Property | Bay Holdings |
Type | Semi office and light industrial |
Location | Junction of Enterprise Road and Bamburi Road within the main Industrial Area of Nairobi |
Description |
The property is registered as L.R. No. 209/4125 measuring 0.665 acres for a term of 99 years from 1st January 1949 and registered as Title Number I.R 93022. The property has an unexpired leasehold term of 25.5 years as at 30th June 2023. The acquisition of Bay Holdings Limited was concluded on 30th June 2016 for an amount of KShs 216,122,547. The GLA is 2,566 m2 (33,265 sq.ft.) with a covered area for parking. The building is currently fully let to three tenants - Imperial Bank, Packard Limited and Man-hat Equipment Limited |
Escalation Rates | 12.5% every 2 years |
Lettable Space (Square Foot) | 33,265 |
Tenanted | 100% |