Residential Apartments

Project description

Development of Residential Apartments in the suburbs of Kampala. The Apartments will be 20 and will include swimming pool, gym and other amenities. Real Estate in Uganda is booming and the need for residential units is growing exponentially. The investment can be a hybrid investment, however further discussions can be held to discuss the more favourable terms.

The 1st Residential Housing project includes 1 or 2 blocks with 10 units each, totalling to 20 units (this can be increased).

The project shall be situate on 0.5-1 acre of land

Estimated cost of USD 2, 000, 000. This will include, final municipal approvals, constructions costs, land purchase costs

SaleProfit after tax:Less operating expenses (which will include Admin, Transport costs, telephone, utilities, Rent, Bank charges, Advertisement, Consultancy/Audit)-estimated at 50, 000-100, 000.Tax chargeable is 15% incase of sale. These can be sold for between 150, 000usd to 350, 000 depending on the location.

Rental collections (Company) In case of rental collections the rent collected monthly will vary from USD 1500 to USD 3500 per unit. Tax charged will be calculated at 30% off the annual rent income for each unit less operating expenses like security, utilities e.t.c.

Amenities

Electricity is reliable, water constant, plenty of private space.

Beautifully landscaped gardens

Access controlled entry to apartment blocks

CCTV Camera

Adult swimming Pool

Gym

Kids Play area

Kitchen Finishes:Ceramic tiles, Suspended moisture resistant gypsum board

Bedroom Finishes:Porcelain Tiles, Specialist paint or wall paper, Full height glass windows in rooms for views and ambience

Market analytics

Development of Residential Apartments in the suburbs of Kampala. The Apartments will be 20 and will include swimming pool, gym and other amenities. Real Estate in Uganda is booming and the need for residential units is growing exponentially. The investment can be a hybrid investment, however further discussions can be held to discuss the more favourable terms.

The 1st Residential Housing project includes 1 or 2 blocks with 10 units each, totalling to 20 units (this can be increased).

The project shall be situate on 0.5-1 acre of land

Estimated cost of USD 2, 000, 000. This will include, final municipal approvals, constructions costs, land purchase costs

SaleProfit after tax:Less operating expenses (which will include Admin, Transport costs, telephone, utilities, Rent, Bank charges, Advertisement, Consultancy/Audit)-estimated at 50, 000-100, 000.Tax chargeable is 15% incase of sale. These can be sold for between 150, 000usd to 350, 000 depending on the location.

Rental collections (Company) In case of rental collections the rent collected monthly will vary from USD 1500 to USD 3500 per unit. Tax charged will be calculated at 30% off the annual rent income for each unit less operating expenses like security, utilities e.t.c.

Amenitis

Electricity is reliable, water constant, plenty of private space.

Beautifully landscaped gardens

Access controlled entry to apartment blocks

CCTV Camera

Adult swimming Pool

Gym

Kids Play area

Kitchen Finishes:Ceramic tiles, Suspended moisture resistant gypsum board

Bedroom Finishes:Porcelain Tiles, Specialist paint or wall paper, Full height glass windows in rooms for views and ambience

The uniqueness of the project

The project is a hybrid project

Monetization sources

Firstly the project is self-advertising. But addition o special amenities like swimming pool, gym and sauna will draw alot of attention

Sales strategy and marketing

This will include online presence, tv adds, and special financing options that will attract buyers like mortgage arrangements with various banks.

Project detailed information is available to investors after authorization.

Project detailed information is available to investors after authorization.

Project No. 49054
Created on: 30.04.2019

Uganda, Kampala, kampala


Project price: 2 000 000

Investments volume: 2 000 000


Stage: Project is at development stage


459 reviews

Contact details of entrepreneur

Kasolo Jesse

Uganda, Kampala, kampala
Real estate