Kebena G+11 Mixed-Use Building for Sale

Prime Investment Opportunity: Kebena G+11 Mixed-Use Building for Sale Overview Discover an exceptional investment with the Kebena mixed-use building, strategically located in the bustling heart of Addis Ababa. This expansive property spans 450 square meters, with a constructed area of 280 square meters. The G+11 configuration includes: Ground Floor: One basement parking Two Commercial Levels: Ideal for retail or services Six Additional Floors: Suitable for banking, office spaces, and residential apartments Currently operating as a hotel, this property generates a lucrative monthly income of 1.5 million ETB. Financial Details Remaining Bank Loan: 60 million ETB Cash Against Loan: 340 million ETB (slightly negotiable) Total Price (Including Loan): 400 million ETB Key Features High Human and Transport Traffic: Ensures a steady influx of tenants and customers. Independent Lifts: Two independent lifts for easy access. Water Supply: A 40-reserve water tank. Quality Materials: Constructed with high-quality imported materials within a secure environment. Multi-Purpose Hall: Enhances the building's versatility. Location Advantage Situated in a thriving commercial and residential hub, the building is in close proximity to major roads, schools, markets, and upcoming condominiums, positioning it as a high-yield asset in a rapidly developing area. Property Management Services At Adera Property and Asset Management, we provide comprehensive property management and asset administration services, including: Sales and Rentals: Tailored solutions for buyers and sellers. Professional Support: Our dedicated team ensures a smooth and efficient experience throughout the entire process. Important Note A 2% service fee will be applied to the total transaction amount for both buyers and sellers. If you do not agree to this service charge, we kindly ask that you refrain from proceeding. Tips for Sale Agreements Clear Terms: Ensure all terms, including price, payment methods, and timelines, are clearly stated. Legal Compliance: Consult with legal professionals to ensure the agreement adheres to relevant laws and regulations. Due Diligence: Perform thorough due diligence on the property to avoid any surprises. Inspection: Allow for property inspections before finalizing the agreement. Contingencies: Include contingencies for financing and inspections to protect both parties. Signatures: Ensure that all parties involved sign the agreement to make it legally binding. For more information or to schedule a viewing, please contact us at www.betoch.et or call us at +251 91 108 4039. BT: 22