Property Description
Eight (8) x 3-Bedroom Apartments developed on a spacious land measuring 2.12 acres (8,583m2) in state lodge area. Fully wall fenced. Tarred road frontage. Two Boreholes in place for water supply. ZESCO Electricity on site.
Excellent floor plan with each unit having 3 bedrooms upstairs with master bedroom ensuite. Spacious modern kitchen, dining, lounge, featuring high quality finishes and fixtures.
Large backyard that is perfect for entertaining and covered double garage for car parking for each apartment unit.
Located in a friendly VIP neighborhood of state lodge with tarred road frontage, lots of sunlight. Once completed and furnished based on full 100% occupancy the property has annual Potential Gross Income (PGI) of USD 192,000/year.
Rental for executive furnished apartments in area USD 2,000 – 3,000 per month.
Can be easily converted into hospitality such as Boutique Hotel or Guest Lodge.
Longterm investment property selling at discount to Market Value.
Location GPS: Latitude – 15°28’39.24″S, Longitude – 28°25’6.79″E.