Retail Space to Let at Adams Arcade Shopping Mall

Price on call
For Rent

423

Property ID

Description

About Adams Arcade

The first shopping complex of its kind in East and Central Africa!
It all began when Abdul Habib Adam sprang up from bed one day and began to draw a sketchy outline on a piece of paper. He saved up enough money to buy some land in the ‘colonial area’ of then colonial Kenya in order to build the shopping centre. The initial drawings and designs were all done by him, but he faced trouble getting approval from the council as he wasn’t an architect. He managed to get an architect from South Africa to sign his designs and thus went on to get approval for building the centre.
The first structure to appear on the site was the Total petrol station in 1954. Mr. Adam negotiated with the Total oil company and got them to sign a contract where they were to build a petrol station on a portion of the land he had bought. He then financed the first phase of the shopping centre which was completed in 1959.
Now Adams Arcade boosts of all types of stores and has maintained and increased its traffic over time.
With Ample parking at the most affordable rate any Mall is offering right now in Kenya, the traffic is never ending and so is the foot count.
Among the tenants include: Total Petrol Station, Tuskys Supermarket, Java, House of Leather, Zucchini, McFrys, Posta Kenya, and Western Union among other well renowned brands with a huge customer base.
We currently have 4 shops on offer: 2 on First floor and 2 on Ground floor, next to Posta, vertical to Java Coffee House.

FIRST FLOOR SHOPS
1. Shop no 12 –
Size: 484 sq.ft
Rent per month: Kshs. 107,900.00
S. charge per month: 12,100.00
Vat Kshs. 19,200.00
Total Payment per month is Kshs. 139,000.00

2. Shop no 25 –
Size: 753 sq.ft
Rent per month: Kshs. 120,000.00
S. charge per month: 18,825.00
Vat Kshs. 22,212.00
Total Payment per month is Kshs. 161,037.00

GROUND FLOOR SHOPS
1. Shop no 37
Size: 957.907 sq.ft
Rent per month: Kshs. 180,000.00
S. charge per month: 23,925
Vat – Not applicable at the moment
Total Payment per month is Kshs. 203,925.00

2. Shop no 12
Size: 484 sq.ft
Rent per month: Kshs. 180,000.00
S. charge per month: 18,000.00
Vat – Not applicable at the moment
Total Payment per month is Kshs. 198,000.00

Terms
1. The rent is payable quarterly in advance.
2. Three months deposit
3. Lease term is 5 years 3 months renewable
4. No Goodwill

Book your space today to cash in from the Festive season. Call/email us today for a site Visit:
Phone: +254701099948/+254720986989; Email: real@dpk.co.ke

Address

  • Country: Kenya
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  • Property ID 423
  • Price Price on call
  • Property Type Commercial
  • Property status For Rent
  • Year Built 1954

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