Ready title deed Commercial

Apartment Block for Sale in Thika, Cravers: KSh 930,000 Monthly Rent

Thika, Cravers Prime Cravers location 125 views Listed 3 weeks ago

A newly built six-floor block on a 50 × 100 in Cravers, bringing in KSh 930,000 a month.

Plot size: 50 × 100 ft; about 1/8 acre
Title: Ready title deed
Nearest landmark: Cravers, Thika
Rental income: KSh 930K / month
Gross yield: 11.2%
Reference: KP-1007

What is in the building

54 × One bedroom, KSh 15,000 each 12 × Bedsitter, KSh 11,000 each

Total: KSh 930,000 a month or about KSh 11.16M a year.

What you get

Water
Electricity
Borehole
6 floors
Newly built
Spacious parking
Lift-ready stairwell
Fully tenanted

About this property

Sixty-six units across six floors, newly built, on a full 50 × 100 in Cravers.

The mix is 54 one-bedrooms at KSh 15,000 and 12 bedsitters at KSh 11,000, KSh 930,000 a month, or roughly KSh 11.2M a year gross. Parking is on site and the building is new, so maintenance is minimal for the first years.

At KSh 100M that is a gross yield of about 11% before costs. Serious buyers only, please, we will go through the rent roll and the title with you properly.

Before you pay anybody

Ask us for the parcel number and do your own search at the lands registry. It costs about KSh 500 and we expect you to do it. Pay through an advocate, never to a personal M-Pesa number. Kareithi Properties uses 0718 075307 and no other number.

KSh 100,000,000

Negotiable