Lonrho House in Nairobi, Kenya For Sale

Property type
commercial/property
Price

KSH 2,700,000,000


Description

Lonrho House is among the most notable skyscrapers in Nairobi, Kenya. The building is along Standard Street on about 0.3 acres of land. This pride of Africa whose construction was completed at the re-birth of multi-party democracy in 1990 is on sale in Kenya. This is a building that dominated the Sky Scraper Construction Pictures, Images, Stock Photos, and wallpapers over the internet.

According to Sky Scrapper Center, Lonrho House has 22 floors with an average vertical building height of 79.9 m or 262 ft. This building was constructed as a commercial hub for offices for thriving entrepreneurs and corporates in Nairobi. Being among the famous skyscrapers in Africa, the Lonrho Africa building is close to the 20 Sky scrapper ideas and skyscraper - architecture that was futuristic in Africa's built and commercial property industry.

This impressive building whose glittering glass facade reflects the ambiance of surrounding constructions and was built as a flagship hospitality property for a famous east African hotel chain. Gallery Watutu on the first floor is awe to all that visit.

While having your Self-Guided Walking Tours in Nairobi, Lonrho's house is a landmark: forget the miniature Nairobi, Kenya Archives. This commercial office block or tower has a typical built-up area of about 169,755 sqft with its ground floor is a hub for retail shops.

This futuristic building was an attempt to defy commercial developments and modern designs around East Africa. The Lonrho building was completed on budget and with an average return on investment (ROI) of about 17% in its virgin years. With an expansive car park, this construction can accommodate about 170 vehicles.

The Parcel on which the Lonrho house is 0.353 Acres thereabouts. The title is Leasehold for a term of 88yrs spanning from 1st October 1996 with an Annual reversible ground rent of Kshs 10,000.00.

Total Built-up Area: 169,755 sqft

The Building has Ground Floor

3 Parking Floor Levels

1st and 2nd Floors and 14 Typical Floors.

Monthly Rental income (Market Rate) ===KES 8,567,723.00.

Service Charge monthly ===KES 1,877,655.00.

Parking === kES 1,032,000.00.

Signage Kshs 143, 680.86

Total earnings per month ===KES 11, 621, 059.66.

Per Year === KES 139, 452,715.92

Optimum earnings per month === KES 13,549,699.66

Optimum earnings per Annum === KES 162, 596,395.92

Price KES 2.7 Billion / $22,761,760.05M

Looking for commercial property for sale in Nairobi, Kenya? Lonrho house is a snack for any property investor looking out for opportunities to diversify their property portfolio across the African continent. This building provides an opportunity to tap into the actively growing frontier markets and emerging property development and investment markets in Africa. If it is not buying a commercial office block in South Africa, closing a multi-billion affordable housing project in Egypt or investing in modern construction tech in Nairobi, grab this Lonrho building.

Summary

Property type
commercial/property
Price

KSH 2,700,000,000

Contract
sale
Address
Between Standard Street and Kaunda Street in Nairobi's CBD
Location
CBD, Nairobi
Bedrooms
Bathrooms
Size
0.3 acres
Floor Size
-

Amenities and More features

Parking

24hrs Security

Garden

Wifi

Prepaid Electricity

Balcony

Garage

Air Conditioning(AC)

CCTV cameras

KSH 2,700,000,000

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