Redevelopment Plot for Sale – Kipande Nairobi
SITUATION: The property is situated on Kipande Road, off Globe Cinema Roundabout, near the National Museum and Goan Institute, a walking distance to the City Centre of Nairobi. The plot has a side frontage to Muhoroni Close.
TITLE: The title is Leasehold for 50 years from 1st November, 2001 at an annual ground rent of Kshs 10,740.00.
AREA: The plot extends to 0.0817 of a hectare or 0.2019 of an acre approximately.
SERVICES: Mains water, electricity and sewer services are connected to the property.
Kipande Road is tar surfaced.
DESCRIPTION: A rectangular shaped, black cotton soils plot, with a gentle slope to the south towards Kipande Road and whose boundaries are part marked by building lines and part open-sided.
The plot is developed with older style single storey residential structures which can easily be demolished to pave way for a new development.
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. The area has also seen significant redevelopment with the Kenya Power HQ, Kengen Offices HQ, Mvuli Suites and Emeli Hotel in close proximity as well as office and apartment blocks.
In our opinion, the subject plot is ripe for immediate redevelopment.
PRICE GUIDE: Kshs 85,000,000.00 (ONO) (WORDS: KENYA SHILLINGS EIGHTY FIVE MILLION)
ARRANGEMENTS: By appointment only. Please contact the undersigned