Utawala area is located 22km from the Nairobi CBD.
It has close proximity to Jomo Kenyatta International Airport, hence most surrounding buildings are ground and 2 floors up, restricting vertical construction to give way for flight paths. This is the same situation in South C around Wilson airport. Notable buildings are Fahari hotel and Kinka hardware.
Plot sizes.
The land here is mostly subdivided into 30 by 60 ft plot sizes and is held through certificates as op-posed to title deed.
The Nairobi County Government planning department can approve construction based on the certificate and scheme master plan survey, unlike earlier times when approval processes were only for lands with title deeds.
Number of units.
The 30 by 60 ft plot can contain 3 number of 2 bedroomed units per floor for a maximum of 3 levels vertically.
The total number of units will therefore be 9.
Assuming a modest rent per unit at kes 15,000, this development can bring in an income of kes 135,000 per month when fully developed.
This represents a return of investment of 6.9 years, which is very impressive.
Land cost.
Land in Utawala varies in cost depending on the type of ownership. Land with title deed costs far much more than lands without title deeds, held on certificates. This is because title deeds are a safer method of owning land and can easily attract loans when used as bank collateral.
Architect Fancis Gichuhi Kamau.
info@a4architect.com
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