For Rent
Ruiru
Office
Commercial Office Space For Sale In Ruiru (S25235)
Located near Kenyatta University Ruiru Campus and a few meters from Thika Super Highway, the Hostels provides affordable, safe and comfortable accommodation with high standard of cleanliness and comfort to students. OVERVIEW AND MONTHLY INCOME The block of hostels was completed in May 2011 and we began renting them out in June 2011. The hostels and the title to the land is held under a limited liability company. The plot is freehold and measures 47ft by 84ft. The building comprises ground floor and 3 floors above it. Each floor has 15 single rooms, common lavatories and bathrooms and a dhobi/ washing area. On one half of the roof there are 2 additional single rooms, a common entertainment room and a cafeteria while the other half is open and is used for hanging laundry and relaxation. All the rooms are furnished with beds and mattresses, and the students only come with their bedding. There are also reading desks and chairs in every room, dependent on the number of students occupying the room. The hostel is currently fully occupied. It is adjacent the Kenyatta University, Ruiru Campus, from where it draws most of its tenants. We also get students from NIBS Main Campus in Ruiru. The composition of the tenants in the current semester is as follows: - 36 rooms are occupied by 2 students each. Each student pays Kshs 8,500 for a double occupancy room per semester (collecting Kshs show me in the current semester) - 10 rooms are occupied by 3 students each. Each student pays Kshs 7,500 for triple occupancy room per semester (collecting Kshs show me in the current semester). - In order to guarantee rents even when university is out of session, and for payment of recurrent monthly bills e.g water and electricity, we decided to rent out 14 rooms to monthly tenants. Each tenant pays Kshs 5,000 per month per room - generating Kshs 70,000 monthly. In addition each tenant - whether student or monthly tenant - pays a refundable deposit/ caution fee of Kshs 1,000. - We used to rent out the cafeteria for Kshs 7,000 per month, but in the current semester we are considering running it ourselves. - The remaining two rooms are occupied by the caretaker/ matron and cleaner. There are three semesters a year each 14 weeks long. The semesters are mid Jan - early April, early May to end of July and early September to end of November. When the university is out of session all students are required to vacate their rooms. However, those who would like to return to the hostels in the new semester can make arrangements to have their belongings retained in their rooms at a fee of Kshs 1,000 per student for each of the 3 -5 week breaks
For Rent
Ruiru
Office
1 Bedroom Commercial Office Space For Sale In Ruiru (S42174)
Commercial space to let. at an up coming petrol station in Ruiru Next to Ruiru Prisons & training college and Bamboo Gardens Estate touching the tarmac and in a high traffic area . Ideal for convenient store , restaurants, cafes, hospitals, ATM machines, chemists & Beauty palour . Its located a short distance from the Tatu City.Selling price Kshs 130 per Sq feet
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