HIGH END REAL ESTATE BROKERAGE SERVICES

DELFE Luxury Brokerage was born from the need that we saw with our clients in terms of accessing reliable resources regarding investment opportunities in real estate, housing and business entities available in the Ethiopian market. Our teams represent buyers as well as sellers in high end real estate assets including the sale of Hotels, luxury homes and apartments as well as other acquisition opportunities. Our extensive global network within the diaspora community as well as foreign investments, allows us to link buyer with seller successfully once our engineers have vetted the asset. Once acquisition is complete, our in-house architectural and engineering team will provide turnkey design solutions ranging from concept design and space planning for greenfield projects to interior design and renovation solutions for constructed assets.

SOLD!

The “Delanta” Property near British Embassy

An Exquisite 1,828 sqm property ready for residential development

A 1955 exquisite home, sitting on a 1,828 sqm land, in the heart of the Kebena area is on the market for a quick sale. Built and owned by the same family for over 60 years, the “Delanta” house has been impeccably well maintained throughout the years with necessary upgrades done to the electrical and plumbing systems as well as additional expansion and ground work completed while maintaining the truly charming 1950s design and finishing works. This property meets the needs of a discerning buyer looking for historic and spacious family home. More so, the property is quite suitable for an astute investor looking for unparalleled opportunity for development of luxury residential or mixed use project.

Delanta house as a family home or revenue generating rental property

Unparalleled Esthetics and Function
Built in the 50s, Delanta House is a single-story architectural marvel, reminiscent of the old Addis charm. The graceful and spacious circular designed living room, immaculate natural wood flooring and richly decorated verandahs, takes one back to the days where design and function were seamlessly fused to deliver elegance and comfort to its dwellers and guests alike. Fancy roofing with thatch and corrugated iron sheets are original in design and showcase the engineering excellence of the era.

Aside from the spacious living room, with fireplace and dining area both opening to their own verandahs, Delanta house has 1 large master bedroom with in-suite bathroom, 3 mid-size bedrooms, 2 smaller rooms that can be converted to storage rooms or additional bedrooms and 2 separate bathrooms each with a shower and bath tub, respectively.

A separate spacious kitchen with large pantry area is accessible from the balcony and has been used as the family breakfast room, a place filled with beautiful memories of a life well lived.

Behind the main house two separate living quarters exist, one area dedicated to the grounds staff and another separate area with its own entrance and complete with its own bathroom and appointed as cozy guest rooms.

Mid Century Design with 21st Century systems
The electrical and plumbing systems have been upgraded to handle a generator and a 6500 litres of water reservoir as backup supply, respectively.

Spacious garden and lush green oasis
The +800 sqm lush and beautiful garden adorned with 10m tall trees, line the perimeter of the property and create an oasis like feel as one enters the compound of this exquisite property. The wide driveway and covered garage provide plenty of space for large gatherings.

A significant revenue generating rental property
Delanta has been a sought-after property, with potential for generating significant rental income with its key tenants being senior expat families, embassies as well as UN staff. One of the rooms has been turned into a safe room with reinforced doors, meeting security protocol for senior officials. It is optimally located within 5 km radius of the British Embassy, Kenya Embassy, Russian Embassy, Italian and German Embassy as well as the Sanford School and German School.

Qualified Prospects, contact Tel: +251-902-350-602 or Email: info@delfegroup.com for more information

delanta property as a viable luxury mixed use residential development opportunity

Ideal Location for Luxury Residential Apartment Units
Delanta is optimally located in the Kebena area, an old residential neighborhood still untainted by the concrete jungle that has become Addis. The road infrastructure adjacent to the property, makes this area accessible and connected to the heart of the city while providing the needed serenity away from the chaotic feel of Bole and its environs.

Addis Ababa as one of the largest diplomatic community in the developing world
Over 130 diplomatic missions are stationed in Addis with significant number located in the Kebena area and within 5km radius from Delanta including British, Kenyan, Russian, Italian and German Embassies. Delanta Development investors are assured consistent revenue streams from these tenants.

Plan Agreement approved for 52.5m height development
Delanta is held in two parcels each with its own title deed. One parcel has 1,085 sqm of land and the other parcel has 741 sqm for a total of 1,826 sqm. There is no physical delimitation between the two parcels, with ability to merge if necessary. On August 26th, 2022 the owners have received the updated plan agreement that approves medium density residential mixed use. Other key data includes:
- A minimum FAR (Floor Area Ratio) of 4.5 (or 5 floors) to 52.5m height (or 17 floors).
- At least 60% should be for residential purposes

DELFE Concept Design for Potential Developer
The DELFE team, as the exclusive owner representative, is committed to successfully sourcing a prospective developer and with that and as a licensed Architectural and Engineering Firm, is willing to develop a conceptual design that will provide a high level space plan that will in turn be used to analyze return on investment.