4000 sq.ft Office For Rent In Riverside

Nestled in the exclusive and opulent neighborhood of Riverside, this elegant 4,000 sq. ft. unit represents the perfect fusion of sophistication, convenience, and functionality. Designed to meet the expectations of discerning tenants, this property offers an exceptional opportunity for businesses to establish a prominent presence in one of Nairobi’s most sought-after locations. Rent Per Square Foot: This prestigious unit is being offered at USD 1.25 + VAT per sq. ft. which is a competitive rate for its prime location. Total Monthly Rent: The total rental cost, inclusive of VAT amounts to USD 5,800, reflecting premium value. Service Charge: To ensure impeccable maintenance and operational excellence, a modest service charge of Kshs. 25 + VAT per sq. ft. applies, totaling Kshs. 116,000 inclusive of VAT. Parking: Each parking slot is priced at USD 100 + VAT per month. The availability of ample parking ensures seamless operations and an elevated experience for all visitors. Lease Duration: The lease spans a secure term of 5 years and 3 months, offering the stability required for strategic business growth. Upfront Payment Requirements: Tenants are required to make an initial payment comprising three months’ rent and a refundable three-month deposit. This deposit also covers service charges and parking fees, ensuring a streamlined move-in process . Annual Rent Escalation: A standard and predictable 7.5% annual escalation clause is applied to the rent, offering tenants transparency and ease of financial planning. Legal Fees: The tenant will cover the cost of legal fees associated with the lease agreement. These costs will be finalized in consultation with the landlord at the time of negotiation. Fit-Out Period: A month fit out period is offered to allow for customization. During this period, rent and parking fees are waivered but service charge and electricity are payable.