Prime Land for Redevelopment in Nairobi West

Description

PRIME NAIROBI WEST REDEVELOPMENT OPPORTUNITY

0.214 ACRES | OFF LANG’ATA ROAD | NEAR NYAYO STADIUM

REFURBISH • REPURPOSE • REDEVELOP

The property occupies approximately 0.214 acres and currently comprises a substantial four-level commercial building formerly operated as a 46-room hotel, together with parking and supporting facilities. The main building provides approximately 9,548 sq. ft. of floor area. The property is designated for commercial use and is within Nairobi City County Planning Zone 10, a high-density mixed-use area. 

A PROPERTY WITH OPTIONS

The existing structure provides an immediate opportunity for an investor to refurbish and reposition the property, while the site itself offers an attractive proposition for redevelopment into a modern commercial, residential, hospitality, healthcare or mixed-use project, subject to the relevant planning and statutory approvals.

The existing building incorporates 46 self-contained rooms, reception facilities, offices, a conference room, dining area and kitchen, providing a useful foundation for a buyer considering adaptive reuse. 

POTENTIAL USES

Hospitality

• Boutique or business hotel 
• Serviced apartments 
• Extended-stay accommodation 
• Corporate accommodation 
• Short-stay accommodation 

Residential

• Studio apartments 
• Compact urban apartments 
• Serviced residences 
• Co-living accommodation 
• Student accommodation 
• Young professionals' housing 

Commercial

• Modern offices 
• Serviced offices 
• Co-working centre 
• SME business centre 
• Corporate offices 
• NGO or professional offices 
• Training and conference centre 

Healthcare

• Medical centre 
• Specialist outpatient facility 
• Diagnostic centre 
• Medical offices 
• Dental facility 
• Rehabilitation centre 

Retail & Lifestyle

• Restaurant
• Café
• Pharmacy
• Convenience retail 
• Professional services 
• Financial services 

Mixed-Use

• Retail + offices 
• Retail + apartments 
• Retail + serviced apartments 
• Commercial + residential 
• Hospitality + conference facilities 
• Healthcare + retail 

EXISTING INFRASTRUCTURE

The property is already serviced by the main utilities and includes:

• Cabro-paved parking 
• Underground water storage 
• Solar water heating 
• 70KVA standby generator 
• Rooftop water tanks 
• Water filtration system 
• Perimeter walling and electric fencing 
• Gatehouse and generator shed 

ASKING PRICE: KSh 150,000,000

Nairobi West | 0.214 Acres | Off Lang’ata Road | Near Nyayo Stadium | Commercial User

Viewings strictly by appointment.

Stable Merchants Limited - Defined by Value

[email protected]; www.stablemerchants.co.ke; +254 720 247790