Thursday, June 8, 2023

Sh. 14 million monthly rent Lonrho building still on sale at Sh. 1.9 billion

The Lonrho building that is situated at the Nairobi Central Business District is still on sale. According to its sale advert, the building is going for Sh. 1.9 billion. It has been said to bring in Sh. 14 million monthly in come in form of rent.

The building whose construction ended in 1990 has 22 flours above ground and a height of 79.86 meters. It has 3No. podium parking levels of up to 145 parking bays, and typical offices from 6th to 20th floor.

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The iconic Lonrho Africa building situated between Standard Street and Kaunda Street in Nairobi’s CBD and has a typical built up area of 169,755 sq.ft.

Other buildings on sale within the Nairobi area include the Tikoo House which is up for sale at Sh. 280 million. This commercial building of 7 floors is located on Keekorok road.

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The Tikoo House has approximately 22,000 square feet of build up space which involves 7 floors of 2.500 square feet. There is also lift access that enables swift moving of goods from ground floor to the upper levels. This building is being sold by the Pam Golding Properties.

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