Slight improvement would give good rental returns
• 3 bath , 8 bdrm apartment – FOR SALE KES950,000 . Quick Sale – Discounted
in Malindi , Malindi
8 Rooms Swahili house for sale in Mambrui Mlimani North of Malindi. This property for sale in Malindi is about 13 Kilometres north of Malindi and about 1km South of the famous Karibuni Villas and about 100 metres from the busy Malindi – Lamu road.
The property is about 30 minutes walk to the Beach at Karibuni villas.
Location
– 1km south of Karibuni villas
– 100 metres from the Tarmac
– The property is 50% developed. There is room for another block of 8 rooms
– The property has a common ablution facilities
– The property was developed around 2010
State of development
– May require renovation
– Electricity wiring has been done but Electicity not connected
– Water is not connected – but water pipe is close to the property
Current Rent
– Kes 1,600 per room
Expected rent with water / electricity connection/renovations .. Kes 2,000 per unit per month
A real estate development for sale in Mambrui area.