Description

KILELESHWA 1/4 ACRE PLOT FOR SALE KILELESHWA 1/4 ACRE FOR SALE Multiple dwellings change of use approved. This prime property is situated within Faddville Estate which is a gated community situated off at the Junction of Oloitokitok Road and Likoni Road. The access is via Oloitokitok Road within Kileleshwa area of Nairobi County. The neighborhood is characterized by residential maisonettes and multiple apartments within plots measuring approximately 0.0324 Hectares X 2 = (0.0648Ha). This Unique plot is comprised of 2, 1/8th acre plots sitting next to each other completing the size of approximately 1/4 Acre. The county government has approved multiple dwelling units of up-to 4 floors per 1/8th plot. This means that one can construct 8, 3 bedroom houses with 1 sq for each( Cost of construction is approximately 45-50 Million) Total Investment 105M. A well built 3 bedroom Apartment for sale in Kileleshwa is going for a minimum 20Million Totaling to 160Million for the 8 Apartments. Having 8 of this will definitely be a worthwhile investment. If the Investor chooses to rent out the units there would still be a great investment in it because a well built 3 bedroom for rent in Kileleshwa go for a minimum 150,000 Per Month. This translates to 1.2M a month. All mains and trunk sewer services are available for connection from the neighborhood. Price- 55 Million (Fixed Price) Contact: Kevin - 0705536431/0799933707