Absa Towers Commercial Office Building for Sale in Nairobi CBDA Trophy Tower - Institutional Grade Investment

Absa Towers is strategically located within the City Centre of Nairobi at the junction of Loita and Market Street. It is one of the most prominent Office development in the area. The overall site extends to 0.487 of an acre. The development comprises of a seventeen-storey commercial block with a gross built up area of 24,768 sqm (266,602 sq.ft) and a net lettable office area of 13,313 sqm (143,300 sq.ft). The development has six levels of car parking with a total of 160 parking bays. Absa Towers is a prime commercial office development with a 99.8% occupancy rate and has been well tenanted since completion. Leased to blue chip corporate occupiers with strong covenant strengths including: Tire-one banks, insurance organisations and key government institutions. An excellently designed development with high technological specifications. Amenities include a large reception area, 4 No. passenger lifts, 2 No. Back-up generators, Solar panels to supplement mains power and fibre optic services. We are instructed to seek offers in excess of Kshs. 2,035,000,000 (Kshs Two Billion Thirty Five Million) subject to contract and exclusive of VAT. A purchase at this level would reflect a gross initial yield of 9% For sale by private treaty