knightfrank.co.ke For Sale PRIME SERVICED PLOTS Mutungoni Road, Athi River, Machakos County Summary • Attractive prime serviced plots situated within Athi River in Machakos County approximately 5kms from Athi River town. • The plots are located approximately 25kms south of Nairobi CBD, and 2kms from the main Mombasa Road, off Mutungoni Road. • 107.05 acres in total with the option to buy the whole or subdivided portions of between 5 to 22.48 acres. • Well presented for development of either a comprehensive residential scheme, light industrial park or agricultural use (subject to necessary approvals). • The plot has loam soil, mature trees and frontage to Mbagathi River to the rear side. • At present the land is used for agricultural purposes. • Current endorsed user on the title is inoffensive light industrial. Other users can potentially be obtained subject to approval by the relevant government authorities. • Mains water, electricity and borehole are available for connection. • The property is currently held on 2 titles each on a leasehold term of 99 years from 1st April 1993, with a residual term 72 years which are in the process of being subdivided. knightfrank.co.ke Location The property is located in close proximity to Athi River town, within Machakos County. It is approximately 25kms from Nairobi CBD and is situated off Mutungoni Road, approximately 2kms from Mombasa Road. Athi River town is a growing industrial centre and is home to several large steel and cement factories. However, recently, the town has witnessed significant growth of real estate and lifestyle developments, with large housing projects, malls and mixed-use developments creating several facilities to the area. Notable real estate developments situated in close environs to the subject property include a newly built mixed-use Safaricom Pension Scheme known as Crystal Rivers comprising of retail, residential apartments and townhouses. Others nearby are the River View Estate apartment complex and Paradise Park Estate (a compound of townhouses). The Great Wall Gardens apartments are also in close proximity. Daystar University Athi River campus further demonstrates the development of institutions of higher learning. The town has excellent transport links to Nairobi and Mombasa. The Mombasa–Nairobi Standard Gauge Railway provides an easy travel solution to Mombasa for both goods and passengers, whilst the tarmacked dual carriageway Nairobi-Mombasa Highway (commonly known as Mombasa Road), provides access to the CBD. An all-weather road provides access to the subject property as well as other key social and private developments in the area. The proposal by the government to upgrade the Mutungoni Road from an all-weather road to a tarmac standard of about 1km stretch inland from Mombasa Road is at an advance stage. The Athi River and Mombasa Road interchange junction is also proposed to be converted into a dual carriage way. All the above features offer the subject property as an exceptionally prime development land with great potential to unlock the economic value. Subject Property Map Courtesy of Google Maps knightfrank.co.ke TO. NB: MAP NOT TO SCALE NAIROBI CBD CRYSTAL RIVERS MALL (SAFARICOM) ATHI RIVER ROAD SUBJECT PROPERTY KARIBU HOMES DEVKI STREET MILL MOMBASA ROAD MOMBASA PLANT MUTUNGONI ROAD TO: KINANIE SHOPPING DELTA CENTRE PETROL PARADISE STATION PARK ESTATE LUKENYA HOMES TO MOMBASA Description The property is currently developed with several residential houses and administration outbuildings that support the existing agricultural use. These include: • 4 bedroom house with a swimming pool • 3 bedroom house • 2 bedroom house • 3 older style godowns with a total built up area of approximately 3,700 square metres • Administration blocks • 2 pump houses • Service garages Facilities include: • 3 transformers providing a 3 phase mains electricity plus 3 backup generator rooms • 4 boreholes (20m³ plus, per hour) • 2 reservoir dams (85,000 & 70,000m³) • Mains water is available for connection knightfrank.co.ke KnightFrank.com Subdivision Details The property is currently held on 2 titles each on a leasehold term of 99 years from 1st April 1993, with a residual term 72 years which are in the process of being subdivided as shown below (Plots A-K). PLOTS SIZE(HECTARES) SIZE (ACRES) A 9.096 22.48 B 4.046 10.00 C 4.046 10.00 D 4.51 11.14 E 4.39 10.85 F 4.51 11.14 G 4.63 11.44 H 2.024 5.00 (Under Offer) I 2.024 5.00 (Under Offer) J 2.024 5.00 (Under Offer) K 2.024 5.00 (Under Offer) TOTAL 43.32 107.05 KnightFrank.com Proposed Site Plan NOTE: • Internal access roads will be improved to all-weather roads standard. • One of the dams (dam 2) will be removed from the site. • Some of the subdivided plots do not have improvements on them and will be bare land. • Some of the improvements can be included in the sale and would be part of the negotiation. KnightFrank.com Guide Price: Our clients have instructed us to seek offers from Kshs. 13,500,000 (Thirteen Million and Five Hundred Thousand) Per Acre subject to contract and exclusive of VAT. For further information and viewing arrangements please contact; Jayne Mugambi [email protected] +254 [20] 423 9000 / +254 733 299 978 Kelvin Otieno [email protected] +254 [20] 423 9000 / +254 731 296 271 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 lessor(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. Neither Knight Frank Kenya Limited nor the vendor of the property accepts responsibility for any error these particulars may contain however caused. Any intending purchaser must therefore satisfy himself by inspection or otherwise as to the correctness. 5. Terms and conditions for the tender apply. 6. March 2020..