Apartment Block for Sale in 10595, Nairobi, Kenya

Apartment Blocks Near Suburban Nairobi

The property has 12 apartment units in two blocks built of natural stone containing nine 2-bedroom units in the older block completed in 2006, one 1-bedroom plus a 4-car basement garage in the new block, and two 1-bedroom units separately built of non concrete material. All units are fully let. A separate unit accomodates the janitor/caretaker. Parking is provided for upto 16 cars with a garden and recreation area. Architectural plans for additional eight 2- and 1- bedroom units and a top floor penthouse on the new block are available.
The property is located off the main Ngong-Nairobi road 13 miles from the city centre and 3 miles from Karen town in a beautiful forested setting facing the Ngong hills and quarter mile from urist attractions in the vicinity include the Nairobi national park, Karen Blixen museum and the Ngong hills, all within a radius of 7 miles. On site facilities include 3-phase electricity and a 45000 litre underground water storage fed by public mains and roof catchment.
The title to the property is 'FREEHOLD' which means that no property rates are charged, and there are no liens or encumbrances. This is a great investment opportunity in a fast growing suburb with guaranteed income. The basic design incorporates the possibility of conversion or remodelling into an accomodation facility with up to 47 single/double suites. Owner resides in the USA but a local manager is available for consultation. (Account info showing current annual income and expence available on request).