Exclusive commercial building located at the most busiest street of Kathmandu is now available on sale. This exclusive property is located at Newroad, Kathmandu. This property located only about 800 metres away from Newroad gate and 100 metres inside main Newroad has five entrances. This property is near to Ranjani complex. The property covers an area of 0-12-0-0 aana. This property is of 7-storey with basement. This property has total build-up area of 28,000 sq. feet. Each floor covers an area of 4000 sq. feet. The building faces towards south in direction with 5.5 feet road attach to it. As located at the most busiest street, there’s maximum walking customer in this area. This area is mostly dominated by clothing shops. Wholesale or retail, one can find anything around this area.
At present there are 90+ units of business shops operating at this building. Each units covers an area of about 120 sq. feet to 330 sq. feet. In average, per square rate charge is Nrs. 64 at present. Currently, this property generates 18 lakhs of rental monthly. If managed properly, this building has potential of generating 25 lakhs of rental monthly.
This building has provision of lift, that goes up to 4th floor. This building has every facilities needed such as electricity, drainage, flooring, water, cctv, security and more. This building might be one of the best managed building in this area, as it is fully managed. Currently, this building doesn’t charge any management charges. Since the building is located at the most prime area this property has great value. Located already the best place for commercial purposes, this might be a great avenue for any buyer/investor to grab this opportunity in this area.
Location: Newroad, Kathmandu
Area: 0-12-0-0 aana