serviced 1 bed apartment with en suite at near posta and kendas hotel
for sale : ksh 28,000,000
This is a prime apartment located at Mtwapa in a strategic location and it is currently used for guests accommodation. The demand for accommodation in Mtwapa is always high and these rooms are always full to capacity throughout the year. It's situated about 20 metres from the newly expanded Mombasa Malindi Highway.It is a 4-storied serviced apartment with 12 rooms ensuite ,It has a conference room at the ground floor and there is a parking space .Each room fetches kshs 1,500 per day which totals to an average of kshs 470,000 per month which translates to kshs 5,640,000 per year.This implies that the return on investment is very high as the payback time is approximately 5 years as opposed to the average payback time of 10 years for a normal real estate investment.
