Milimani estate in Kisumu provides the perfect suburb feeling that some investors usually crave so much. It is an upmarket estate which is only a preserve for the crème de la crème within the lakeside town. This is because the prices don’t come easy. As expected of most suburbs, the prices of property in Milimani are quite high and you really need to get your money right before thinking of buying property in this particular estate. Properties in this estate are in fact some of the most expensive properties in land for sale in Kisumu and this is rightfully so as you will find out in the points highlighted below.
For those who are not conversant with Kisumu, Milimani happens to be situated just adjacent to the town center of Kisumu. It is a walking distance from the Central Business District of Kisumu Town. This is usually a plus in the real estate business. Lands within the CBD or those within the proximity tend to be higher in value than those that are far off.
The nearness to the town center gives Milimani estate an advantage over other estates in that it can very conveniently support commercial premises and ventures. As it is, Milimani is already home to a number of businesses like Wines and spirits, wholesale shops boutiques and several others. The businesses are doing quite well meaning that the area has already established itself as a commercial hub and can support even further commercial activities. Commercial investment does well in Milimani because of its nearness to the town center.
Apart from commercial investments, this is the one place most suitable for constructing a dream home. It has everything one would need in a dream home. The upper Milimani region particularly has the ambience and serenity for a perfect dream home. The vegetation, cool breeze, quietness, adjacency to the Lake Victoria all contribute to dream home setting.
The area also boasts of being home to various high end hotels like the Sunset hotel. Its cool ambience provides setting up of hotel businesses in the estate. This is particularly a good reason why large scale investors should consider this estate when looking for land for sale in Kisumu. The hotel industry has very high returns in the region considering the number of local and international tourists flocking the lakeside region annually to catch a glimpse of the beautiful town. Wise investors should take advantage of this and construct modern and comfortable hotels in this region to cash in on the blossoming hotel industry in Kisumu County at large.
Milimani estate is a residential area for a number of residents of Kisumu town. As such it is equally suitable for construction of rental apartments. Members of the Asian community particularly prefer residing in this estate as most of their businesses are located around the area. Therefore if you are looking for an area to put up rental apartments in land for sale in Kisumu then Milimani is the place to be.