spacious 4-bedroom Spanish-style house set on a generous 0.78-acre freehold plot, located behind Nyali Golf Course i

This exceptional property comprises a spacious 4-bedroom Spanish-style house set on a generous 0.78-acre freehold plot, located behind Nyali Golf Course in one of Nyali’s most sought-after suburban neighborhoods. The home sits within a quiet, secure, and upscale residential area, offering privacy while enjoying excellent proximity to key amenities. Major shopping malls, international schools, hospitals, hotels, beaches, and recreational facilities are all within a short drive, making this location highly desirable for both residential living and investment purposes. A key highlight of this property is its approved development potential. The necessary permissions have been formally acquired in writing to redevelop the site and construct up to 44 apartments, presenting a rare opportunity for investors and developers seeking a high-density residential project in a prime Nyali location. The land size, premium address, and approved development proposal make this property ideal for: • Apartment development • Luxury residential redevelopment • Mixed residential investment project • Long-term capital appreciation in a high-demand area ⸻ PRICING Asking Price: • KSh 98,000,000 (Negotiable) • Approx. USD 760,000 APPROVED HIGH-DENSITY RESIDENTIAL PROJECT Location – Nyali, Behind Nyali Golf Course This is a rare development-ready site in one of Nyali’s most prestigious and supply-constrained neighborhoods. Located immediately behind Nyali Golf Course, the property sits within a quiet, secure, and highly desirable suburban enclave, yet enjoys excellent connectivity to Nyali Centre, City Mall, hospitals, international schools, beaches, and major arterial roads. Site Overview • Land Size: 0.78 Acres • Tenure: Freehold • Existing Structure: Spacious 4-bedroom Spanish-style residence (can be retained, demolished, or phased) • Topography: Level and ideal for construction Development Approval & Density A major value driver is that written permissions have already been obtained for a 44-apartment residential development, significantly reducing entitlement risk, approval timelines, and holding costs. This positions the site as: • A ready-to-execute residential apartment project • Suitable for mid to upper-market apartments or serviced residences • Highly attractive for end-user sales or rental yield strategies Market & Investment Rationale Nyali remains one of Mombasa’s strongest residential markets, driven by: • Limited availability of large, well-located development plots • Strong demand for quality apartments from professionals, expatriates, and investors • Proximity to social infrastructure, beaches, and recreational amenities • Consistent rental demand and long-term capital appreciation Key Advantages for Developers ✔️ Prime golf-side neighborhood ✔️ Freehold tenure ✔️ High-density approval already secured (44 units) ✔️ Reduced planning and approval risk ✔️ Excellent exit potential (sales or rental model) ✔️ Strong buyer and tenant demand in Nyali Developer Takeaway This is a strategic infill development opportunity in a premium Nyali location, offering scale, approvals, and speed to market—ideal for developers seeking a high-confidence residential project with strong absorption potential.