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Prime Property for Sale in Kisumu
rd1
#1 Posted : Wednesday, February 10, 2010 8:06:52 AM
Rank: New-farer


Joined: 1/6/2010
Posts: 26
Location: Kisumu
Property for Sale
COMMERCIAL:
• Location: Obote Road, Prime Industrial Area.
• LR Number: 3/148
• Area: Ground Floor-5,000 sq. Ft., Mezzanine built to industrial specs.-5,000 sq. Ft., 2nd Mezzanine-2,500 sq. Ft.
• Roof: Reinforced Concrete and built for expansion of one more floor for light work.
• Features: Railway Siding, Modern Front Fascia with Sunlight Visors, Front Canopy Car Park.
• Asking Price: Kes. Sixty Million.
• Rental: Owner willing to take up rental at Kes. 200,000.00 p/m. Available vacant if preferred.

RESIDENTIAL:
• Location: Up-market Milimani Area, Ojijo Oteko Road, from main Jomo Kenyatta Highway.
• LR Number: 12/385, ¼ Acres. Three main roads access. Very near the Lake Victoria.
• Area: Basement-2,400 sq. Ft., Ground Floor-2,600 sq. Ft. First Floor-2,500 sq. Ft.
• Roof: Reinforced Concrete with Mareba Tiles.
• Features: Basement-Three Stores, Washroom, Servants Quarters, Car park-six saloons. Seven Bedrooms all en suite with three master with bath tubs, Large Living Room, Large Lobbies on both floors, Dining Room, Large Kitchen. Full house finished with ceramic tiles. Two master rooms with added study rooms, Prayer Room, Gym. Access to attic from the first floor via concrete staircase. Outside finished with Wall Master and surrounded by a concrete wall well designed and secured with an electric fence. Flower beds all around with concrete drive way.
• Asking Price: Kes. Fifty Million.
• Rental: Owner willing to take up rental at Kes. 120,000/00 p/m. Available vacant if preferred.
Gordon Gekko
#2 Posted : Wednesday, February 10, 2010 11:01:35 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Residential, rent is only 2.88% of the price. It should be at least 4 - 5%, meaning the rent it commands should be in the 250K region. Who would pay that rent for residential in Ksm? Not a good investment in my opinion.
rd1
#3 Posted : Wednesday, February 10, 2010 11:15:39 AM
Rank: New-farer


Joined: 1/6/2010
Posts: 26
Location: Kisumu
Both the asking price and rent can be talked over, if there is a serious investor.
VituVingiSana
#4 Posted : Thursday, February 11, 2010 9:09:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
Wow... who would have thought a house on only 1/4 acre in Kisumu!

I like Milimani but for 50mn???
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rd1
#5 Posted : Thursday, February 11, 2010 9:35:57 AM
Rank: New-farer


Joined: 1/6/2010
Posts: 26
Location: Kisumu
Worth every shilling in terms of the construction, design and location. Especially if owner is not drawn to grass and trees.
VituVingiSana
#6 Posted : Thursday, February 11, 2010 9:44:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
The beauty of Milimani are the trees... anyway, I almost bought a flat in Milimani in Dec 2007... then lost all interest...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
McReggae
#7 Posted : Thursday, February 11, 2010 10:42:15 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
In Kisum siti.......that must surely be paradise, with that money one can do a lot better than what you are offering in the lakeside city!!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
Toshi
#8 Posted : Monday, February 15, 2010 5:25:17 AM
Rank: Member


Joined: 3/11/2009
Posts: 38
Would anyone know the rates in Kibos and Milimani, for say 1/2 acre undeveloped?
Possession of material riches, without inner peace, is like dying of thirst while bathing in a lake.
rd1
#9 Posted : Monday, February 15, 2010 11:38:48 AM
Rank: New-farer


Joined: 1/6/2010
Posts: 26
Location: Kisumu
Not much idea about Kibos, but in Milimani area of Kisumu there is practically no space easy to lay hands on. If available, it would cost anywhere near 5 million for quarter acre and about 8 million for half.
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