MJ1 BUSINESS TOWERS - Kes. 14.5m

Property Description

The building is 21 floors

7 parking floors

14 commercial office spaces

2 top floors (rooftop high ceiling at Kshs 14,000/- per sqft plus VAT)

1000sqft at the price of Kshs 12,500/- plus VAT = 14,500/-.

Price for 1000sqft = 14.5m

Down payment of 25% = 3.7m

The balance 75% spread over 10 years interest free, no rent increase every year, no hidden charges, no bank hassles

Rent charged at Kshs 77.58 per sqft plus VAT = 90/- per sqft inclusive of VAT

Therefore monthly rent for 1000sqft = Kshs 90,000/-

Per year = Kshs 1,080,000/-

After 10 years = Kshs 10,800,000/-

Kshs 10.8m added to the initial payment of Kshs 3.7m adds to Kshs 14.5m