For sale: Prime ¼ Acre Plot For Apartment Development In Kikuyu, Thogoto

Residential Land For Sale Damacrest School Area Thogoto Kikuyu Kiambu selling for KSh13,700,000. See property details on PrivatePropertyKenya.com or browse all our range of properties in Thogoto Kikuyu Kiambu

Are you a discerning investor, new or seasoned, looking to purchase land for apartment construction in Kikuyu?

Investing in apartments can be a very lucrative investment and a great way to secure your family’s future since it provides you with;
• A steady income flow (rent is due every month)
• Long-term capital appreciation (the value of real estate tends to increase over time), and,
• An inflation hedge (through capital appreciation and rent increases)

But for it to be a successful and profitable venture, it requires careful consideration of several key factors such as the location of the property, to determine whether it;
• Aligns with your investment objectives, and,
• Has the potential to meet the demands and preferences of your target audience, because choosing where to buy matters just as much as buying itself

And this ¼-acre plot that’s on sale in Thogoto meets this critical criteria making it perfectly poised for apartment development so it should be on top of your to see list!

Why should you build your apartments on this plot?
• Zoning and Land Use – It’s situated in an area zoned for residential use, allowing for multi-unit dwellings such as apartments so you won’t face any challenges when seeking building approvals. The neighborhood features several fully-occupied apartments, indicating compliance with zoning regulations and a thriving rental market. The plot therefore lends itself well to the construction of apartments, in line with the neighborhood character, as precedence has already been set

• Ready Title – It holds an unencumbered free-hold title deed so there will be no legal issues or delays. You’ll enjoy a quick transfer, easy access to financing & development approvals and most importantly, legal ownership is guaranteed; providing peace of mind since your investment will be secure and undisputed.

• Excellent Security - It’s located in a very safe neighborhood with reliable security measures in place to keep both your investment and your tenants safe such as regular patrols by the vigilant security personnel from the nearby Thogoto, Mai-ai-hii and Gikambura Police Posts

• Property Condition and Potential for Development – All essential utilities are on-site, including electricity, county water, Safaricom’s high-speed internet connectivity, good phone network, a beautiful live fence all-round plus a goo all-weather access road. This means it will require minimal amenities upgrades reducing your initial infrastructure investment costs and also meets the needs of modern tenants

• Location & Accessibility – It conveniently sits just 200mts off tarmac, a short distance away from the Damacrest School (Thogoto Campus). Easy access to major roads such as the Southern Bypass, Ngong Road, and Waiyaki Way plus proximity to public transport guarantees a hassle-free commute to Nairobi CBD and other key areas ensuring you can attract enough tenants to fill your apartments and to retain long-term renters, guaranteeing a solid return on investment.

• Amenities and Lifestyle Offering: It sits within walking distance of most social amenities in the area such as schools, hospitals, cafes & restaurants, places of worship, fitness centers, shopping centers and other social hotspots providing a comfortable and convenient living environment for future residents.

• High Return On Investment – It’s located in an area with a strong demand for rentals, due to its proximity to Nairobi CBD, which will ensure high occupancy rates and consistent rental income. 2 & 3-bedroom apartments are very popular here with these units fetching between KES 35,000 and KES 45,000 per month in rental income, offering a substantial return on investment.

• Local Infrastructure and Development Plans: the plot sits a short distance away from several on-going projects that will significantly impact property values and rental demand here such as the completion of the Thogoto Level 4 Hospital (will increase access to affordable healthcare), the Thogoto market (will enhance trade) and the Gitaru interchange plus the Thogoto Railway Station (both will greatly improve accessibility)

Asking Price: Kshs. 13.7M (Negotiable)

Want To Witness The Potential For Yourself?

Contact Me Right-away via [redacted] to schedule a guided site visit