Likoni Bungalow Residential Property For Sale
Substantial 1.31-acre residential holding in Likoni with existing bungalow development – a landbank asset offering immediate occupation value combined with long-term redevelopment potential as Likoni urbanises.
1.31 Acres
Total Area
KES 262,000,000
Asking Price
House For Sale
Category
Executive Summary
At 1.31 acres, this is one of the larger single residential holdings in Likoni, a rapidly urbanising suburb on the southern mainland of Mombasa. The existing bungalow development provides immediate habitable value while the land footprint allows for comprehensive redevelopment into multi-unit residential apartments or a gated townhouse estate as demand intensifies. Likoni's residential market has benefited from improving infrastructure, including the Southern Bypass and ongoing upgrades to Likoni Road. The area attracts young Mombasa families, civil servants, and lower-to-middle-income earners priced out of Island properties. Demand for quality, affordable rental housing in Likoni is strong and accelerating. This plot, at 1.31 acres, provides sufficient land for a 20–40 unit apartment complex, delivering significant rental yield from a lower-cost construction base than comparable Island developments. Availability Status: Available – Immediate Confidentiality Level: Qualified Investors Only Highest & Best Use: Multi-Unit Residential Apartments, Gated Townhouse Estate Distance to CBD (Mombasa): ~3km via Likoni Ferry Nearest Major Road: Likoni Road
Location
Asking Price
KES 262,000,000
KES KES 262,000,000
USD USD 2,031,000
Parcel Summary
Confidential Investment
This memorandum is provided for qualified investors only. All site visits require 24-hour notice and NDA execution.