KAREN - THE WATERMARK BUSINESS PARK ANNEXE A
Signature development in Karen on 10.8 acres at the junction of Langata Road and Ndege Road, designed in a classical concept with offices enveloping a landscaped park and water features.
Within this award-winning office park lies this uniquely designed office building spanning 4,550 sq.ft spread over two floors. The annex is located in the corner of the plot with a private garden and is accessed through a grand entrance porch that consists of water features and is surrounded by manicured gardens. A fully let building with capital appreciation as well as exceptional net rental returns of 7.5% p.a with an annual escalation of 7.5%. The current rental is Kshs 7.6m per annum.
The building has 12 allocated car parks, offering a generous ratio of more than 2.5 cars per 1,000 sq.ft. Further enhancing convenience is an on-site cafeteria, spectacularly designed central gazebo, back-up generator and borehole water supply amongst others.
Price is exclusive of VAT.
Title: Sub-lease 99 years from 2014
Price: Kshs 103m none