The development with 17 rooms of which 11 are self contained (en suite), including 2No. 1 bedroom apartments, a large kitchen and cooking area, servants room, 2 external washrooms, a large balcony overlooking Lake Victoria, a very luxurious and spacious master bedroom with a Jacuzzi and balcony viewing the sun setting every evening over the Lake, an outdoor tent area for holding workshops and/or seminars of up to 200 people and up to 25 people inside. The property boasts of a mature well maintained garden offering a serene, pure and relaxing atmosphere.
Originally built as a private residential house and later changed to commercial use, currently the property is a profitable boutique hotel with guests visiting from around the world. The property has provided comfort, tranquility and a very serene environment. The property has space for future expansion without interfering with the garden and trees; there is space for adding 2 blocks with a total of 11 similar rooms and a large restaurant/eating area for continued use as a boutique hotel or otherwise.
The property is ideal for use as a serious corporate office, small Private Hospital, Clinic or Special Training Facility. It offers an opportunity for investment in the fast growing town of Kisumu, being also the headquarters of the Lake Victoria Basin Commission bringing together all the East African Countries, Kenya, Uganda, Tanzania, Rwanda and Burundi, not to mention the opportunity to provide accommodation or other services to the ever growing demand in Kisumu and the Region. With the County Government coming soon, this is the best investment opportunity for serious consideration.
The Property has a Clean Title Deed, free from any encumbrances, and is available for immediate transfer.
The property is located in the very top, high market, quiet area of Kisumu in Milimani Area on Lolwe Drive. It is about 300 meters from the Kisumu State House, 100 meters from the Provincial Commissioner’s official residence and 50 meters from the District Commissioner’s residence. It is also 50 meters from the Nyanza Club, 1 kilometer from the Impala Park and the Yatch Club, and 2 minutes drive to the CBD.
Price Guide Kshs 120 Million
Monthly rental income Kshs. 800,000