PRIME RESIDENTIAL INVESTMENT PROPERTY FOR SALE IN MIGAA

The property is developed with four identical four storied apartment blocks, with 25 units each, all at different stages o completion. The four blocks sit on 3 acres while 9 acres is vacant. Matropi River marks the property's northern boundary.

Migaa is an upcoming gated community in Kiambu County sprawled over 774 acres. The development's philosophy is based on environmental sustainability and quality of life with 1 acre of green space for each acre built.

Upon completion, Migaa will have residential developments; a commercial center, a club house, a modern sports center, schools and a health facility. All the developments are designed to enjoy views of an 18 hole golf course. The back nine have been completed with the front nine currently being constructed. Wadi Degla will manage the golf course, sports facilities and the club house currently under construction. The health facility (Ubora Hospital) is under construction while land set aside for the educational facility has already been sold to a private developer. This will have both local and international education system.


Tamarind Tree Residence is a luxury residential estate within the Migaa development, set on 12 acres. 3 acres have been developed with partially completed residential blocks consisting a mix of 1, 2 or 3-bedroom apartments, 2-bedroom duplexes and 3 bedroom penthouses. The remaining 9 acres are vacant and are suitable for further development of residential units.

The property lies approximately 8 kilometers and 25 kilometers from Kiambu Town and Nairobi City Center respectively. It is also well located and accessible within the Migaa development with a view of the golf course and Matropi River which marks part of its boundary. It has easy access to the golf course, the upmarket private membership club house, meeting and conferencing facilities, gym, spa, swimming pools and the sports, health & educational facilities within Migaa.

Demand for residential units in the area is high as comparable development within Migaa have been sold and are fully occupied. This is as a result of the increasing need arising from the middle class to move away from the Nairobi City congestion resulting in rising popularity of satellite towns like Kiambu, Thika, Limuru, Athi River among others. The factors highly considered in relocating to these satellite towns include easy and multiple access to and from Nairobi CBD, green spaces, proximity to good amenities like retail, sports, educational and health facilities. The subject being located within Migaa meets all these requirements as it enjoys a tranquil and luxurious setting.

Gross Lettable Area:
Each block has 25 units broken down as follows:
-Six (6) one bedroom apartments
-Ten (10) two bedroom apartments
-Four (4) three bedroom apartments
-Four (4) two bedroom duplex apartments
-One (1) three bedroom penthouse.

Tenancy:
The property is currently at different stages of completion, as construction had stalled.
Block 1 - 65% complete
Block 2 - 55% complete
Block 3 - 45% complete
Block 4 - 35% complete
It is on sale on an AS IS basis..