The Tembo Co-op House, a 7-storey building located on Moi Avenue in Nairobi’s Central Business District (CBD) has been put up for sale.
In an advert published in the local dailies on Thursday, a real estate company that specialises in valuations, estate agency, and marketing drummed up the building’s marketability stating that the seven floors are fully occupied and leased to reliable tenants.
The building, which sits on 0.0859 acres, features several amenities including a reliable water supply, adequate storage, and electricity supplemented by a backup generator.
A photo of Tembo Co-op House located in Moi Avenue in Nairobi’s CBD.
Tembo Co-op House is strategically located within the Nairobi Central Business District (CBD). Its location is convenient and enables easy access to key transportation hubs, major businesses, and government offices.
The building is currently operating on a leasehold term of 99 years from July 1, 1985. This means that an individual has the right to occupy the building up to 2084.
In the notice, the real estate company explained that interested buyers would be provided with several details upon application including the price of the building, a copy of the title, tenancy schedule, and building plans.
The company, however, did not divulge the reason for putting the building up for sale.
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