroom units. Bedsitter units. Three-bedroom units. A shop unit. Amenities: Facilities: Bathroom with shower head & WC. Kitchen with tiled worktops, sink unit, and cabinets. Washroom lobby with wash hand basin. 30,000 litres underground masonry water tank. Condition: The building is structurally sound, in good repair, and well-decorated. No visible evidence of contamination or pollution. Financial Information Rental Income: The property is fully let, generating significant rental income:
Monthly Rental Income: Kshs. 477,000. Annual Rental Income: Kshs. 5,724,000. Current Rental Rates: Shop: Kshs. 12,000. One-bedroom units: Kshs. 20,000 each. Two-bedroom units: Kshs. 27,000 each. Three-bedroom units: Kshs. 33,000 each. Bedsitter: Kshs. 15,000. Foreclosed Apt Block Likoni Road Market Potential The property is situated in a high-demand neighborhood for residential flats, with a 100% occupancy rate. There are no environmental issues affecting its use or marketability, making it an attractive investment opportunity.
Valuation and Compliance The property is not on a road reserve, gazetted forest area, or any government land. It has not been flagged in any land acquisition irregularities and is not under enforcement notice.
Selling