Parking Lot for Sale in Kongowea, Nyali
Kongowea is a thriving commercial hub in Nyali, Mombasa, known for its bustling markets and high foot traffic. Investing in a parking lot here presents an excellent opportunity for steady rental income or pay-parking business ventures.
About Kongowea Commercial Area
Kongowea is strategically located near major markets, shopping centers, and transport routes, making it a prime spot for parking solutions. The area experiences heavy vehicle movement daily, ensuring high demand for secure parking spaces.
Available Parking Lots
| Property Size | Price Range (Ksh) | Capacity | ROI Potential |
|---|---|---|---|
| 1,000 - 2,000 sq ft | 10M - 20M | 10-20 vehicles | 12-15% annually |
| 2,000 - 5,000 sq ft | 20M - 50M | 20-50 vehicles | 15-20% annually |
Investment Benefits
- High Demand: Limited parking spaces in the area drive consistent occupancy.
- Scalable Business: Potential to expand into valet or automated parking services.
- Proximity to Key Areas: Close to Kongowea Market, Nyali Mall, and major highways.
- Security: Gated options available with CCTV surveillance.
Technical Details
- Title Deed: Freehold or leasehold options available.
- Accessibility: Paved access roads with easy entry/exit points.
- Utilities: Some lots include lighting and drainage systems.