Property details
Basics
- Date added: Added 6 days ago
Description
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Description:
Mwembe Tayari Mixed-Use Building for Sale | 14 Units + Commercial Spaces | KES 56.5M
Located in the high-demand commercial zone of Mwembe Tayari, Mombasa, this mixed-use investment building presents a strong value-add opportunity for investors seeking both residential rental income and commercial cash flow in a prime urban location.
In addition, the property benefits from its strategic positioning within a busy commercial corridor, which enhances both visibility and long-term investment potential.
A 4-storey freehold structure sits on 0.083 acres and comprises 14 residential two-bedroom units alongside 3 commercial retail spaces. As a result, the asset is well-suited for repositioning, refurbishment, and long-term rental optimization.
Property Details
- 4-storey mixed-use building
- 14 residential 2-bedroom units
- 3 commercial units (ground floor with active businesses)
- Freehold ownership
- Land size: 0.083 acres
- Reserve price: KES 56,500,000
Location Advantage – Mwembe Tayari
Mwembe Tayari remains one of Mombasa’s most active commercial corridors. Furthermore, it is characterized by:
- High pedestrian and commuter traffic
- Strong retail demand
- Mixed residential-commercial ecosystem
- Excellent transport connectivity
📌 View location on Google Maps: https://maps.app.goo.gl/CsetAb8v7kiyYotp6
In addition, its central positioning ensures sustained demand from both businesses and residents.
Investment Potential of This Mixed-Use Property
From an investor perspective, this asset is ideal for capital appreciation through renovation and repositioning. However, it also provides immediate income stability due to existing commercial activity on the ground floor.
Key upside drivers include the following:
- Renovation of upper residential floors
- Rental re-pricing after refurbishment
- Optimizing tenant mix across commercial units
Meanwhile, the upper floors remain vacant and require extensive renovation. Therefore, this should be considered a value-add opportunity rather than a turnkey investment.
Why This Property Works for Investors
Several factors make this Mwembe Tayari mixed-use building highly attractive. Firstly, it offers strong commercial frontage with active tenants. Secondly, it benefits from freehold tenure, ensuring long-term ownership security.
Furthermore, the location is within a high-demand urban zone with consistent foot traffic. As a result, the property has clear upside potential through refurbishment and repositioning.
Investment Action Plan (What You Should Do Next)
To properly evaluate this opportunity, a structured approach is recommended.
Step 1: Site Inspection
First, assess the structural condition of the upper floors. In addition, review commercial tenant stability and confirm renovation scope and cost estimates.
Step 2: Financial Evaluation
Next, estimate post-renovation rental income. Furthermore, compare total acquisition and refurbishment costs against market rent to determine feasibility. Consequently, this helps identify potential ROI after stabilization.
Step 3: Investment Decision
Finally, secure financing or partnership funding. Thereafter, plan a phased renovation strategy and position the property for long-term rental yield or resale.
Inquire About This Mwembe Tayari Mixed-Use Property
Opportunities like this Mwembe Tayari mixed-use building for sale are increasingly rare. Therefore, early engagement is highly recommended due to strong location demand and limited commercial zoning availability.
📩 Request:
- Full due diligence report
- Rental income projections
- Renovation advisory breakdown
👉 Contact our team here: https://gimcoltd.com/contact-us/
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