1 Acre plot of land for sale in Naivasha near Longonot Town centre (MD11258834)
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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 KES (~ $ 26,744 USD) (Land / Lot area: 568.32 KES / m2)
This property is located in: Naivasha, Najvasha (Rift Valley, Kenya).
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Lingfield Park Marri... Hotel ~ 0,428 km
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