Commercial Property at Lower Mirema Drive

KSh 45,000,000

Lower Mirema Drive, Zimmermann, Roysambu

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Commercial Property Description

In the popular residential hub of Zimmerman Estate is a 3-storey old-school flat with 22 units/apartments to let, which includes 7 street-facing shops. At full capacity, the anticipated monthly rental income is Kes. 310K. The block is on the lower side of Mirema Drive behind Co-operative Bank and sits on a plot measuring 40x60. The units enjoy approximately 95% occupancy all year round due to it's location and proximity to the bus stop, supermarkets and other social and recreational facilities. The plot also has great potential for re-development into an ultra-modern high-rise residential apartment block; which can reach up to 10 storeys; with a well structured shopping arcade on the ground floor. The property bears a clean title with no encumbrances.