Uchumi House, a five‑storey commercial property located at the junction of Aga Khan Walk and Nkrumah Lane in Nairobi’s Central Business District (CBD), is on sale for Sh562.5 million.
The building, which includes a basement and mezzanine floor, sits on a 0.28‑acre parcel and offers a total floor area of 4,491 square metres. Current tenants include Naivas Supermarket and Pronto Restaurant, providing immediate rental income to a prospective buyer.
Prime Location with Strong Investment Appeal
Uchumi House is surrounded by Sunken Parking, Electricity House, Nairobi Cinema, and the Kenya Re Building, reinforcing its strategic positioning within Nairobi’s commercial heart.
The CBD remains one of the city’s most sought‑after hubs, buoyed by high foot traffic, proximity to transport nodes, and the concentration of government offices and corporate headquarters.
Nairobi CBD Office Market Trends
Market reports underline the resilience of Nairobi’s CBD office sector, with Knight Frank noting that Grade A offices maintain occupancy rates of around 80% thanks to demand for international‑standard facilities and proximity to government institutions.
Cytonn Investments highlights rental yields of 8–10% annually that outperform many suburban locations, supported by strong absorption rates in mixed‑use developments anchored by retail; at the same time, Hass Consult observes that CBD properties continue to attract investor interest despite slower land price growth in satellite towns, with its Hass Property Index emphasising the city centre’s role as a core investment hub offering long‑term stability and consistent rental demand.
Demand for CBD properties remains strong as investors seek stable rental yields and long‑term capital appreciation.
