COMMERCIAL PROPERTY IN WESTLANDS, NAIROBI

COMMERCIAL PROPERTY IN WESTLANDS, NAIROBI

Land value is approximately KES 200,000,000 per acre=KES 50,000 per square meter.
Assuming 50% ground coverage on construction for 10 floors, this will be approximately 2000m2 x 10 floors =20,000 m2. The fraction of the cost of land within the built up area will therefore be KES 200,000,000 divide by 20,000m2 =KES 10,000 per m2.

Cost of construction.

The average cost of construction for a high-rise building in Nairobi is KES 60,000 per square meter.
The total cost of construction will be cost of land plus cost of construction = 60,000 plus 10,000 =KES 70,000 per square meter.

Return on Investment.

Office sale value is approximately KES 13,000 per square foot=KES 130,000 per square meter.
The profit margin is KES 130,000 minus KES 70,000 =KES 60,000.

This represents an 85% Return on Investment hence a very viable option to develop offices for sale.

WOODVALE PLACE, WESTLANDS

From Westlands Buildings

This building has a front fa├žade clad in natural brick.

The interior floor is finished with pvc tiles.

From Westlands Buildings

The windows are arch shaped.

From Westlands Buildings

Available space: 3rd floor-1500 sq. ft.

From Westlands Buildings

Rent: KES 70 per square foot.

Street parking.

From Westlands Buildings

BANDARI PLAZA, Woodvale groove, Westlands.

From Westlands Buildings

Available space-3,800 sq. ft.

FORTIS TOWER-Woodvale Groove.

From Westlands Buildings
From Westlands Buildings

This building is under construction and the office spaces are up for sale.

RELIANCE CENTRE-Woodvale Groove.

From Westlands Buildings

This is a newly completed modern building.

Available space: 3rd floor. 1000 square feet.
Rent: KES 100 per square foot.

Features:

Lift Lobby finished in Marble.

From Westlands Buildings

Entrance Lobby finished in marble and Granite tiles.

From Westlands Buildings

Modern exterior appearance.

From Westlands Buildings

3 modern lifts.

From Westlands Buildings

Finishes.
Floor-ceramic tiles

From Westlands Buildings

Windows-UPVC windows

From Westlands Buildings

Views: overlooking the prestigious Sankara Hotel

From Westlands Buildings

Francis Gichuhi Kamau

Architect.

info@a4architect.com

www.a4architect.com

+254721410684

Francis Gichuhi (692 Posts)

Architect Francis Gichuhi . B.Arch. University of Nairobi. Registered Architect, Kenya. Member, Architectural Association of Kenya. Contacts. email info@a4architect.com. Telephone +254721410684


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  3 comments for “COMMERCIAL PROPERTY IN WESTLANDS, NAIROBI

  1. John
    July 8, 2014 at 10:20 am

    do you have the indicative price of the cost per sq meter/sq feet for building a mall?

    • a4architect1@gmail.com
      July 8, 2014 at 10:22 am

      mall costs depends on so many factors hence a wide range from kes 38k to kes 70k per m2.

  2. February 17, 2016 at 8:07 am

    do you have a commercial building for sale in westlands that goes for not more than 700M?

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