Business For Sale Mombasa Ad:195746

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KES60,066,579

(EUR 400,000)

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Business 2 bedrooms
For Sale
Mombasa
Kenya

Property is located in the middle between Ukunda and Diani Beach, behind Club Willow, on the way to Catholic Church. Property is located on one of the safest area in Ukunda and surrounded with a lot of, mostly new, houses.

Plot size is 2000m2 (half of acre) and surrounded with 2.5m high wall with broken glass on the top. Inside the plot is parking space, enough for app. 12 cars.

There is own water supply (water-well, shared with neighbour).

On the plot are 5 blocks, each block contain 4 apartments, so together 20 houses - apartments. All houses are most of the time occupied.

There are four types of houses - apartments:

* 1 bedroom, big living-room, separate toilet with bathroom, kitchen, size of app. 34m2 (4 units)
* 2 bedrooms, big living-room, separate toilet with bathroom, separate kitchen, size of app. 48m2 (4 units)
* 1 bedroom, big living-room, separate toilet with bathroom, kitchen, big veranda, size of app. 34m2, size of veranda (6 units)
* 2 bedrooms, big living-room, separate toilet with bathroom, separate kitchen, big veranda, size of app. 48m2, size of veranda app. 20m2 (6 units)

Total monthly income: 204,000 Kshs (rent, water, night guards). Electric power is not included in income. Tenants are paying electric power by monthly consumption. Netto monthly income: 184,000 Ksh.

Rental prices are fixed for more than 3 years now, so possibility of increase the rent for about 10%.

Year of building: 2005.

Documentation: 100% clear ownership, `�Lease Hold� for 99 years (90 years remains)`.

Selling price: 400.000 Euros

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