176 ACRE LIMURU LAND-STRATEGIC INVESTMENT/ DEVELOPMENT OPPORTUNITY

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  • Land
    176 acre
    bedroom 0 Bedrooms
    bathroom 0 Baths
  • Sale
    Kshs3,872,000,000
    Status: New
    Year Built: 0
 Description
This unique investment property is situated in a strategic location (Limuru Heights) immediately south of Limuru Town. It has an excellent road frontage on Limuru Road and Kiambu Road. Moreover it is easily accessible with two direct links to Nairobi. 
• Option one: Limuru Road into Gigiri.
• Option two: Waiyaki way via Westlands.
 
It is also accessible via Naivasha / Nakuru and just a 20 minutes’ drive from Westlands will get you to this land. In fact the imminent completion of the Southern By-pass (6 lane highway) will further enhance this strategic location. The presence of a railway nearby also provides an alternative to road transport.

This land covers a total of 176 acres and is subdivided into 22 parcels ranging from 4-17 acres with the benefit of having consent for a full mixed use development (Residential, Commercial and Retail developments). The nearest offer price is KES. 22,000,000/= per acre.

Plot subdivision has been approved and Title Deed plans are available. This land is currently held under Leasehold Title with 99 years from 1st December 2012. Multiple plot sale is possible and sale is by private treaty. Viewing is strictly by appointment only.

This land is surrounded by a number of commercial and public facilities amongst them:
• Limuru Country Club
• Brackenhurst Conference Centre
• Sovereign Suites
• St Paul’s University
• Bata
• Farmers Choice
• Muna Tree Estate
• Redhill Estate
• Sigona Valley Estate

This property is of regular shape with over 60% of the land just next to Limuru Road and Kiambu Road and excellent topography making mixed use variations very easy.

This property is currently vacant making it ideal for immediate development. This sale provides an opportunity to acquire substantial mixed use plots in a key location. With plot sizes decreasing across Nairobi, chances to acquire land parcels of such magnitude in upcoming areas rarely exist. With the Southern by-pass opening you can be assured that this is one of the last remaining locations within Nairobi suburbs where large mixed use developments can be delivered.


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 Summary

Overview
176 ACRE LIMURU LAND-STRATEGIC INVESTMENT/ DEVELOPMENT OPPORTUNITY Sale
Kshs3,872,000,000
Address: Limuru, Kiambu
City: Limuru
State/Province: Kiambu
Country: Kenya
Zip Code: 00800

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