High-Rise Building for Sale in Addis Ababa, Ethiopia – NIG
- 850,000,000 ETB
High-Rise Building for Sale in Addis Ababa, Ethiopia – NIG
- 850,000,000 ETB
Overview
Property ID: EHB23644
- Building for Sale in Addis Ababa
- 1134 m²
Description
An exceptional opportunity to acquire a large income-generating commercial high-rise in the heart of Addis Ababa. This 2B+G+11 building sits on a massive 1,143 sqm plot with 1,000 sqm of built-up area. The property comes with full legal documentation, is currently operational, and positioned in a corridor development zone. It includes 2 elevators and generates 5 million birr in monthly rental income. A bank loan of 850 million birr is in place, primarily with Awash Bank and partially with Siinqee Bank, while the seller is seeking 350 million birr in cash. Ideal for serious investors seeking long-term profitability. 2% commission applies.
Key Features:
- Location: Addis Ababa, Ethiopia
- Plot Size: 1,143 sqm
- Built Area: 1,000 sqm
- Structure: 2 Basements + Ground + 11 Floors
- Elevators: 2
- Monthly Income: 5,000,000 birr
- Bank Loan: 850,000,000 birr (mostly with Awash Bank)
- Seller Cash Requirement: 350,000,000 birr
- Legal Status: Fully documented
- Development Zone: Corridor-approved
- Access: Asphalt road
- Commission: 2%
Details
Updated on July 11, 2025 at 1:39 pm-
Property ID EHB23644
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Price 850,000,000 ETB
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Property Size 1134 m²
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Property Type Building for Sale in Addis Ababa
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Property Status For Sale
Address
Open on Google Maps-
Address: Addis Ababa, Ethiopia
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City: Addis Ababa
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Zip/Postal Code: 5648
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Country: Ethiopia
