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info@adventvaluers.co.ke

2 Redevelopment Properties for Sale – River Side, Nairobi

Details

SITUATION:  The properties are is situated just off Riverside Drive, just after Imperial Bank and before Office Park, Valley View, Riverside, approximately 3 Kms from the city Centre of Nairobi.

TITLES/AREAS:   

Plot 1: Extends to 0.3258 of a hectare or 0.8051 of an acre approximately.

Plot 2: Extends to 0.3091 of a hectare or 0.7638 of an acre approximately.

Total acreage: 1.5689 acres. Area when amalgamated: 1.80 acres.

Each title is Leasehold for 50 years from 1st January, 2010 at an annual ground rent of Kshs 56,350/=.The unexpired leasehold interest is 44 years.

SERVICES:  Mains water, electricity and sewer services are connected to the properties.

A borehole is also provided in one of the properties.

IMPROVEMENTS:  Each plot is developed with a single storey house of four (4) bedrooms, two (2) showerrooms and one (1) bathroom, with a total built-up area of 3,094 sq.ft approximately. Outbuildings include a servant’s quarter unit and a double storey garage/store.

A perimeter boundary wall is provided to the two properties

TENANCY:  The properties are currently owner-occupied

REMARKS:  A number of new developments have taken place in the neighborhood over the past few years. This is more imminent in the neighboring plots, which have been developed with architect designed high-rise blocks of apartments, dwarfing the subject.

PRICE GUIDE:  Reasonable offers invited (WORDS: KENYA SHILLINGS FOUR HUNDRED EIGHTY FIVE MILLION PER ACRE)

NB: The two properties will be sold together

VIEWING ARRANGEMENTS: By appointment only. Please contact the undersigned