Ready title deed Commercial

Apartment Block for Sale in Thika, Jomoko: KSh 604,000 Monthly Rent

Thika, Jomoko Jomoko, Thika 380 views Listed 3 weeks ago

A tenanted block in Jomoko with flats and shops together, KSh 604,000 a month, about KSh 7.25M a year.

Title: Ready title deed
Nearest landmark: Jomoko, Thika
Rental income: KSh 604K / month
Gross yield: 10.4%
Reference: KP-1008

What is in the building

30 × One bedroom, KSh 12,000 each 18 × Bedsitter, KSh 8,500 each 1 × Two bedroom, KSh 11,000 8 × Shops, KSh 10,000 each

Total: KSh 604,000 a month or about KSh 7.25M a year.

What you get

Water
Electricity
Residential and shops
Multiple income streams
Established tenants
Busy road frontage

About this property

Fifty-seven units plus eight shops, in Jomoko, already tenanted.

The shops matter: they rent to businesses rather than households, which steadies the income when residential turnover picks up. Together the block brings in KSh 604,000 a month, about KSh 7.25M a year.

Asking KSh 70M. We will sit down with you, go through the rent roll month by month, and do the lands search together before anything is signed.

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 70,000,000

Negotiable