Parking Lot for Sale in Raphta Road Area, Westlands
Raphta Road in Westlands is a prime commercial area with high demand for parking spaces due to its proximity to offices, shopping centers, and entertainment spots. Investing in a parking lot here offers excellent returns, with steady rental income from daily and monthly parkers.
About Raphta Road Commercial Area
Raphta Road is strategically located near major business hubs like Westlands Mall and The Hub. The area experiences heavy foot and vehicle traffic, making it ideal for parking investments. Nearby landmarks include Sarit Centre and ABC Place.
Available Parking Lots
| Property Size | Price Range (Ksh) | Capacity (Vehicles) | ROI Potential |
|---|---|---|---|
| 1,000 sq ft | 10M - 20M | 15-20 | 8-12% annually |
| 2,000 sq ft | 25M - 50M | 30-40 | 10-15% annually |
Investment Benefits
- High Demand: Limited parking spaces in Westlands drive consistent occupancy.
- Low Maintenance: Minimal upkeep compared to other commercial properties.
- Flexible Leasing: Options for hourly, daily, or monthly rentals.
- Future Growth: Ongoing infrastructure projects enhance accessibility.
Location Advantages
The Raphta Road area is well-connected to major roads like Waiyaki Way and offers ample security. Its proximity to corporate offices and retail centers ensures a steady stream of parkers.