Commercial property for sale in Shanzu

Serena, Shanzu

KSh 70,000,000

Contact

COMMERCIAL/RESIDENTIAL PROPERTY FOR SALE IN HANZU

The building is located in Shanzu, Tourist Road, near Serena Beach Hotel. 2nd row from the Indian ocean. 10 Minutes walk to the ocean. The area is 0.1234 hectares or 1/3 acre. Leasehold title of 99 years starting from 1987. Ground rates approx 26,000/-. Land Rent Sh 1800/-. All rates paid. No charge on the property. Ground floor shopping hall area approx 4000 sq ft. Can be put to multiple uses i.e. restaurant/discotheque partitioned 5 or many small shops. Small conference Hall, Gym and massage parlors, storage/ warehouse, Distribution of commodities sales and office, and much more. 1 bedroom flat on the ground floor behind the building. Half of the plot is undeveloped. Here a restaurant can be built and above the restaurant, 12 units of studio flats can be built. On the 1st floor are 3 units of fully furnished 2 bedrooms apartments. One common balcony and utility for washing, sun tanning, and relaxing. Terrace on 2nd floor for relaxing, sun drying linen, sun tanning. Shanzu is developing rapidly with some of the most luxurious and biggest hotels on the coast with some hotels coming up. The rate of rental demand will be high due to the growth in employment levels. This gives investors positive high future returns. The location is frequented by tourists who come for holidays and vacations The place is ideal for setting up antique shops and short term rentals

Basic Info

Date Created 12/05/2022

Amenities

External features

Balcony
Garden
Parking

Internal features

Backup Generator

Interest Rate - %

Per month

Total Repayment

KES

Total Interest

KES

*Interest rate charged on reducing balance

Mortgage Amount

Loan Type

Similar Properties