1 bedroom Apartment block for sale in Bbunga Kampala Uganda, code: 198972
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Ugx 1,000,000,000/=
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Apartment block
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Nestled in the vibrant and growing neighborhood of Bbunga, these newly constructed apartment blocks offer a lucrative investment opportunity. Each block boasts 6 modern units, each with a spacious bedroom, cozy sitting area, fully equipped kitchen, and convenient en-suite bathroom. These well-designed units are perfect for tenants seeking comfort and convenience.
With a rental price of 1.3m Uganda shillings per unit, these blocks have the potential to generate a monthly income of 7.8m. However, with the high demand for quality housing in this area, one could easily charge 1.5m per unit and increase the total monthly income to 9m.
But the benefits don't stop there. The entire property is up for sale at an affordable price of 1 Billion Uganda shillings, with room for negotiation. This includes 12 decimals of land, providing ample space for future expansion.
Along with its prime location, this property offers an array of desirable amenities. Residents can enjoy the fresh air and views from their own private balconies, or take advantage of the well-maintained garden area. The compound is paved, with plenty of parking space for tenants and guests. For added security, a wall fence surrounds the property.
Inside the units, tenants will appreciate the built-in wardrobes, ceramic tiles, and internet coverage, making for a comfortable and modern living experience. The property also features a guest house, cable TV, and a water tank for added convenience.
Don't miss out on this opportunity to own a piece of Bbunga's thriving community. Contact us today to schedule a viewing and secure this fantastic investment opportunity.
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SCAN QR CODE
198972
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73 RELATED PROPERTIES
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UNDERSTANDING THE LAND TENURE IN UGANDA AND ITS IMPACT ON REAL ESTATE OWNERSHIP
Uganda is a country with a complex land tenure system, which has significant impacts on real estate ownership. The system is a result of a mix of different land tenure systems inherited from Uganda's colonial past, which have evolved and adapted to the country's changing political, social, and economic circumstances. In this blog, we will examine the different types of land tenure in Uganda and their impact on real estate ownership.
Mailo Land: Mailo land is a type of land tenure system that was introduced in Uganda during the colonial period. It is prevalent in central Uganda, where it covers about 30% of the land area. Mailo land is a freehold system where the land is owned by individuals or families who have the right to use, sell, or lease it. However, the landowners only have ownership rights to the surface of the land, as the government retains ownership of the minerals and subsoil.
The main challenge with the Mailo land system is that it has led to fragmented landowner
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MORNING MARKET BRIEF - THURSDAY, NOVEMBER 14, 2024
Introduction: The Daily Morning Market Brief is your daily digest of the pulse and rhythm of Uganda's real estate market. It provides an incisive snapshot of the market, highlighting key trends, indicators, and insights. Without this comprehensive report, you risk being out of sync with the ever-evolving dynamics of the local real estate market. So, don't let a day start without reading or listening to a Daily Morning Market Brief, Situation Report, or Market Overview from the Real Estate Database (RED).Overview: The Ugandan real estate market is experiencing a surge of activity. Major urban areas, including Kampala, Jinja, Entebbe, and Mbarara, are witnessing increased demand for both residential and commercial properties.Snapshot: The market is buzzing with a flurry of transactions. Buyers are showing interest in suburban areas like Ntinda, Najjera, and Wakiso, while sellers are capitalizing on this demand by offering competitive prices.Update: The market dynamics are continuously ev
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ENTER YOUR DETAILS BELOW AND PATRICK WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 198972
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