The property is a second row property located off Mombasa Road approximately 8 km to the Southern-Eastern elevation of Nairobi City's Central Business District within Nairobi County. It is near Inland Container Depot . Access to the property from Mombasa Road is via City Cabanas Interchange towards Kiangombe via old Mombasa Road. level gradient
The property is trapezoidal shaped industrial plot . The boundaries to the property are variously marked with a masonry wall fence with an electric fence to the upper elevation reinforced with a razor wire as well as building lines to other elevations. Access to the property is via a lockable double leaf metallic panels gate opening onto a Cabro laid driveway leading to loading and offloading bays and a carport.
The property is developed with 6 semi-detached godowns.
Each Godown has:
-Main storage area
-Ancillary space comprising of the following:
-room two-(Main Office)
The property is developed with 6 Godowns out of which 5 are let out to tenants and one, is owner occupied. One of the tenants is an international Hotel of repute with presence in East Africa. THE BUYER WILL HAVE AN OPTION OF CONTINUING WITH THE CURRENT TENANTS UNDER NEW TERMS OR GIVE NOTICE TO ALLOW OWN USE. FOR THE PURPOSES OF CALCULATING THE RETURN ON INVESTMENT,THE CURRENT RENTAL RATE IN THE NEIGHBOURHOOD RANGES BETWEEN KSH.35 AND KSH.40 PER SQ FT PER MONTH.
-Mains electricity(single and three phase) and water are connected to the property.
-Supplementary water supply is via three water reservoirs with total capacity of 20,000 litres.
-Foul drainage is into a septic tank.
-Parking bay areas have been provided
-Manned secured access and electric fencing have been provided.
-Cellular phone networks are strong.
-Murram surfaced immediate access road leading to the tar surfaced road
There are no inherent legal,market factors that would affect the suitability of the property as collateral. We therefore deem the property suitable as collateral.
The property is well served with community support facilities i.e. Schools ,Churches, administration police station ,hospitals, entertainment/recreational Centres among others.
3/4 of an acre is developed. 1/4 of an acre is undeveloped. There is an approved plan for Office block/Godowns.