Prime property for sale in Nairobi CBD Description *PRIME PROPERTY FOR SALE WITHIN THE CBD* ??AREA ZONING The area is zoned for commercial/residential/light industry use with Ground Coverage (GC) and Plot Ratio (PR) being 80% and 600% respectively. ??TITLE DETAILS 3.5.1 TENURE LR No. 209/90.. is held under Leasehold, for the term of Ninety-Nine (99) years from the 1st April 1976 subject to the payment in advance on the first day of January in each year of the annual rent of shillings Kshs. 320,000/= (revisable) registered in the name KOINANGE INVESTMENT AND DEVELOPERS LIMITED NAIROBI. The lease has about 54 years and 7 months to expiry. ??ENCUMBRANCES As at the time of releasing this report, an official search was for L.R No. 209/90.. was not available and therefore we cannot confirm any encumbrances, caveats or charges against the subject property. ??AREA The parcel measures approximately Nought Decimal Six Six Eight Nine (0.6689) of a hectare or One Decimal Six Five Two Nine (1.6529) of an Acre Approximately. ??UTILITIES All immediate access roads are Tar surfaced and in good state of maintenance. Electricity and water are not connected to the property but are available in the neighbourhood for connection. Storm water drainage is via drainage well maintained channels along the immediate access roads done and maintained by Kenya Urban Roads Authority (KURA). ??ACCESS The property is accessed via double steel grill gate along Taifa road. Separate entry and exit gates have been provided. ??THE PLOT This is a fairly flat and rectangular-shaped parcel with Gravel soils and its boundaries marked by GCI sheets on treated timber posts and reinforced with steel frames. ??IMPROVEMENTS The parcel was devoid of any permanent structural developments as at the time of ourinspection safe for the temporary stalls erected along its boundary with Reinsurance Plaza. ??TENANCY As at the time of our inspection the property was used as a parking lot and a section used as a market. Four hundred (400) parking spaces were provided on the parcel and forty-four (44) stall