Shopping Mall for Sale in Magarini, Kilifi
Magarini presents a unique opportunity for investors seeking commercial property in Kenya's coastal region. The area's growing tourism industry and local population create strong demand for retail spaces.
Retail Market Overview
The commercial property market in Magarini has shown consistent growth, with shopping malls achieving occupancy rates of 75-90%. Average rental yields range from 8-12% annually, making this an attractive investment destination.
Property Features
| Feature | Details |
|---|---|
| Total Area | 5,000-15,000 sq ft |
| Price Range | Ksh 50 million to Ksh 200 million |
| Units Available | 20-50 retail spaces per complex |
| Parking Capacity | 50-150 vehicles |
| Power Supply | 3-phase electricity available |
Location Advantages
- Strategic position along the Malindi-Kilifi highway
- High visibility from main roads
- Proximity to residential estates and tourist attractions
- Adequate parking and loading facilities
- 24/7 security with CCTV surveillance
Investment Potential
Shopping malls in Magarini offer excellent capital appreciation potential, with property values increasing by an average of 10-15% annually. Current rental rates range from Ksh 150-400 per square foot depending on location within the complex.