Commercial Properties for Sale in Laikipia West

For Sale
Laikipia West
Commercial Property
Elegant and Fully Furnished and Fully Occupied Hostel For Sale (BRK1635)
A fully furnished and fully occupied hostel is on sale. Located a mere 5 minute walk to laikipia university main campus on the nyahururu - nyeri road. The property consists of 9 rooms two- person sharing and 16 single occupant rooms. The gross rental income per semester is 420 k. The hostel boasts of a 20, 000 litre underground tank and a 7,000 litre over head tanks. The property is also connected to two water supply lines. On site is 30 feet deep well with clean water for washing.the foundation is well set for putting up additional two floors as per the approved architectural and structural drawings. The rooms are elegantly finished with tiles and mdf wardrobes , bookshelves and reading tables.the property is connected to the mains electricity and tokens meters for every room. This a very ideal and hassle free investment and the payback period is short.the university is expanding hence the investor is guaranteed of full occupancy throughout the academic year.
506m²
Listed: 14 May '18

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