At a Glance
- Uchumi House offers 4,491 sqm lettable space with secured tenants for immediate income.
- Strategic CBD location near key landmarks ensures long-term occupancy and strong investor interest.
- Listing appeals to institutional investors, private equity firms, and high-net-worth buyers.
Uchumi House, a 22-story income-generating commercial property in Nairobi’s CBD, is now listed for $4.4 million. Hosting Naivas Supermarket and Pronto Restaurant, this prime property offers 4,491 sqm of lettable space, providing immediate rental income for investors.
Location and strategic advantage
Situated at Aga Khan Walk and Nkrumah Lane, Uchumi House benefits from high pedestrian traffic, proximity to corporate offices, government buildings, and major transport links.
Nearby landmarks include Sunken Parking, Electricity House, Nairobi Cinema, and Kenya Re Building. The property sits on approximately 0.28 acres and offers about 4,491 square meters of lettable space, making it a sizeable asset by CBD standards.
Investment appeal
The building, listed at Ksh562.5 million ($4.36 million), currently hosts established tenants, including Naivas Supermarket, one of Kenya’s fastest-growing retail chains, and Pronto Restaurant, providing immediate and predictable rental income for a prospective buyer. This tenant mix reduces vacancy risk and positions the asset as a turnkey investment, eliminating the need for upfront development or repositioning costs.
With these established tenants and low vacancy risk, Uchumi House presents a turnkey investment opportunity. Institutional investors, private equity firms, and high-net-worth individuals can acquire a stable, income-generating asset in Kenya’s most valuable business corridor.
Uchumi House is surrounded by key landmarks such as Sunken Parking, Electricity House, Nairobi Cinema, and the Kenya Re Building, reinforcing its status as a core CBD asset. For investors, such proximity enhances long-term occupancy prospects and supports stable yields, particularly as demand for centrally located commercial space continues to outstrip supply.
Market outlook
Despite the rise of decentralized office nodes, Nairobi’s CBD remains a resilient investment market. Demand for well-located, income-producing properties continues to outstrip supply.
As Kenya’s commercial real estate market adjusts to shifting work patterns, assets like Uchumi House, well-located, income-producing, and tenant-secured, are increasingly viewed as defensive investments. The $4.4 million listing places the property within reach of institutional investors, private equity-backed property firms, and high-net-worth individuals seeking long-term capital appreciation alongside steady cash flows in East Africa’s largest urban economy.
