We have for sale a plot measuring 0.25 acres within the famous Komarock Estate phase 3. The plot has zoning for a shopping centre and is ideal for anyone looking to develop in an area that is arguably Nairobi’s most densely populated area.
This is one of the highest density residential areas in Nairobi whose primary catchment is the expansive Komarock Estate. The residential scheme is touted as one of the most successful residential developments in Eastlands alongside Buru Buru estate. The areas secondary catchment area covers Buru Buru, Umoja, Innacore, Kayole, Kariobangi South, and Donholm Estates in addition to smaller residential developments coming up along Kagundo road.
The expansion of the Outering Ring Road which serves the greater Embakasi area promotes even further connectivity to areas such as Saika and Eastleigh. 2009 population census data from National Bureau of statistics shows that greater Embakasi had a population of 925,775 accounting for 30% of Nairobi County’s population.
The Komarock population can be considered as middle income as recent residential houses sales are reporting values of between KES 7 – 10 million achieved. Reports also indicate that these residents’ average monthly income is approximately KES 50,000.00 – 80,000.00 per household with an average disposable income of about KES 10,000.00 – 15,000.00 monthly. However, the secondary catchment area also covers the densely populated low income areas such as Kayole and Dandora Estates. The economic activities in this area thus generate sufficient income to afford residents to constitute effective demand for goods and services and education for children. Therefore, any retailer or school owner would comfortably bank on the more than 50,000 households settled within this market.
The area around the plots has been well developed with a large middle-class population living in and around the plot and estate which is well managed.
This is an opportunity for anyone looking for a Prime plot to develop with a ready catchment area for a Commercial Centre.
Asking Price: KES 20 Million