Shopping Mall for Sale in Malindi, Kilifi

Prime Retail Investment Opportunity in Coastal Kenya

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9

KES 75,000,000

For Sale 1.7 Acre Commercial Land Malindi

Malindi, Kilifi

6,500.00 sqm
Parking Parking 24/7 Security
At a glance

Malindi offers exceptional commercial property investment opportunities with its growing tourism sector and expanding local economy. Our shopping mall listings in this Kilifi sub-county feature prime retail spaces ranging from Ksh 50 million to Ksh 500 million, with average rental yields of 8-12%. These properties benefit from high foot traffic, modern amenities, and strategic locations near key attractions like the Malindi Marine Park and town center.

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 NameSize (sqm)Price RangeOccupancy Rate
Malindi Central Mall5,000Ksh 450M-500M92%
Sabaki River Retail Complex3,200Ksh 280M-320M88%
Casuarina Shopping Plaza2,100Ksh 180M-210M95%

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

Frequently Asked Questions

Current market rates range between Ksh 85,000 to Ksh 120,000 per square meter depending on location within Malindi. Premium spaces near the CBD command the highest prices.
Yes, the ongoing expansion of the Malindi-Sala Gate Road and planned upgrade of the Malindi Airport are expected to increase property values by an estimated 15-20% over the next three years.
Supermarkets and banks typically sign 5-7 year leases with annual rent escalations of 7-10%. Smaller retail units usually have 2-3 year leases with similar escalation clauses.
While peak seasons (December-March, July-August) see higher sales volumes, well-located malls maintain stable occupancy year-round due to strong local customer bases supplemented by expatriate residents.
Most shopping malls feature 24/7 guarded access, CCTV surveillance systems, electronic access control for service areas, and dedicated police patrols. Many newer properties also have biometric entry systems.
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