KnightFrank.com FOR SALE PRIME REVELOPMENT OPPORTUNITY Gigiri

Summary

• A prime re-development site situated in an excellent location at The Junction of Gigiri Drive and Gigiri Lane adjacent to US Embassy and approximately 100 meters from the UN headquarters. • The site comprises of a regular shaped plot measuring approximately 1.5 acres (0.5998 ha). • The plot is identifiable as /Block 91/213 and has an excellent road frontage of 62 metres onto Gigiri Drive. • Change of user for residential conference centre has been obtained. • Mains water and electricity are connected to the property. • Leasehold title. • For sale by private treaty. • Viewings strictly by appointment only. KnightFrank.com

Location Gigiri is located approximately 7Kms north of the Nairobi City Centre. The area is a recognized diplomatic district, being the location of both the Environmental Programme (UNEP) headquarters and the US Embassy, and is therefore a focal point for a large number of NGOs and other operations that work with and for the above organisations. It is also the location for ICRAF, UN offices, Canadian High Commission, Belgian Embassy as well as many other diplomatic missions. The area is slowly changing from predominantly a low density high income residential and diplomatic suburb to accommodate office blocks such as Warwick Centre on UN Avenue, Eaton Place along UN Avenue and Gigiri Square.

Situation The property is located in an excellent location at The Junction of Gigiri Drive and Gigiri Lane adjacent to US Embassy and approximately 100 meters from the UN headquarters. The area enjoys close proximity to social and public services as well as Nairobi City Centre.

Description The site comprises of a regular shaped plot totalling approximately 1.5 of an acre (0.5998 ha). The plot is identifiable as Nairobi/Block 91/213 and has an excellent road frontage of 62 metres onto Gigiri Drive. The site comprises of approximately 1.5 acres (0.5998 ha) held under one title with a lease term of 99 years from 1981.Change of user for residential conference centre comprising of 97 units totaling to circa 21,300 square meters has also been obtained. This enables an investor to develop the site on a turnkey basis. KnightFrank.com

The site is currently developed with one restaurant which is owner occupied and four kiosks which have been leased out to various retailers however, this is a re-development site with main emphasis on the land. The property benefits from good connections to local services with mains electricity and water. The access roads to the property i.e. Gigiri Drive and Gigiri Lane are both tar surfaced and in a good state of repair and maintenance. This provides a developer with good infrastructure to allow them to comprehensively re-develop the site.

Tenure The site is currently held under one Leasehold title Nairobi/Block 91/213 with 65 years unexpired. The site measures approximately 1.5 acres (0.5998 ha).

Planning Gigiri falls under Zone 13 of the planning regulations. Which is mainly a diplomatic zone where commercial buildings are allowed subject to obtaining the necessary consents.

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Zoning Map

Map Courtesy of Google Maps KnightFrank.com

Subject Property

Source: Google Maps KnightFrank.com

Guide Price: We have been instructed to seek offers in the region of Ksh 650,000,000 (Six Hundred and Fifty Million Shillings) exclusive of VAT. For more information and to arrange an inspection please contact the following.

For more information and to arrange for a viewing please contact the following:

Judith Muange [email protected] +254 [20] 423 9000 / +254 732 400 440

Richard Ngunjiri [email protected] +254 [20] 423 9000 / +254 725 625 042

Important notice

1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank Kenya Limited in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank Kenya Limited nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lesson(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: All terms quoted are exclusive of VAT. 5. Terms and conditions for the tender apply.