1 Acre plot of land for sale in Naivasha near Longonot Town centre - Land for Development, Real Estate - Naivasha, Rift Valley, Kenya

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1 Acre plot of land for sale in Naivasha near Longonot Town centre
Date & Time Listed: 2017-09-15 21:07:26 (GMT)

Posted in Categories: Real Estate, Land for Development
Posted From: Kenya, Rift Valley, Naivasha

Ad Details:

This property for sale in Naivasha sub-county of Nakuru county is located in Longonot and is ideal for development of residential houses, a commercial building such as hotel/resort, or sub-division into plots that can fetch between Kes 550k to Kes 600k per plot.
Assume one was to purchase to sub-divide into Plots for sale
- At the lower scale of Kes 550k per plot .. assume 7 plots of 50ft x 100ft - 7 x 550 - gives a gross profit of Kes 3.85m.
- Assume a purchase price of Kes 2.3m. Assume administrative and tax expenses of about Kes 300k, will give a profit of about Kes 1.25m.
A gain of Kes 1.25m after a spending of about Kes 2.5m will result to a 50% Return on Investment. This project can complete within 12 months, from purchase to sub-division, to selling of the 7 plots.
Features of the property:
- Rectangular shape
- Free hold title deed
- relatively flat
- Near the Town centre of Longonot
- close to old Naivasha road
A real estate investment opportunity in Naivasha sub-county in Longonot. Naivasha Sub-county is in Nakuru county and the area has been rapidly developing.
Price: 2,300,000.00 KES

Keywords:

Land for sale in Longonot Naivasha, Naivasha plots for sale in Kenya, Plots of land for sale in Naivasha Kenya, Naivasha real estate for sale, Affordable properties of Naivasha Kenya, properties for sale in Naivasha Kenya

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Posted in Categories: Real Estate, Land for Development Posted From: Kenya, Rift Valley, Naivasha

Posted in Categories: Real Estate, Land for Development
Posted From: Kenya, Rift Valley, Naivasha