Shopping Mall for Sale in Malindi, Kilifi
Malindi's commercial property market is experiencing significant growth, driven by its status as a major coastal tourism destination. Shopping malls in this area serve both the local population and international visitors, creating diverse revenue streams for investors.
Malindi Retail Market Overview
The retail sector in Malindi has shown consistent annual growth of 7-9%, with anchor tenants including supermarkets, banking halls, and international retail chains. Current vacancy rates stand at just 8%, significantly lower than the national average.
Available Shopping Mall Properties
| Property Name | Size (sqm) | Price Range | Occupancy Rate |
|---|---|---|---|
| Malindi Central Mall | 5,000 | Ksh 450M-500M | 92% |
| Sabaki River Retail Complex | 3,200 | Ksh 280M-320M | 88% |
| Casuarina Shopping Plaza | 2,100 | Ksh 180M-210M | 95% |
Key Investment Features
- Foot Traffic: Prime locations receive 5,000-15,000 daily visitors
- Rental Yields: Average 10% ROI with premium units achieving up to 15%
- Tenant Mix: Combination of local retailers and international brands
- Infrastructure: Reliable power backup systems and ample parking (1 space per 30sqm)
Location Advantages
Shopping malls in Malindi benefit from proximity to:
- The Malindi-Garissa highway (500m-1km)
- Major hotels and resorts (Diamonds Dreamland, Ocean Beach Resort)
- The Malindi Airport (15 minutes drive)
- The town's central business district